S Chand ICSE Math Solutions For Class10 Chapter1 GST
Hii Student,Welcome to studyHub Blogs.In this post you will get S Chand Math solution for class 10 chapter 1 GST Exercise 1.This the new chapter GST-GOOD AND SERVICE TAX'Include in ICSE 2021 class 10 math syllbus
Thus, GST payable= outputGST-inputGST= 40500- 14400 = RS.26100
here, input GST is more than output GST.
thus, GST credit = inputGST-outputGST=16200-14040=RS.2160
Mrs Lata has a leather coat manufacture unit in state A.She buys raw materials worth Rs.80000 from a supplier from state B at a discount of 10%.she sells her product worth Rs.220000 outside the state. if the rate of CGST@ 2.5%,find the IGST payable/credit of Mrs.Lata.
S chand ICSE Math solution:
Price of raw material on 10% discount=80000(1-10/100)=72000.
price of final product(Leather coat)=220000
we are given, CGST=SGST=2.5%
Since sales are occurred in different states, IGST=CGST+SGST=5%
Input=5% on raw materials=5% of 72000x5/100=3600.
Output GST=18% on final product(shoes)=5% of 220000=220000x5/100=11000
Here,output GST is more than input GST.
Thus, GST Payable=Output GST-Input GST=11000-3600=Rs.7400.
S chand ICSE Math Solution for class10 Chapter 1 GST Exercise1:Ques No 4
Mrs salim a biscuit manufacture buys raw goods worth Rs 140000 from different markets within the state GST @ 5%.He sold packet biscuits worth Rs 210500 in the packet biscuits is 12%.Find the amount of IGST payable by him.
S chand ICSE Math solution:
Price of raw material = 140000
Price of final product=210500
Since sales are occurred in within the states,CGST=SGST=5%
Input GST=5% on raw material =5% of 140000=140000 x5/100=7000.
output GST=12%on final product= 12%of 210500=210500x12/100=25260
Here,output GST is more than input GST.
Thus,GST payable= output GST= 25260-7000=Rs.18260.
S Chand ICSE Math Solution for class10 Chapter 1 GST Exercise1:Ques No 5
A sewing machine manufacturer purchases raw material worth Rs.540000 for his manufacturing unit from outside the state.The rate of IGST is @ 12%. He produced two types of sewing machine, 50 type A whose base price is Rs.5000 GST @ 12% and 100 type B whose base price is Rs.10000 GST @ 18%.He has two clients outside the state and recived order for 10 type A and 20 type B only by the client X,and 10 each by client Y.
Find(i) inputGST(ii)outputGST,(iii)GST Payable/credit.
S Chand ICSE Math Solution :
Price of raw material=540000
Price of sewing machine of type A= 5000
Price of sewing machine of type B= 10000
Since sale are occurred in different state,
IGST or GST=12% on raw material and on sewing machine of type A and 18% on sewing machine of type B.
(i)Input GST = 12% on raw material = 12% of 540000 x 12/100 = 64800.
Client X order value = SP of 10 sewing Machine A and SP of 20 sewing Machine B
=(10 x 5000)+(20x10000)=50000+200000
Total SP of sewing Machine A = 50000 +50000 =100000
Total SP of sewing Machine B =200000 + 100000 = 300000
(ii) output GST = 12% on A + 18% B = (12% of 100000) + (18% of 300000) = (100000 x12/100) + (300000 x 18/100) 12000 + 54000 = 66000
Here,output GST is more than input GST
Thus,(iii)GST Payable =OutputGST- input GST =66000-64800=RS.1200
S Chand ICSE Solution for Class 10 Math GST Exercise 1:Ques No 6
The sales price of a washing machine, inclusive of GST is Rs.28320.If the SGST is charged at the rate of 9% of the list price, find the price of the washing machine.
S Chand ICSE Math Solution:
Let the price of washig machine is Rs.p.
Price of sewing machine of type A =5000
We are given,CGST = SGST=9%.Thus,IGST=CGST+SGST=18%
Now,Final Selling Price inclusive GST =283200.
Then, p(1 +18/100)=28320 =>P=(28320x100)/118=Rs.2400.
