Class 11

Balbharti Maharashtra State Board Class 11 Economics Solutions Chapter 1 Basic Concept in Economics Textbook Exercise Questions and Answers.

Maharashtra State Board Class 11 Economics Solutions Chapter 1 Basic Concept in Economics

1. Choose the correct option:

Question 1.
Statements related to Economics:
(a) Economics is a social science.
(b) Concept of economics is derived from the Greek word ‘Oikonomia’.
(c) Economics is related to the study of human economic behaviour.
(d) Economics is related to the management of the household.
Options:
(1) a, b and c
(2) a and b
(3) b and c
(4) a, b, c, and d
Answer:
(1) a, b and c

Question 2.
Statements incorrect with reference to Adam Smith’s definition:
(a) Adam Smith is a classical economist.
(b) Wealth of Nations is authored by Adam Smith.
(c) Economics is the science of wealth.
(d) Economics studies common man.
Options:
(1) d
(2) a, b and c
(3) a and d
(4) c and d
Answer:
(1) d

Question 3.
Key points in Lionel Robbins’ definition:
(a) Wants are unlimited
(b) Means are limited
(c) Wants are not gradable
(d) Means have alternative uses.
Options:
(1) a and b
(2) b and c
(3) a, b and d
(4) a, b, c, and d
Answer:
(4) a, b, c, and d

Question 4.
Statements related to wealth:
(a) Wealth means anything which has market value and can be exchanged for money.
(b) It is external to a human beings.
(c) Wealth has no utility.
(d) Wealth is scarce and exchangeable.
Options:
(1) a, b and d
(2) a, c and d
(3) b, c, and d
(4) None of the above
Answer:
(1) a, b and d

Question 5.
Aspects considered in National Income:
(a) Final goods and services are included in national income.
(b) Produced goods in a financial year are included in national income.
(c) Double counting is avoided.
(d) Value is considered as per market price.
Options:
(1) a and c
(2) b and c
(3) a, c and d
(4) a, b, c, and d
Answer:
(3) a, c and d

2. Complete the correlation:

Question 1.
Natural sciences : Exact sciences : : Social sciences : ___________
Answer:
Abstract/Inexact Sciences

Question 2.
Physics : ___________ : : Psychology : Social Science
Answer:
Natural Science

Question 3.
Arthashastra : Kautilya : : Wealth of Nations : ___________
Answer:
Adam Smith

Question 4.
Necessity : ___________ : : Comforts : Washing machine
Answer:
Food

Question 5.
Free goods : Value-in-use : : Economic goods : ___________
Answer:
Value-in-exchange

3. Identify and explain the concepts from the given illustrations:

Question 1.
My father purchased a two-wheeler vehicle. This helps to fulfill my travel needs.
Answer:
Comfort Want.
Comforts are those wants that make our life comfortable. In the above illustration, the purchase of a two-wheeler vehicle will make my travel easier. It is not a necessity, it is for my comfort.

Question 2.
A study of the annual income of the family of Ramesh.
Answer:
Micro Economic – Personal Income
Microeconomics is the study of particular firms, particular households’ individual prices, wages, incomes, individual industries, particulars commodities. In the above illustration, since it is a study of individual families, it will rightly be said as microeconomic and form the part of Personal Income.

Question 3.
As per the data for the financial year 2018-19, the country’s production of goods and services increased by 20%.
Answer;
Economic Growth.
Economic growth means an increase in the real national income of the country. In the above illustration, since the country’s production of goods and services has increased, it is rightly said to be economic growth.

Question 4.
Karuna’s mother saves ₹ 1000/- every month out of her given salary.
Answer:
Savings.
Saving is a part of income, which is kept aside to meet future needs. In the above illustration, since Karuna’s mother is foregoing her current consumption, it forms part of her savings.

Question 5.
Ram’s father utilized his provident fund amount to set up the grocery store.
Answer:
Investment.
Investment refers to the creation of capital assets through mobilisation of savings. In the above case, Mr. Ram’s father mobilises his savings of provident fund into a business of grocery store, which is called as Investment.

4. Answer the following:

Question 1.
Explain the features of wealth.
Answer:
In economics, wealth is anything that has market value and which commands a price.
Wealth is a commodity that can be exchanged for money.
A commodity must possess the following features to be considered wealth.

• Utility
• Scarcity
• Transferability
• Externality

(i) Utility: Utility means the capacity of a commodity to satisfy a human want. A commodity must have to want satisfying power. E.g. books, calculators, etc. have utility. So they are regarded as wealthy.

(ii) Scarcity: A commodity is called wealth, if it is scarce in supply then its demand. All economic goods are considered as wealth because the price is paid for them due to scarcity.

(iii) Transferability: A commodity is called wealth if it can be transferred from one person to another. It includes material or tangible goods. E.g. furniture, car, etc.

(iv) Externality: A commodity is regarded as wealth only if it has externality i.e. it must be external to the human body. E.g. computer.
(In the case of transferability, Physical transferability means the actual transfer of goods from one person to another. Whereas, notional transferability refers to the transfer of ownership rights. E.g. land, building, etc.) Internal qualities of human beings like voice, beauty, etc. are neither external nor transferable. So they are not wealthy in an economic sense.

Question 2.
Explain the characteristics of human wants.
Answer:
In the ordinary sense, the word, ‘want,’ and ‘need’ are considered as same. But, in economics, a need is something that is necessary for survival whereas, want is the expression of lack of satisfaction. It enables the person to satisfy his want.

Characteristics of wants are as follows:

• Wants are unlimited: Wants are multiple. They are never-ending. They arise again and again. When one want is satisfied another arises. Wants go on increasing.
• Wants are recurring in nature: Some of the humans want to occur again and again. They arise even if it is satisfied once. E.g. We take food after a certain time interval to satisfy hunger.
• Wants are complementary: Some wants are complementary to each other. Sometimes, two or more goods are required to satisfy single want. E.g. the want for mobile can be satisfied only when we fulfill the want of a sim card.
• Wants to differ with gender: Wants of men and women are different, as per their needs. E.g. a lady may take Saree while a gentleman wants a Shirt and Tie.
• Wants to differ with age: Human wants to go on changing as age differs. E.g. a baby wants a doll whereas a student wants a book, etc.
• Wants are competitive: We cannot satisfy all our wants at a time because means are limited. So there is competition among wants. That want is preferred first which is most urgent.
• Wants are alternative: Some wants are alternative. E.g. having tea or coffee, using an umbrella or raincoat, etc.
• Wants to differ with culture: Human wants to vary with culture. E.g. an American wants a coat and hat while an Indian wants a kurta.
• Wants to differ with climate: Wants to go on changing with the season. E.g. a person who wants woolen clothes in winter and Ice-cream in summer.
• Wants to differ with preferences: Human wants to differ according to tastes and preferences. Wants are also influenced by the habits of the people. E.g. Person ‘A’ has a preference for books, while Person ‘B’ has a preference for clothes.

