(a)Awholesaler buys a TVfrorn the manufacture r for25,000.He marks the price of the TV20% above his cost price and sells it to a retailer at a 10% discount on the marked price ifthe rate of VAT is 8%, find the :(i) marked price(Ăź) retailer 's cost price inclusive of tax.(ii) VAT paid by the wholesaler13)

(a)Awholesaler buys a TVfrorn the manufacture r for25,000.He marks the

1.	(a)Awholesaler buys a TVfrorn the manufacture r for25,000.He marks the price of the TV20% above his cost price and sells it to a retailer at a 10% discount on the marked price ifthe rate of VAT is 8%, find the :(i) marked price(Ăź) retailer 's cost price inclusive of tax.(ii) VAT paid by the wholesaler13)
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