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.

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.

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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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Financial Planning — Textbook Questions Answered (8)

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 35%.

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%.

Q6: A shareholder owns 500 shares of face value Rs 100 each. Company announces 20% dividend. Calculate dividend received.

Step 1: Identify given information. Number of shares = 500, Face value per share = Rs 100, Dividend rate = 20%. Step 2: Calculate dividend per share. Dividend per share = 20% of 100 = 0.20 * 100 = Rs 20. Step 3: Calculate total dividend. Total dividend = Number of shares * Dividend per share = 500 * 20 = Rs 10,000. Answer: Total dividend received is Rs 10,000.

Q7: An item costing Rs 800 is sold for Rs 1000. Calculate profit percentage and markup percentage.

Step 1: Identify values. Cost price (CP) = Rs 800, Selling price (SP) = Rs 1000. Step 2: Calculate profit. Profit = SP - CP = 1000 - 800 = Rs 200. Step 3: Calculate profit percentage. Profit % = (Profit / CP) * 100 = (200 / 800) * 100 = 25%. Step 4: Calculate markup. Markup = SP - CP = Rs 200 (same as profit in this case). Step 5: Calculate markup percentage. Markup % = (Markup / CP) * 100 = (200 / 800) * 100 = 25%. Note: When selling at marked price with no discount, profit % and markup % are equal. Answer: Profit is 25% and markup is 25%.

Q8: A bank offers 6% simple interest per annum. A customer deposits Rs 20,000 for 3 years. Calculate the amount and interest.

Step 1: Identify given information. Principal (P) = Rs 20,000, Rate (R) = 6% per annum, Time (T) = 3 years. Step 2: Use simple interest formula. SI = (P * R * T) / 100. Step 3: Calculate SI. SI = (20,000 * 6 * 3) / 100 = (360,000) / 100 = Rs 3,600. Step 4: Calculate amount. Amount = Principal + Simple Interest = 20,000 + 3,600 = Rs 23,600. Answer: Simple interest is Rs 3,600 and total amount is Rs 23,600.

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