If you are preparing for General or Competitive Exam then you can practice this all question to make your preparation effective. From Topic Tax, Commission and Depreciation we have made several questions for you.
Here are some question prepared by us :-
Tax and Commission
1. A trader gets 2% commission on sales. If he sells a total of 6 lakhs in amount, how much commission he will get ? (Rs 12000)
2. Bishal gets Rs 15 as commission on every sales of Rs 500. How much commission will he get if his monthly sales is Rs 4 lakhs ? (Rs 12000)
3. What should be the rate of commission to get Rs 22500 as commission on sales of Rs 45 lakhs ? (0.5%)
4. An agent gets 4.5% commission on his sales. If he gets a total Rs 18000 as commission, how much was his sales ? (Rs 400000)
5. An employee has an annual income of Rs 240000 and his tax free income is Rs 60000. If he pays 6% tax on first 75000, 10% on the next Rs 75000 and 15% on the remaining sum of taxable income. Find the total tax he has to pay ? (Rs 16500)
6. Income UpTo Rs 150000 is tax free, 3% income tax from 150000 to 330000 and 5% income tax from 330000 and above what amount does a person pay as income tax, who earns Rs 52000 per month ? (Rs 20100)
7. A sales man has a monthly salary of Rs 1400 and gets 6% commission on sales. What should be amount of sales in a month so that he can earn a total of Rs 8000 ? (Rs 110000)
8. The annual earning of a man is Rs 180000 and his tax free income is Rs 60000. If the monthly net income after deducting the tax is Rs 13800, find the rate of income tax. (12%)
9. The yearly income of Sadikshya is Rs 62500. First Rs 15000 is tax free and the next 18000, the rate of tax is 3%. If she pays a for total of Rs 2015 as tax, what is the rate of tax for remaining amount ? (5%)
10. Sweta earns Rs 180000 in a year. If she pays Rs 13000 income tax every year at the rate of 10%, find her tax free allowences. (Rs 50000)
Depreciation
1. The price of a machine is Rs 65000. If the rate of depreciation is 15% p.a., what will be the cost after 2 years ? (Rs 46962.5)
2. In a community jungle, there are 20000 tall trees. Due to energy crises, 8% trees were cut every year. How many trees were cut in 2 years ? (3072)
3. The price of a machine is Rs 500000. If it's price depreciates by 8% every year, by how much the price reduces after 3 years ? (11065.6)
4. The price of an item is Rs 36000. If it's price reduces by Rs 17568 in 3 years, what is the rate of depreciation ? (20%)
5. The price of watch becomes Rs 10240 after 2 years from Rs 16000, what is the rate of depreciation ? (20%)
6. The present price of a television is Rs 35000. If it's price depreciates by 10% every year, after how many years it's price becomes Rs 25515 ? (3 Years)
7. A company was started with an investment of Rs 12 lakhs. In 3 years, the company earned Rs 6 lakhs but the price of 6 machines of the company depreciated by 20% every year. What will be the profit or loss percentage after 3 years ? (1.2%)
8. The present price of machine is Rs 5 lakhs. If the price of the machine depreciates by 15% in first year and then 10% and 5% respectively in the following year, what will be the price of the machine after 3 years ? (Rs 363375)
9. A building worth Rs 50 lakhs is constructed on a plot of land worth Rs 60 lakhs. If the price of the house depreciates by 10% each year, what will be the price of the building including the plot after 3 years ? (Rs 11631000)
10. A finance company's share depreciates by 10% every year for 2 years. If Rs 34300 was received by selling the shares, how many shares of Rs 100 were sold ? (300)
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