COMMERCIAL MATHS
Section A: Compulsory Questions
Question 1 (i)
"The SGST paid by a customer to the shopkeeper for a purchase of ₹500 worth of
goods, if the rate of GST is 18%, is:"
(a) ₹90
(b) ₹45
(c) ₹22.50
(d) ₹10
Question 1 (ii)
"Roopa has a Recurring Deposit Account in a bank for 2 years. If the rate of
interest is 9% per annum and she receives ₹7,992 as total interest at the time of
maturity, then the monthly installment is:"
(a) ₹2,000
(b) ₹1,500
(c) ₹2,500
(d) ₹3,600
Section B: Optional Questions
Question 4 (i)
"A shopkeeper bought a washing machine from a wholesaler for ₹20,000. He sells
it to a consumer at a profit of 10%. If the rate of GST is 12%, find: (a) The Mark up
price of the machine. (b) The amount of GST paid by the consumer. (c) The total
amount (including GST) paid by the consumer."
Question 10 (ii)
"Mr. Sonu has a recurring deposit account and deposits ₹750 per month for 2
years. If he gets ₹19,125 at the time of maturity, find: (a) The total interest
earned by Mr. Sonu. (b) The rate of interest per annum."
I. Multiple-Choice Questions (1 Mark Each)
Question 1: "A retailer buys an article at its listed price from a wholesaler
and sells it to a consumer in the same state after marking up the price by
20%. The list price of the article is ₹2500, and the rate of GST is 12%. What
is the tax liability of the retailer to the central government?"
Question 2: "Dev bought an electrical fan which has a marked price of ₹800.
If the GST on the goods is 7%, then the SGST is:"
Question 3: "P is deposited for n number of months in a recurring deposit
account which pays interest at the rate of r% per annum. The nature and
time of interest calculated is: (a) compound interest for n number of
months (b) simple interest for n number of months (c) compound interest
for one month (d) simple interest for one month."
Question 4: "Anwesha intended to open a Recurring Deposit account of
₹1000 per month for 1 year in a Bank, paying a 5% per annum rate of
simple interest. The bank reduced the rate to 4% per annum. How much
must Anwesha deposit monthly for 1 year so that her interest remains the
same?"
II. Short Answer Questions - 1 (3 Marks Each)
Question 50: "A shopkeeper marked a pressure cooker at ₹1800. The rate of
GST on pressure cooker is 12%. The customer has only ₹1792 with him and
he requests the shopkeeper to reduce the price so that he can buy the
cooker in ₹1792. What percent discount must the shopkeeper give?"
Question 51: "A man opened a recurring deposit account... The man
deposits certain amount of money per month such that after 2 years, the
interest accumulated is equal to his monthly deposits. Find the rate of
interest per annum that the bank was paying..."
III. Short Answer Questions - 2 (4 Marks Each)
Question 78: A bill analysis question involving "Grow Shree Groceries"
where you must find:
o (a) The value of 'x' (GST rate) for wheat flour if total GST on flour and
rice is ₹45.
o (b) The value of 'y' (quantity) for detergent if CGST paid is ₹39.60.
o (c) Total amount to be paid including GST.
Question 79: "Amit deposited ₹ 600 per month in a recurring deposit
account. The bank pays a simple interest of 12% p.a. Calculate the: (a)
number of monthly instalments... to get a maturity amount of ₹11826? (b)
total interest paid by the bank (c) total amount deposited by him."
ICSE 2025 Specimen Paper
Section A (Compulsory)
Question 1 (ii)
"Mr. Anuj deposits ₹ 500 per month for 18 months in a recurring deposit account
at a certain rate. If he earns ₹ 570 as interest at the time of maturity, then his
matured amount is:"
+1
o (a) $(500 \times 18 + 570)$
o (b) ₹ $(500 \times 19 + 570)$
o (c) $(500 \times 18 \times 19 + 570)$
o (d) $(500 \times 9 \times 19 + 570)$
Question 1 (xiii)
"The marked price of an article is ₹ 1375. If the CGST is charged at a rate of 4%,
then the price of the article including GST is:"
o (a) ₹ 55
o (b) ₹ 110
o (c) ₹ 1430
o (d) ₹ 1485
Question 2 (ii)
"Mrs. Rao deposited ₹ 50 per month in a recurring deposit account for a period of
3 years. She received ₹ 10,110 at the time of maturity. Find: (a) the rate of
interest, (b) how much more interest Mrs. Rao will receive if she had deposited ₹
250 more per month at the same rate of interest and for the same time."
Section B (Optional)
Question 7 (iii)
"Refer to the given bill. A customer paid ₹ 2000 (rounded off to the nearest 10) to
clear the bill. Article A: M.P. ₹ 190, Qty 06, GST 12%. Article B: M.P. ₹ 50, Qty 12,
GST 18%. Note: 5% discount is applicable on an article if 10 or more such articles
are purchased. Check whether the total amount paid by the customer is correct or
not. Justify your answer with necessary working."
+1
ICSE 2024 Solved Paper
Section A (Compulsory)
Question 1 (i)
"For an Intra-state sale, the CGST paid by a dealer to the Central government is ₹
120. If the marked price of the article is ₹ 2000, the rate of GST is:"
+2
o (a) 6%
o (b) 10%
o (c) 12%
o (d) 16.67%
Section B (Optional)
Question 4 (i)
"Suresh has a recurring deposit account in a bank. He deposits ₹ 2000 per month
and the bank pays interest at the rate of 8% per annum. If he gets ₹ 1040 as
interest at the time of maturity, find in years total time for which the account was
held.
ICSE Solved Paper 2023
Section A (Compulsory)
Question 1 (vii)
"The printed price of an article is ₹ 3080. If the rate of GST is 10% then the GST
charged is:" * (a) ₹ 154 * (b) ₹ 308 * (c) ₹ 30.80 * (d) ₹ 15.40
Question 1 (xiv)
"Naveen deposits ₹ 800 every month in a recurring deposit account for 6 months.
If he receives ₹ 4884 at the time of maturity, then the interest he earns is:" * (a) ₹
84 * (b) ₹ 42 * (c) ₹ 24 * (d) ₹ 284
+1
Section B (Optional)
Question 2 (ii)
"Salman deposits ₹ 1000 every month in a recurring deposit account for 2 years.
If he receives ₹ 26000 on maturity, find: (a) the total interest Salman earns, (b)
the rate of interest."
ICSE Solved Paper 2022 Semester-1
Section A (Compulsory)
Question 5
"The selling price of a shirt excluding GST is ₹ 800. If the rate of GST is 12% then
the total price of the shirt is:" * (a) ₹ 704 * (b) ₹ 96 * (c) ₹ 896 * (d) ₹ 848
Question 8
"Mohit opened a Recurring deposit account in a bank for 2 years. He deposits ₹
1000 every month and receives ₹ 25500 on maturity. The interest he earned in 2
years is:" * (a) ₹ 13500 * (b) ₹ 3000 * (c) ₹ 24000 * (d) ₹ 1500