31 Use the following information to calculate figures in the table below. Manufacturer: $ 60 net selling price. Marks up (Wholesaler: $ 20. Retailer: $40) Applicable VAT: 30% Calculation Net cost of sales Mark up Net selling price VAT chargeable (3096) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise (subtract) Net VAT Paid by Manufacturer Wholesaler Retailer Customer Net VAT paid by wholesaler is: $60 $80 $120