3 Marks Question - Maths STD 10 Questions - Vidyadip

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3 Marks Question

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65 questions · self-marked practice — reveal the answer and mark yourself.

Question 13 Marks

A ready-made garment shopkeeper gives 5% discount on the dress of Rs. 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer?

Answer

$\text { Printed price of shirt = Rs. } 1000 $
$\text { Rate of discount }=5 \% $
$\text { Discount given }=\frac{5}{100} \times 1000=\text { Rs. } 50 $
$\text { Discounted price }=(1000-50)=\text { Rs. } 950 $
$\text { Rate of GST }=5 \% $
$\text { Total GST }=\frac{\text { Rate OfGST }}{100} \times \text { Discounted Price } $
$\Rightarrow \text { Total GST }=\frac{\frac{1}{5}}{100} \times 950=\text { Rs. } 47.50 $
$\text { Purchase Price }=(950+47.5)=\text { Rs. } 997.50$

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Question 23 Marks

A dealer has given 10% discount on a showpiece of Rs. 25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST?

Answer

$\text { Printed price }=\text { Rs. } 25,000 $
$\text { Rate of discount }=10 \% $
$\text { Discount given }=\frac{10}{100} \times 25000=\text { Rs. 2,500 } $
$\text { Discounted price }=(25000-2500)=\text { Rs. } 22,500 $
$\text { Rate of GST }=28 \% $
$\text { Total GST }=\frac{\text { Rate } \text { OfGST }}{100} \times \text { Discounted Price } $
$\Rightarrow \text { Total GST }=\frac{28}{100} \times 22500=\text { Rs. } 6300 $
$\text { Total amount shown in the tax invoice }=(22500+6300)=\text { Rs. } 28,800 $
$\text { CGST }=\frac{\text { Total GST }}{2} $
$\Rightarrow \text { CGST }=\frac{6300}{2}=\text { Rs. } 3150 $
$\text { SGST }=\frac{\text { Total GST }}{2} $
$\Rightarrow \text { SGST }=\frac{6300}{2}=\text { Rs. } 3150$

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Question 33 Marks

If the face value of both the shares is same, then which investment out of the following is more profitable?
Company A : dividend 16%, MV = Rs. 80, Company B : dividend 20%, MV = Rs. 120.

Answer

Let FV = Rs. 100
Company A:
We know that dividend per share $= FV \times \frac{\text { dividend }}{100}$
∴ Dividend per share $=100 \times \frac{16}{100}$
= Rs. 16
Income on Rs. $1=\frac{16}{80}= Rs. 0.20$
Company B:
We know that dividend per share $=F FV \times \frac{\text { dividend }}{100}$
∴ Dividend per share $=100 \times \frac{20}{100}$
= Rs. 20
Income on Rs. $1=\frac{20}{120}=$ Rs. 0.16
∴ Investment of company A is more profitable than company B.

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Question 43 Marks

Shri Shantilal has purchased 150 shares of FV Rs. 100, for MV of Rs. 120. Company has paid dividend at 7%. Find the rate of return on his investment.

Answer

Given, number of shares = 150
FV = Rs. 100
MV = Rs. 120
Dividend = 7%
We know that investment = number of shares × MV
∴ Investment = 150 × 120
= Rs. 18, 000
We know that dividend per share $= FV \times \frac{\text { dividend }}{100}$
$\therefore$ Dividend per share $=100 \times \frac{7}{100}$
$=$ Rs. 7
$\therefore$ Total dividend received $=150 \times 7=$ Rs. 1050
We know that rate of return $=\frac{\text { Dividend income }}{\text { Investment }} \times 100$
$\therefore$ Rate of return $=\frac{1050}{18000} \times 100$
= 5.83%

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Question 53 Marks

Smt. Deshpande purchased shares of FV Rs. 5 at a premium of Rs. 20. How many shares will she get for Rs. 20,000?

Answer

We know that if MV > FV, then the share is at premium.
∴ MV = FV + Premium
⇒ MV = 5 + 20
= Rs. 25
We know that investment = number of shares × MV
Given, investment = Rs. 20, 000
$\therefore \text { Number of shares }=\frac{\text { Investment }}{ MV } $
$ \Rightarrow \text { Number of shares }=\frac{20000}{25}$
$ =800$

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Question 63 Marks

Joseph purchased following shares, Find his total investment.
Company A : 200 shares, FV = Rs. 2 Premium = Rs. 18.
Company B : 45 shares, MV = Rs. 500
Company C : 1 share, MV = Rs. 10,540.

Answer

Company A: Premium = Rs. 18

We know that if MV > FV, then the share is at premium.

∴ MV = FV + Premium

⇒ MV = 2 + 18 = Rs.20

We know that investment = number of shares × MV

∴ Investment in company A = 200 × 20

= Rs. 4000

Company B:

∴ Investment in company B = 45 × 500

= Rs. 22, 500

Company C:

∴ Investment in company C = 1 × 10, 540

= Rs. 10, 540

Joseph has invested 4000 + 22, 500 + 10, 540 = Rs. 37, 040

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Question 73 Marks

Amol purchased 50 shares of Face Value Rs. 100 when the Market value of the share was Rs. 80. Company had given 20% dividend. Find the rate of return on investment.

Answer

Given FV = Rs. 100; MV = Rs. 80; D = 20%
On investment of Rs. 80, Amol got Rs. 20.
Let rate of return be x%.
$\therefore \frac{20}{80}=\frac{x}{100} $
$ \Rightarrow \frac{1}{4}=\frac{x}{100} $
$ \therefore x=\frac{1 \times 100}{4}$
⇒ x = 25% (Rate of Return)

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Question 83 Marks

Complete the following table by writing suitable numbers and words.

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Question 93 Marks

Shri. Batliwala sold shares of Rs. 30,350 and purchased shares of Rs. 69,650 in a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST was charged on brokerage. Find his total expenditure on brokerage and tax.

