ICSE Class-10 Maths MCQ Type Questions for Sem-1. These MCQ / Objective Type Questions is based on latest reduced syllabus according 2021-22 session on bifurcated pattern. Main motto of MCQ Type Question is cracking the next upcoming exam of council. Visit official website CISCE for detail information about ICSE Board Class-10 Maths.
MCQ Type Questions ICSE Class-10 Maths for Sem-1
Board | ICSE |
Class | 10th ( x ) |
Subject | Maths |
Chapter | GST |
Syllabus | on bifurcated syllabus (after reduction) |
bifurcated pattern |
Semester-1 |
Session | 2021-22 |
Topic | MCQ / Objective Type Question |
Question-1. A shopkeeper buys an article from a wholesaler for 20000 and sells it to a consumer at 10% profit. If the rate of GST is 12%, find the tax liability of the shopkeeper.
(a) 2000
(b) 2200
(c)1100
(d) None of above
Answer-(b) 2200
CP of article = 20000
Profit = 10% profit
rate of GST is 12%
to find the tax liability first find Selling Price
SP= CP+ Profit
SP = 20000 + 20000 x 10/100
=20000 + 2000
= 22000
now the tax liability= output CGST + SGST- input CGST + SGST
22000 x5/100 + 22000 x5/100
1100 + 1100
2200
Question-2.
The printed price of an article is 50000. The wholesaler allows a discount of 10% to a shopkeeper. The shopkeeper sells the article to a consumer at 4% above the marked price. If the sales are intra-state and the rate of GST is 18%, find: the amount inclusive of tax (under GST) which the shopkeeper pays for the article
(a) 53100
(b) 5000
(c) 9000
(d) None of above
Answer-(a) 53100
The amount inclusive of tax (under GST) which the shopkeeper pays for the articles.
Rate of discount given by the wholesaler = 10%
CP of an article for shopkeeper = Marked price – Discount
= ₹50000 – 10% of ₹50000
= ₹50000 – (10/100) × 50000
= ₹50000 – 5000
= ₹45000
Amount of GST paid by dealer to wholesaler,
CGST = SGST = 9% of ₹45000
= (9/100) × 45000
= ₹4050
Amount paid by shopkeeper for an article = CP of an article for shopkeeper + CGST paid by consumer + SGST paid by consumer = ₹45000 + ₹4050 + ₹4050 = ₹53100
Question-3
A shopkeeper buys an article from a manufacturer for 12000 and marks up it price by 25%. The shopkeeper gives a discount of 10% on the marked up price and he gives further off-season discount of 5% on the balance to a customer of T.V. If the sales are intra-state and the rate of GST is 12%, find: the price inclusive of tax (under GST) which the consumer pays for the T.V
(a) 11080
(b) 1505
(c) 3425
(d) ₹14364
Answer-(d) ₹14364
It is a case of intra-state
Therefore SGST = CGST = ½ GST
Given:
The price inclusive of tax (under GST) which the consumer pays for the TV.
CP of an article for shopkeeper = ₹12000
Marked price of article = ₹12000 + 25% of ₹12000
= ₹12000 + (25/100) × 12000
= ₹15000
Amount of discount given by shopkeeper = 10% of ₹15000
= (10/100) × 15000
= ₹1500
Again, shopkeeper gives off season discount of 5% on the balance = 5% of (15000 – 1500) = (5/100) × 13500
= ₹675
CP of TV for consumer = ₹13500 – ₹675 = ₹12825
Amount of GST paid by consumer = 12% of ₹12825
= (12/100) × 12825
= ₹1539
The price inclusive of tax (under GST) which the consumer pays for the TV = ₹12825 + ₹1539 = ₹14364
Question-4
A shopkeeper in Delhi buys an article at the printed price of 24000 from a wholesaler in Mumbai. The shopkeeper sells the article to a consumer in Delhi at a profit of 15% on the basic cost price. If the rate of GST is 12%, find:
(i) the price inclusive of tax (under G5T) at which the shopkeeper bought the article.
(ii) the amount which the consumer pays for the article.
a) ₹26880 , ₹30912
(b) ₹25880 , ₹30912
(c) ₹26880 , ₹30902
(d) ₹26800 , ₹30902
Answer-a) ₹26880 , ₹30912
CP of an article for shopkeeper = ₹24000
Rate of GST = 12%
IGST collected by wholesaler from shopkeeper = 12% of ₹24000
= (12/100) × 24000
= ₹2880
The price inclusive of tax (under GST) at which the wholesaler bought the article =
CP of article for shopkeeper + IGST paid by shopkeeper to wholesaler = ₹24000 + ₹2880
= ₹26880
(ii) The amount which the consumer pays for the article.
