## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Chapter Test

Question 1.
If a man received ₹1080 as dividend from 9% ₹20 shares, find the number of shares purchased by him.
Solution:

Question 2.
Find the percentage interest on capital invested in 18% shares when a Rs 10 share costs Rs 12.
Solution:

Question 3.
Rohit Kulkarni invests Rs 10000 in 10% Rs 100 shares of a company. If his annual dividend is Rs 800, find :
(i) The market value of each share.
(ii) The rate per cent which he earns on his investment.
Solution:

Question 4.
At what price should a 9% Rs 100 share be quoted when the money is worth 6%?
Solution:

Question 5.
By selling at Rs 92, some 2.5% Rs 100 shares and investing the proceeds in 5% Rs 100 shares at Rs 115, a person increased his annual income by Rs 90. Find:
(i) the number of shares sold.
(ii) the number of shares purchased.
(iii) the new income.
(iv) the rate per cent which he earns on his investment.
Solution:

Question 6.
A man has some shares of Rs. 100 par value paying a 6% dividend. He sells half of these at a discount of 10% and invests the proceeds in 7% Rs. 50 shares at a premium of Rs. 10. This transaction decreases his income from dividends by Rs. 120. Calculate:
(i) the number of shares before the transaction.
(ii) the number of shares he sold.
(iii) his initial annual income from shares.
Solution:

Question 7.
Divide Rs. 101520 into two parts such that if one part is invested in 8% Rs. 100 shares at 8% discount and the other in 9% Rs. 50 shares at 8% premium, the annual incomes are equal.
Solution:

Question 8.
A man buys Rs. 40 shares of a company which pays a 10% dividend. He buys the shares at such a price that his profit is 16% on his investment. At what price did he buy each share?
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends MCQS

Question 1.
If Jagbeer invest ₹10320 on ₹100 shares at a discount of ₹ 14, then the number of shares he buys is
(a) 110
(b) 120
(c) 130
(d) 150
Solution:

Question 2.
If Nisha invests ₹19200 on ₹50 shares at a premium of 20%, then the number of shares she buys is
(a) 640
(b) 384
(c) 320
(d) 160
Solution:

Question 3.
₹ 40 shares of a company are selling at a 25% premium. If Mr Jacob wants to buy 280 shares of the company, then the investment required by him is
(a) ₹ 11200
(b) ₹ 14000
(c) ₹ 16800
(d) ₹ 8400
Solution:

Question 4.
Arun possesses 600 shares of ₹25 of a company. If the company announces a dividend of 8%, then Arun’s annual income is
(a) ₹ 48
(b) ₹ 480
(c) ₹ 600
(d) ₹ 1200
Solution:

Question 5.
A man invests ₹24000 on ₹60 shares at a discount of 20%. if the dividend declared by the company is 10%, then his annual income is
(a) ₹ 3000
(b) ₹ 2880
(c) ₹ 1500
(d) ₹ 1440
Solution:

Question 6.
Salman has some shares of ₹ 50 of a company paying a 15% dividend. If his annual income is ₹ 3000, then the number of shares he possesses is
(a) 80
(b) 400
(c) 600
(d) 800
Solution:

Question 7.
₹ 25 shares of a company are selling at ₹ 20. If the company is paying a dividend of 12%, then the rate of return is
(a) 10%
(b) 12%
(c) 15%
(d) 18%
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 3 Shares and Dividends Ex 3

Question 1.
Find the dividend received on 60 shares of Rs, 20 each if 9% dividend is declared.
Solution:

Question 2.
A company declares 8 per cent dividend to the shareholders. If a man receives Rs. 2840 as his dividend, find the nominal value of his shares.
Solution:

Question 3.
A man buys 200 ten-rupee shares at Rs 12.50 each and receives a dividend of 8%. Find the amount invested by him and the dividend received by him in cash.
Solution:

Question 4.
Find the market price of 5% share when a person gets a dividend of Rs 65 by investing Rs. 1430.
Solution:

Question 5.
Salman buys 50 shares of face value Rs 100 available at Rs 132.
(i) What is his investment?
(ii) If the dividend is 7.5% p.a., what will be his annual income?
(iii) If he wants to increase his annual income by Rs 150, how many extra shares should he
Solution:

Question 6.
A lady holds 1800, Rs. 100 shares of a company that pays 15% dividend annually. Calculate her annual dividend. If she had bought these shares at 40% premium, what percentage return does she get on her investment? Give your answer to the nearest integer.
Solution:

Question 7.
What sum should a person invest in Rs 25 shares, selling at Rs 36, to obtain an income of Rs 720, if the dividend declared is 12%? Also, find the percentage return on his income.
(i) The number of shares bought by him.
(ii) The percentage return on his income.
Solution:

Question 8.
Ashok invests Rs 26400 on 12% Rs 25 shares of a company. If he receives a dividend of Rs 2475, find:
(i) the number of shares he bought.
(ii) the market value of each share. (2016)
Solution:

Question 9.
Amit Kumar invests Rs 36,000 in buying Rs 100 shares at Rs 20 premium. The dividend is 15% per annum. Find :
(i) The number of shares he buys
(ii) His yearly dividend
(iii) The percentage return on his investment.
Solution:

Question 10.
Mr Tiwari invested Rs 29,040 in 15% Rs 100 shares at a premium of 20%. Calculate:
(i) The number of shares bought by Mr Tiwari.
(ii) Mr Tiwari’s income from the investment.
(iii) The percentage return on his investment.
Solution:

Question 11.
A man buys shares at the par value of Rs 10 yielding 8% dividend at the end of a year. Find the number of shares bought if he receives a dividend of Rs 300.
Solution:

Question 12.
A man invests Rs 8800 on buying shares of the face value of rupees hundred each at a premium of 10%. If he earns Rs 1200 at the end of the year as a dividend, find:
(i) the number of shares he has in the company.
(ii) the dividend percentage per share.
Solution:

Question 13.
A man invested Rs. 45000 in 15% Rs. 100 shares quoted at Rs. 125. When the market value of these shares rose to Rs. 140, he sold some shares, just enough to raise Rs. 8400. Calculate :
(i) the number of shares he still holds. (2004)
(ii) the dividend due to him on these shares.
Solution:

Question 14.
A company pays a dividend of 15% on its ten-rupee shares from which it deducts tax at the rate of 22%. Find the annual income of a man, who owns one thousand shares of this company.
Solution:

Question 15.
Ajay owns 560 shares of a company. The face value of each share is Rs. 25. The company declares a dividend of 9%. Calculate.
(i) the dividend that Ajay will get.
(ii) the rate of interest, on his investment, if Ajay has paid Rs. 30 for each share. (2007)
Solution:

Question 16.
A company with 10000 shares of the nominal value of Rs. 100 declares an annual dividend of 8% to the shareholders.
(i) Calculate the total amount of dividend paid by the company.
(ii) Ramesh bought 90 shares of the company at Rs. 150 per share.
Calculate the dividend he received and the percentage return on his investment. (1994)
Solution:

Question 17.
A company with 4000 shares of the nominal value of Rs. 110 declares an annual dividend of 15%. Calculate :
(i) the total amount of dividend paid by the company,
(ii) the annual income of Shah Rukh who holds 88 shares in the company,
(iii) if he received only 10% on his investment, find the price Shah Rukh paid for each share. (2008)
Solution:

Question 18.
By investing in Rs. 7500 in a company paying 10 per cent dividend, an income of Rs. 500 is received. What price is paid for each Rs 100 share
Solution:

Question 19.
A man invests Rs. 8000 in a company paying 8% dividend when a share of the face value of Rs. 100 is selling at Rs. 60 premium,
(i) What is his annual income,
(ii) What per cent does he get on his money?
Solution:

Question 20.
A man buys 400 ten-rupee shares at a premium of Rs. 2.50 on each share. If the rate of dividend is 8%, Find,
(i) his investment
(iii) yield.
Solution:

Question 21.
A man invests Rs. 10400 in 6% shares at Rs. 104 and Rs. 11440 in 10.4% shares at Rs. 143. How much income would he get in all?
Solution:

Question 22.
Two companies have shares of 7% at Rs. 116 and 9% at Rs. 145 respectively. In which of the shares would the investment be more profitable?
Solution:

Question 23.
Which is a better investment: 6% Rs. 100 shares at Rs. 120 or 8% Rs. 10 shares at Rs. 15
Solution:

Question 24.
A man invests Rs -10080 in 6% hundred- rupee shares at Rs. 112. Find his annual income. When the shares fall to Rs. 96 he sells out the shares and invests the proceeds in 10% ten-rupee shares at Rs. 8. Find the change in his annual income.
Solution:

Question 25.
A man bought 360 ten-rupee shares paying 12% per annum. He sold them when the price rose to Rs. 21 and invested the proceeds in five-rupee shares paying $$4 \frac { 1 }{ 2 }$$ % per annum at Rs. 3.5 per share. Find the annual change in his income.
Solution:

Question 26.
A person invests Rs. 4368 and buys certain hundred-rupee shares at 91. He sells out shares worth Rs. 2400 when they have t risen to 95 and the remainder when they have fallen to 85. Find the gain or loss on the total transaction,
Solution:

Question 27.
By purchasing Rs. 50 gas shares for Rs. 80 each, a man gets a 4% profit on his investment. What rate per cent is company paying? What is his dividend if he buys 200 shares?
Solution:

Question 28.
Rs. 100 shares of a company are sold at a discount of Rs. 20. If the return on the investment is 15%. Find the rate of dividend declared
Solution:

Question 29.
A company declared a dividend of 14%. Find the tire market value of Rs. 50 shares if the return on the investment was 10%.
Solution:

Question 30.
At what price should a 6.25% Rs. 100 shares are quoted when the money is worth 5%?
Solution:

Question 31.
At what price should a 6.25% Rs. 50 share be quoted when the money is worth 10%?
Solution:

Question 32.
A company with 10000 shares of Rs. 100 each, declares an annual dividend of 5%.
(i) What is the total amount of dividend paid by the company?
(ii) What would be the annual income of a man, who has 72 shares, in the company?
(iii) If he received only 4% on his investment, find the price he paid for each share. (1998)
Solution:

Question 33.
A man sold some Rs. 100 shares paying 10% dividend at a discount of 25% and invested the proceeds in Rs. 100 shares paying a 16% dividend quoted at Rs. 80 and thus increased his income by Rs. 2000. Find the number of shares sold by him.
Solution:

Question 34.
By selling at Rs. 77, some $$2 \frac { 1 }{ 4 }$$ % shares of face value Rs. 100, and investing the proceeds in 6% shares of face value Rs. 100, selling at 110, a person increased his income by Rs, 117 per annum. How many shares did he sell?
Solution:

Question 35.
A man invests Rs. 6750, partly in shares of 6% at Rs. 140 and partly in shares of 5% at Rs. 125. If his total income is Rs. 280, how much has he invested in each?
Solution:

Question 36.
Divide Rs. 20304 into two parts such that if one part is invested in 9% Rs. 50 shares at 8% premium and the other part are invested in 8% Rs. 25 shares at 8% discount, then the annual incomes from both the investment are equal
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Chapter Test

Question 1.
Mr Dhruv deposits Rs 600 per month in a recurring deposit account for 5 years at the rate of 10% per annum (simple interest). Find the amount he will receive at the time of maturity.
Solution:

Question 2.
Ankita started paying Rs 400 per month in a 3 years recurring deposit. After six months her brother Anshul started paying Rs 500 per month in a $$2 \frac { 1 }{ 2 }$$ years recurring deposit. The bank paid 10% p.a. simple interest for both. At maturity who will get more money and by how much?
Solution:

Question 3.
Shilpa has a 4-year recurring deposit account in Bank of Maharashtra and deposits Rs 800 per month. If she gets Rs 48200 at the time of maturity, find
(i) the rate of simple interest,
(ii) the total interest earned by Shilpa
Solution:

Question 4.
Mr. Chaturvedi has a recurring deposit account in Grindlay’s Bank for $$4 \frac { 1 }{ 2 }$$ years at 11% p.a. (simple interest). If he gets Rs 101418.75 at the time of maturity, find the monthly instalment.
Solution:

Question 5.
Rajiv Bhardwaj has a recurring deposit account in a bank of Rs 600 per month. If the bank pays simple interest of 7% p.a. and he gets Rs 15450 as maturity amount, find the total time for which the account was held.
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking MCQS

Choose the correct answer from the given four options (1 to 4):

Question 1.
If Shahrukh opened a recurring deposit account in a bank and deposited Rs 800 per month for $$1 \frac { 1 }{ 2 }$$ years, then the total money
deposited in the account is
(a) Rs 11400
(b) Rs 14400
(c) Rs 13680
(d) none of these
Solution:

Question 2.
Mrs Asha Mehta deposits Rs 250 per month for one year in a bank’s recurring deposit account. If the rate of (simple) interest is 8% per annum, then the interest earned by her on this account is
(a) Rs 65
(b) Rs 120
(c) Rs 130
(d) Rs 260
Solution:

Question 3.
Mr Sharma deposited Rs 500 every month in a cumulative deposit account for 2 years. If the bank pays interest at the rate of 7% per annum, then the amount he gets on maturity is
(a) Rs 875
(b) Rs 6875
(c) Rs 10875
(d) Rs 12875
Solution:

Question 4.
John deposited Rs 400 every month in a bank’s recurring deposit account for $$2 \frac { 1 }{ 2 }$$ years. If he gets Rs 1085 as interest at the time of maturity, then the rate of interest per annum is
(a) 6%
(b) 7%
(c) 8%
(d) 9%
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 2 Banking Ex 2

Question 1.
Shweta deposits Rs. 350 per month in a recurring deposit account for one year at the rate of 8% p.a. Find the amount she will receive at the time of maturity.
Solution:

Question 2.
Salom deposited Rs 150 per month in a bank for 8 months under the Recurring Deposit Scheme. ‘What will be the maturity value of his deposit if the rate of interest is 8% per annum?
Solution:

Question 3.
Mrs Goswami deposits Rs. 1000 every month in a recurring deposit account for 3 years at 8% interest per annum. Find the matured value. (2009)
Solution:

Question 4.
Kiran deposited Rs. 200 per month for 36 months in a bank’s recurring deposit account. If the banks pay interest at the rate of 11% per annum, find the amount she gets on maturity?
Solution:

Question 5.
Haneef has a cumulative bank account and deposits Rs. 600 per month for a period of 4 years. If he gets Rs. 5880 as interest at the time of maturity, find the rate of interest.
Solution:

Question 6.
David opened a Recurring Deposit Account in a bank and deposited Rs. 300 per month for two years. If he received Rs. 7725 at the time of maturity, find the rate of interest per annum. (2008)
Solution:

Question 7.
Mr Gupta-opened a recurring deposit account in a bank. He deposited Rs. 2500 per month for two years. At the time of maturity, he got Rs. 67500. Find :
(i) the total interest earned by Mr Gupta.
(ii) the rate of interest per annum.
Solution:

Question 8.
Shahrukh opened a Recurring Deposit Account in a bank and deposited Rs 800 per month for $$1 \frac { 1 }{ 2 }$$ years. If he received Rs 15084 at the time of maturity, find the rate of interest per annum.
Solution:

Question 9.
Mohan has a recurring deposit account in a bank for 2 years at 6% p.a. simple interest. If he gets Rs 1200 as interest at the time of maturity, find:
(i) the monthly instalment
(ii) the amount of maturity. (2016)
Solution:

Question 10.
Mr R.K. Nair gets Rs 6,455 at the end of one year at the rate of 14% per annum in a recurring deposit account. Find the monthly instalment.
Solution:

Question 11.
Samita has a recurring deposit account in a bank of Rs 2000 per month at the rate of 10% p.a. If she gets Rs 83100 at the time of maturity. Find the total time for which the account was held.
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

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

Question 1.
A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being ₹ 18000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the rate of sales tax is 8%, find:
(i) the VAT paid by the shopkeeper.
(ii) the total amount that the consumer pays for the washing machine.
Solution:

Question 2.
A manufacturing company sold an article to its distributor for ₹22000 including VAT. The distributor sold the article to a dealer for ₹22000 excluding tax and the dealer sold it to a consumer for ₹25000 plus tax (under VAT). If the rate of sales tax (under VAT) at each stage is 10%, find :
(i) the sale price of the article for the manufacturing company.
(ii) the amount of VAT paid by the dealer.
Solution:

Question 3.
The marked price of an article is ₹7500. A shopkeeper sells the article to a consumer at the marked prices and charges sales tax at . the rate of 7%. If the shopkeeper pays a VAT of ₹105, find the price inclusive of sales tax of the article which the shopkeeper paid to the wholesaler.
Solution:

Question 4.
A shopkeeper buys an article at a discount of 30% and pays sales tax at the rate of 6%. The shopkeeper sells the article to a consumer at 10% discount on the list price and charges sales tax at the’ same rate. If the list price of the article is ₹3000, find the price inclusive of sales tax paid by the shopkeeper.
Solution:

Question 5.
Mukherjee purchased a movie camera for ₹27468. which includes 10% rebate on the list price and then 9% sales tax (under VAT) on the remaining price. Find the list price of the movie camera.
Solution:

Question 6.
A retailer buys an article at a discount of 15% on the printed price from a wholesaler. He marks up the price by 10%. Due to competition in the market, he allows a discount of 5% to a buyer. If the buyer pays ₹451.44 for the article inclusive of sales tax (under VAT) at 8%, find :
(i) the printed price of the article
(ii) the profit percentage of the retailer.
Solution:

ML Aggarwal Class 10 Solutions for ICSE Maths

## 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