Answer

Selling Price = Rs. 30,350
Rate of brokerage = 0.1%
$\text { Brokerage when sold }=\frac{\text { Rate of Brokerage }}{100} \times \text { Selling Price }=\text { Rs. } 30.35 $
$ \text { Purchase price }=\text { Rs. } 69,650 $
$\text { Brokerage when purchased }=\frac{\text { Rate of Brokerage }}{100} \times \text { Purchasing Price }=\text { Rs. } 69.65$
$ \text { Total Brokerage }=\text { Rs. } 100 $
$ \text { Rate of GST }=18 \% $
$ \text { Total GST }=\frac{\text { Rate of GST }}{100} \times \text { Brokerage }=\text { Rs. } 18$
Total expenditure on Brokerage and GST = (100 + 18) = Rs. 118

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Question 103 Marks

Market value of shares and dividend declared by the two companies is given below. Face Value is same and it is Rs. 100 for both the shares. Investment in which company is more profitable?
(1) Company A - Rs. 132 , 12%
(2) Company B - Rs. 144, 16%

Answer

Face Value = Rs. 100
Market value of Company A share = Rs. 132
Rate of Dividend = 12%
Dividend $=\frac{\text { Rate of Dividend }}{100} \times$ Face Value
$\Rightarrow$ Dividend of Company A share $=\frac{12}{100} \times 100=$ Rs. 12
Market value of Company B share $=$ Rs. 144
Rate of Dividend of Company B share $=16 \%$
Dividend $=\frac{\text { Rate of Dividend }}{100} \times$ Face Value
$\Rightarrow$ Dividend $=\frac{16}{100} \times 100=$ Rs. 16
Return $\%$ of Company $A=\frac{\text { Dividend of Company } A}{\text { Market Value }} \times 100=9.09 \%$
Return $\%$ of Company B $=\frac{\text { Dividend of Company B }}{\text { Market Value }} \times 100=11.1 \%$
Return % of Company B is more so company B is more profitable.

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Question 113 Marks

Smt. Mita Agrawal invested Rs. 10,200 when MV of the share is Rs. 100. She sold 60 shares when the MV was Rs. 125 and sold remaining shares when the MV was Rs. 90. She paid 0.1% brokerage for each trading. Find whether she made profit or loss? and how much?

Answer

Amount Invested = Rs. 10,200
Market value when purchased = Rs. 100
Rate of Brokerage = 0.1%
Brokerage when purchased $=\frac{\text { Rate of Brokerage }}{100} \times$ Market value when purchased
Brokerage when purchased $=\frac{0.1}{100} \times 100=$ Rs. 0.1
Brokerage when sold $=\frac{\text { Rate of Brokerage }}{100} \times$ Market value when sold
Brokerage when sold for first 60 shares $=\frac{0.1}{100} \times 125=$ Rs. 0.125
Brokerage when remaining shares are sold $=\frac{0.1}{100} \times 90=$ Rs. 0.09
No. of shares Purchased $=\frac{\text { Amount Invested }}{\text { Market value when purchased }}=102$
No. of shares sold when M.V. is Rs. 125 = 60
No. of shares sold when M.V. is Rs. 90 = (102-60) = 42
Total amount returned = (60× 125) + (42× 90) = Rs. 11,280
Total brokerage paid = (0.1×102) + (0.125×60) + (0.09×42) = Rs. 21.48
Total profit = ( Total amount returned- Amount Invested- Total brokerage paid) = Rs. 1058.52

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Question 123 Marks

Amir Enterprise purchased chocolate sauce bottles and paid GST of Rs. 3800. He sold those bottles to Akbari Bros. and collected GST of Rs. 4100. Mayank Food Corner purchased these bottles from Akabari Bros and paid GST of Rs. 4500. Find the amount of GST payable at every stage of trading and hence find payable CGST and SGST.

Answer

Amir Enterprise:

Input GST = Rs.3800

Output GST = Rs. 4100

∴ GST Payable = Output Tax – ITC

= 4100 – 3800 = Rs. 300

We know that CGST and SGST are components of GST.

CGST is always equal to SGST

i.e. GST = CGST + SGST

Let CGST and SGST be x.

Then GST = x + x

⇒ 300 = 2x

⇒ x = 150

∴ CGST, SGST = Rs. 150

Akbari Bros:

Input GST = Rs. 4100

Output GST = Rs. 4500

∴ GST Payable = Output Tax – ITC

= 4500 – 4100 = Rs. 400

We know that CGST and SGST are components of GST.

CGST is always equal to SGST

i.e. GST = CGST + SGST

Let CGST and SGST be x.

Then GST = x + x

⇒ 400 = 2x

⇒ x = 200

∴ CGST, SGST = Rs. 200

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Question 133 Marks

Prashant bought 50 shares of FV Rs. 100, having MV Rs. 180. Company gave 40% dividend on the shares. Find the rate of return on investment.

Answer

Face Value = Rs. 100
Market value = Rs. 180
Rate of Dividend = 40%
$\text { Dividend }=\frac{\text { Rate of Dividend }}{100} \times \text { Face Value } $
$\Rightarrow \text { Dividend }=\frac{40}{100} \times 100=\text { Rs. } 40$
No. of shares brought $=50$
Total investment $=(50 \times 180)=$ Rs. 9000
Total profit $=(40 \times 50)=$ Rs. 2000
$\text { Rate of Return }=\frac{\text { Total Profit }}{\text { Total investment }} \times 100=22.2 \%$

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Question 143 Marks

Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs. 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(1) Rate of SGST
(2) Rate of GST on AC
(3) Taxable value of AC
(4) Total amount of GST
(5) Amount of CGST
(6) Amount of SGST

