ICSE Class 10 Commercial Mathematics: GST, Banking & Shares — practice questions — page 6

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 151–152 of 152.

Output GST ₹180; eligible credit ₹250. Excess is carried forward, no refund. Amount carried?Read the answer and worked solution →Item ₹800, repairs ₹200; profit 25% on total net cost, then 12% GST. Bill?Read the answer and worked solution →

Worked practice questions

Output GST ₹180; eligible credit ₹250. Excess is carried forward, no refund. Amount carried?

₹70
₹0
₹180
₹250

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Correct answer: A. ₹70

Using ₹180 of the eligible ₹250 credit leaves ₹70 to carry forward under the stated rule.

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Item ₹800, repairs ₹200; profit 25% on total net cost, then 12% GST. Bill?

₹1120
₹1400
₹1250
₹1500

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Correct answer: B. ₹1400

Total net cost is ₹1000, the pre-GST selling price is ₹1250, and 12% GST makes the bill ₹1400.

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