ICSE Board Practice

Class VI Class VII Class VIII Class IX Class X
ICSE Grade X - Sales Tax and Value Added Tax (VAT)
Question 1
1.
If the marked price of a commodity is ₹5000.00 and the rate of sales tax is 2.00%, the selling price including sales tax =
  • ₹5050.00
  • ₹5260.00
  • ₹5100.00
  • ₹5120.00
  • ₹4870.00
Question 2
2.
If the price of a commodity inclusive of sales tax is ₹5225.00, the rate of sales tax is 10.00% and the rate of discount is 5.00%, the selling price =
  • ₹4500.00
  • ₹4750.00
  • ₹4570.00
  • ₹4970.00
  • ₹4920.00
Question 3
3.
A manufacturing company produced a machine and sold it to a distributer for ₹17000.00 not including tax, tax rate being 6.00%. The distributor sold it to a retailer for ₹25500.00 plus tax of ₹1530.00 . The retailer sold the machine to the consumer for ₹38250.00 plus tax of ₹2295.00 . Calculate the total amount of tax (under VAT) received by the State Government on this machine.
  • ₹2165.00
  • ₹2295.00
  • ₹2115.00
  • ₹2465.00
  • ₹2575.00
Question 4
4.
If the marked price of a commodity is ₹13000.00 and the rate of sales tax is 10.00%, the sales tax =
  • ₹1440.00
  • ₹1050.00
  • ₹1300.00
  • ₹1320.00
  • ₹1160.00
Question 5
5.
If the price of a commodity inclusive of sales tax is ₹17765.00, the rate of sales tax is 10.00% and the rate of discount is 15.00%, the discount =
  • ₹3000.00
  • ₹2910.00
  • ₹2850.00
  • ₹2720.00
  • ₹2670.00
Question 6
6.
If the price of a commodity inclusive of sales tax is ₹9270.00 and the marked price is ₹9000.00, the sales tax =
  • ₹270.00
  • ₹255.00
  • ₹248.00
  • ₹288.00
  • ₹294.00
Question 7
7.
A shopkeeper buys a product at a discount of 5.00% from a wholesaler. The printed price of the product is ₹13000.00 and the rate of sales tax paid is 2.00%. The shopkeeper sells it at the printed price and charges tax at the same rate. Find the VAT paid by the shopkeeper.
  • ₹11.00
  • ₹15.00
  • ₹13.00
  • ₹12.00
  • ₹14.00
Question 8
8.
If the price of a commodity inclusive of sales tax is ₹18431.90, the marked price is ₹19000.00 and the rate of discount is 11.00%, the rate of sales tax =
  • 10.00%
  • 11.00%
  • 9.00%
  • 7.00%
  • 8.00%
Question 9
9.
If the marked price of a commodity is ₹19000.00, the rate of sales tax is 8.00% and the rate of discount is 10.00%, the sales tax =
  • ₹1368.00
  • ₹1518.00
  • ₹1548.00
  • ₹1198.00
  • ₹1248.00
Question 10
10.
If the price of a commodity inclusive of taxes is ₹13390.00 and the rate of sales tax is 3.00%, the sales tax =
  • ₹417.00
  • ₹378.00
  • ₹390.00
  • ₹404.00
  • ₹377.00