S Chand ICSE Maths Solution for Class 10 Chapter 1 GST Exercise 1:Ques No7
Radhika buys crockery having market price Rs. 4500. She gets a document of 12%. If the CGST is @ 6%, find the amount she is required to pay for the crockery. Also, find the amount of SGST.
S Chand ICSE Maths Solutions:
List Price of crockery=Rs. 4500
Selling Price of crockery on 12% discount=4500(1-12/100)=3960
We are given, CGST=SGST=6%. Thus, IGST+SGST=12%.
IGST Amount=3960x12/100=Rs.475.20
Final price to be paid by Radhika=3960+475.20= Rs. 4435.20
SGST Amount =(IGST Amount)/2=475.20/2= Rs. 237.6
S Chand ICSE Solution for Class 10 Maths GST Exercise 1:Ques No 8
The list price of a Dell laptop is Rs. 84000. The dealer gives a discount of 20% on the listed price. He also offers 10% additional discount on the balance.
However, GST @ 28% is charged on Laptop.
Find(i)the taxable amount. (ii)the total amount of GST the customer has to pay(iii) final price he has to pay to the dealer including GST.
S Chand ICSE Maths Solutions:
List Price of Dell laptop= Rs.84000
(i)Taxable Amount= Selling Price of Dell laptop after two discounts=84000(1-20/100)(1-10/100)=Rs. 60480
We are given GST=28%.
(ii)GST paid by customer=60480x28/100=Rs. 16934.40
(iii)Final price to be paid by customer=60480+16934.40=Rs. 77414.40
S Chand ICSE Maths Solution for Class 10 Chapter 1 GST Exercise 1:Ques No 9
Mrs. Sarita buys goods worth Rs 6500 from Easy day store. She gets a rebate of 10% on Rs 5000 as a member and a flat discount of Rs 50 on the remaining. If the GST is charged @ 18% find the total amount she has to pay for the goods.
S Chand ICSE Maths Solution:
List Price of goods=Rs. 6500
Since Sarita is a member of Easy day, Selling price for Sarita is
SP=5000(1-10/100)+(1500-50)=4500+1450=Rs. 5950
We are given GST=18%.
Final bill paid by Sarita is 5950(1+18/100)=Rs. 7021
S Chand ICSE Solution for Class 10 Maths GST Exercise 1:Ques No 10
A retail market up the price of his goods by 20% above the list price and offers two successive discount of 10% and 5% on the market up price. GST is @18% on the goods. Final the list price of goods if the consumer pays Rs 4671 as CGST. Also, find the final price consumer has to pay for the goods.
S Chand ICSE Maths Solutions:
Let the list price of goods=Rs. x
Then,the marked price of goods=x(1+20/100)
Selling price of goods=x(1+20/100)(1-10/100)(1-50/100)
Since GST=18%,so CGST=SGST=9%.
Now,CGST Amount=Rs.4671
= x(1+20/100)(1-10/100)(1-50/100)x9/100=4671
= x=50000.
Thus,the list price of goods is Rs. 50000.
Now, final bill paid by consumer is
Bill=Selling Price+GST Amount Paid
=50000(1+20/100)(1-10/100)(1-50/100)+(4671+4671)=Rs.60534.
S Chand ICSE Maths Solutions for Class 10 Chapter 1 GST Exercise 1:Ques No 11
Anil went to a shop to buy a bicycle costing Rs. 10620. The rate of CGST is 9%.He asks the shopkeeper to reduce the price of the bicycle to such an extent so that he has to pay Rs.10620 inclusive GST. Find the reduction needed in the price of the bicycle.
S Chand ICSE Maths Solutions:
Let the reduction price of bicycle=Rs. x,
Then,selling price of bicycle=Rs.(10620-x)
Since CGST=SGST=9%,so GST=CGST+SGST=18%.
Then, final bill paid by Anil is
(10620-x)(1+18/100)=10620
x=1620.
Therefore, required price is Rs.1620.
S Chand ICSE Solutins for Class 10 Maths GST Exercise 1:Ques No 12
The price of a mobile phone is Rs.32000 inclusive of 28% GST on the list price.Vineeta asks for a discount on the list price so that after changing the GST, the final price becomes the list price.
S Chand ICSE Maths Solutions:
Let the list price of mobile=Rs. x, Then,
x(1+28/100)=32000
x=25000
Let the discounted price on mobile=Rs.y.Then,
32000-y(1+28/100)=25000
y(1+28/100)=700
Thus,(i)Required amount of discount=Rs.7000.
