Wheelies of Bellville bought aluminium wheelbases from Cridel Ltd in Johannesburg.

• The price of each wheelbase, of which 300 were bought, is R228.

• The aluminium wheelbases were railed to Bellville at a total cost of R991.80.

• Wheelies paid R11.40 per wheelbase for packing material, which they decided would make the wheelbases sell better.

• VAT at 14% is included in the cost of all of the specified goods and services.

You are required to:

1 Calculate the cost price per wheelbase.

2 Calculate the selling price per wheelbase, if the mark-up percentage is 60%.

3 Calculate the marked price of each wheelbase (VAT incl.).

4 Calculate the net liability to the SARS for VAT if all the wheelbases are sold.