5. State with reasons whether you agree or disagree with the following statements:

Question 1.
All wants can be satisfied at a time.
Answer:
No, I do not agree with the statement.

• Human wants are unlimited.
• They are unending. If one want is satisfied, another want arises and this goes on to increase.
• Some wants occur again and again even if satisfied once.

Question 2.
Human wants change as per the seasons and preferences.
Answer:
Yes, I agree with the statement.

• In the economic sense want means a feeling of ‘lack of satisfaction,
• This feeling enables the person to satisfy his want.
• Human wants to differ with seasons.
• E.g. a person requires woolen clothes in winter and an umbrella in the rainy season.
• Wants also differ from preferences, i.e. they are influenced by individual habits and tastes.

Question 3.
Value-in-use and Value-in-exchange are the same.
Answer:
No, I do not agree with the statement.

• Value-in-use refers to the usefulness of a commodity. Air, Water, Sunshine, etc. have high value in use.
• They are basically free goods.
• Value in exchange means the value of a commodity expressed in terms of money that is the price of a commodity.
• E.g. Car, T.V., computers, etc., have value-in-exchange as they command a price. They are called economic goods. Thus, value in use and value in exchange is not the same.

6. Answer in detail:

Question 1.
Explain the basic concepts of macroeconomics.
Answer:
Macroeconomics is the study of aggregates covering the entire economy like total employment, national income, national output, total investment, total savings, total consumption, aggregate supply, aggregate demand, general price level, etc.

Concepts of Macro Economics.

• National Income: It is the aggregate monetary value of all final goods and services produced in a country during a year.
• Saving: It is that part of income that is not spent currently as consumption in order to satisfy future needs.
• Investment: It means the creation of capital assets through mobilisation of savings, e.g. investment in machinery, equipment, etc.
• Trade Cycles: Fluctuations in business due to inflation and deflation in the economy are called trade cycles.
• Economic Growth: It means an increase in the real income of the country, over a larger period of time It
  is a quantitative concept.
• Economic Development: It means economic growth along with progressive changes in the well-being of the people of the country. It is a qualitative concept.

11th Economics Digest Chapter 1 Basic Concept in Economics Intext Questions and Answers

Do you know? [Textbook Page. No. 1]

Who was Kautilya?
Answer:
Kautilya was a great statesman, philosopher, economist, and royal advisor during the Mourya period. He is also known as ‘Chanakya’ or ‘Vishnugupta’. He wrote a book called ‘Arthashastra’.

Do you know? [Textbook Page. No. 2]

(a) Who contributed to the field of Environmental Economics?
Answer:
Mr. Nordhaus contributed to the field of Environmental Economics.

(b) Who won Nobel Memorial Prize in Economics for 2018?
Answer:
Paul Romer and William Nordhaus won Nobel Memorial Prize in Economics for 2018.

Find out: [Textbook Page No. 2]

Other Nobel Prize winners in Economics.
Answer:
Nobel Prize Winners (2010 – 2017)

Year	Noble Prize Winners
2010	Dale T. Mortensen, Christopher A. Pissarides, Peter Diamond
2011	Thomas J. Sargent, Christopher A. Sims
2012	Alvin E. Roth, Lloyd Shapley
2013	Robert J. Shiller, Eugene Fama, Lars Peter Hansen
2014	Jean Tirole
2015	Angus Deaton
2016	Bengt Holmstrom, Olive Hart
2017	Richard Thaler
2018	William Nordhaus, Paul Romer
2019	Abhijit Banerjee, Esther Duflo, Michael Kremer
2020	Paul Milgrom, Robert B. Wilson

Do you know? [Textbook Pg. No. 2]

Name the economist belonging to:

Classical School of Thought of 18th century	Neo-classical School of Thought of 19th and 1st half of 20th century	Modern School of Thought from 20th century till date.

Answer:

Classical School of Thought of 18th century	Neo-classical School of Thought of 19th and 1st half of 20th century	Modern School of Thought from 20th century till date.
Adam Smith, David Ricardo, J. S. Mill, T. R. Malthus, etc.	Alfred Marshall, A. C. Pigou, Irving Fisher, etc.	J. M. Keynes, Lionel Robbins, Paul Samuelson, etc.

Find out. [Textbook Page No. 4]

Which of the following is ‘free good’ or ‘economic good’?

• Water in river
• Oxygen in cylinder
• Sunshine
• Water processed for drinking
• Air

Answer:

Free Good	Economic Good
Water in river Sunshine Air	Oxygen in cylinder Water processed for drinking

Do you know? [Textbook Page No. 5]

What do you mean by Physical transferability and Notional transferability?
Answer:
Physical transferability: When goods can be actually transferred from one person to another and from one place to another place it has physical transferability. E.g. Motor Car, Furniture, Machinery, etc. Notional transferability: When goods cannot be actually transferred physically it has notional transferability. E.g. Land, Building, etc.

Try this: [Textbook Page No. 5]

Prepare a list of commodities that satisfy the condition of physical transferability and notional transferability.
Answer:

Commodities having Physical Transferability	Commodities having Notional Transferability
Motor Car Furniture Machinery Consumer goods	Land Building Premises

Do you know? [Textbook Page No. 5]

Why are inborn qualities not considered wealth?
Answer:
Inborn qualities like beauty, melodious voice, etc. are not considered as wealth because they do not possess all the features of wealth like – externality and transferability.

You Should Know? [Textbook Page No. 5]

Explain various types of income?
Answer:

• Fixed income: Income that remains stable over a period of time is called fixed income. It is always positive. E.g. rent, wages, etc.
• Fluctuating income: Income that is not fixed but keeps on changing is called Fluctuating income. E.g. profit. It can be positive, negative, or zero.
• Money income: Income received in the actual currency of the country is called Money income. It is the income in cash, E.g. ₹ 70,000.
• Real income: The purchasing power of money income is called Real income. E.g. Commodities purchased out of money income.
• Contractual income: Income paid as per the terms and conditions of the contract is called Contractual income. E.g. rent, wages, etc.
• Residual income: Income that is left over after making payments to all factors of production is called residual income, E.g. profit.
• Earned income: Income obtained after participating in the productive activity is called Earned income. E.g. rent, wages, interest, profit.
• Unearned income: Income received from all sources without indulging in any productive activity is called Unearned income. E.g. windfall gains, lottery prizes.