This is discounted amount inclusive of GST.
Thus,(ii)SGST Amount=7000/2=Rs.3500.
S Chand ICSE Maths Solution for Class 10 Chapter 1 GST Exercise 1:Ques No 13
A calculator manufacturer's manufacturing cost of a calculator is Rs900.GST is 18%. He manufactured 120 such calculators. He marked up ech by 50% and sold to a dealer at a discount of 10%. Find the final price dealer paid for the calculators.Also find the total GST received by the State Government.
S Chand ISCE Maths Solutions:
The cost price of one calculator=Rs.900,
Then, the marked price of one calculator=900(1+50/100)=Rs. 1350
After 10% discount, selling price of one calculator=1350(1-10/100)=Rs.1215
Thus, selling price of 120 calculators=1215x120=Rs. 145800
Since GST is 18%,then final bill paid by dealer is
Bill Paid=145800(1+18/100)=Rs. 1720440.
GST is 18%, then CGST=SGST=9%.
Thus, Required SGST Amount=145800x9/100=Rs. 13122.
S Chand ICSE Solution for Class 10 Maths GST Exercise 1:Ques No 14
The manufacturer produces television sets at cost of Rs.32000. He sells it to distributor at a profit of Rs.2000,distributor sells it to a wholesaler at a profit of Rs.2500 and wholesaler sells to a retailer at a profit of Rs.3000.Finally retailer sells to consumer at a profit of Rs.3500 and rate of GST is18%.
Find, (i) the final amount which consumer pays for the article
(ii) total GST amount.
S Chand ICSE Maths Solutions:
Cost price of television for manufacturer=Rs.32000
Cost price of television for distributor=Rs.32000+Rs.2000=Rs.34000
Cost price of television for whole-seller=Rs.34000+Rs.2500=Rs.36500
Cost price of television for retailer=Rs.36500+Rs.3000=Rs.39500
Cost price of television for consumer=Rs.39500+Rs.3500=Rs.43000
Since GST is 18%,then
(i)final bill paid by consumer is 43000(1+18/100)=Rs.50740.
(ii)GST Amount=50740-43000=Rs.7740.
S Chand ICSE Maths Solutions for Class 10 Chapter 1 GST Exercise 1: Ques No 15
A
manufacturer washing machines at a cost of Rs.11000.He sells to B,and B
sells to C, C sells it to D.The GST rate is 28% and the profit is
Rs.1500 at each stage of selling.
Find, (i)the total amount of GST
(ii)the price including GST 'D' paid for the washig machine chain.
S Chand ICSE Maths Solutions:
Find cost price for D=Rs.(11000+1500+1500+1500)=Rs.15500
Since GST is 28%,then
(i)GST Amount=15500x28/100=Rs.4340.
(ii)final bill paid by D is(15500+4340)=Rs.19840.
S Chand ICSE Maths Solution for Class 10 Chapter 1 GST Exercise:1 Ques No 16
The manufacturer sold a TV to a wholesaler at a profit of Rs.1000, whose manufacturing cost is Rs.15000. The wholesaler sold it to at a trader at a profit Rs.1000.If the trader sold it to the customer at a profit Rs.1500.
Find,(i)Total GST collected by the State Government at the rate of 28%.
(ii)The amount that the customer paid for the TV.
S Chand ICSE Maths Solutions:
Final cost price of TV for customer=Rs.(15000+1000+1000+1500)=Rs.18500
Since GST is 28%, then CGST=SGST=14%
(i)SGST Amount=18500x14/100=Rs.2590.
(ii)final bill paid by customer is(18500+2590)=Rs.21090.
S Chand ICSE Maths Solution for Class 10 Chapter 1 GST Exercise:1 Ques No 17
Mr.TN Naim purchased sport bike for his son at a discount of 15%, having exshowroom price Rs.400500.Insurance cover preminm of the bike is 8% of the discounted value. The cost of accessories is Rs.20000.Dealer offered 5% discount on accessories.Rate of GST is 28% on the bike and 18% on the insurance premium and 12% on the accessories.
Find(i)Total amount of GST to(nearest rupee)
(ii)Total amount(to nearest rupee)including the insurance premium paid by Mr.TN Naim.
