Example 5. A wholesaler buys a TV from the manufacturer for 25000. He marks the price ofthe TV 20% above his cost price and sells it to a retailer at a 10% discount on the marked price.If the rate of VAT is 8%, find the(i) marked price.(i) retailer's cost price inclusive of tax.(ii) VAT paid by the wholesaler(2015)

Example 5. A wholesaler buys a TV from the manufacturer for 25000. He

1.	Example 5. A wholesaler buys a TV from the manufacturer for 25000. He marks the price ofthe TV 20% above his cost price and sells it to a retailer at a 10% discount on the marked price.If the rate of VAT is 8%, find the(i) marked price.(i) retailer's cost price inclusive of tax.(ii) VAT paid by the wholesaler(2015)
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