Answer

Given rate of CGST of AC = 14%
(1) We know that CGST and SGST are components of GST.
CGST is always equal to SGST.
∴ SGST = 14%
(2) We know that GST = CGST + SGST.
GST = 14% + 14% = 28%
(3) We know that Total Value (with GST) = Taxable Value + GST
Given total value (with GST) = Rs. 51, 200
Let taxable value = x
∴ 51200 = x + 28% of x
$= x + \frac{28}{100} \times x$
= x + 0.28x
⇒ 51200 = 1.28x
⇒ x = $\frac{51200}{1.28}$ = 40000
∴ x = Taxable Value = Rs. 40, 000
(4) We know that total GST = GST of Taxable value
∴ GST = 28% of 40, 000
$= \frac{28}{100} \times 40000$
= Rs. 11, 200
(5) We know that CGST and SGST are components of GST.
CGST is always equal to SGST
i.e. GST = CGST + SGST
Let CGST and SGST be x.
Then GST = x + x
⇒ 11200 = 2x
⇒ x = 5600
Hence CGST = Rs. 5600
(6) ∴ SGST = Rs. 5600

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Question 153 Marks

The total value (with GST) of a remote-controlled toy car is Rs. 1770. Rate of GST is 18% on toys. Find the taxable value, CGST and SGST for this toy-car.

Answer

We know that Total Value (with GST) = Taxable Value + GST
Given total value (with GST) = Rs. 1770
Let taxable value = x
∴ 1770 = x + 18% of x
$= x + \frac{18}{100} \times x$
= x + 0.18x
⇒ 1770 = 1.18x
⇒ x = $\frac{1770}{1.18}$= 1500
∴ x = Taxable Value = Rs. 1500
We know that CGST and SGST are components of GST.
CGST is always equal to SGST
i.e. GST = CGST + SGST
Let CGST and SGST be x.
Then GST = x + x
⇒ 18 = 2x
⇒ x = 9%
Hence CGST, SGST = 9%
We know that CGST = $\frac{CGST\%}{100} \times Taxable\ value$
⇒ CGST = $\frac{9}{100} \times 1500$
= Rs. 135
∵ CGST = SGST
∴ SGST = Rs. 135

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Question 163 Marks

A dealer supplied Walky-Talky set of Rs. 84,000 (with GST) to police control room. Rate of GST is 12%. Find the amount of state and central GST charged by the dealer. Also find the taxable value of the set.

Answer

Let taxable value be x
Rate of GST = 12%
Selling price = Rs. 84,000
$\frac{12}{100} \times x + x =84000 $
$ \Rightarrow 1.12 x =84000 $
$\Rightarrow x =\frac{84000}{1.12}=\text { Rs. } 75,000 $
$ \text { Total GST charged }=(84000-75000)=\text { Rs. } 9000 $
$ \text { CGST }=\frac{\text { Total GST }}{2}$
$\Rightarrow \text { CGST }=\frac{9000}{2}=\text { Rs. } 4500 $
$ \text { SGST }=\frac{\text { Total GST }}{2} $
$ \Rightarrow \text { SGST }=\frac{9000}{2}=\text { Rs. } 4500$

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Question 173 Marks

A company provided Z-security services for the taxable value of Rs. 64,500. Rate of GST is 18%. Company had paid GST of Rs. 1550 for laundry services and uniforms etc. What is the amount of ITC (input Tax Credit)? Find the amount of CGST and SGST payable by the company.

Answer

Input Tax(ITC) = Rs. 1550
Selling Price = Rs. 64,500
$\text { Output Tax }=\frac{\text { Rate OfGST }}{100} \times \text { Selling Price }$
$\Rightarrow \text { Output Tax }=\frac{18}{100} \times 64500=\text { Rs. } 11610$
$ \text { Total GST Payable }=(\text { Output tax-ITC })=(11610-1550)=\text { Rs. } 10060 $
$ \text { CGST }=\frac{\text { Total GST }}{2} $
$ \Rightarrow \text { CGST }=\frac{10060}{2}=\text { Rs. } 5030$
$ \text { SGST }=\frac{\text { Total GST }}{2} $
$ \Rightarrow \text { SGST }=\frac{10060}{2}=\text { Rs. } 5030$

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Question 183 Marks

Mr. Rohit is a retailer. He paid GST of ₹ 6500 at the time of purchase. He collected GST of ₹ 8000 at the time of sale. (i) Find his input tax and out put tax. (ii) What is his Input tax credit ? (iii) Find his payable GST. (iv) Hence find the payable CGST and payable SGST.

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Question 193 Marks

Pankajrao invested ₹ $1,25,295$ in shares of FV ₹ $10$ when MV is ₹$125.$ Rate of brokerage is $0.2\%$ and GST is $18\%.$ Then find $(1)$ How many shares were purchased. $(2)$ the amount of brokerage paid and $(3)$ GST paid for the trading.

Answer

$\text {Sum invested }=₹ 1,25,250, \text { brokerage }=0.2 \%, \text { GST rate }=18 \%$
$\therefore \text { Brokerage per share }=125 \times \frac{0.2}{100}=₹ 0.25 .$
$\text { GST per share on brokerage }=18 \% \text { of } 0.25=₹ 0.045$
$\therefore \text { Cost of } 1 \text { share }=\mathrm{MV}+\text { Brokerage }+\mathrm{GST}$
$ =125+0.25+0.045=₹ 125.295 .$
$\therefore \text { No. of shares } =\frac{125250}{125.25}=1000$
Total brokerage $=$ brokerage per share $\times$ No. of shares
$\therefore$ Total brokerage $=0.25 \times 1000=₹ 250$.
Total GST $=1000 \times 0.045=₹ 45$.

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Question 203 Marks

If 50 shares of FV ₹10 were purchased for MV of ₹25. Company declared 30% dividend on the shares then find (1) Sum investment (2) Dividend received (3) Rate of return.

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Question 213 Marks

Neel has invested in shares as follows. Find his total investment.
Company A : 350 shares, FV = ₹ 10, premium = ₹ 7
Company B : 2750 shares, FV = ₹ 5, Discount = ₹ 1.
Company C : 50 shares, FV = ₹ 100, MV = ₹ 150.

