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ICSE Class 10 Commercial Mathematics: GST, Banking & Shares — practice questions

Explore 152 free Commercial Mathematics: GST, Banking & Shares questions in ICSE Class 10 Mathematics. Open each question or exercise to read its content, reference answers and available explanation.

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Commercial Mathematics: GST, Banking & Shares questions and exercises with answers

Showing questions 1–30 of 152.

Work out the billRead the answer and worked solution →Price before taxRead the answer and worked solution →Which tax is whichRead the answer and worked solution →The sales tax sentenceRead the answer and worked solution →Tax facts, true or falseRead the answer and worked solution →Which bill is biggerRead the answer and worked solution →Match the tax termsRead the answer and worked solution →A ₹1,500 item has 8% GST. What is the total bill?Read the answer and worked solution →A same-state sale has 12% GST split equally as CGST and SGST. What are the two rates?Read the answer and worked solution →A ₹4,800 inter-state sale is charged 5% IGST. What is the bill total?Read the answer and worked solution →A ₹2,500 item is discounted by 10%, then taxed at 12%. What is the final price?Read the answer and worked solution →A ₹4,000 list price gets 15% off and then 5% GST. What is payable?Read the answer and worked solution →A bill including 18% GST is ₹2,360. What was its taxable price?Read the answer and worked solution →A product costs ₹1,250 before 12% GST. How much GST is charged?Read the answer and worked solution →A ₹3,000 item is sold at a 20% discount. What is its price before GST?Read the answer and worked solution →A ₹2,400 cost price earns 25% profit before GST. What is the selling price before tax?Read the answer and worked solution →A ₹3,000 pre-tax selling price gives a 10% loss on cost. What was the cost price?Read the answer and worked solution →A ₹5,000 item is discounted 10%, then charged 18% GST. Find the bill.Read the answer and worked solution →A same-state ₹800 item has 10% GST. What is each of CGST and SGST?Read the answer and worked solution →A ₹1,250 inter-state sale has 8% IGST. What tax is charged?Read the answer and worked solution →A seller has ₹360 output tax and ₹140 eligible input tax credit. What net tax is payable?Read the answer and worked solution →A shop paid ₹75 eligible input tax credit and owes ₹275 output tax. Find its net payment.Read the answer and worked solution →Output GST is ₹540 and net GST payable after eligible credit is ₹390. What credit was used?Read the answer and worked solution →A ₹2,000 item is sold after a ₹200 discount. GST is 5%. What is the final bill?Read the answer and worked solution →The pre-tax price is ₹1,600 and total GST is 18%. Find the consumer price.Read the answer and worked solution →A GST-inclusive bill at 5% is ₹2,100. Find the price before GST.Read the answer and worked solution →A ₹1,800 cost price is marked up by 20%, then taxed at 5%. Find the total.Read the answer and worked solution →A ₹2,500 bill includes 10% GST after a discount. What is the discounted pre-tax price?Read the answer and worked solution →A list price of ₹3,600 is discounted by 25%. What is the discounted price?Read the answer and worked solution →A ₹2,000 taxable price has 5% CGST and 5% SGST. What is the bill total?Read the answer and worked solution →

Worked practice questions

Work out the bill

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Questions
  1. Answer
    10
    Question
    Cost Rs 200, sales tax 5 per cent. Tax in rupees?
  2. Answer
    420
    Question
    Cost Rs 400, sales tax 5 per cent. Bill amount in rupees?
  3. Answer
    3000
    Question
    Paid Rs 3300 including 10 per cent tax. Price before tax?
Instructions
Work out the amount, key it in, then press enter.
_Source: syllabus Mathematics, 'Comparing Quantities' section 7.3 (hemh107)_

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Price before tax

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Questions
  1. Answer
    500
    Question
    Paid Rs 550 including 10 per cent tax. Price before tax?
  2. Answer
    600
    Question
    Paid Rs 648 including 8 per cent tax. Price before tax?
  3. Answer
    200
    Question
    Paid Rs 230 including 15 per cent tax. Price before tax?
Instructions
Work out the pre-tax price, key it in, then press enter.
_Source: syllabus Mathematics, 'Comparing Quantities' section 7.3 (hemh107)_

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Which tax is which

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Questions
  1. Question
    Tax added on top of the bill
    Choices
    1. VAT
    2. Discount
    3. Sales tax
    Correct choice
    Sales tax
  2. Question
    Tax already inside the price
    Choices
    1. VAT
    2. Rebate
    3. Sales tax
    Correct choice
    VAT
  3. Question
    Levied in India since July 2017
    Choices
    1. Octroi
    2. GST
    3. Toll
    Correct choice
    GST
  4. Question
    Bill amount equals cost plus
    Choices
    1. discount
    2. profit
    3. sales tax
    Correct choice
    sales tax
Instructions
Pick the right answer before the next one arrives.
_Source: syllabus Mathematics, 'Comparing Quantities' section 7.3 (hemh107)_

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