Assume that all parties involved are registered VAT vendors, that the product involved is standardrated throughout, and that the VAT rate is 15%. Required 2.1. Complete the following table: Cost of the product in Rand value (including VAT) Selling price of the product in rand value (Including VAT) Gross profit earned per product sold in Rand value Mark-up % attained Gross margin attained (as a %) Manufacturer 3 450 4 830 (i) (ii) (iii) Wholesaler (iv) (v) 1 120 (vi) (vii) Retailer (viii) (ix) (x) (xi) 16.5%