1420 LAWS OF MARYLAND. [CH. 803

named shall be governed by the provisions of paragraph
(a) or (b) of Section 112, respectively.

(e) The terms "Sell at Retail", "Sales at Retail", and
"Retail Sales", shall mean and include any transfer, for a
valuable consideration made in the ordinary course of trade
or in the usual prosecution of the seller's business, of title to
tangible personal property to the purchaser for consumption
or use other than resale or further processing or manu-
facturing. The above terms shall include any transfer of
such property where title is retained by the seller as secur-
ity for the payment of the purchase price.

(f) The terms "Sell at Wholesale", "Sales at Wholesale",
and "Wholesale Sales", shall mean and include any transfer
for a valuable consideration made in the ordinary course of
trade or the usual conduct of the seller's business, of title to
tangible personal property to the purchaser for purposes of
resale or further processing or manufacturing. The above
terms shall include any transfer of such property where
title is retained by the seller as security for the payment
of the purchase price.

(g) The term "Retailer" shall mean and include each
and every person, partnership, corporation or association
engaged in the business of making sales at retail within
this State; providing that in the case of a person, partner-
nership, corporation or association engaged in the business
of making both sales at retail and sales at wholesale, such
term shall be applied only to the retail portion of such
business.

(h) The term "Wholesaler" shall mean and include each
and every person, partnership, corporation or association
engaged in the business of making sales at wholesale within
this State; providing that in the case of ra person, partner-
ship, corporation or association engaged in the business of
making both sales at. wholesale and sales at retail, such
term shall be applied only to the wholesale portion of such
business.

(i) Any person, partnership, corporation or -association
who is engaged in the business of making sales at retail
within this State, and who buys direct from the manufact-
urer or its agent, broker, or representative, or at whole-
sale, and receives any wholesaler's prices and discounts on
merchandise to be sold at retail, must add to the invoice
cost or the replacement cost of such merchandise, both the
wholesale mark-up of two per cent (2%) and the retail
mark-up of five per cent (5%) in order to cover a pro-