## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 1 Value Added Tax MCQS

A retailer purchases a fan for ₹ 1200 from a wholesaler and sells it to a consumer at 15% profit. If the rate of sales tax (under VAT) at every stage is 8%, then choose the correct answer from the given four options for questions 1 to 5:

Question 1.
The selling price of the fan by the retailer (excluding tax) is
(a) ₹ 1200
(b) ₹ 1380
(c) ₹ 1490.40
(d) ₹ 11296
Solution:

Question 2.
VAT paid by the wholesaler is
(a) ₹ 96
(b) ₹ 14.40
(c) ₹ 110.40
(d) ₹ 180
Solution:

Question 3.
VAT paid by the retailer
(a) ₹ 180
(b) ₹ 110.40
(c) ₹ 96
(d) ₹ 14.40
Solution:

Question 4.
VAT collected by the Government on the sale of fan is
(a) ₹14.40
(b) ₹96
(c) ₹110.40
(d) ₹180
Solution:

Question 5.
The cost of the fan to the consumer inclusive of tax is
(a) ₹1296
(b) ₹1380
(c) ₹1310.40
(d) ₹1490.40
Solution:

A shopkeeper bought a TVfrom a distributor at a discount of 25% of the listed price of ₹ 32000. The shopkeeper sells the TV to a consumer at the listed price. If the sales tax (under VAT) is 6% at every stage, then choose the correct answer from the given four options for questions 6 to 8:

Question 6.
VAT paid by the distributor is
(a) ₹1920
(b) ₹1400
(c) ₹480
(d) ₹8000
Solution:

Question 7.
VAT paid by the shopkeeper is
(a) ₹480
(b) ₹1440
(c) ₹1920
(d) ₹8000
Solution:

Question 8.
The cost of the TV to the consumer inclusive of tax is
(a) ₹8000
(b) ₹32000
(c) ₹33920
(d) none of these
Solution:

A wholesaler buys a computer from a manufacturer for ₹ 40000. He marks the price of the computer 20% above his cost price and sells it to a retailer at a discount of 10% on the marked price. The retailer sells the computer to a consumer at the marked price. If the rate of sales tax (under VAT) is 10% at every stage, then choose the correct answer from the given four options for questions 9 to 15:

Question 9.
The marked price of the computer is
(a) ₹40000
(b) ₹48000
(c) ₹50000
(d) none of these
Solution:

Question 10.
Cost of the computer to the retailer (excluding tax) is
(a) ₹36000
(b) ₹40000
(c) ₹43200
(d) ₹47520
Solution:

Question 11.
Cost of the computer to the retailer inclusive of tax is
(a) ₹47520
(b) 43200
(c) 44000
(d) none of these
Solution:

Question 12.
VAT paid by the manufacturer is
(a) ₹4000
(b) ₹4320
(c) ₹320
(d) none of these
Solution:

Question 13.
VAT paid by the wholesaler is
(a) ₹4000
(b) ₹4320
(c) ₹320
(d) ₹480
Solution:

Question 14.
VAT paid by the retailer is
(a) ₹4000
(b) ₹4320
(c) ₹320
(d) ₹480
Solution:

Question 15.
Consumer’s cost price inclusive of VAT is
(a) ₹47520
(b) ₹48000
(c) ₹52800
(d) ₹44000
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 1 Value Added Tax Ex 1

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 1 Value Added Tax Ex 1

Question 1.
A manufacturing company sells a T.V. to a trader A for ₹ 18000. Trader A sells it to a trader B at a point of ₹ 750 and trader B sells it to a consumer at a profit of ₹ 900. If the rate of sales tax (under VAT) is 10%, find
(i) the amount of tax received by the Government.
(ii) the amount paid by the consumer for the T.V.
Solution:

Question 2.
A manufacturer sells a washing machine to a wholesaler for ₹ 15000. The wholesaler sells it to a trader at a profit of ₹ 1200 and the trader sells it to a consumer at a profit of ₹ 1800. If the rate of VAT is 8%, find :
(i) The amount of VAT received by the State Government on the sale of this machine from the manufacturer and the wholesaler.
(ii) The amount that the consumer pays for the machine.
Solution:

Question 3.
A manufacturer buys raw material for ₹ 40000 and pays sales tax at the rate of 4%. He sells the ready stock for ₹ 78000 and charges sales tax at the rate of 7.5%. Find the VAT paid by the manufacturer.
Solution:

Question 4.
A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being ₹ 1600 and the rate of sales tax is 6%. The shopkeeper sells it to the buyer at the printed price and charges sales tax at the same rate. Find
(i) the price at which the camera can be bought.
(ii) the VAT (Value Added Tax) paid by the shopkeeper.
Solution:

Question 5.
The printed price of an article is ₹ 60000. The wholesaler allows a discount of 20% to the shopkeeper. The shopkeeper sells the article to the customer at the printed price. Sales tax (under VAT) is charged at the rate of 6% at every stage. Find:
(i) the cost to the shopkeeper inclusive of tax.
(ii) VAT paid by the shopkeeper to the Government.
(iii) the cost to the customer inclusive of tax.
Solution:

Question 6.
A shopkeeper bought a TV at a discount of 30% of the listed price of ₹ 24000. The shopkeeper offers a discount of 10% of the listed price to his customer. If the VAT (Value Added Tax) is 10%, find the amount paid by the customer, the VAT to be paid by the shopkeeper.
Solution:

Question 7.
A shopkeeper sells an article at the listed price of ₹ 1500 and the rate of VAT is 12% at each stage of sale. If the shopkeeper pays a VAT of ₹ 36 to the Government, what was the amount inclusive of tax at which the shopkeeper purchased the articles from the wholesaler?
Solution:

Question 8.
A shopkeeper buys an article whose list price is ₹ 800 at some rate of discount from a wholesaler. He sells the article to a consumer at the list price and charges sales tax at the prescribed rate of 7.5%. If the shopkeeper has to pay a VAT of ₹ 6, find the rate of discount at which he bought the article from the wholesaler.
Solution:

Question 9.
A manufacturing company ‘P’ sells a Desert cooler to a dealer A for ₹ 8100 including sales tax (under VAT). The dealer A sells it to a dealer B for ₹ 8500 plus sales tax and the dealer B sells it to a consumer at a profit of ₹ 600. If the rate of sales tax (under VAT) is 8%, find
(i) the cost price of the cooler for dealer A.
(ii) the amount of tax received by the Government.
(iii) the amount which the consumer pays for the cooler.
Solution:

Question 10.
A manufacturer marks an article for ₹ 5000. He sells it to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on the marked price. The retailer sells it to a consumer at the marked price and at each stage, the VAT is 8%.
Calculate the amount of VAT received by the Government from :
(i) the wholesaler.
(ii) the retailer.
Solution:

Question 11.
A manufacturer listed the price of his goods at ₹ 160 per article. He allowed a discount of 25% to a wholesaler who in his turn allowed a discount of 20% on the listed price to a retailer. The rate of sales tax on the goods is 10%. If the retailer sells one article to a consumer at a discount of 5% on the listed price, then find
(i) the VAT paid by the wholesaler.
(ii) the VAT paid by the retailer.
(iii) the VAT received by the Government.
Solution:

Question 12.
Kiran purchases an article for ₹ 5, 400 which includes 10% rebate on the marked price and 20% sales tax (under VAT) on the remaining price. Find the marked price of the article.
Solution:

Question 13.
A shopkeeper buys an article for ₹ 12000 and marks up its price by 25%. The shopkeeper gives a discount of 10% on the marked up price. He gives a further off-season discount of 5% on the balance. But the sales tax (under VAT) is charged at 8% on the remaining price. Find :
(i) the amount of VAT which a customer has to pay.
(ii) the final price he has to pay for the article.
Solution:

Question 14.
In a particular tax period, Mr Sunder Dass, a shopkeeper purchased goods worth ₹ 960000 and paid a total tax of ₹ 62750 (under VAT). During this period, his sales consisted of taxable turnover of ₹ 400000 of goods taxable at 6% and ₹ 480000 for goods taxable at 12.5%. He also sold tax-exempted goods worth ₹ 95640 in the same period. Calculate his tax liability (under VAT) for this period.
Solution:

Question 15.
In the tax period ended March 2015, M/S Hari Singh & Sons purchased floor tiles worth ₹ 800000 taxable at 7.5% and sanitary fittings worth ₹ 750000 taxable at 10%. During this period, the sales turnover for floor tiles and sanitary fittings are worth ₹ 840000 and ₹ 920000 respectively. However, the floor tiles worth ₹ 60000 were returned by the firm during the same period. Calculate the tax liability (under VAT) of the firm for this tax period.
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## Bholi Summary Analysis and Explanation

Students can also check English Summary to revise with them during exam preparation.

## Bholi Summary Analysis and Explanation By Khwaja Ahmad Abbas

 Author Name Khwaja Ahmad Abbas Born 7 June 1914, Panipat Died 1 June 1987, Mumbai Books The world is my village, The Thirteenth Victim, Distant Dream 2Nd/ Ed. Awards National Film Award for Best Feature Film

### Bholi Summary of the Lesson

This story is all about a simple village girl named Bholi. Her real name was Sulekha. But fate deceived her and when she was ten months old, she fell off the cot damaging some part of her brain. As a result, she could pick up speech only after she was five years old, but she stammered.

Later on, when she was two years old, she had an attack of small pox that left her with blank spots all over the body. The other children often made fun of her and mimicked her. Therefore, she talked very little.

Numberdar Ramlal has seven children in all—three sons and four daughters. Bholi was the youngest. All other were healthy and strong except Bholi. Bholi was seven years old when a primary school opened in their village.

The tehsildar came to perform the opening ceremony of the school. He told Ramlal that as a revenue official and as a representative of the government in the village, he should send his daughter to the school and set an example before the villagers.

When he consulted his wife about the issue, his wife did not agree with him. Yet she decided to send Bholi to the school.

The next day, Bholi was given a bath, and a new dress to wear. Her mother makes her hair and then she was sent to the school. When her father left her in the school, she sat in a comer in the class. When her teacher asked her name, she stammered and the children started laughing.

At this Bholi started weeping. But the teacher’s voice was soft and soothing. It encouraged her a lot and finally she could tell her full name. Then the teacher told her that if she would come daily to school, she would speak without a stammer and one day she would become the most educated girl in the village.

Then no one will dare to laugh at her. Then they will listen to her carefully.

Years passed and the village now turned into a small town. One night Ramlal consulted his wife about the proposal made by Bishamber, a grocer in the neighboring village. His wife readily agreed to it. Bholi was also listening this conversation. The day of her marriage came.

When the bridegroom was about to garland her, some lady pulled her veil down showing her face to him. The bridegroom had a quick glance at her face and noticed pox marks on her face. At this, he asked Ramlal to give him five thousand rupees as dowry in order to marry that ugly girl.

After some arguments, Ramlal handed over the money to Bishamber. But Bholi asked his father to take money back from him as she did not want to marry that old lame and greedy person. Everybody was surprised because Bholi was not stammering at all. The bridegroom went back with his baraat.

Ramala could not lift his head due to shame and grief. He told Bholi that no one will marry her now. But Bholi said to him that she would serve his parents in their old age and teach in the same school where she had learnt so much.