(a) A retailer bought a compact disc form a manufacturer for $20. In addition to that he paid a 15% value-added tax. If he sold the disc to a custmer for $26, calculate the cash profit he made. (use this question for question below)
(b) The manufacturer later increased the price of the compact disc by 20%. At the same time, the value- added tax was increased to 25%.
( use for below question answer: $30) ^^^^
(i) If the retailer made the same cash profit as before,calculate the price a customer had to pay for a disc.