C.3 (1). Fatima Super market (retailer] buys an article from ABC Hypermart [wholesaler] at OMR 5000 and the wholesaler charges a sales tax at the rate prescribed rate of 8%. The retailer fixes the price at OMR 7000 and charges sales tax at the same rate to Mr. Rahim (customer). Apply VAT system of sales tax calculation to answer the following. (1). What is the price that a consumer [Mr. Rahim] has to pay to buy the article? [1 mark] (ii). What is the VAT that a consumer [Mr. Rahim] has to pay to buy the article? [1 Mark] (iii). Find the input tax and output tax for the retailer (Fatima Super market). [1 Mark] (iv). Find the input tax and output tax for the wholesaler (ABC Hypermarket][1 Mark] (V). How much VAT does the retailer pay to the government? [1 Mark] (vi). How much VAT does the wholesaler pay to the government? [1 Mark] (vii). How much VAT the government received in total? [ 1 Mark] IA (b) Situation 2: Calculating selling price based on following information. Lamp cost, OMR200. 40% markup on selling price