{"id":20648,"date":"2020-01-22T10:14:06","date_gmt":"2020-01-22T04:44:06","guid":{"rendered":"https:\/\/kseebsolutions.guru\/?p=20648"},"modified":"2021-07-02T15:28:02","modified_gmt":"2021-07-02T09:58:02","slug":"2nd-puc-basic-maths-question-bank-chapter-12-ex-12-2","status":"publish","type":"post","link":"https:\/\/kseebsolutions.guru\/2nd-puc-basic-maths-question-bank-chapter-12-ex-12-2\/","title":{"rendered":"2nd PUC Basic Maths Question Bank Chapter 12 Sales Tax and Value Added Tax Ex 12.2"},"content":{"rendered":"

Students can Download Basic Maths Exercise 12.2 Questions and Answers, Notes Pdf, 2nd PUC Basic Maths Question Bank with Answers<\/a> helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations.<\/p>\n

Karnataka 2nd PUC Basic Maths Question Bank Chapter 12 Sales Tax and Value Added Tax Ex 12.2<\/h2>\n

Part – A<\/span><\/p>\n

2nd PUC Basic Maths Sales Tax and Value Added Tax Ex 12.2 Two or Three Marks Questions with Answers\u00a0<\/strong><\/p>\n

Question 1.
\nA shopkeeper purchase an article for \u20b9 9,000 and sell it to a customer for 10,500. If the VAT rate is 4%. Find the VAT paid by the shopkeeper?
\nSolution:
\nGiven S.P = 10,500, C.P. = 9000, Vat = ?, = 4%
\nVat = \\(\\frac{\\text { Rate }}{100}\\) (SP-CP) = \\(\\frac{ 4 }{100}\\) (10,500 \u2013 9000) =\\frac{\\text { Rate }}{100}[\/\/latex] \u00d7 1500 = 60
\n\u2234 Vat paid by shopkeeper = \u20b9 60.<\/p>\n

\"KSEEB<\/p>\n

Question 2.
\nA shopkeeper purchased an electric iron of \u20b9 1000 at 8% VAT from the whole saler and sell it to customer of \u20b9 1400 at 8% VAT.
\nSolution:
\nGiven
\nS.P = \u20b9 1400, C.P = \u20b9 1000, 8% = Vat rate, Vat = ?
\nVat = \\(\\frac{\\text { Rate }}{100}\\) (SP-CP)
\nVat = \\(\\frac{8}{100}\\) (1400 – 1000)
\n= \\(\\frac{8 \\times 400}{100}\\) = 32
\n\u2234 Vat paid = \u20b9 32.<\/p>\n

Question 3.
\nA shopkeeper bought a TV at a discount of 30% of the listed price of \u20b9 24,000. The shopkeeper offer a discount of 10% of the listed price to the customer. If the VAT is 10%. Find (i) the amount paid by the customer. (ii) the VAT to be paid by the shopkeeper.
\nSolution:
\nSelling price of the shopkeeper = 70% of 24,000
\n= \\(\\frac{70}{100}\\) \u00d7 24,000 = 16,800
\n100 Selling price of the customer = 90% of 24,000
\n= \\(\\frac{90}{100}\\) \u00d7 24000 = 21600
\nAmount paid by the customer = 21600 + 10% of 21600
\n= 21600 + \\(\\frac{10}{100}\\) \u00d7 21600 = 21600 + 2160 = 23760
\n\u2234 Vat is 10% (21600 – 16800)
\n= \\(\\frac{10}{100}\\) \u00d7 4800 = \u20b9 480<\/p>\n

\"KSEEB<\/p>\n

Question 4.
\nMohan a owner of a departmental store purchased an article of \u20b9 1,500 at 4% VAT and sell it at \u20b9 1,700 to the customer at 4% VAT. How much amount did the shopkeeper deposit to the government as VAT.
\nSolution:
\nVat paid by the customer = 4% of 1700
\n= \\(\\frac{4}{100}\\) \u00d7 1700= \u20b9 68
\nVat paid by shopkeeper = 4% (1700 – 1500)
\n= \\(\\frac{4}{100}\\) \u00d7 200 = \u20b9 78.<\/p>\n

Question 5.
\nSanju a owner of jewellary shop purchased a earring of \u20b9 2,000 at 12% VAT and sells it at 2,300 to the customer Radhika. If Radhika also pays 12% VAT to the shopkeeper how much did the shopkeeper deposit to the government as VAT?
\nSolution:
\nVat paid by shopkeeper = 12% of (2300 – 2000)
\n= \\(\\frac{12}{100}\\) \u00d7 (300)
\n= \u20b9 36.<\/p>\n

Question 6.
\n‘A’ is manufacture of electric iron. The cost price of each electric iron in \u20b9 1,600. He sells to ‘B’and ‘B’sells to ‘C’ and ‘C’ sells to ‘C’ sells to ‘D’ the retailer. The tax rate is 12.5% and the profit is \u20b9 150 at each stage of the selling chain. Find the (i) the total amount of VAT and (ii) the amount that the purchased will have to pay.
\nSolution:
\n\"2nd
\nAmount that the retailer will have to pay is
\n= 2200 + 275 = 2475
\nTotal amount of vat = 21875 + 3(18.75)
\n= 218.75 + 56.25 = \u20b9 275.<\/p>\n

\"KSEEB<\/p>\n

Part – B<\/span><\/p>\n

2nd PUC Basic Maths Sales Tax and Value Added Tax Ex 12.2 Two or Three Marks Questions with Answers\u00a0<\/strong><\/p>\n

Question 1.
\nA furniture dealer sold furniture for \u20b9 21000 & added 5% sales tax to the quoted price. The customer agrees to buy it for \u20b9 21,000 including sales tax. Find the discount he received (July – 2015)
\nSolution:
\nDiscount = 5% of 21,000
\n= \\(\\frac{5}{100}\\) \u00d7 21000 = 1050.
\n\u2234 Customer received discount = \u20b9 31050
\nAmount to be paid = 21000 + 5% of 21000
\n= 21000 + \\(\\frac{5}{100}\\) \u00d7 21000 = 21000 + 1050 = 22050.<\/p>\n

\"KSEEB<\/p>\n

Question 2.
\nThe owner of a departmental store purchased an article of F1500 at 4% vat & set it at 1700 is the consumer at 4% vat. How much amount did the shopkeeper deposit to the government as vat?
\nSolution:
\n(P.V. Model paper 3)
\nThe shopkeeper purchase price = M.P + 4% of M.P.
\n= 1500 + 4% of 1500
\n= 1500 + ( \\(\\frac{4}{100}\\) \u00d7 1500 ) = 1500= 1500+60 = 1560
\nSelling price of the shopkeeper = 1700 + 4% of 1700
\n= 1700 + ( \\(\\frac{4}{100}\\) \u00d7 1700) = 1700 + 68 = 1768.
\n\u2234 Total vat deposited to government
\n= 1768 – 1560 = \u20b9 208.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students can Download Basic Maths Exercise 12.2 Questions and Answers, Notes Pdf, 2nd PUC Basic Maths Question Bank with Answers helps you to revise the complete Karnataka State Board Syllabus and score more marks in your examinations. Karnataka 2nd PUC Basic Maths Question Bank Chapter 12 Sales Tax and Value Added Tax Ex 12.2 Part …<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/20648"}],"collection":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/comments?post=20648"}],"version-history":[{"count":0,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/20648\/revisions"}],"wp:attachment":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/media?parent=20648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/categories?post=20648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/tags?post=20648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}