Practice Key Concepts - 1.2.1 | 1. Commercial Mathematics | ICSE Class 10 Maths
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1.2.1 - Key Concepts

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What is GST?

💡 Hint: Think about what taxes apply to goods and services.

Question 2

Easy

Define the term 'share'.

💡 Hint: Consider what it means to own part of a company.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does CGST represent?

  • A) Central Government Services Tax
  • B) Central Goods and Services Tax
  • C) City Goods and Services Tax

💡 Hint: Focus on what central tax refers to within GST.

Question 2

True or False: Yield is the return on investment expressed as a percentage of the market value.

  • True
  • False

💡 Hint: Consider how yield is determined when investing in shares.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Imagine a person buys goods for ₹20,000 with a GST of 18% and sells them for ₹25,000. Calculate the net GST payable and the profit earned on this transaction.

💡 Hint: Break this problem into calculating input/output GST first, then find profit.

Question 2

A recurring deposit account allows a deposit of ₹1,500 a month for 10 months at an annual interest rate of 6%. What is the total interest earned at maturity?

💡 Hint: Use the RD interest formula and carefully calculate each step.

Challenge and get performance evaluation