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1:53 Х assignment o BAMA: 1101 BUSINESS MATHEMATICS Marks :15 Date of issue: 14/03/2021 Date of submission: 25/03/2021 Sec. 3 and 11 only Task: 1 The cost of producing one unit of lap top for a manufacturer is calculated at OMR 130. After mark up, the selling price of the lap top to wholesaler is OMR 200 per unit. Wholesaler sold each unit to the retailer at a price of OMR 250. Customer purchase the same unit from the retailer at a price of OMR 320. The Value Added Tax rate is fixed at 5% Find out the following from the question given if the total units manufactured and sold at each level is 120 units. (5 marks) 1. VAT paid by the manufacturer 6.5 2. VAT paid by the wholesaler 3.5 3. VAT paid by the retailer 2.5 4. VAT paid by the customer 5. The total VAT collected by the Government. 2.5 + 6.5 = 9 130*(5/100)= 6.5 130+6.5= 136.5 200*(5/100)= 10 10-6.5= 3.5 200+10= 210 250*(5/100) = 12.5 12.5-10 = 2.5 250+12.5 = 262.5 TOTAL= 6.5+3.5+2.5 = 12.5
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