Exercise 2.1

In Tax and Money Exchange, we shall discuss the basic monetary exchanges made in the transactions. For a student aiming to become a businessman in future, this unit is an important one.

Tax is a compulsory contribution made by each citizen to the revenue of the country, either directly or indirectly. Value Added Tax is an indirect tax because it is charged on goods and services, but not everyone knows it.

Note: A businessman who deals with the transaction of more than 20 lakhs rupees in a year, also has to pay Value Added Tax.

VAT is always compulsory but few objects or items or products or goods or services are made free from VAT.

Important Formulae:
$SP = CP ( 1 + \frac{P%}{100} )$
$SP = CP (1 - \frac{L%}{100} )$
$SP = \frac{SP\with \VAT}{100 + \frac{VAT%}{100}}$

Creative Section - A

6 a)

7 a)

8 a)

9 a)


Creative Section - B

10 a)

10 c)

About vedanta EXCEL in MATHEMATICS Book 10

Author: Hukum Pd. Dahal
Editor: Tara Bahadur Magar

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Class 10 - Value Added Tax - Tax and Money Exchange - Solved Exercises | vedanta Excel in Mathematics is a collection of the solutions related to exercises of Value Added Tax from Tax and Money Exchange Chapter for Nepal's Secondary Education Examination (SEE) appearing students.

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