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Question 223 Marks

Mr. Chavan purchased 100 shares of ₹ 100 face value at ₹ 150 market value. He paid $0.2 \%$ brokerage and GST $18 \%$ on brokerage. Then, find his total investment on 100 shares.

Answer

₹ 15035.4

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Question 233 Marks

Mrs. Sita invested ₹ 92,124 in shares of face value ₹ 10 each at ₹ 90 market value. She paid 2 % brokerage and 18 % GST on it. Company declared a dividend of 60 % on then. Find her dividend.

Answer

₹ 6000

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Question 243 Marks

If 500 shares of face value ₹ 100 were sold at ₹ 50 premium, then how much amount is obtained?

Answer

₹ 75,000

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Question 253 Marks

A share of the value ₹ 100 was purchased for ₹ 175. The company declared a dividend of $30 \%$. What is the rate of return on investment ?

Answer

$17.14 \%$

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Question 263 Marks

Mr. Gokhale invested ₹ 22,500 in shares of face value ₹ 100 at market value ₹ 125. If the company declared $60 \%$ dividend at the end of the year, what was the income from dividend?

Answer

₹ 10,800

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Question 273 Marks

From the information, prepare the tax invoice for business to customer. (B2C)
Write any name, address, date, etc.
Supplier: M/s _____ Address ______ Date _____.
Invoice No. _______ GSTIN ______ .
Name of products:
(i) Jam bottle ₹ 75,1 piece, Rate of GST $12 \%$, HSN1207
(ii) Honey bottle ₹ 60, 1 piece, Rate of GST $5 \%$, HSN3607
(iii) Perfume bottle ₹ 225, 1 piece, Rate of GST $18 \%$, HSN9319

Answer

SELF

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Question 283 Marks

From the given information, prepare the tax invoice for Business to Business (B2B). Write any name, address, date, etc.
Supplier : Name, Address, State, GSTIN, Invoice number, date
Receiver : Name, address, State, GSTIN
Name of products:
(i) Compass box : 100, HSN 3497, ₹ 60 , GST 12 %
(ii) Writing Pads : 50, HSN 9607, ₹ 35, GST 12 %

Answer

SELF

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Question 293 Marks

Disha purchased some beauty products and paid GST of ₹ 1500 . She sold all the beauty products to one customer and collected GST of ₹ 1700. Find the CGST and SGST to be paid.

Answer

CGST = SGST = ₹ 100

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Question 303 Marks

'Sadhana Electronics' sold a dish washer to a customer. The total cost price including GST is ₹ 8960. The rate of GST on dish water is $28 \%$Find (i) Amount of GST (ii) Amount of SGST (iii) Taxable price

Answer

Taxable price $=₹ 7000$, Amount of GST $=₹ 1960$, Amount of SGST = ₹ 980

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Question 313 Marks

Make a list of ten services and their GST rates as per activity 1. (e.g. Railway and ST bus booking services etc.) You can also collect service bills and complete the given information

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Question 323 Marks

Make a list of ten things you need in your daily life. Find the GST rates with the help of GST rate chart given in the textbook, news papers or books, internet, or the bills of purchases. Verify these rates with the list prepared by your friends.

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Question 333 Marks

Complete the given table by writing remaining SAC and HSN codes with rates and add some more items in the list.

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Question 343 Marks

Fill in the blanks with the help of given information for the table given below.

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Question 353 Marks

Observe the given bill and fill in the boxes with the appropriate number.

Answer

i. Price of 1 kg of Pedhe is ₹ 400, therefore cost of 500 gm. of Pedhe is ₹ 200.
CGST for pedhe at the rate of 2.5% is ₹ [5] and SGST at the rate of [2.5| % is ₹ 5.00. It means that the rate of GST on Pedhe is 2.5% + 2.5% = 5% and hence the total GST is ₹ 10.
ii. The rate of GST on chocolate is [28] % and hence the total GST is ₹ [22.40]
iii. Rate of GST on Ice-cream is [18] %, hence the total cost of ice-cream is ₹ 236
iv. On butter CGST rate is [6] % and SGST rate is also [6] %. So GST rate on butter is [12]%.

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Question 363 Marks

Shri. Batliwala sold shares of Rs. 30,350 and purchased shares of Rs. 69,650 in a day. He paid brokerage at the rate of 0.1% on sale and purchase. 18% GST was charged on brokerage. Find his total expenditure on brokerage and tax.

Answer

Selling Price = Rs. 30,350
Rate of brokerage $=0.1 \%$
Brokerage when sold $=\frac{\text { Rate of Brokerage }}{100} \times$ Selling Price $=$ Rs. 30.35
Purchase price $=$ Rs. 69,650
Brokerage when purchased $=\frac{\text { Rate of Brokerage }}{100} \times$ Purchasing Price $=$ Rs. 69.65
Total Brokerage $=$ Rs. 100
Rate of GST $=18 \%$
Total GST $=\frac{\text { Rate of GST }}{100} \times$ Brokerage $=$ Rs. 18
Total expenditure on Brokerage and GST $=(100+18)=$ Rs. 118

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Question 373 Marks

Market value of shares and dividend declared by the two companies is given below. Face Value is same and it is Rs. 100 for both the shares. Investment in which company is more profitable?
(1) Company A - Rs. 132 , 12%
(2) Company B - Rs. 144, 16%

Answer

$\begin{array}{l}\text { Face Value }=\text { Rs. } 100 \\
\text { Market value of Company A share }=\text { Rs. } 132 \\
\text { Rate of Dividend }=12 \% \\
\text { Dividend }=\frac{\text { Rate of Dividend }}{100} \times \text { Face Value } \\
\Rightarrow \text { Dividend of Company A share }=\frac{12}{100} \times 100=\text { Rs. } 12 \\
\text { Market value of Company B share }=\text { Rs. } 144 \\
\text { Rate of Dividend of Company } B \text { share }=16 \% \\
\text { Dividend }=\frac{\text { Rate of Dividend }}{100} \times \text { Face Value } \\
\Rightarrow \text { Dividend }=\frac{16}{100} \times 100=\text { Rs. } 16 \\
\text { Return } \% \text { of Company A }=\frac{\text { Dividend of Company A }}{\text { Market Value }} \times 100=9.09 \% \\
\text { Return } \% \text { of Company B }=\frac{\text { Dividend of Company B }}{\text { Market Value }} \times 100=11.1 \%
\end{array}$
Return \% of Company B is more so company B is more profitable.

