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# Selina Concise Mathematics - Part II Solution for Class 10 Mathematics Chapter 1 - Value Added Tax

## Selina Textbook Solutions Chapter 1 - Value Added Tax

Selina Textbook Solutions are a perfect way to ace your examination with high marks. These Textbook Solutions are extremely helpful for solving difficult questions in the ICSE Class 10 Mathematics exam. Our Selina Textbook Solutions are written by our subject experts. Find all the answers to the Selina textbook questions of Chapter 1 - Value Added Tax.

All Selina textbook questions of Chapter 1 - Value Added Tax solutions are created in accordance with the latest ICSE syllabus. These free Textbook Solutions for ICSE Class 10 Selina Concise Mathematics will give you a deeper insight on the fundamentals in this chapter and will help you to score more marks in the final examination. ICSE Class 10 students can refer to these solutions while doing their homework and while studying and revising for the Mathematics exam.

Exercise/Page

## Selina Concise Mathematics - Part II Solution for Class 10 Mathematics Chapter 1 - Value Added Tax Page/Excercise 1(A)

Solution 1

Sale price of watch= Rs540

Rate of sales tax= 8%

Total amount paid by Rajat= Rs540 + 8% of Rs540 = Rs540 + Rs43.20

= Rs583.20 Ans.

Solution 2

Sale price = Rs. 3,840

Sales tax paid= Rs. 345.60 Solution 3

Selling price of washing machine= Rs.13,530

Rate of sales tax = 10% Solution 4

Sale price of biscuits = Rs158

Rate of sales tax on biscuits= 6%

Amount paid for biscuits= Rs158 + 6% of Rs158 = Rs158 + Rs9.48

= Rs167.48

Sale price of cosmetic goods = Rs354

Rate of sales tax= 9%

Amount paid for cosmetic goods= Rs354 + 9% of Rs354 = Rs354 + Rs31.86

= Rs385.86

Total amount paid by Sarita= Rs167.48 + Rs385.86

= Rs553.34 Ans.

Solution 5 Solution 6

(i)

Total price paid for T.V. =Rs13,407

Rate of sales tax= 9%

Let sale price = Rs y

According to question New rate of sales tax= 13%

New total price for T.V. = Rs12,300+ 13% of Rs12,300 =Rs12,300 + Rs1,599

= Rs13,899

More money paid = Rs13,899 - Rs13,407= Rs492 Ans.

Solution 7

Let sale price of article = Rs y

Total price inclusive of sales tax= Rs8,250

Rate of sales tax= 10%

According to question (i)New rate of sales tax= 15%

New total price =Rs7,500+15% of Rs7,500 =Rs7,500 + Rs1,125=Rs8,625

More money paid = Rs8,625 - Rs8,250 = Rs375 Ans.

(ii)New rate of sales tax = 6%

New total price= Rs7,500 + 6% of Rs7,500 = Rs7,500 +Rs450 = Rs7,950

Less money paid = Rs8,250 - Rs7,950= Rs300 Ans.

(iii)New rate of sales tax=(10+2)%=12%

New total price= Rs7,500+ 12% of Rs7,500 = Rs7,500+ Rs900= Rs8,400

More money paid= Rs8,400 -Rs8,250= Rs150 Ans.

(iv)New rate of sales tax=(10-3)%= 7%

New total price = Rs7,500+ 7% of Rs7,500 = Rs7,500 + Rs525= Rs8,025

Less money paid = Rs8,250 -Rs8,025 = Rs225 Ans.

Solution 8

Price of bicycle inclusive of sales tax= Rs1,664

List price of bicycle = Rs1,600

(i)Sales tax= Rs1,664 - Rs1,600= Rs64 (ii)New rate of sales tax=(4+6)%=10%

New total price = Rs1,600+ 10% of Rs1,600 = Rs1,600 + Rs160

= Rs1,760 Ans.

Solution 9

Let the list price of T.V. = y

Sales tax when the rate is 9%=  Sale price is Sales tax when the rate is 6%=  Sale price is Differences of sale prices Savings for Geeta = 784.

Therefore, we have, Ans.

Solution 10

Purchase price= Rs1,800

Expenditure =Rs600

Total price= Rs1,800+ Rs600= Rs2,400

M.P. of article= Rs2,400+20% of Rs2400 =Rs2,400+Rs480=Rs2,880

Cost price for customer= Rs2,880+ 12% of Rs2,880 = Rs2,880+Rs345.60

= Rs3,225.60 Ans.

