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On August 15th, 2019, Royal Bakery Ltd received an order for 2 over-the-top cakes from Golden Events, at N$5,000 (Incl. VAT) each. The cakes

 

On August 15th, 2019, Royal Bakery Ltd received an order for 2 over-the-top cakes from Golden Events, at N$5,000 (Incl. VAT) each. The cakes are needed for an event on December 14th Royal Bakery requires a 20% deposit before they start working on an order. The company also gives a 2% discount on full payments done within 7 days after delivery. Both Royal Bakery and Golden events are registered for VAT. Golden Events paid the 20% deposit for the order on August 15th and the remaining amount on December 14 after delivery. Using the above information, what is the contract transaction price

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