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 ₹11000.00 and the rate of sales tax is 10.00%, the selling price including sales tax =
  • ₹10400.00
  • ₹12100.00
  • ₹13300.00
  • ₹10300.00
  • ₹13700.00
Question 2
2.
If the marked price of a commodity is ₹11000.00, the rate of sales tax is 10.00% and the rate of discount is 20.00%, the selling price including sales tax =
  • ₹9720.00
  • ₹9510.00
  • ₹9680.00
  • ₹9660.00
  • ₹9840.00
Question 3
3.
If the price of a commodity inclusive of sales tax is ₹5752.80, the marked price is ₹6000.00 and the rate of discount is 6.00%, the discount =
  • ₹367.00
  • ₹360.00
  • ₹386.00
  • ₹342.00
  • ₹355.00
Question 4
4.
If the price of a commodity inclusive of taxes is ₹12600.00 and the rate of sales tax is 5.00%, the marked price =
  • ₹12000.00
  • ₹12400.00
  • ₹11300.00
  • ₹9800.00
  • ₹13600.00
Question 5
5.
A manufacturing company produced a machine and sold it to a distributer for ₹20000.00 not including tax, tax rate being 7.00%. The distributor sold it to a retailer for ₹25000.00 plus tax of ₹1750.00 . The retailer sold the machine to the consumer for ₹31250.00 plus tax of ₹2187.50 . Calculate the total amount of tax (under VAT) received by the State Government on this machine.
  • ₹2267.50
  • ₹2187.50
  • ₹2307.50
  • ₹2057.50
Question 6
6.
A dealer quotes the price of a commodity as ₹11000.00 plus sales tax at the rate of 4.00% . Find the amount that a buyer has to pay to buy that commodity.
  • ₹11439.00
  • ₹11440.00
  • ₹11442.00
  • ₹11438.00
  • ₹11441.00
Question 7
7.
A person wants to buy a commodity which costs ₹763.00. The rate of sales tax is 9.00%. The person tells the shopkeeper to reduce the list price of the commodity such that he has to pay only ₹763.00, inclusive of sales tax. Find the reduction needed in the price of the commodity.
  • ₹58.00
  • ₹66.00
  • ₹60.00
  • ₹68.00
  • ₹63.00
Question 8
8.
If the price of a commodity inclusive of taxes is ₹19800.00 and the rate of sales tax is 10.00%, the sales tax =
  • ₹1800.00
  • ₹1650.00
  • ₹1960.00
  • ₹1830.00
  • ₹1660.00
Question 9
9.
The price of a commodity inclusive of sales tax of 11.00% is ₹666.00. If the sales tax is decreased to 6.00%, how much the customer has to pay ?
      • ₹33.00
      • more
      • ₹30.00
      • less
      • ₹27.00
      • less
      • ₹30.00
      • more
      • ₹33.00
      • less
Question 10
10.
If the price of a commodity inclusive of sales tax is ₹13398.00, the rate of sales tax is 10.00% and the rate of discount is 13.00%, the sales tax =
  • ₹1218.00
  • ₹998.00
  • ₹1248.00
  • ₹1198.00
  • ₹1448.00