Always remember [Textbook Page No. 6]

What activities are considered ‘unproductive’?
Answer:
Activities that are carried out just for sake of charity or hobby or where no monetary exchange takes place are considered as ‘unproductive’ activities.

Do you know? [Textbook Page No. 7]

What is ‘Cyclical Unemployment’?
Answer:
Unemployment created due to the impact of cyclical fluctuations is called ‘Cyclical Unemployment. It occurs due to inflation and depression in the economy.

Find out: [Textbook Page No. 7]

Which of the following terms is a part of microeconomics or macroeconomics?

• Global poverty
• Price of a commodity
• Balance of payments
• Profits of a firm
• National income

Answer:

Micro Economics	Macro Economics
Price of a commodity Profits of a firm	Global Poverty Balance of payments National Income

Read More: BEL Pivot Calculator

Balbharati Maharashtra State Board Marathi Yuvakbharati 11th Digest Notes Pdf, Yuvakbharati 11th Marathi Digest Pdf 2021-2022, 11 वी मराठी पुस्तक, 11th Marathi Text Book Answers PDF Free Download.

Maharashtra State Board Marathi Yuvakbharati 11th Digest Text Book Solutions Answers Pdf | 11th Marathi Notes

11th Marathi Digest Pdf 2021-2022 भाग-१

• Chapter 1 मामू
• Chapter 2 प्राणसई
• Chapter 3 अशी पुस्तकं
• Chapter 4 झाडांच्या मनात जाऊ
• Chapter 5 परिमळ
• Chapter 6 दवांत आलिस भल्या पहाटीं

11th Marathi Notes भाग-२

• Chapter 7 ‘माणूस’ बांधूया!
• Chapter 8 ऐसीं अक्षरें रसिके
• Chapter 9 वहिनींचा ‘सुसाट’ सल्ला
• Chapter 10 शब्द
• Chapter 11 वाङ्‌मयीन लेण्याचा शिल्पकार
• Chapter 12 पैंजण

Marathi Yuvakbharati 11th Digest Pdf भाग-३ साहित्यप्रकार

• Bhag 3 नाटक- साहित्यप्रकार-परिचय
• Bhag 3.1 हसवाफसवी
• Bhag 3.2 ध्यानीमनी
• Bhag 3.3 सुंदर मी होणार

11th Marathi Book Answers भाग-४ उपयोजित मराठी

• Bhag 4.1 सूत्रसंचालन
• Bhag 4.2 मुद्रितशोधन
• Bhag 4.3 अनुवाद
• Bhag 4.4 अनुदिनी (ब्लॉग) लेखन
• Bhag 4.5 रेडिओजॉकी

11th Marathi Textbook Pdf Download 2021 भाग-५ व्याकरण

• Bhag 5.1 शब्दशक्ती
• Bhag 5.2 काव्यगुण
• Bhag 5.3 वाक्यसंश्लेषण
• Bhag 5.4 काळ
• Bhag 5.5 शब्दभेद
• शब्दसिद्धी
• शब्दांच्या जाती
• विरामचिन्हे
• गटात न बसणारा शब्द
• पारिभाषिक शब्द
• निबंध लेखन

Marathi Yuvakbharati 11th Book भाग-५ परिशिष्टे

Maharashtra State Board Class 11 Textbook Solutions

Maharashtra State Board English Yuvakbharati 11th Digest Textbook Solutions Answers Guide

11th Std English Digest Pdf 2021-2022 Section 1 (Prose)

• Chapter 1.1 Being Neighborly
• Chapter 1.2 On To The Summit: We Reach The Top
• Chapter 1.3 The Call of the Soil
• Chapter 1.4 Pillars of Democracy
• Chapter 1.5 Mrs. Adis
• Chapter 1.6 Tiger Hills

Yuvakbharati English 11th Textbook Answers Solutions Section 2 (Poetry)

• Chapter 2.1 Cherry Tree
• Chapter 2.2 The Sower
• Chapter 2.3 There is Another Sky
• Chapter 2.4 Upon Westminster Bridge
• Chapter 2.5 Nose Versus Eyes
• Chapter 2.6 The Planners

English Yuvakbharati 11th Digest Pdf Section 3 (Writing Skills)

• Chapter 3.1 Expansion of Ideas
• Chapter 3.2 Blog Writing
• Chapter 3.3 E-mails
• Chapter 3.4 Interview
• Chapter 3.5 Film Review
• Chapter 3.6 The Art of Compering

Yuvakbharati English 11th Guide Digest Section 4 (Genre-Drama)

• Chapter 4.1 History of English Drama
• Chapter 4.2 The Rising of the Moon
• Chapter 4.3 Extracts of Drama – (A) A Midsummer – Night’s Dream
• Chapter 4.3 Extracts of Drama – (B) An Enemy of the People

Maharashtra State Board Class 11 Textbook Solutions

Maharashtra State Board OCM 11th Commerce Textbook Solutions Digest

• Chapter 1 Introduction of Commerce and Business
• Chapter 2 Trade
• Chapter 3 Small Scale Industry and Business
• Chapter 4 Forms of Business Organisation – I
• Chapter 5 Forms of Business Organisation – II
• Chapter 6 Institutes Supporting Business
• Chapter 7 Business Environment
• Chapter 8 Introduction to Management

Maharashtra State Board Class 11 Textbook Solutions

Maharashtra State Board Hindi Yuvakbharati 11th Digest Pdf 2021-2022, Hindi Digest Std 11 Pdf Download, Yuvakbharati Hindi 11th Textbook Pdf, 11th Ka Hindi Book Pdf Maharashtra Board, 11th Commerce Hindi Book Guide Question and Answer PDF Free Download.

