Tag: maths

Questions Related to maths

In the format of GSTIN there are ...... alpha-numerals.

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $15$

  2. $10$

  3. $16$

  4. $9$

Show answer
Correct Option: A
Explanation:

GSTIN contains 2 digits of state code, followed by 10 alpha-numeric characters of owner's PAN number, then State registration number and letter Z, last digit or alphabet is the checksum. So in total there are 15 alpha-numerals. 

To find the cost of one share at the time of buying the amount of Brokerage and GST is to be ____ the MV of share.

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. Added to

  2. Substracted from

  3. Multiplied with

  4. Divided by

Show answer
Correct Option: A
Explanation:

Cost of share $=$ (Brokerage $+$ GST $+$ MV of share)

An article was purchased for $Rs. 1239$ including GST of $18\%$. Find the price of the article before GST was added

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. Rs. $1050$

  2. Rs. $1100$

  3. Rs. $1150$

  4. Rs. $1200$

Show answer
Correct Option: A
Explanation:

Given:

$GST=18\%$

Now   $118\%$ of $x=1239$

$\dfrac{118x}{100}=1239$

$x=\dfrac{123900}{118}$

$x=1050Rs$

The price of the article before GST was added $=1050Rs$

Rajeev buys good worth $Rs.6650$. He gets a rebate of $6$% on it. After getting the rebate, he pays sales tax@ $10$%. Find the amount he will have to pay for the goods.

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $6876.10$

  2. $6999.20$

  3. $6654$

  4. $7000$

Show answer
Correct Option: A
Explanation:

Rebate$=6\%, MP=Rs.6650$


$SP=94\%\times 6650=Rs.6251$


Sales tax$=10\%$

Total amount Rajeev pays$=10\%\times 6251 +  6251=Rs. (625.1  + 6251 ) =$ Rs.$6876.10$.

$6\%$ SGST was charged on the pen having cost Rs. $300$, then find the amount of CGST charged.

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. Rs. $24$

  2. Rs. $12$

  3. Rs. $16$

  4. Rs. $18$

Show answer
Correct Option: D
Explanation:

Cost of Pen $=Rs. 300$


SGST $=6$% of $300$

$=\cfrac{6}{100}\times 300$

$=Rs. 18$

Since SGST $=$ CGST

$\Rightarrow $CGST $=Rs. 18$

Shyam purchases a scooter costing $Rs.36,450$ and the rate of sales tax is $9%$, then the total amount by her is:

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $Rs.36,490.50$

  2. $Rs.39,730.50$

  3. $Rs.36,454.50$

  4. $Rs.33,169.50$

Show answer
Correct Option: A

The rate of GST on the spices is $5\%$ which includes the rate of CGST

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $5\%$

  2. $10\%$

  3. $2.5\%$

  4. $0.5\%$

Show answer
Correct Option: A

How many alpha numerals are there in the $GSTIN$ of a registered dealer

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $15$

  2. $10$

  3. $16$

  4. $9$

Show answer
Correct Option: B

The cost of furniture inclusive of VAT is $Rs.\ 7150$. If the rate of VAT is $10\%$, find the original cost of the furniture.

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $Rs.\ 5000$

  2. $Rs.\ 3000$

  3. $Rs.\ 6500$

  4. $Rs.\ 2000$

Show answer
Correct Option: A
Explanation:

Let the cost be Rs $x$
VAT $= 10 \%$
Cost including VAT $= Rs. 7150 = x + 10 \%$ of $x$
$7150 = x + \cfrac{10}{100} \times x$
$7150 = \cfrac{110}{100} x$
$x = Rs. 6500$
Thus, original cost of the furniture is $Rs. 6500$

The marked price of an article is Rs. $900$ and the rate of sales tax on it is $6 \%$.If on selling the article at its marked price, a retailer has to pay Rs $4.80$ ; find the money paid by him (including sales tax) for purchasing the article.

maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

  1. $700.40$

  2. $800.20$

  3. $829.20$

  4. $869.20$

Show answer
Correct Option: D
Explanation:

Let the profit of the retailer $=$ Rs. $x$

As the VAT paid by the shopkeeper is Rs. $4.80$ and rate of sales tax is $6\%$, then $6\%$ of $x$ $=4.80$.
$\Rightarrow \dfrac {6}{100}\times x=4.80$
$\Rightarrow x=\dfrac {480}{6}=80$
Now, profit of the retailer $=900-80=$ Rs. $820$
Sales tax paid by the retailer $=6\%$ of Rs. $820=\dfrac {6}{100}\times 820=$ Rs.$49.20$.
So, price of the article including sales tax paid by the retailer $=820+49.20=$ Rs. $869.20$.
Therefore, the money paid for purchasing the article is Rs. $869.20$.