Solution 11

C.P. of an article = Rs800

Expenditure = Rs100

Total C.P.= Rs800+ Rs100= Rs900

Let sale price = Rs y

Sale price inclusive of sales tax= Rs1,287

Rate of sales tax=10%

Then y + 10% of y = Rs1,287 His profit = Rs1,170 - Rs900=Rs270 Solution 12

Marked price of article= Rs.6,000

Sale price after discount= Rs.6,000 - 15% of Rs.6,000

= Rs.6,000 - Rs.900

Rs.5,100

Rate of sales tax=10%

Cost price for customer= Rs.5,100 + 10% of Rs.5,100

= Rs.5,100+ Rs.510

= Rs.5,610

Solution 13

List price of T.V.= Rs24,000

Discount%= 8%

Season discount= 5%  Rate of sales tax= 10%

\Sales tax = Final price for customer= Rs20,976+ 10% of Rs20,976 = Rs20,976+ Rs2,097.60

= Rs23,073.60 Ans.

## Selina Concise Mathematics - Part II Solution for Class 10 Mathematics Chapter 1 - Value Added Tax Page/Excercise 1(B)

Solution 1

Purchase price for shopkeeper= Rs6,200

Sale price for shopkeeper= Rs8,500

Tax paid by the shopkeeper= 8% of 6,200

= Tax charged by the shopkeeper= 8% of 8,500 Then VAT paid by the shopkeeper= Rs680 - Rs496= Rs184 Ans.

Solution 2

Purchase price for A= Rs3,600

Tax paid by A= 10% of Rs3,600 Purchase price for B=Rs4,800

Tax paid by B to A= 10% of Rs4,800 Purchase price for C= Rs5,500

Tax paid by C to B= 10% of Rs5,500 VAT paid by A= Rs480 - Rs360= Rs120 Ans.

VAT paid by B= Rs550 - Rs480= Rs70 Ans.

Solution 3

Purchase price for manufacture = Rs60,000

Tax paid by manufacturer= 4% of Rs60,000 Sale price for manufacturer= Rs92,000

Tax charged by manufacturer= 12.5% of Rs92,000 VAT paid by manufacturer= Rs11,500 - Rs2,400

= Rs9,100 Ans.

Solution 4

Cost price for distributor= Rs6,000

Tax paid by distributor= 12.5% of Rs6,000 Sale price for distributor= Rs7,500

Tax charged by distributor= 12.5% of Rs7,500 VAT paid by distributor= Rs937.50 - Rs750

= Rs187.50 Ans.

Sale price for trader= Rs8,000

Tax charged by trader= 12.5% of Rs8,000 VAT paid by trader= Rs1,000 - Rs937.50 = Rs62.50 Ans.

Solution 5

Printed price of an article= Rs2,500

Sale price for wholesaler= Rs2,500 - 20% of Rs2,500 Tax charged by wholesaler=10% of Rs2,000 Cost price for retailer= Rs2,000+Rs200 = Rs2,200 Ans.

Tax charged by retailer=10% of Rs2,500 VAT paid by retailer= Rs250 - Rs200= Rs50 Ans.

Solution 6

Cost price for retailer= Rs800

Sales tax paid by retailer= 8% of Rs800 Sale price for retailer= Rs1,000

Tax charged by retailer= 8% of Rs1,000 Price paid by customer= Rs1,000+ Rs80= Rs1,080 Ans.

VAT paid by retailer= Rs80 - Rs64= Rs16 Ans.

Solution 7

Cost price of 15 articles= Rs840

Then cost price of 6 articles Sales tax paid by shopkeeper for 6 articles

= 8% of Rs336 Sale price of 6 articles= 6 x Rs65= Rs390

Tax charged by shopkeeper= 8% of Rs390 VAT paid by shopkeeper= Rs31.20 - Rs26.88= Rs4.32 Ans.

Solution 8

Sale price of an article for retailer= Rs900

Tax charged by retailer= 6% of Rs900 VAT paid by retailer= Rs4.80 Let cost price = Rs y Purchase price for retailer= Rs820 + Rs49.20= Rs869.20 Ans.

Solution 9

Marked price of an article= Rs5,000

Sale price for manufacturer= Rs5,000 - 25% of Rs5,000 Tax paid by wholesaler= 8% of Rs3,750 Sale price for wholesaler= Rs5,000 - 15% of Rs5,000 Tax paid by retailer= 8% of Rs4,250 Sale price for retailer= Rs5,000

Tax paid by customer= 8% of Rs5,000 VAT paid by wholesaler= Rs340 - Rs 300= Rs40 Ans.