Maharashtra State Board Yuvakbharati 11th Std Hindi Digest Textbook Solutions Answers

11th Hindi Digest Pdf | Hindi Yuvakbharati 11th Digest Pdf Download

• Chapter 1 प्रेरणा
• Chapter 2 लघु कथाएँ (अ) उषा की दीपावली (आ) मुस्कु राती चोट
• Chapter 3 पंद्रह अगस्त
• Chapter 4 मेरा भला करने वालों से बचाएँ
• Chapter 5.1 मध्ययुगीन काव्य (अ) भक्ति महिमा
• Chapter 5.2 मध्ययुगीन काव्य (आ) बाल लीला
• Chapter 6 कलम का सिपाही
• Chapter 7 स्वागत है!
• Chapter 8 तत्सत
• Chapter 9 गजलें (अ) दोस्ती (आ) मौजूद
• Chapter 10 महत्त्वाकांक्षा और लोभ
• Chapter 11 भारती का सपूत
• Chapter 12 सहर्ष स्वीकारा है

Yuvakbharati Hindi 11th Textbook Pdf विशेष अध्ययन हेत

• Chapter 13 नक्कड़ नाटक (अ) मौसम (आ) अनमोल जिंदगी

Class 11 Hindi Digest Pdf व्यावहारिक हिंदी

• Chapter 14 हिंदी में उज्ज्वल भविष्य की संभावनाएँ
• Chapter 15 समाचार : जन से जनहित तक
• Chapter 16 रेडियो जॉकी
• Chapter 17 ई-अध्ययन : नई दृष्टि

11th Std Hindi Textbook Guide Pdf Download परिशिष

• मुहावरे
• भावार्थ : भक्ति महिमा और बाल लीला
• रेडियो जॉकी और रेडियो संहिता
• पारिभाषिक शब्दावली
• ज्ञानपीठ पुरस्कार प्राप्त हिंदी साहित्यकार
• हिंदी साहित्यकारों के मूल नाम और उनके विशेष नाम
• मुद्रित शोधन चिह्नदर्शक तालिका
• अपठित गद्यांश
• अपठित काव्यांश
• व्याकरण
  • रस वात्सल्य, वीर, करुण, हास्य, भयानक
  • अलंकार (शब्दालंकार)
  • वाक्य शुद्धिकरण
  • काल परिवर्तन
  • मुहावरे
  • शब्द संपदा
• रचना
  • निबंध लेखन
  • पत्र लेखन
  • विज्ञापन लेखन
  • अनुवाद लेखन
  • गद्य आकलन
  • संभाषण लेखन
  • वृत्तांत लेखन

Maharashtra State Board Class 11 Textbook Solutions

Balbharati Maharashtra State Board 11th Commerce Maths Solution Book Pdf Chapter 9 Commercial Mathematics Miscellaneous Exercise 9 Questions and Answers.

Maharashtra State Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Miscellaneous Exercise 9

Question 1.
A man buys a house for ₹ 10 lakh and rents it. He puts 10% of the annual rent aside for repairs, pays ₹ 1,000 as annual taxes, and realizes 8% on his investment thereafter. Find the annual rent of the house.
Solution:
Let ₹ ‘x’ be the annual rent of the house.
The man keeps 10% of the annual rent aside for repairs.
i.e., \(\frac{10}{100}\) × x or ₹ \(\frac{x}{10}\) aside tor repairs.
In addition, he pays ₹ 1000 as annual taxes.
After incurring these expenses he is left with an amount which is 8% of his investment for the house.

∴ The annual rent of the house is ₹ 90,000.

Question 2.
Rose got 30% of the maximum marks in an examination and failed by 10 marks. However, Lily who appeared for the same examination got 40% of the total marks and got 15 marks more than the passing marks. What were the passing marks in the examination?
Solution:
Let maximum marks be x
Rose scored 30% of maximum marks
i.e. Rose scored \(\frac{30}{100}\)x
Rose failed by 10 marks
∴ passing marks = \(\frac{30}{100}\)x + 10 …..(i)
Lily scored 40% of maximum marks
i.e. Lily scored \(\frac{40}{100}\)x
Lily scored 15 marks more than passing marks
∴ passing marks = \(\frac{40}{100}\)x – 15 ……(ii)
equating (i) and (ii),
\(\frac{30x}{100}\) + 10 = \(\frac{40x}{100}\) – 15
∴ 10 + 15 = \(\frac{40 x-30 x}{100}\)
∴ 10x = (25)(100)
∴ x = 250
From (i), passing marks = \(\frac{30}{100}\)(250) + 10
= 75 + 10
= 85
∴ Passing marks for the examination were 85.

Question 3.
Ankita’s Salary was reduced by 50%. Again the reduced salary was increased by 50%. Find loss in terms of percentage.
Solution:
Let Ankita’s initial salary be ₹ ‘x’.
Her salary was reduced by 50%.
∴ Ankita’s salary after reduction = x(1 – \(\frac{50}{100}\))
= x(1 – \(\frac{1}{2}\))
= \(\frac{x}{2}\)
Ankita’s reduced salary was then increased by 50%
∴ Ankita’s final salary after the increase

∴ Loss in Ankita’s salary after the decrease and increase = x – \(\frac{3 x}{4}\) = \(\frac{x}{4}\)

∴ Ankita lost 25% of her salary.

Question 4.
By selling 300 lunch boxes, a shopkeeper gains the selling price of 100 lunch boxes. Find his gain percent.
Solution:
Let ₹ x be the selling price (S.P.) of one lunch box.
∴ S.P. of 300 lunch boxes = 300x
and S.P. of 100 lunch boxes = 100x
Gain = 100x ……[given]
C.P. of 300 lunch boxes = S.P. – Gain
= 300x – 100x
= 200x

∴ The shopkeeper’s gain percentage is 50%.

Question 5.
A salesman sold an article at a loss of 10%. If the selling price has been increased by ₹ 80, there would have been a gain of 10%. What was the cost of the article?
Solution:
Let ₹ x be the cost price of the article.
S.P. of the article = x – \(\frac{10}{100}\)x = \(\frac{9x}{100}\) …….(i)
Given that, S.P. increased by ₹ 80 would have given 10% gain

∴ The cost price of the article is ₹ 400

Question 6.
Find the single discount equivalent to a series discount of 10%, 20%, and 15%.
Solution:
Let the marked price be ₹ 100
After 1st discount the price = 100(1 – \(\frac{10}{100}\)) = 90
After 2nd discount the price = 90(1 – \(\frac{20}{100}\)) = 72
After 3rd discount the price = 72(1 – \(\frac{15}{100}\)) = 61.2
∴ The selling price after 3 discounts is ₹ 61.2.
∴ Single equivalent discount = marked price – selling price
= 100 – 61.2
= ₹ 38.8
∴ The single equivalent discount is ₹ 38.8 on ₹ 100.
i.e. The single equivalent discount is 38.8%.

