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 price of a commodity inclusive of sales tax is ₹18900.00 and the marked price is ₹18000.00, the rate of sales tax =
  • 7.00%
  • 3.00%
  • 4.00%
  • 6.00%
  • 5.00%
Question 2
2.
If the price of a commodity inclusive of taxes is ₹14300.00 and the rate of sales tax is 10.00%, the marked price =
  • ₹13000.00
  • ₹13400.00
  • ₹12200.00
  • ₹10300.00
  • ₹15300.00
Question 3
3.
If the price of a commodity inclusive of sales tax is ₹8142.30, the marked price is ₹9000.00 and the rate of discount is 17.00%, the discount =
  • ₹1470.00
  • ₹1400.00
  • ₹1530.00
  • ₹1710.00
  • ₹1600.00
Question 4
4.
A manufacturing company produced a machine and sold it to a distributer for ₹17000.00 not including tax, tax rate being 5.00%. The distributor sold it to a retailer for ₹25500.00 plus tax of ₹1275.00 . The retailer sold the machine to the consumer for ₹31875.00 plus tax of ₹1593.75 . Calculate the total amount of tax (under VAT) received by the State Government on this machine.
  • ₹1743.75
  • ₹1593.75
  • ₹1533.75
  • ₹1363.75
  • ₹1633.75
Question 5
5.
If the price of a commodity inclusive of sales tax is ₹9180.00, the marked price is ₹10000.00 and the rate of discount is 15.00%, the selling price =
  • ₹8280.00
  • ₹8630.00
  • ₹8440.00
  • ₹8570.00
  • ₹8500.00
Question 6
6.
If the marked price of a commodity is ₹19000.00 and the rate of sales tax is 6.00%, the selling price including sales tax =
  • ₹20140.00
  • ₹20540.00
  • ₹18340.00
  • ₹18840.00
  • ₹21640.00
Question 7
7.
A person wants to buy a commodity which costs ₹714.00. The rate of sales tax is 2.00%. The person tells the shopkeeper to reduce the list price of the commodity such that he has to pay only ₹714.00, inclusive of sales tax. Find the reduction needed in the price of the commodity.
  • ₹11.00
  • ₹19.00
  • ₹17.00
  • ₹14.00
  • ₹9.00
Question 8
8.
If the marked price of a commodity is ₹11000.00 and the rate of sales tax is 3.00%, the sales tax =
  • ₹354.00
  • ₹330.00
  • ₹342.00
  • ₹313.00
  • ₹318.00
Question 9
9.
    • A person buys the following items from a departmental store : grains of worth ₹600.00, pair of shoes of worth ₹800.00, clothes of worth ₹2000.00, fruits of worth ₹1100.00. If sales tax is charged at the rate of 8.00% on grains, 4.00% on pair of shoes, 9.00% on clothes, 7.00% on fruits, find the total amount to be paid.
  • ₹5097.00
  • ₹4837.00
  • ₹4987.00
  • ₹4707.00
  • ₹4657.00
Question 10
10.
The list price of a commodity is ₹19000.00 and the shopkeeper gives a discount of 5.00% . On the remaining amount, he charges 5.00% sales tax. Find the final price the customer has to pay to the shopkeeper.
  • ₹18953.50
  • ₹18954.50
  • ₹18951.50
  • ₹18950.50
  • ₹18952.50