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Question 383 Marks

Smt. Mita Agrawal invested Rs. 10,200 when MV of the share is Rs. 100. She sold 60 shares when the MV was Rs. 125 and sold remaining shares when the MV was Rs. 90. She paid 0.1% brokerage for each trading. Find whether she made profit or loss? and how much?

Answer

Amount Invested = Rs. 10,200
Market value when purchased = Rs. 100
Rate of Brokerage $=0.1 \%$
Brokerage when purchased $=\frac{\text { Rate of Brokerage }}{100} \times$ Market value when purchased
Brokerage when purchased $=\frac{0.1}{100} \times 100=$ Rs. 0.1
Brokerage when sold $=\frac{\text { Rate of Brokerage }}{100} \times$ Market value when sold
Brokerage when sold for first 60 shares $=\frac{0.1}{100} \times 125=$ Rs. 0.125
Brokerage when remaining shares are sold $=\frac{0.1}{100} \times 90=$ Rs. 0.09
No. of shares Purchased $=\frac{\text { Amount Invested }}{\text { Market value when purchased }}=102$
No. of shares sold when M.V. is Rs. $125=60$
No. of shares sold when M.V. is Rs. $90=(102-60)=42$
Total amount returned $=(60 \times 125)+(42 \times 90)=$ Rs. 11,280
Total brokerage paid $=(0.1 \times 102)+(0.125 \times 60)+(0.09 \times 42)=$ Rs. 21.48
Total profit $=($ Total amount returned- Amount Invested- Total brokerage paid $)=$ Rs. 1058.52

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Question 393 Marks

Prashant bought 50 shares of FV Rs. 100, having MV Rs. 180. Company gave 40% dividend on the shares. Find the rate of return on investment.

Answer

Face Value = Rs. 100
Market value $=$ Rs. 180
Rate of Dividend $=40 \%$
$\begin{array}{l}
\text { Dividend }=\frac{\text { Rate of Dividend }}{100} \times \text { Face Value } \\
\Rightarrow \text { Dividend }=\frac{40}{100} \times 100=\text { Rs. } 40
\end{array}$
No. of shares brought $=50$
Total investment $=(50 \times 180)=$ Rs. 9000
Total profit $=(40 \times 50)=$ Rs. 2000
$\text { Rate of Return }=\frac{\text { Total Profit }}{\text { Total investment }} \times 100=22.2 \%$

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Question 403 Marks

A dealer supplied Walky-Talky set of Rs. 84,000 (with GST) to police control room. Rate of GST is 12%. Find the amount of state and central GST charged by the dealer. Also find the taxable value of the set.

Answer

Let taxable value be $x$
Rate of GST $=12 \%$
Selling price $=$ Rs. 84,000
$\begin{array}{l}
\frac{12}{100} \times x+x=84000 \\
\Rightarrow 1.12 x=84000 \\
\Rightarrow x=\frac{84000}{1.12}=\text { Rs. } 75,000
\end{array}$
Total GST charged $=(84000-75000)=$ Rs. 9000
$\begin{array}{l}
\text { CGST }=\frac{\text { Total GST }}{2} \\
\Rightarrow \text { CGST }=\frac{9000}{2}=\text { Rs. } 4500 \\
\text { SGST }=\frac{\text { Total GST }}{2} \\
\Rightarrow \text { SGST }=\frac{9000}{2}=\text { Rs. } 4500
\end{array}$

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Question 413 Marks

A company provided Z-security services for the taxable value of Rs. 64,500. Rate of GST is 18%. Company had paid GST of Rs. 1550 for laundry services and uniforms etc. What is the amount of ITC (input Tax Credit)? Find the amount of CGST and SGST payable by the company.

Answer

$\begin{array}{l}\text { Input Tax }(\text { ITC })=\text { Rs. } 1550 \\ \text { Selling Price }=\text { Rs. } 64,500 \\ \text { Output Tax }=\frac{\text { Rate OfGST }}{100} \times \text { Selling Price } \\ \Rightarrow \text { Output Tax }=\frac{18}{100} \times 64500=\text { Rs. } 11610 \\ \text { Total GST Payable }=(\text { Output tax-ITC })=(11610-1550)=\text { Rs. } 10060 \\ \text { CGST }=\frac{\text { Total GST }}{2} \\ \Rightarrow \text { CGST }=\frac{10060}{2}=\text { Rs. } 5030 \\ \text { SGST }=\frac{\text { Total GST }}{2} \\ \Rightarrow \text { SGST }=\frac{10060}{2}=\text { Rs. } 5030\end{array}$

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Question 423 Marks

A ready-made garment shopkeeper gives 5% discount on the dress of Rs. 1000 and charges 5% GST on the remaining amount, then what is the purchase price of the dress for the customer?

Answer

Printed price of shirt $=$ Rs. 1000
Rate of discount $=5 \%$
Discount given $=\frac{5}{100} \times 1000=$ Rs. 50
Discounted price $=(1000-50)=$ Rs. 950
Rate of GST $=5 \%$
Total GST $=\frac{\text { Rate OfGST }}{100} \times$ Discounted Price
$\Rightarrow$ Total GST $=\frac{5}{100} \times 950=$ Rs. 47.50
Purchase Price $=(950+47.5)=$ Rs. 997.50

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Question 433 Marks

A dealer has given 10% discount on a showpiece of Rs. 25,000. GST of 28% was charged on the discounted price. Find the total amount shown in the tax invoice. What is the amount of CGST and SGST?

