A word for price after tax and service charge but before discount

The gross price is the price before deductions. The net price is the price after deductions.

If a something is \$100, and:
VAT + service charge = \$10
Discount = \$5

Then:
\$100 -> initial price
\$110 -> gross price
\$105 -> net price

Is that right?

• I don't know how VAT is calculated, but I'm going to guess that it follows the same rule as sales tax in California, USA: the tax is calculated on the actual amount paid by the customer, not on the (possibly mythical) list price. So the discount should be applied before the tax is calculated. If VAT works differently, my apologies. Also (and here it's entirely possible that VAT is different), sales tax applies only to goods, not to services. So: Gross price - discount = net price, plus tax, plus service charge, equals final amount (AKA "grand total".) Jun 20, 2011 at 9:16
• @MT_Head: Your assumption about the discount and VAT is correct, though from the customer's point-of-view it makes little difference. Most services are subject to VAT (though genuine tips/gratuities are not). Jun 20, 2011 at 10:52
• This is a poor place to ask this question. While this is a question of definitions, it's not really an "English" question. That is, you wouldn't come here to ask questions about legal terms that required lawyers to answer or about medical terms that required doctors to answer properly. Likewise, you need to ask this question to people who know about business... not grammar experts. Mar 10, 2017 at 18:35
• Well I'm confused. The gross price seems clear enough. I thought I knew the answer to what the net price was too. But google hits have contradictory results. This one says it's the price after VAT has been subtracted from the gross price, but before deductions. But the link you gave and e.g. this one says it's the gross price minus both VAT and deductions, i.e. what the customer pays. Jun 1, 2019 at 12:09
• As MT_Head explained VAT is calculated after discount. The problem is that you specify VAT as absolute value while it is usually given as vat rate in percents. So, the calculations should be: 100 - 5 = 95 - discounted price; 95 * (1+0.1) = 104.5 - price for customer to pay. Where 0.1 is 10% Vat rate. As with regard to naming I think there is a mess. I am currently doing site for grocery store and the names seem to be: 100 - nett price, 95 - gross price, 104.5 - total. May 21, 2021 at 11:28

Taken from here:

The net price is the price pre-tax, and the gross price should be the price including tax.

backed up by here:

you know a price after tax (the Gross price)
but want to find out the price before tax (the Net price).

So, I would say that :

\$100 = initial price
\$110 = Gross price
\$100 = Net price.
\$95 = Discount price
\$105 = Total price