GRADE 10: MATHEMATICS – WORKSHEET

UNIT 14 - PERCENTAGES

Name: ……………………………………………...

Taxes

Direct Indirect
Interests
Rates VAT

Customs Simple Compound

Duty
Income
Tax

01. The selling price of an item is Rs.720 with a profit of 20%. Find its buying price.

02. Selling price of a wrist watch is Rs.8400. Find the percentage profit obtained when the buying
price is Rs.7000.

03. The assessed annual value of a house is Rs.80,000. The rate for a quarter is Rs.1200. Find the
annual rates percentage charged by the municipal council.

04. Find the price after paying 15% VAT for an electric item worth Rs.60,000.

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05. Monthly water bill is Rs.750. A 15% VAT is to be included to this. Find the total amount of the
bill with the VAT.

06. Find the interest to be paid if Rs.20,000 is borrowed for 12% annual interest for 3 years.

07. The rates charged for a shop for a quarter is Rs.840. If the annual rate is 12%, find the assessed
annual value of the shop.

08. An item is imported from Canada. The price of the item with a 30% VAT is Rs.780,000. Find
the original price of the item.

09. The annual income of Nisha is Rs.1,800,000. Calculate the total income tax to be paid according
to the given criteria.

Income Tax Percentage

Initial 500,000 Tax Free
Next 500,000 4%
Next 500,000 8%
Next 500,000 12%

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10. A trader bought a phone for Rs.5000 and he marked the selling price by keeping a 30% profit.
A 15% discount from the marked price is granted at sale. Find the profit of the phone.

11. a) A local authority charges 10% as rates for the properties of the area. The assessed annual
value of a property is Rs.250,000.
i) Find the amount of the annual rates.

ii) Find the rates to be paid for a quarter.

b) The next year, the annual property value was increased by 20% and the rates percentage was
decreased to 9%.
i) What is the new annual property value?

ii) Find the percentage by which the payable rates increased/decreased due to the change made
by the local authority.

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12. A man rented out his house for Rs.15,000 per month and collected one year rent as advance and
deposited the money in a financial institution which gives 8% simple interest per annum.
i) How much did he deposit in the financial institution?

ii) Calculate the interest he received from the financial institution for one year?

From the annual interest, he paid his house rate to the Urban Council on January with 10%
discount and the balance in hand was Rs.3000.
iii) How much did he pay as rates?

iv) If he wants to pay the rates quarterly (without discounts) what will be the quarterly tax?

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