Answer

$\begin{array}{l}\text { Printed price }=\text { Rs. } 25,000 \\ \text { Rate of discount }=10 \% \\ \text { Discount given }=\frac{10}{100} \times 25000=\text { Rs. } 2,500 \\ \text { Discounted price }=(25000-2500)=\text { Rs. } 22,500 \\ \text { Rate of GST }=28 \% \\ \text { Total GST }=\frac{\text { Rate OfGST }}{100} \times \text { Discounted Price } \\ \Rightarrow \text { Total GST }=\frac{28}{100} \times 22500=\text { Rs. } 6300 \\ \text { Total amount shown in the tax invoice }=(22500+6300)=\text { Rs. } 28,800 \\ \text { CGST }=\frac{\text { Total GST }}{2} \\ \Rightarrow \text { CGST }=\frac{6300}{2}=\text { Rs. } 3150 \\ \text { SGST }=\frac{\text { Total GST }}{2} \\ \Rightarrow \text { SGST }=\frac{6300}{2}=\text { Rs. } 3150\end{array}$

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Question 443 Marks

If the face value of both the shares is same, then which investment out of the following is more profitable?
Company A : dividend 16%, MV = Rs. 80, Company B : dividend 20%, MV = Rs. 120.

Answer

Given, number of shares $=150$
$\begin{array}{l}
F V=R s .100 \\
M V=\text { Rs. } 120
\end{array}$
$\text { Dividend }=7 \%$
We know that investment $=$ number of shares $\times M V$
$\therefore$ Investment $=150 \times 120$
$=\text { Rs. } 18,000$
We know that dividend per share $=\frac{ FV \times \frac{\text { dividend }}{100}}{100}$
$\therefore$ Dividend per share $=100 \times \frac{7}{100}$
$=$ Rs. 7
$\therefore$ Total dividend received $=150 \times 7=$ Rs. 1050
We know that rate of return $=\frac{\text { Dividend income }}{\text { Investment }} \times 100$
$\therefore$ Rate of return $=\frac{1050}{18000} \times 100$
$=5.83 \%$

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Question 453 Marks

Shri Shantilal has purchased 150 shares of FV Rs. 100, for MV of Rs. 120. Company has paid dividend at 7%. Find the rate of return on his investment.

Answer

Given, number of shares $=150$
$\begin{array}{l}
F V=R s .100 \\
M V=\text { Rs. } 120
\end{array}$
$\text { Dividend }=7 \%$
We know that investment $=$ number of shares $\times M V$
$\therefore$ Investment $=150 \times 120$
$=\text { Rs. } 18,000$
We know that dividend per share $=\frac{ FV \times \frac{\text { dividend }}{100}}{100}$
$\therefore$ Dividend per share $=100 \times \frac{7}{100}$
$=$ Rs. 7
$\therefore$ Total dividend received $=150 \times 7=$ Rs. 1050
We know that rate of return $=\frac{\text { Dividend income }}{\text { Investment }} \times 100$
$\therefore$ Rate of return $=\frac{1050}{18000} \times 100$
$=5.83 \%$

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Question 463 Marks

Smt. Deshpande purchased shares of FV Rs. 5 at a premium of Rs. 20. How many shares will she get for Rs. 20,000?

Answer

We know that if $M V>F V$, then the share is at premium.
$\begin{array}{l}
\therefore MV = FV +\text { Premium } \\
\Rightarrow MV =5+20 \\
=\text { Rs. } 25
\end{array}$
We know that investment $=$ number of shares $\times MV$
$\begin{array}{l}
\text { Given, investment }=\text { Rs. } 20,000 \\
\therefore \text { Number of shares }=\frac{\text { Investment }}{ MV } \\
\Rightarrow \text { Number of shares }=\frac{20000}{25} \\
=800
\end{array}$

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Question 473 Marks

Joseph purchased following shares, Find his total investment.
Company A : 200 shares, FV = Rs. 2 Premium = Rs. 18.
Company B : 45 shares, MV = Rs. 500
Company C : 1 share, MV = Rs. 10,540.

Answer

Company A: Premium = Rs. 18
We know that if MV > FV, then the share is at premium.
∴ MV = FV + Premium
⇒ MV = 2 + 18 = Rs.20
We know that investment = number of shares × MV
∴ Investment in company A = 200 × 20
= Rs. 4000
Company B:
∴ Investment in company B = 45 × 500
= Rs. 22, 500
Company C:
∴ Investment in company C = 1 × 10, 540
= Rs. 10, 540
Joseph has invested 4000 + 22, 500 + 10, 540 = Rs. 37, 040

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Question 483 Marks

Amol purchased 50 shares of Face Value Rs. 100 when the Market value of the share was Rs. 80. Company had given 20% dividend. Find the rate of return on investment.

Answer

Given FV = Rs. 100; MV = Rs. 80; $D=20 \%$
On investment of Rs. 80, Amol got Rs. 20.
Let rate of return be $x \%$.
$\begin{array}{l}
\therefore \frac{20}{80}=\frac{ x }{100} \\
\Rightarrow \frac{1}{4}=\frac{ x }{100} \\
\therefore x =\frac{1 \times 100}{4} \\
\Rightarrow x =25 \% \text { (Rate of Return) }
\end{array}$

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Question 493 Marks

Complete the following table by writing suitable numbers and words.

Sr No.	FV	Share is at	MV
$(1)$	Rs. 100	Par	…
$(2)$	…	Premium Rs. 500	Rs. 575
$(3)$	Rs. 10	…	Rs. 5

Answer

(1) We know that if MV = FV, then the share is at par.
Here, FV = Rs. 100
∴ MV = Rs. 100
(2) We know that if MV > FV, then the share is at premium.
∴ FV = MV – Premium
⇒ FV = 575 – 500 = Rs. 75
(3) We know that FV = Rs. 10 and MV = Rs.3
⇒ FV – MV = 10 – 5 = Rs. 5
We know that if MV < FV, then the share is at discount.
∴ The given share is at discount at Rs. 5.