Question 7.
Reshma put an amount at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, she would have received ₹ 360 more. Find the sum.
Solution:
Let P and R represent the principal amount and rate of interest p.a. respectively.
Given duration = T = 3 years
Simple interest = \(\frac{\mathrm{PRT}}{100}=\frac{3 \mathrm{PR}}{100}\)
Given that, had the amount been kept at 2% more, then the gain would have been ₹ 360 more.

∴ The sum of money is ₹ 6,000.

Question 8.
The compound interest on ₹ 30000 at 7% p.a. is ₹ 4347. What is the period in years?
Solution:
Given that,
Principal (P) = ₹ 30,000
Rate of interest (R) = 7% p.a.
Compound interest = ₹ 4,347
Amount after compound interest

= \(\left(\frac{107}{100}\right)^{2}\)
= (1.07)²
∴ T = 2
∴ Amount is invested for 2 years.

Question 9.
The value of the machine depreciates at the rate of 15% p.a. It was purchased 2 years ago. Its present value is ₹ 7,225. What was the purchase price of the machine?
Solution:
Given,
Rate of depreciation = r = 15%
Number of years = n = 2 years
Present value of machine = P.V. = ₹ 7,225
The purchase price (V) of the machine can be found using

∴ The purchase price of the machine was ₹ 10,000/-.

Question 10.
A tree increases annually by \(\frac{1}{8}\) of its height. By how much will it increase after 2\(\frac{1}{2}\) years. If its length today is 8 m?
Solution:
The height of the tree today is 8m.
The height of the tree increases by \(\frac{1}{8}\)th of its height every year.
At the end of 1st year, height of the tree will be = 8 + \(\frac{1}{8}\) × 8 = 9 m
And, at the end of the 2nd year, height of the tree will be = 9 + \(\frac{1}{8}\) × 9
= 9(1 + \(\frac{1}{8}\))
= 9 × \(\frac{9}{8}\)
= \(\frac{81}{8}\)
After six more months, the height of the tree will be

∴ Increase in the height of the tree after 2\(\frac{1}{2}\) years = 10.75 – 8 = 2.75 m.

Question 11.
A building worth ₹ 1,21,000 is constructed on land worth ₹ 81,000. After how many years will the value of both be the same if land appreciates at 10% p.a and buildings depreciate at 10% p.a.
Solution:
Given,
Value of the building = V.B. = ₹ 1,21,000
Value of land = V.L. = ₹ 81,000/-
Rate of appreciation of land = rate of depreciation of building = r = 10%.
For the value of building and land to be the same.

∴ n = 2 years.
∴ After two years value of the building and land will be the same.

Question 12.
Varun invested 25%, 30%, and 20% of his savings in buying shares of three different companies, ‘A’, ‘B’, and ‘C’ which declared dividends, 10%, 12%, and 15% respectively. If his total income on account of dividends is ₹ 6,370/-, find the amount he invested in buying shares of company ‘B’.
Solution:
Let ‘T’ be Varan’s total savings.
∴ Investment of Varan in:
Company A = 25% of T = \(\frac{25}{100}\) × T = \(\frac{T}{4}\),
Company B = 30% of T = \(\frac{30}{100}\) × T = \(\frac{3T}{10}\),
Company C = 20% of T = \(\frac{20}{100}\) × T = \(\frac{T}{5}\)
Company A, B and C declared dividends 10%, 12% and 15% respectively.
∴ Dividend from company A = 10% of \(\frac{T}{4}\)

∴ Varan invested ₹ 21,000 in company B.

Question 13.
Find the annual dividend received from ₹ 25,000, 8% stock at ₹ 108.
Solution:
Amount invested = ₹ 25,000
Dividend = 8%
Assuming face value F.V. as ₹ 100
Annual income per share = \(\frac{\text { Dividend }}{100} \times \text { Face value }\)
= \(\frac{8}{100}\) × 100
= ₹ 8
Market value of the share M.V. = ₹ 108

Annual dividend on amount invested = Rate of return × amount invested
= \(\frac{7.4}{100}\) × 25,000
= ₹ 1850
∴ Annual dividend of ₹ 1,850 is received from 8% stock at ₹ 108.
Alternate approach
Assuming ₹ 25,000 as the total face value of all the shares.
Since the dividend is 8%,
Annual dividend = \(\frac{8}{100}\) × 25,000 = ₹ 2,000

Question 14.
A, B, and C enter into a partnership. A invests 3 times as much as B invests and B invests two-thirds of what ‘C’ invests. At the end of the year, the profit earned is ₹ 8,800. What is the share of ‘B’?
Solution:
Let ‘a’, ‘b’ and ‘c’ be the amounts invested by A, B and C respectively.
Given that, A invests 3 times as much as B and B invests two third of what ‘C’ invests.
∴ a = 3b and b = \(\frac{2}{3}\)c
∴ \(\frac{a}{b}=\frac{3}{1}\) and \(\frac{b}{c}=\frac{2}{3}\)
or \(\frac{a}{b}=\frac{6}{2}\) and \(\frac{b}{c}=\frac{2}{3}\)
∴ a : b = 6 : 2 and b : c = 2 : 3
∴ a : b : c = 6 : 2 : 3
Given that profit earned = ₹ 8800
∴ Share of ‘B’ in profit = \(\frac{2}{11}\) × 8800 = ₹ 1600
∴ B’share in profit is ₹ 1600.

Question 15.
The ratio of investment of two partners Santa and Banta is 11 : 12 and the ratio of their profits is 2 : 3. If Santa invested the money for 8 months, then for how much time did Banta his money?
Solution:
Let ‘x’ be the time in months for which Banta invested his money
Santa and Banta invested their money in the ratio 11 : 12.
Santa invested his money for 8 months and the ratio of their profits is 2 : 3.
∴ 11 × 8 : 12 × x = 2 : 3
∴ \(\frac{88}{12 x}=\frac{2}{3}\)
∴ x = \(\frac{88 \times 3}{2 \times 12}\)
∴ x = 11
∴ Banta invested his money for 11 months.

