ICSE MATHEMATICS
QUESTION NO. 1 (d) Both Mr. Das and Mr. Singh have the same rate of return of 20%
I. A retailer buys an article at its listed price from a wholesaler and sells VI. Amit invested a certain sum of money in ₹100 shares, paying a 7.5%
it to a consumer in the same state after marking up the price by 20%. dividend. The rate of return on his investment is 10%. The money
The list price of the article is ₹ 2500, and the rate of GST is 12%. invested by Amit to purchase 10 shares is:
What is the tax liability of the retailer to the central government? (a) ₹ 250 (b) ₹ 750 (c) ₹ 900(d) ₹ 1100
(a) ₹0 (b) ₹15 (c) ₹30 (d) ₹60
VII. Ankit had the option of investing in company A, where 7%, ₹ 100
II. Dev bought an electrical fan which has a marked price of ₹800. If the shares are available at ₹ 120 or in company B, where 8%, ₹ 1000
GST on the goods is 7%, then the SGST is: shares are available at ₹ 1620.
(a) ₹ 24 (b) ₹ 28 (c) ₹ 56 (d) ₹ 80 Assertion (A): Investment in Company A is better than Company B.
Reason (R): The rate of income in Company A is better than in
III. ₹ P is deposited for n number of months in a recurring deposit Company B.
account which pays interest at the rate of r % per annum. The nature (a) Both A and R are true, and R is the correct explanation.
and time of interest calculated is: (b) Both A and R are true, but R is not the correct explanation.
(a) compound interest for n number of months. (c) A is false, but R is true.
(b) simple interest for n number of months. (d) Both A & R are false
(c) compound interest for one month.
(d) simple interest for one month.
IV. 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 QUESTION NO. 2
remains the same?
(a) ₹12325 (b) ₹1250 (c) ₹1200 (d) ₹1000 (a)A shopkeeper marked a pressure cooker at ₹[Link] rate of GST
on pressure cooker is 12%. The customer has only ₹1792 with him
V. Mr. Das invests in ₹100, 12% shares of Company A available at ₹60 and he requests the shopkeeper to reduce the price so that he can
each. Mr. Singh invests in ₹50, 16 % shares of Company B available at buy the cooker in ₹1792. What percent discount must the
₹40 each. Use this information to state which of the following shopkeeper give?
statements is true.
(b)A man opened a recurring deposit account in a branch of PNB. The
(a) The rate of return for Mr. Das is 12%
man deposits certain amount of money per month such that after 2
(b) The rate of return for Mr. Singh is 10%
years , the interest accumulated is equal to his monthly deposits.
(c) Both Mr. Das and Mr. Singh have the same rate of return of 10%
1
ICSE MATHEMATICS
Find the rate of interest per annum that the bank was paying for the (b)A company with 10,000 shares of ₹ 100 each, declares an annual dividend
recurring deposit account. of 5%.
(i) What is the total amount of dividend paid by the company ?
(ii) What should be the annual income of a man who has 72 shares in the
(c)Aman has 500, ₹100 shares of a company quoted at ₹ 120, paying
company ?
a 10% dividend. When the share price rises to ₹ 200 each, he sells all (iii) If he received only 4% of his investment, find the price he paid for each
his shares. He invests half of the sale proceeds in ₹10, 12% shares at share.
₹25, and the remaining sale proceeds in ₹400, 9% shares at
₹[Link] his:(a) sales proceeds.(b) investment in ₹10, 12% shares at (c)The following bill shows the GST rate and the marked price of items :
₹25.(c) original income.(d) change in income.
Marked Rate of
[Link]. Item Quantity
QUESTION NO. 3 price (₹) GST
(a)Mr. Bedi visits the market and buys the following articles : 1 Wheat Flour (unpacked) 35.00 5 kg x%
Medicines costing ₹950, GST @ 5%
A pair of shoes costing ₹3000, GST @ 18%
A laptop bag costing ₹1000 with a discount of 30%, GST @ 18% Basmati Rice (Branded
2 180.00 5 kg 5%
(i) Calculate the total amount of GST paid . & packed)
(ii) The total bill amount including GST paid by Mr. Bedi.
Surf Excel Quick Wash
3 220.00 y kg 18%
(b)Akshay buys 350 shares of ₹50 par value of a company. The Detergent
dividend declared by the company is 14%. If his return percent from
Find :
the shares is 10%, find the market value of each share. (A) the value of x if the total GST on wheat flour and basmati rice is ₹ 45.
(B) the value of y, if CGST paid for detergent powder is ₹ 39.60
(c) A recurring deposit account of ₹ 1200 per month has a maturity (c) total amount to be paid (including GST) for the above bill.
value of ₹ 12440. If the rate of interest is 8% and the interest is
calculated at the end of every month; find the time (in months) of
this Recurring Deposit Account.
QUESTION NO. 4
(a)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 installments Amit deposits to get a maturity
amount of ₹11826?
(b) total interest paid by the bank.
(c) total amount deposited by him.