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Math 2

The document presents a series of mathematical problems related to commerce, finance, and inequalities. It includes calculations involving GST, discounts, recurring deposits, and solving inequalities. Each problem is allocated a specific mark value, totaling 30 marks, and is designed to test the understanding of financial concepts and mathematical reasoning.

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banerjeeanshu29
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4 views1 page

Math 2

The document presents a series of mathematical problems related to commerce, finance, and inequalities. It includes calculations involving GST, discounts, recurring deposits, and solving inequalities. Each problem is allocated a specific mark value, totaling 30 marks, and is designed to test the understanding of financial concepts and mathematical reasoning.

Uploaded by

banerjeeanshu29
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Time Allowed: 1 Hour Full Marks: 30

1. A shopkeeper buys an article from a manufacturer for ₹12,000 and marks it up by 25%. He then [5 Marks]
sells it to a consumer at a discount of 10% on the marked price. If the rate of GST is 12% and the transaction is
intra-state, find the total GST paid by the shopkeeper to the Government and the final price paid by the
consumer.

2. The list price of an item is ₹40,000. A wholesaler allows a discount of 20% to a retailer. The [5 Marks]
retailer further allows a discount of 10% on the list price to a consumer. If the GST rate is 18% and all sales are
within the same state, calculate the Input Tax Credit (ITC) for the retailer and the total tax received by the State
Government.

3. Mrs. Sharma opened a recurring deposit account in a bank for a certain number of months. If she [5 Marks]
deposited ₹2,500 every month at 8% per annum simple interest and received ₹66,250 on maturity, determine
the time period of the account in years.

4. A man has a recurring deposit account of ₹1,200 per month for 2 years. At the time of maturity, he [5 Marks]
receives ₹30,456. Calculate the rate of interest per annum. If he had deposited the same monthly amount for 6
months longer at the same rate, find the new maturity value.

5. Find the range of values of x which satisfies the following inequation and represent it on a real [5 Marks]
number line:

-3 < -1/2 - 2x/3 ≤ 5/6, x ∈ R

6. Solve the following inequation and write the solution set. Also, find the smallest and largest values [5 Marks]
of x if x is a prime number:

11 - 2x ≥ 9 - 3x ≥ 3x - 15, x ∈ N

.. by Ronny sir

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