Question 16.
Akash, Sameer, and Sid took a house on rent for one year for ₹ 16,236. They stayed together for 4 months and then Sid left the house. After 5 more months, Sameer also left the house. How much rent should each pay?
Solution:
Let ‘R’ be the rent per month to be paid to the landlord.
Given that, Sid left the house after 4 months
∴ Rent paid by Sid = \(\frac{R}{3}\) × 4 = \(\frac{4R}{3}\)
Sameer left the house after another 5 months,
∴ Rent paid by Sameer = \(\frac{R}{2}\) × 5 + \(\frac{R}{3}\) × 4
= R(\(\frac{5}{2}+\frac{4}{3}\))
= \(\frac{23R}{6}\)
Akash stayed in the house for the entire year.
∴ Rent paid by Akash = 3R + \(\frac{R}{2}\) × 5 + \(\frac{R}{3}\) × 4
= R(3 + \(\frac{5}{2}+\frac{4}{3}\))
= \(\frac{41R}{6}\)
∴ The rent paid by the three of them, over that period of one year must be in the proportion.
\(\frac{41 \mathrm{R}}{6}: \frac{23 \mathrm{R}}{6}: \frac{4 \mathrm{R}}{3}\)
i.e. in the proportion
41 : 23 : 8 …..(multiplying throughout by \(\frac{6}{R}\))
Let x be the constant of proportionality.
Rent to be paid by Akash = ₹ 41x
Rent to be paid by Sameer = ₹ 23x
and rent to be paid by Sid = ₹ 8x
The total rent for the house was ₹ 16236.
∴ 41x + 23x + 8x = ₹ 16236
∴ 72x = 16236
∴ x = 225.5
∴ Akash should pay 41x = 41 × 225.5 = ₹ 9245.5
Sameer should pay 23x = 23 × 225.5 = ₹ 5186.5
and Sid should pay 8x = 8 × 225.5 = ₹ 1804

Question 17.
Ashwin Auto Automobiles sold 10 motorcycles. Total sales amount was ₹ 6,80,000. 18% GST is applicable. Calculate how much CGST and SGST the firm has to pay.
Solution:
Given, total sales amount for Ashwin Automobiles was ₹ 6,80,000.
18% GST is applicable.
∴ GST payable = 18% of 6,80,000
= \(\frac{18}{100}\) × 6,80,000
= ₹ 1,22,400
Now CGST = SGST = 9%
= \(\frac{\text { GST payable }}{2}\)
= \(\frac{1,22,400}{2}\)
= ₹ 61,200
∴ CGST = SGST = ₹ 61,200

Question 18.
‘Sweet 16’ A ready made garments shop for Women’s garments, purchased stock for ₹ 4,00,000 and sold that stock for ₹ 5,50,000 (12% GST is applicable) Find,
(i) Input Tax Credit
(ii) CGST and SGST paid by the firm.
Solution:
Given that, stock purchased by ‘Sweet 16’ was worth ₹ 4,00,000
GST applicable is 12%.
∴ Input tax = 12% of 4,00,000
= \(\frac{12}{100}\) × 4,00,000
= ₹ 48,000
∴ Input tax Credit (ITC) = ₹ 48,000
The garment stock was sold for ₹ 5,50,000
Output tax = 12% of 5,50,000
= \(\frac{12}{100}\) × 5,50,000
= ₹ 66,000
∴ GST payable = output tax – ITC
= 66,000 – 48,000
= ₹ 18,000
∴ CGST = SGST = \(\frac{\text { GST payable }}{2}\) = ₹ 9,000

Balbharati Maharashtra State Board 11th Commerce Maths Solution Book Pdf Chapter 9 Commercial Mathematics Ex 9.7 Questions and Answers.

Maharashtra State Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Ex 9.7

Question 1.
Shantanu has a choice to invest in ₹ 10 shares of two firms at ₹ 13 or at ₹ 16. If the first firm pays a 5% dividend and the second firm pays a 6% dividend per annum, find:
(i) Which firm is paying better?
(ii) If Shantanu invests equally in both the firms and the difference between the return from them is ₹ 30. Find how much, in all, does he invest.
Solution:
(i) For firm 1:
Face value of the share (F.V.) = ₹ 10
Market value of the share (M.V.) = ₹ 13
Dividend = 5%
∴ Annual income from the share = \(\frac{5}{100}\) × 10 = ₹ 0.5

For firm 2:
Face value of the share (F.V.) = ₹ 10
Market value of the share (M.V.) = ₹ 16
Dividend = 5%
∴ Annual income from the share = \(\frac{6}{100}\) × 10 = ₹ 0.6

Since, the profit percentage from firm 1 > profit percentage from firm 2, the first firm is paying better.

(ii) Let ‘X’ be the amount Shantanu invests in each of the firms.
Given that difference between the return from them is ₹ 30, we have

In all, Shantanu invests = 2X
= 2 × 31,200
= ₹ 62,400/-

Question 2.
A dividend of 9% was declared on ₹ 100 shares selling at a certain price in the stock market. If the rate of return is 7.5% calculate
(i) The market price of each share, and
(ii) The amount to be invested to obtain an annual dividend of ₹ 630.
Solution:
(i) Given that,
Face value of the share (F.V) = ₹ 100
Dividend = 9%
Rate of return = 7.5%
Annual income from the share = \(\frac{9}{100}\) × 100 = ₹ 9

∴ The market price of the share is ₹ 120.

(ii) Let ‘X’ be the amount to be invested to obtain an annual dividend of ₹ 630.
∴ 7.5% of X is ₹ 630
∴ \(\frac{7.5}{100}\) × X = 630
∴ X = \(\frac{630 \times 100}{7.5}\)
∴ X = 8400
∴ ₹ 8400 need to be invested to obtain an annual dividend of ₹ 630.

Question 3.
Nilesh has the option of investing his money in 8% ₹ 10 shares at a premium of ₹ 3.50 or 7% ₹ 100 shares at a premium of 20%. Which of the two investments will be more profitable for him?
Solution:
For share 1:
Face value of the share (F.V.) = ₹ 10
Premium = ₹ 3.5
∴ Market value of the share (M.V.) = 10 + 3.5 = ₹ 13.5
Dividend = 8 %
∴ Annual income from the share = \(\frac{8}{100}\) × 10 = ₹ 0.8

= \(\frac{800}{135}\)
= 5.93%

For share 2:
Face value of the share (F.V.) = ₹ 100
Premium = 20%
∴ Market value of the share (M.V.) = 100 + (\(\frac{20}{100}\) × 100) = ₹ 120
Dividend = 7%
Annual income from the share = \(\frac{7}{100}\) × 100 = ₹ 7

Since, profit percentage from share 1 > profit percentage from share 2, investing in the first kind of shares will be more profitable for Nilesh.