CP of an article for shopkeeper = ₹24000
Profit on CP of article = 15% of CP
SP of an article by the shopkeeper to consumer = CP + Profit
= ₹24000 + 15% of ₹24000
= ₹24000 + (15/100) × 24000
= ₹24000 + 3600
= ₹27600
The amount which the consumer pays for the article = CP of article for consumer + CGST paid by the consumer + SGST paid by consumer =
₹27600 + 6% of ₹27600 + 6% of ₹27600 =
₹27600 + (6/100) × ₹27600 + (6/100) × ₹27600 = ₹27600 + ₹1656 + ₹1656
= ₹30912
Question-5.
Kiran purchases an article for * 5310 which includes 10% rebate on the marked price and 18% tax (under GST) on the remaining price. Find the marked price of the article.
a) ₹4500
b) ₹5000
c) ₹5500
d) ₹6000
Answer- b) ₹5000
Rate of GST = 18%
CP of an article = x – 10% of x
= x – (10/100)x
= 90x/100
= 9x/10
Amount of GST on CP of article = 18% of 9x/10
= (18/100) × 9x/10
Total CP of article = 9x/10 + [(18/100) × 9x/10] – 9x/10(1 + 18/100) – (118/100) × 9x/10
It is given that, CP of an article including tax = ₹5310
So,
(118/100) × 9x/10 = 5310
x = 5310 × (100/118) × (10/9)
= 5000
Read the following and then tick correct option of Q-6 to Q-11
A retailer purchases a fan for Rs 1500 from a wholesaler and sells t to a consumer at 10%profit if the sales are intra-state and the rate of GST is 12%, then choose the correct answer from the given four options for questions 1 to 6:
Question 6 The selling price of the fan by the retailer (excluding tax) is?
(a) Rs.1500
(b) Rs.1650
(c) Rs. 1848
(d) Rs. 1800
Answer (b) Rs.1650
Cost price of fan for retailer = ₹ 1500
Question 7 The selling price of the fan including tax (under GST) by retailer is?
(a) Rs.1650
(b) Rs.1800
(c) Rs.1848
(d) Rs.1830
Answer (c) Rs.1848
Given, GST (rate) = 12%
Question 8 The tax (under GST) paid by the wholesaler to the Central Government is ?
(a)Rs 90
(b)Rs 9
(c)Rs 99
(d) Rs 180
Answer (a)Rs 90
[SGST – CGST = ½ × rate of GST – 6%]
Question 9 The tax (under GST) paid by the retailer to the State Government ?
(a) Rs 99
(b) Rs 9
(c)Rs 18
(d)Rs 198
Answer (b) Rs 9
Amount of input SGST of the retailer = 6% of ₹ 1500
Amount of tax (under GST) paid by retailer to State Government = Output SGST – Input SGST
Question- 10 The tax (under GST) received by the Central Government is ?
(a)Rs 18
(b) Rs 198
(c) Rs 90
(d)Rs 99
Answer- (d)Rs 99
Amount of CGST paid by the retailer = Output CGST – Input CGST
= ₹ (99-90) = ₹9
Thus, amount of tax (under GST) received by Central Government
= CGST paid by distributor + CGST paid by retailer
= (6% of ₹1500) + 9
= 90 + 9 = ₹99
Question -11 The cost of the fan to the consumer inclusive of tax is ?
(a)Rs 1650
(b) Rs 1800
(c)Rs 1830
(d) Rs 1848
Answer -(d) Rs 1848
Here, selling price of fan = ₹1650
GST on fan = 12% of ₹1650
Read the following and then tick correct option of Q-12 to Q-16
A shopkeeper bought a TV from a distributor at a discount of 25% of the listed price of Rs 32000. The shopkeeper sells the TV to a consumer at the listed price. if the sales are intra-state and the rate of GST la 18%, then choose the correct er from the given four options for questions 7 to 11:
Question -12
The selling price of the TV including tax (under GST?) by the distributor is?