S Chand ICSE Maths Solutions:
Ex-showroom price of Sport bike=Rs.400500
After 15% discount,cost price of bike=400500(1-15/100)=400500x85/100=Rs.340425
Insurance cover premium=8% of 340425=8/100=Rs.27234
Cost price of Accessories=Rs.20000
After 5% discount,cost price of accessories=20000(1-5/100)=20000x95/100=Rs.19000
(i)Total amount of GST
=(GST 28% on the bike)+(GST 18% on the insurace premium)+(GST 12% on the accessories)=(340425x28/100)+(27234x18/100)+(19000x12/100)
=95319+4902.12+2280
=102501.12=Rs.102501(Approx)
(ii)Total amount including the insurance premium paid by Mr.TN Naim
=(Cost Price of the bike)+(Insurance premium)+(Cost price of the accessories)+(GST Amount)
=340425+27234+19000+102501=Rs.489160
S Chand ICSE Solutions for Class 10 Maths GST Exercise 1:Ques No 18
A person bought following stationary items.
Item Quantity Rate
Chelpark Ink 10 bottles Rs.85 each
Pens 6 dozens Rs.200 per dozens
Erasers 8 dozens Rs.50 per dozens
Sharpners 10 dozens Rs.40 per dozens
Pencils 12 dozens Rs.120 per dozens
If SGST is @2.5%, find the amount paid by for his purchase.Also find the amount of GST paid by him.
S Chand ICSE Maths Solutions:
Total price for the given items is:
Price=(85x10)+(6x200)+(8+50)+(10x40)+(12x120)=Rs.4290
Since CGST=SGST is 2.5%,then GST=CGST+SGST=5%.
Thus,GST Amout=5%of 4290=Rs.214.5.
And,Total Bill paid by customer=4290+214.5=Rs.4505.50.
S Chand ICSE Maths Solutions for Class 10 Chapter 1 GST Exercise 2:Ques No 19
Mrs.Gupta bought followig article from a departmental store.
Item Quantity Rate Per Disount GST Rate
Item(Rs)
Cosmetics 2 690 5% 18%
Tea Set 1 1500 10% 12%
Shirts 4 1200 10% 12%
Packed Dry 4 800 25% 18%
Fruits
Food Grains 1 560 10% NIL
Find (i)Tota amount of GST
(ii)Tota bill amount.
S Chand ICSE Maths Soutions:
After discount,
Cosmetic Price=(2x690)(1-5/100)=1311
Tea Set Price=(1x1500)(1-10/100)=1350
Shirts Price=(4x1200)(1-10/100)=4320
Packed Dry Fruits Price=(4x800)(1-25/100)=2400
Unpacked Dry Fruits Price=(1x560)(1-10/100)=504
Total Price=1311+1350+4320+2400+504=Rs.9885
(i)
GST Amount=(1311x18/100)+(1350x12/100)+(4320x12/100)+(2400x18/100)+0
=235.98+162+518.4+432=Rs.1348.38.
(ii)Total Bill Amount=9885+1348.38=Rs.11233.38.
S Chand ICSE Maths Solutions for Class 10 Chapter 1 GST Exercise 2:Ques No 20
Mr.Madhukar buys following goods from Big Bazar.
Item Cost Rate of GST Discout
Readymade Rs.4500 12% 10%
garments
Microwave Rs.25600 28% 25%
Stationery Rs.3400 5% NIL
Grocery Rs.2400 5% NIL
Bakery Items Rs.1200 NIL NIL
(Unpacked)
Find(i)Total taxable amount
(ii)Total discount amount
(iii)Total GST amount
(iv)Total bill amount.
S Chand ICSE Maths Soutions:
After discount,
Readymade Garments Price=4500(1-10/100)=4050
Microwave Price=25600(1-25/100)=19200
Stationary Price=3400
Grocery Price-2400
Bakery Price=1200
Total Price-4050+19200+3400+2400+1200=Rs.30250
(i)Total taxable amount=4050+19200+3400+2400=Rs.29050.
(ii)Total discounted amount=450+6400=Rs6850.
(iii)Total GST amount=486+5376+290=Rs.6152.
(iv)Total bill amount=30250+6152=Rs.36402.
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