Question 4.
Sudhakar invests ₹ 1344 in buying shares of face value ₹ 24 selling at a 12% premium. The dividend on the shares is 15% per annum. Calculate
(i) The number of shares Sudhakar buys, and
(ii) The dividend he receives annually.
Solution:
Given that,
Face value of the share (F.V.) = ₹ 24
Premium = 12%
∴ Market value of the share (M.V.) = 24 + (\(\frac{12}{100}\) × 24) = ₹ 26.88
(i) Sudhakar invests ₹ 1344 in the shares
∴ Number of shares purchased by Sudhakar = \(\frac{1344}{26.88}\) = 50
∴ Sudhakar buys 50 shares.
(ii) Dividend on the share = 15%
Annual income on one share = \(\frac{15}{100}\) × 24 = ₹ 3.6
∴ The total dividend he receives annually = 50 × 3.6 = ₹ 180
∴ Sudhakar receives ₹ 180 as his annual dividend.

Question 5.
Sameer invests ₹ 5625 in a company paying 7% per annum when the share of ₹ 10 stands for ₹ 12.50. Find Sameer’s income from this investment. If he sells 60% of these shares of ₹ 10 each, find his gain or loss in this transaction.
Solution:
Given:
Face value of the share (F.V.) = ₹ 10
Market value of the share (M.V.) = ₹ 12.5
Amount invested in shares = ₹ 5625
∴ Number of shares purchased by Sameer = \(\frac{5625}{12.5}\) = 450
Dividend = 7%
Annual income from one share = \(\frac{7}{100}\) × 10 = ₹ 0.7
∴ Sameer’s income from this investment = number of shares × annual income from one share
= 450 × 0.7
= ₹ 315
Sameer sells 60 % of these shares = \(\frac{60}{100}\) × 450 = 270 shares
Sameer purchased these shares at ₹ 12.5 per share.
∴ Purchase price for these shares = 270 × 12.5 = ₹ 3375
If he sells these shares at ₹ 10 per share, he would receive 270 × 10 = ₹ 2700
∴ In this transaction, Sameer would incur a loss of 3375 – 2700 = ₹ 675

Question 6.
Geeta buys ₹ 100 shares of a company that pays a 15% dividend. She buys the shares at a price from the market that gives her a 10% return on her investment. At what price did she buy each share?
Solution:
Given that,
Face value of the share (F.V.) = ₹ 100
Dividend = 15%
∴ Annual income from the share = \(\frac{15}{100}\) × 100 = ₹ 15
Rate of return on investment = 10%

∴ Geeta bought each share from the market at ₹ 150.

Question 7.
Tejas invests in 9% ₹ 100 shares at ₹ 145 but Shail invests in 7% ₹ 100 shares at ₹ 116. Whose investment is better?
Solution:
Investment of Tejas:
Given that, the Face value of the share (F.V.) = ₹ 100
The market value of the share (M.V.) = ₹ 145
Dividend = 9%
Annual income from the share = \(\frac{9}{100}\) × 100 = ₹ 9

Investment of Shail:
Face value of the share (F.V.) = ₹ 100
Market value of the share (M.V.) = ₹ 116
Dividend = 7%
Annual income from the share = \(\frac{7}{100}\) × 100 = ₹ 7

Since the rate of return for Tejas’s investment is greater than that for Shail’s, Tejas’s investment is better.

Question 8.
A 6% share yields 8%. Find the market value of a ₹ 100 share.
Solution:
Given that,
Face value of the share = ₹ 100
Dividend = 6%
Yield = 8%
Annual income on the share = \(\frac{6}{100}\) × 100 = ₹ 6

∴ The market value of the share = ₹ 75

Question 9.
Ashwini bought ₹ 40 shares at a premium of 40%. Find the income, if Ashwini invests ₹ 14,000 in these shares and receives a dividend at the rate of 8% on the nominal value of the shares.
Solution:
Given,
Face value of the shares (F.V.) = ₹ 40
Premium = 40%
Market value of the shares (M.V.) = 40 + (40 × \(\frac{40}{100}\))
= 40 + 16
= ₹ 56
Ashwini invests ₹ 14000 in these shares
∴ Number of shares bought by Ashwini = \(\frac{Amount Invested}{Market value of one share}\)
= \(\frac{14000}{56}\)
= 250
Dividend = 8%
∴ Annual income on one share = \(\frac{8}{100}\) × 40 = ₹ 3.2
∴ Income of Ashwini on 250 shares = 250 × 3.2 = ₹ 800
∴ Ashwini earns ₹ 800 on her investment.

Question 10.
Mr. Rutvik invests ₹ 30,000 in buying shares of a company that pays a 12% dividend annually on ₹ 100 shares selling at a premium of ₹ 50. Find
(i) The number of shares bought Mr. Rutvik and
(ii) His annual income from the shares.
Solution:
Given that,
Face value of a share (F.V.) = ₹ 100
Premium = ₹ 50
∴ Market value of a share (M.V.) = 100 + 50 = ₹ 150
Dividend =12%
Mr. Rutvik invests ₹ 30,000 in the shares.
(i) Number of shares bought by Mr. Rutvik = \(\frac{Amount invested}{Market value}\)
= \(\frac{30000}{150}\)
= 200

(ii) Dividend on the share = 12%
∴ Annual income from one share = \(\frac{12}{100}\) × 100 = ₹ 12
∴ His annual income from shares = number of shares × income from one share
= 200 × 12
= ₹ 2400

Question 11.
Rasika bought ₹ 40 shares at a discount of 40%. Find the income, if she invests ₹ 12,000 in these shares and receives a dividend at the rate of 11% on the nominal value of the shares.
Solution:
Given,
Face value of the shares (F.V.) = ₹ 40
Discount = 40%
∴ Market value of the shares (M.V.) = 40 – (40 × \(\frac{40}{100}\))
= 40 – 16
= ₹ 24
Rasika invests ₹ 12,000 in these shares.
∴ Number of shares bought by Rasika = \(\frac{Amount invested}{Market value of one share}\)
= \(\frac{12000}{24}\)
= 500
Dividend = 11%
∴ Annual income on one share = \(\frac{11}{100}\) × 40 = ₹ 4.4
∴ Rasika’s income on 200 such shares = 500 × 4.4 = ₹ 2200
∴ Rasika earns ₹ 2200 from her investment.