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Question 503 Marks

Amir Enterprise purchased chocolate sauce bottles and paid GST of Rs. 3800. He sold those bottles to Akbari Bros. and collected GST of Rs. 4100. Mayank Food Corner purchased these bottles from Akabari Bros and paid GST of Rs. 4500. Find the amount of GST payable at every stage of trading and hence find payable CGST and SGST.

Answer

Amir Enterprise:
Input GST = Rs.3800
Output GST = Rs. 4100
∴ GST Payable = Output Tax – ITC
= 4100 – 3800 = Rs. 300
We know that CGST and SGST are components of GST.
CGST is always equal to SGST
i.e. GST = CGST + SGST
Let CGST and SGST be x.
Then GST = x + x
⇒ 300 = 2x
⇒ x = 150
∴ CGST, SGST = Rs. 150
Akbari Bros:
Input GST = Rs. 4100
Output GST = Rs. 4500
∴ GST Payable = Output Tax – ITC
= 4500 – 4100 = Rs. 400
We know that CGST and SGST are components of GST.
CGST is always equal to SGST
i.e. GST = CGST + SGST
Let CGST and SGST be x.
Then GST = x + x
⇒ 400 = 2x
⇒ x = 200
∴ CGST, SGST = Rs. 200

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Question 513 Marks

Tiptop Electronics’ supplied an AC of 1.5 ton to a company. Cost of the AC supplied is Rs. 51,200 (with GST). Rate of CGST on AC is 14%. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
(1) Rate of SGST
(2) Rate of GST on AC
(3) Taxable value of AC
(4) Total amount of GST
(5) Amount of CGST
(6) Amount of SGST

Answer

Given rate of CGST of $A C=14 \%$
(1) We know that CGST and SGST are components of GST.
CGST is always equal to SGST.
$\therefore \text { SGST }=14 \%$
(2) We know that GST $=$ CGST + SGST.
$\text { GST }=14 \%+14 \%=28 \%$
(3) We know that Total Value $($ with GST $)=$ Taxable Value + GST
$\begin{array}{l}
\text { Given total value (with GST) }=\text { Rs. } 51,200 \\
\text { Let taxable value }= x \\
\therefore 51200= x +28 \% \text { of } x \\
= x +\frac{28}{100} \times x \\
= x +0.28 x \\
\Rightarrow 51200=1.28 x \\
\Rightarrow x =\frac{51200}{1.28}=40000 \\
\therefore x =\text { Taxable Value }=\text { Rs. } 40,000
\end{array}$
(4) We know that total GST = GST of Taxable value
$\begin{array}{l}
\therefore \text { GST }=28 \% \text { of } 40,000 \\
=\frac{28}{100} \times 40000 \\
=\text { Rs. } 11,200
\end{array}$
(5) We know that CGST and SGST are components of GST.
CGST is always equal to SGST
$\text { i.e. } G S T=C G S T+S G S T$
Let CGST and SGST be $x$.
$\begin{array}{l}
\text { Then GST }=x+x \\
\Rightarrow 11200=2 x \\
\Rightarrow x=5600
\end{array}$
Hence CGST = Rs. 5600
$\text { (6) } \therefore \text { SGST = Rs. } 5600$

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Question 523 Marks

The total value (with GST) of a remote-controlled toy car is Rs. 1770. Rate of GST is 18% on toys. Find the taxable value, CGST and SGST for this toy-car.

Answer

We know that Total Value $($ with GST) = Taxable Value + GST
Given total value (with GST) = Rs. 1770
Let taxable value $= x$
$\begin{array}{l}
\therefore 1770= x +18 \% \text { of } x \\
= x +\frac{18}{100} \times x \\
= x +0.18 x \\
\Rightarrow 1770=1.18 x \\
\Rightarrow x =\frac{1770}{1.18}=1500 \\
\therefore x =\text { Taxable Value }=\text { Rs. } 1500
\end{array}$
We know that CGST and SGST are components of GST.
CGST is always equal to SGST
$\text { i.e. } G S T=C G S T+S G S T$
Let CGST and SGST be $x$.
Then GST $= x + x$
$\begin{array}{l}
\Rightarrow 18=2 x \\
\Rightarrow x=9 \%
\end{array}$

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Question 533 Marks

Mr. Rohit is a retailer. He paid GST of ₹ 6500 at the time of purchase. He collected GST of ₹ 8000 at the time of sale. (i) Find his input tax and out put tax. (ii) What is his Input tax credit ? (iii) Find his payable GST. (iv) Hence find the payable CGST and payable SGST.

Answer

Mr. Rohit's payable GST means, GST to be paid to the government by Mr. Rohit.
(i) Output tax (tax collected at the time of sale) $=₹ 8000$.
(ii) Input tax (tax paid at the time of purchase) $=₹ 6500$
$\therefore \text { ITC }=₹ 6500 \text {. }$
(iii) GST payable $=$ Output tax - ITC
$=₹ 8000-₹ 6500=₹ 1500$
(iv) $\therefore$ payable CGST $=\frac{1500}{2}=₹ 750$ and payable $SGST =₹ 750$.

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Question 543 Marks

Pankajrao invested ₹ 1,25,295 in shares of FV ₹ 10 when MV is ₹ 125. Rate of brokerage is 0.2% and GST is 18%. Then find (1) How many shares were purchased. (2) the amount of brokerage paid and (3) GST paid for the trading.