VAT paid by retailer= Rs400 - Rs 340= Rs60 Ans.

Solution 10

Printed price of an article= Rs2,500

Purchase price for shopkeeper= Rs2,500 - 30% of Rs2,500 Tax paid by the shopkeeper= 8% of Rs1,750 Price paid by shopkeeper= Rs1,750+ Rs140= Rs1,890 Ans.

Sale price for shopkeeper= Rs2,500

Tax paid by customer= 8% of Rs2,500 Price paid by the customer=Rs2,500+ Rs200= Rs2,700 Ans.

VAT paid by the shopkeeper= Tax charged - Tax paid

= Rs200 - Rs140= Rs60 Ans.

Solution 11

Sale price of an article for retailer= Rs3,000

Tax charged by retailer= 12% of Rs3,000 VAT paid by retailer= Rs72 Let cost price = Rs y Purchase price for retailer= Rs2,400 + Rs288= Rs2,688 Ans.

Solution 12

Marked price of an article = Rs.10,000      VAT paid by wholesaler= Rs.960 - Rs.720= Rs.240

VAT paid by retailer= Rs.1080 - Rs.960= Rs.120

## Selina Concise Mathematics - Part II Solution for Class 10 Mathematics Chapter 1 - Value Added Tax Page/Excercise 1(C)

Solution 1

Let the marked price be Rs.x.

Rebate = 10% Sales tax= 6% The marked price of the computer is Rs.50,000.

Solution 2

Marked price of an article = Rs.500

Discount given by the wholesaler = 20%  Sales tax paid by the retailer = Rs.50

Sale price for the retailer= Rs.500 Price paid by the customer= Rs.500 + Rs.62.50= Rs.562.50

VAT paid by the retailer= Rs.62.50 - Rs.50= Rs.12.50

Solution 3

Selling price for the trader= Rs.4,500 VAT paid by trader= Rs.81 Let purchase price for trader = Rs.x Discount in price= Rs.4,500 - Rs.3,150= Rs.1,350 The trader get 30% article.

Money paid by the trader= Rs.3,150 + Rs.189 =  Rs.3,339.

Solution 4

Selling price for the retailer inclusive of sales tax = Rs.5,350

Rate of sales tax = 7%

Let sale price (list price) for the retailer be Rs.x Let purchase price for retailer= Rs.a

Profit %= 25% Discount = Rs.5,000 - Rs.4,000= Rs.1000 The retailer gets a discount of 20%.

Solution 5

Printed price of camera = Rs.1,600

Discount% = 20%  Purchase price for the shopkeeper

= Rs.1,280 + Rs.76.80 = Rs.1,356.80

Selling price for the shopkeeper = Rs.1,600 Purchase price for a customer= Rs.1,600 + Rs.96

= Rs.1,696

The price at which the camera can be bought from the shopkeeper is Rs.1,696.

VAT paid by the shopkeeper= Tax charged - Tax paid

= Rs.96 - Rs.76.80= Rs.19.20

The VAT (Value Added Tax) paid by the shopkeeper is Rs.19.20.

Solution 6

Purchase price for = Rs.8,000

Expense on transportation= Rs.1,000

Cost price for Tarun= Rs.8,000 + Rs.1,000= Rs.9,000

Marked price by Tarun= Rs.11,700 The customer's price= Rs.11,700 + Rs.1,170= Rs.12,870

Profit made by Tarun= Rs.11,700 - Rs.9,000= Rs.2,700 Tarun's profit is 30%.

Solution 7 Solution 8 Solution 9 Solution 10 Solution 11 Solution 12 Solution 13

Marked price (M.P.) of an article = Rs. 6,000

For dealer,

C.P. = Rs. 6,000 - 30% of Rs. 6,000 S.P. = Rs. 6,000 - 100% of Rs. 6,000 (i) C.P. for shopkeeper = Rs. 5,400

Thus, price paid by the shopkeeper including the tax

= Rs. 5,400 + 6% of Rs. 5,400

= Rs. 5,724

(ii) VAT paid by the dealer = Tax on S.P. - Tax on C.P.

= 6% of Rs. 5,400 - 6% of Rs. 4,200

= Rs. 324 - Rs. 252

= Rs. 72

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