(a) Rs 32000
(b) Rs 24000
(c) Rs 28320
(4) Rs 26160
Answer- (c) Rs 28320
It is case of intra state
Discount = 32000 x 25/100
= 8000
SP= 32000-8000
=24000
SP with GST by distributor
24000 + 24000 x 18/100
=28320
Hence option (c) is correct
Question- 13 The tax (under GST) paid by the distributor to the State Government is
(a) Rs 4320
(b) Rs 2160
(c) Rs 2880
(d) Rs 720
Answer -(b) Rs 2160
Tax (under GST) paid by distributor to the State Government
= SGST = 9% of ₹24000
(a)Rs 720
(b)Rs 1440
(c) Rs 2880
(4)Rs 2160
Answer -(a) Rs 720
Amount of input CGST by the shopkeeper,
CGST = ₹2160, SGST = ₹2160
Amount of GST collected by the shopkeeper or paid by the consumer
= 18% of ₹32000
Amount of CGST paid by shopkeeper to Central Government = Output CGST – Input CGST
= 2880-2160 = ₹720
Question 15 The tax (under GST) received by the State Government is?
(a)Rs 5760
(b) Rs 4320
(c) Rs 1440
(d) Rs 2880
Answer (d) Rs 2880
Amount of SGST paid by Shopkeeper to state government = ₹ 720
∴ Total tax (under GST) received by State Government = ₹2160 +₹720 = ₹2880
Question -16 The price including tax (under GST) of the TV paid by the consumer is
(a)Rs 28320
(b) Rs 37760
(c) Rs 34880
(d) Rs 32000
Answer -(b) Rs 37760
Consumer buy on list price 32000
It is a case of intra-state transaction of goods and services.
SGST = CGST = ½ GST
Given:
The price inclusive of tax (under GST) which the consumer pays for the TV.
CP of an article for shopkeeper = ₹32000
SP of article = ₹32000 + 18% of ₹32000
= ₹32000 + (18/100) × 32000
= ₹32000 + 5760
= 37760
Question-17. Mukerjee purchased a movie camera for Rs 25488 which includes 10%rebate on the list price and 18% tax (under GST) on the remaining Price. Find the marked price of the camera.
(a)Rs 24000
(b) Rs 20000
(c) Rs 24500
(4) Rs 24300
Answer -(a)Rs 24000
Let the marked price of the camera = ₹100
Rebate of 10% = 10% discount = ₹10
Remaining (selling) price of the camera = ₹90
The rate of GST = 18%
So, tax (under GST) = 18% of ₹90 = ₹16.2
Total cost of the camera = Selling price + GST
= ₹90 + ₹16.2
= ₹106.20
Now,
Given purchase price = ₹25488
If purchase price is ₹106.20 then marked price is ₹100
So, if purchase price is ₹1 then marked price is ₹(100/ 106.20)
Thus, if purchase price is ₹25488 then marked price is
₹ {(100/106.20) x 25488} = ₹24000
Therefore, the marked price of the movie camera = ₹24000
Question 18 A computer mechanic in Delhi charges repairing cost from five different persons A, B, C, D and E with certain discounts. The repairing costs and the corresponding discounts are as given below :
Name of the person | A | B | C | D | E |
Repairing cost (in Rs.) | 5500 | 6250 | 4800 | 7200 | 3500 |
Discount % | 30 | 40 | 30 | 20 | 40 |
If the rate of GST is 18%, find the total money (including GST) received by the mechanic.
(a)Rs Rs. 22,207.6
(b) Rs 22107.6
(c) Rs 22205.6
(4) Rs 2203.6
Answer -(a) Rs. 22,207.6
Name of the person | Repairing cost (in Rs.) | Discount % | Discount | Selling price | CGST (9%) | SGST (9%) |
A | 5500 | 30 | 1650 | 3850 | 346.5 | 346.5 |
B | 6250 | 40 | 2500 | 3750 | 337.5 | 337.5 |
C | 4800 | 30 | 1440 | 3360 | 302.4 | 302.4 |
D | 7200 | 20 | 1440 | 5760 | 518.4 | 518.4 |
E | 3500 | 40 | 1400 | 2100 | 189 | 189 |
Total | 18,820 | 1693.8 | 1693.8 |
The total money (including GST) received by the mechanic is 18,820 + 1693.8 + 1693.8 = Rs. 22,207.6
Question 19
Find the amount of bill for the following inter-state transaction of goods/services. The GST rate is 18%.
