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 ₹15400.00 and the marked price is ₹14000.00, the rate of sales tax =
  • 5.00%
  • 13.00%
  • 7.00%
  • 15.00%
  • 10.00%
Question 2
2.
The price of a commodity inclusive of sales tax of 16.00% is ₹928.00. If the sales tax is increased to 31.00%, how much the customer has to pay ?
      • ₹120.00
      • more
      • ₹127.00
      • more
      • ₹127.00
      • less
      • ₹118.00
      • more
      • ₹120.00
      • less
Question 3
3.
A shopkeeper buys a product at a discount of 4.00% from a wholesaler. The printed price of the product is ₹16000.00 and the rate of sales tax paid is 5.00%. The shopkeeper sells it at the printed price and charges tax at the same rate. Find the VAT paid by the shopkeeper.
  • ₹31.00
  • ₹34.00
  • ₹33.00
  • ₹32.00
  • ₹30.00
Question 4
4.
A person wants to buy a commodity which costs ₹1391.00. The rate of sales tax is 7.00%. The person tells the shopkeeper to reduce the list price of the commodity such that he has to pay only ₹1391.00, inclusive of sales tax. Find the reduction needed in the price of the commodity.
  • ₹94.00
  • ₹96.00
  • ₹86.00
  • ₹88.00
  • ₹91.00
Question 5
5.
If the marked price of a commodity is ₹11000.00 and the rate of sales tax is 9.00%, the selling price including sales tax =
  • ₹12690.00
  • ₹11990.00
  • ₹11590.00
  • ₹10690.00
  • ₹13490.00
Question 6
6.
If the price of a commodity inclusive of sales tax is ₹16728.00, the marked price is ₹20000.00 and the rate of discount is 18.00%, the selling price =
  • ₹18000.00
  • ₹16400.00
  • ₹16100.00
  • ₹17600.00
  • ₹14900.00
Question 7
7.
If the price of a commodity inclusive of sales tax is ₹14998.40, the marked price is ₹16000.00 and the rate of discount is 14.00%, the sales tax =
  • ₹1378.40
  • ₹1018.40
  • ₹1238.40
  • ₹1208.40
  • ₹1498.40
Question 8
8.
If the price of a commodity inclusive of sales tax is ₹12879.00, the rate of sales tax is 6.00% and the rate of discount is 19.00%, the discount =
  • ₹2850.00
  • ₹2900.00
  • ₹2970.00
  • ₹2820.00
  • ₹2680.00
Question 9
9.
If the price of a commodity inclusive of sales tax is ₹10450.00, the rate of sales tax is 10.00% and the rate of discount is 5.00%, the selling price =
  • ₹9500.00
  • ₹9530.00
  • ₹9760.00
  • ₹9450.00
  • ₹9280.00
Question 10
10.
If the price of a commodity inclusive of sales tax is ₹16578.40, the marked price is ₹17000.00 and the rate of discount is 8.00%, the discount =
  • ₹1210.00
  • ₹1200.00
  • ₹1490.00
  • ₹1360.00