Financial Planning — Maharashtra (SSC) Class 10 Mathematics Solutions (Free)
Free step-by-step Maharashtra (SSC) Class 10 Mathematics solutions for "Financial Planning" — important questions with detailed answers, download PDF for board exam preparation.
TL;DR: Free step-by-step Maharashtra (SSC) Class 10 Mathematics solutions for "Financial Planning" — important questions with detailed answers, download PDF…
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Q1: A shopkeeper purchases goods for Rs 1000 and marks them at Rs 1500. He gives 10% discount. Find profit or loss percentage.
Step 1: Identify given information. Cost price (CP) = Rs 1000, Marked price (MP) = Rs 1500, Discount = 10%.
Step 2: Calculate selling price. Selling price (SP) = MP - Discount = MP - 10% of MP.
Step 3: Calculate discount amount. Discount = 10% of 1500 = 0.10 * 1500 = Rs 150.
Step 4: Find SP. SP = 1500 - 150 = Rs 1350.
Step 5: Calculate profit. Profit = SP - CP = 1350 - 1000 = Rs 350.
Step 6: Calculate profit percentage. Profit % = (Profit / CP) * 100 = (350 / 1000) * 100 = 35%.
Answer: Profit of…
Q2: Calculate GST on goods valued at Rs 5000. GST rate is 18%. Find the total amount to be paid.
Step 1: Identify given information. Goods value = Rs 5000, GST rate = 18%.
Step 2: Calculate GST amount. GST = 18% of 5000 = 0.18 * 5000 = Rs 900.
Step 3: Calculate total amount to be paid. Total = Goods value + GST = 5000 + 900 = Rs 5900.
Answer: GST is Rs 900, and total amount is Rs 5900.
Q3: A company paid 5% brokerage on a transaction worth Rs 2,00,000. Also 2% GST is applicable on brokerage. Calculate total expenses.
Step 1: Calculate brokerage. Brokerage = 5% of 2,00,000 = 0.05 * 2,00,000 = Rs 10,000.
Step 2: Calculate GST on brokerage. GST = 2% of brokerage = 0.02 * 10,000 = Rs 200.
Step 3: Calculate total expenses. Total = Brokerage + GST on brokerage = 10,000 + 200 = Rs 10,200.
Answer: Total brokerage expenses are Rs 10,200.
Q4: A person invested Rs 10,000 at 8% per annum compound interest for 2 years. Calculate the amount and interest.
Step 1: Identify given information. Principal (P) = Rs 10,000, Rate (R) = 8% per annum, Time (T) = 2 years.
Step 2: Use compound interest formula. Amount = P(1 + R/100)^T.
Step 3: Calculate. Amount = 10,000(1 + 8/100)^2 = 10,000(1.08)^2.
Step 4: Compute (1.08)^2 = 1.1664.
Step 5: Amount = 10,000 * 1.1664 = Rs 11,664.
Step 6: Calculate compound interest. CI = Amount - Principal = 11,664 - 10,000 = Rs 1,664.
Answer: Amount is Rs 11,664 and compound interest is Rs 1,664.
Q5: A company's turnover was Rs 50 lakhs in 2023 and Rs 75 lakhs in 2024. What is the percentage increase?
Step 1: Identify old and new values. Old turnover (2023) = Rs 50 lakhs, New turnover (2024) = Rs 75 lakhs.
Step 2: Calculate increase. Increase = 75 - 50 = Rs 25 lakhs.
Step 3: Calculate percentage increase. Percentage increase = (Increase / Old value) * 100.
Step 4: Calculate. Percentage increase = (25 / 50) * 100 = 0.5 * 100 = 50%.
Answer: Turnover increased by 50%.
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