Quantity (no. of items) | 35 | 47 | 20 |
MRP of each item (in Rs.) | 420 | 600 | 350 |
Discount % | 10 | 10 | 20 |
(a)Rs 52,165.8
(b) Rs 52,166.8
(c) Rs 52,167.8
(d) Rs. 52,168.8
Answer -(c) Rs 52,167.8
Quantity | MRP | Total MRP | Discount % | Discounted price | Selling price | CGST @ 9% | SGST
@ 9% |
35 | 420 | 14,700 | 10 | 1470 | 13,230 | 1190.7 | 1190.7 |
47 | 600 | 28,200 | 10 | 2820 | 25,380 | 2284.2 | 2284.2 |
20 | 350 | 7000 | 20 | 1400 | 5600 | 504 | 504 |
Total | 44,210 | 3978.9 | 3978.9 |
Amount of bill = Selling price + CGST + SGST
= 44,210 + 3978.9 + 3978.9
= Rs. 52,167.8
Question 20 The tax invoice of a telecom service in Meerut shows cost of services provided by it as Rs. 750. If the GST rate is 18%, find the amount of the bill.
(a)Rs 135 + 18% of 135
(b) Rs 175 + 18% of 750
(c) Rs 135 + 18% of 750
(d) Rs. 750 + 18% of 750
Answer -(d) Rs. 750 + 18% of 750
According to the question,
GST = 18% of 750
The amount of bill = 750 + 135 = Rs. 885
Question 21
Mr. Pankaj took Health Insurance Policy for his family and paid Rs. 900 as SGST. Find the total annual premium paid by him for this policy, rate of GST being 18%.
(a) Rs. 10,000
(b) Rs 11000
(c) Rs 12000
(d) Rs. 13000
Answer -(a) Rs. 10,000
Let the total annual premium paid by Mr. Pankaj be Rs. x. According to the question, 18% of x = SGST + CGST 18% of x = 1800 SGST = CGST
Question 22
Goods/services are sold from Kota (Rajasthan) to Mumbai for Rs. 20,000 and then from Mumbai to Pune. If the rate of GST is 12% and the profit made at Mumbai is Rs. 5000; find the net GST paid at Pune, if the dealer at Pune is the end-user.
(a) Rs. 6% of 20,000 , 6% of 20,000
(b) Rs. 6% of 20,000 , 6% of 25,000
(c) Rs Rs. 6% of 25,000 , 6% of 20,000
(d) Rs. 6% of 25,000 , 6% of 25,000
Answer -(d) Rs. 6% of 25,000 , 6% of 25,000
For the dealer in Mumbai (inter-state transaction)
CP = Rs. 20,000
IGST = 12% of Rs. 20,000 =
Profit = Rs. 5000
SP = Rs. 25,000
For the dealer in Pune (intra-state transaction)
CP = Rs. 25,000
CGST = 6% of 25,000 = Rs. 1500
SGST = 6% of 25,000 = Rs. 1500
GST payable by the end user at Pune = 1500 + 1500 = Rs. 3000
Question 23
For a dealer A, the list price of an article is Rs. 9000, which he sells to dealer B at some lower price. Further, dealer B sells the same article to a customer at its list price. If the rate of GST is 18% and dealer B paid a tax, under GST, equal to Rs. 324 to the government, find the amount (inclusive of GST) paid by dealer B.
(a) Rs. 8496
(b) Rs. 8400
(c) Rs 8490
(d) Rs. 8492
Answer -(a) Rs. 8496
Let A sells to dealer B at Rs. x lower price.
According to the question,
Net Tax paid by dealer B is
⇒ Out put tax – Input Tax = Rs. 324
⇒ 18% of 9000 – 18% of (9000 – x) = 324
⇒ 1620 – 1620 + 18% of x = 324
⇒ 18% of x = 324
⇒ x = 1800
Hence, selling price of B = 9000 – 1800 = Rs. 7200
The amount (inclusive of GST) paid by dealer B
= 7200 + 18% of 7200
= 7200 + 1296
= Rs. 8496
–: End of ICSE Class-10 GST MCQ Type Questions :-
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Please check the first questions answer, it should be 2640, as rates of GST would be divided into 6%+6%. Other question no. 8, answer should be 99 as 1650×3/100=99, so please check the above mistakes and update accordingly.
Thank You
ok update soon