Answer

$\begin{array}{l}
\text {Sum invested }=₹ 1,25,250, \text { brokerage }=0.2 \%, \text { GST rate }=18 \% \\
\therefore \text { Brokerage per share }=125 \times \frac{0.2}{100}=₹ 0.25 . \\
\text { GST per share on brokerage }=18 \% \text { of } 0.25=₹ 0.045 \\
\therefore \text { Cost of } 1 \text { share }=\mathrm{MV}+\text { Brokerage }+\mathrm{GST} \\
\end{array}
$
$
\begin{aligned}
& =125+0.25+0.045=₹ 125.295 . \\
\therefore \text { No. of shares } & =\frac{125250}{125.25}=1000
\end{aligned}
$
Total brokerage $=$ brokerage per share $\times$ No. of shares
$\therefore$ Total brokerage $=0.25 \times 1000=₹ 250$.
Total GST $=1000 \times 0.045=₹ 45$.

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Question 553 Marks

If 50 shares of FV ₹10 were purchased for MV of ₹25. Company declared 30% dividend on the shares then find (1) Sum investment (2) Dividend received (3) Rate of return.

Answer

$FV =₹ 10, MV =₹ 25$, Number of shares $=50$.
(1) $\therefore$ Sum investment $=25 \times 50=₹ 1250$.
(2) Dividend per share $=10 \times \frac{30}{100}=₹ 3$
$\therefore$ Total dividend received $=50 \times 3=₹ 150$.
(3) Rate of return $=\frac{\text { Dividend income }}{\text { Sum invested }} \times 100$
$=\frac{150}{1250} \times 100=12 \%$
Ans : (1) Sum invested is ₹ 1250
(2) Dividend received is ₹ 150
(3) Rate of return is $12 \%$.

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Question 563 Marks

Neel has invested in shares as follows. Find his total investment.
Company A : 350 shares, FV = ₹ 10, premium = ₹ 7
Company B : 2750 shares, FV = ₹ 5, Discount = ₹ 1.
Company C : 50 shares, FV = ₹ 100, MV = ₹ 150.

Answer

$\begin{array}{l}\text { Company A : Premium }=₹ 7^{-} MV = FV +\text { Premium } \\ =10+7=₹ 17 . \\ \therefore \text { Investment in company A }=\text { Number of shares } \times \text { MV } \\ =350 \times 17=₹ 5950 . \\ \text { Company B : } FV =₹ 5, MV =₹ 4 \text {. } \\ \therefore \text { Investment in company B }=\text { Number of shares } \times \text { MV } \\ =2750 \times 4=₹ 11,000 \text {. } \\ \text { Company C : } FV =₹ 100, MV =₹ 150 \text {. } \\ \therefore \text { Investment in company } C =\text { Number of shares } \times \text { MV } \\ =50 \times 150=₹ 7500 . \\ \text {. Neel has invested } 5950+11000+7500=₹ 24.450 \text {. } \\\end{array}$

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Question 573 Marks

'Sadhana Electronics' sold a dish washer to a customer. The total cost price including GST is ₹ 8960. The rate of GST on dish water is $28 \%$Find (i) Amount of GST (ii) Amount of SGST (iii) Taxable price

Answer

Taxable price $=₹ 7000$, Amount of GST $=₹ 1960$, Amount of SGST = ₹ 980

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Question 583 Marks

Mrs. Sita invested ₹ 92,124 in shares of face value ₹ 10 each at ₹ 90 market value. She paid 2 % brokerage and 18 % GST on it. Company declared a dividend of 60 % on then. Find her dividend.

Answer

₹ 6000

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Question 593 Marks

Mr. Gokhale invested ₹ 22,500 in shares of face value ₹ 100 at market value ₹ 125. If the company declared $60 \%$ dividend at the end of the year, what was the income from dividend?

Answer

₹ 10,800

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Question 603 Marks

Mr. Chavan purchased 100 shares of ₹ 100 face value at ₹ 150 market value. He paid $0.2 \%$ brokerage and GST $18 \%$ on brokerage. Then, find his total investment on 100 shares.

Answer

₹ 15035.4

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Question 613 Marks

If 500 shares of face value ₹ 100 were sold at ₹ 50 premium, then how much amount is obtained?

Answer

₹ 75,000

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Question 623 Marks

From the information, prepare the tax invoice for business to customer. (B2C)
Write any name, address, date, etc.
Supplier: M/s _____ Address ______ Date _____.
Invoice No. _______ GSTIN ______ .
Name of products:
(i) Jam bottle ₹ 75,1 piece, Rate of GST $12 \%$, HSN1207
(ii) Honey bottle ₹ 60, 1 piece, Rate of GST $5 \%$, HSN3607
(iii) Perfume bottle ₹ 225, 1 piece, Rate of GST $18 \%$, HSN9319

Answer

Sr. No.	Name of Product	HSN Code	Quantity	Rate (₹)	Taxable Value (₹)	GST Rate	GST @12% (₹)	Total Amount (₹)
1	Jam Bottle	1207	1	75	75	12%	9	84
2	Honey Bottle	3607	1	60	60	5%	3	63
3	Perfume Bottle	9319	1	225	225	185	40.50	265.50

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Question 633 Marks

From the given information, prepare the tax invoice for Business to Business (B2B). Write any name, address, date, etc.
Supplier : Name, Address, State, GSTIN, Invoice number, date
Receiver : Name, address, State, GSTIN
Name of products:
(i) Compass box : 100, HSN 3497, ₹ 60 , GST 12 %
(ii) Writing Pads : 50, HSN 9607, ₹ 35, GST 12 %

Answer

Sr. No.	Name of Product	HSN Code	Quantity	Rate (₹)	Taxable Value (₹)	GST @12% (₹)	Total Amount (₹)
1	Compass Box	3497	100	60	6,000	720	6,720
2	Writing Pads	9607	50	35	1,750	210	1,960

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Question 643 Marks

Disha purchased some beauty products and paid GST of ₹ 1500 . She sold all the beauty products to one customer and collected GST of ₹ 1700. Find the CGST and SGST to be paid.

Answer

CGST = SGST = ₹ 100

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Question 653 Marks

A share of the value ₹ 100 was purchased for ₹ 175. The company declared a dividend of $30 \%$. What is the rate of return on investment ?

Answer

$17.14 \%$

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