Question 12.
Nisha invests ₹ 15,840 in buying shares of nominal value ₹ 24 selling at a premium of 10%. The company pays a 15% dividend annually. Find
(i) The dividend she receives annually, and
(ii) The rate of return from her investment.
Solution:
Given that,
Face value of the share (F.V.) = ₹ 24
Premium = 10%
∴ Market value of the share (M.V.) = 24 + (24 × \(\frac{10}{100}\))
= 24 + 2.4
= ₹ 26.4
Dividend = 15%
∴ Annual income on the share = \(\frac{15}{100}\) × 24 = ₹ 3.6
Nisha invests ₹ 15,840 in these shares.
∴ Number of shares bought by Nisha

(i) Annual dividend received by Nisha = Number of shares × annual income from one share
= 600 × 3.6
= ₹ 2160

(ii) Rate of return from the investment

Question 13.
Ashutosh buys 80, ₹ 100 shares at a discount of 20% and receives a return of 12% on his money. Calculate
(i) The amount invested by Ashutosh.
(ii) The rate of dividend paid by the company.
Solution:
Given
Face value of the shares (F.V.) = ₹ 100
Discount = 20%
∴ Market value of the shares (M.V.) = 100 – (100 × \(\frac{20}{100}\)) = ₹ 80
(i) Amount invested by Ashutosh = number of shares × market value of the shares
= 80 × 80
= ₹ 6400

(ii) Ashutosh receives a return of 12% on his money.
∴ Ashutosh’s income from shares = \(\frac{12}{100}\) × 6400 = ₹ 768
∴ Ashutosh’s annual income from one share = \(\frac{768}{80}\) = ₹ 9.6
Annual income from one share = \(\frac{\text { Dividend }}{100} \times \text { Face value }\)
∴ 9 6 = \(\frac{\text { Dividend }}{100} \times 100\)
∴ Rate of dividend = 9.6%

Question 14.
Vaishnavi bought 1000, ₹ 100 shares from the stock market carrying 8% dividend quoted at ₹ 130. A few days later the market value of the shares went up by 10%. Vaishnavi sold all her shares. What was her total income from this transaction?
Solution:
Given that,
Face value of the shares (F.V.) = ₹ 100
The market value of the shares (M.V.) = ₹ 130
Dividend = 8%
Income from the each share = \(\frac{8}{100}\) × 100 = ₹ 8
Number of shares bought by Vaishnavi = 1000
∴ Vaishnavi’s income from dividend = 1000 × 8 = ₹ 8000
The price of the shares went up by 10%
New market value of the shares = 130 + (130 × \(\frac{10}{100}\)) = ₹ 143
Vaishnavi sold the shares at ₹ 143 which she bought at ₹ 130 each.
∴ Vaishnavi’s profit on one share =143 – 130 = ₹ 13
∴ Vaishnavi’s profit after selling all her shares =1000 × 13 = ₹ 13,000
Vaishnavi’s total income from this transaction = Income from dividend + income from sale of shares
= 8,000 + 13,000
= ₹ 21,000
∴ Vaishnavi’s total income from this transaction was ₹ 21,000.

Question 15.
Mr. Dinesh invests ₹ 20,800 in 6% ₹ 100 shares at ₹ 104, and ₹ 14,300 in 10.5% ₹ 100 shares at ₹ 143. What will be his annual income from the shares?
Solution:
For 1st kind of shares,
Face value of shares (F.V.) = ₹ 100
Dividend = 6%
∴ Annual income from one share = \(\frac{6}{100}\) × 100 = ₹ 6
Market value of the share (M.V.) = ₹ 104
Total amount invested = ₹ 20,800

∴ Total income from 1st kind of shares = 200 × 6 = ₹ 1200
For 2nd kind of shares,
Face value of shares (F.V.) = ₹ 100
Dividend = 10.5%
∴ Annual income from one share = \(\frac{10.5}{100}\) × 100 = ₹ 10.5
Market value of the share (M.V.) = ₹ 143
Total amount invested = ₹ 14300

∴ Total income from 2nd kind of shares = 100 × 10.5 = ₹ 1050
∴ Total annual income of Dinesh from both these shares = 1200 + 1050 = ₹ 2250

Question 16.
A company declares a semi-annual dividend of 5%. Daniel has 400 shares of the company. If Daniel’s annual income from the shares is ₹ 1,000, find the face value of each share.
Solution:
Given that,
Semi-annual dividend = 5%
∴ Annual dividend = 10%
Number of shares with Daniel = 400
Daniel’s annual income from the shares = ₹ 1000
∴ Annual income from one share = \(\frac{1000}{400}\) = ₹ 2.5
But annual income from one share = \(\frac{\text { Annualdividend }}{100} \times \text { Face value }\)
∴ 2.5 = \(\frac{10}{100}\) × Face value of the share
∴ Face value of the share = ₹ 25

Question 17.
Bhargav buys 400, ₹ 20 shares at a premium of ₹ 4 each and receives a dividend of 12%. Find
(i) The amount invested by Bhargav.
(ii) His total income from the shares.
(iii) Percentage return on his money.
Solution:
Given that,
Face value of the shares (F.V.) = ₹ 20
Premium = ₹ 4
∴ Market value of the shares (M.V.) = ₹ 24
Dividend = 12%
∴ Annual income from the share = \(\frac{12}{100}\) × 20 = ₹ 2.4
Bhargav buys 400 shares
(i) The amount invested by Bhargav = number of shares × market value
= 400 × 24
= ₹ 9600

(ii) Bhargav’s income from the shares = number of shares × annual income from one share
= 400 × 2.4
= ₹ 960

(iii) Percentage return on Bhargav’s money

∴ Bhargav gets 10% as the rate of return on his money.

Question 18.
Anil buys 350 ₹ 100 shares of a company at a premium of 20% from the market. The company pays 12% dividend annually. Find
(i) the investment made by Anil,
(ii) his annual income from the shares, and
(iii) the rate of return from the shares.
Solution:
Given that,
Face value of shares (F.V.) = ₹ 100
Premium = 20%
∴ Market value of shares (M.V.) = 100 + (\(\frac{20}{100}\) × 100) = ₹ 120
Dividend = 12%
∴ Annual income from one share = \(\frac{12}{100}\) × 100 = ₹ 12
Anil buys 350 shares.
(i) Amount invested by Anil = number of shares × market value
= 350 × 120
= ₹ 42,000

(ii) Anil’s annual income from the shares = number of shares × annual income from one share
= 350 × 12
= ₹ 4200

(iii) Rate of return from shares

∴ The rate of return from Anil’s shares is 10%.

Balbharati Maharashtra State Board 11th Commerce Maths Solution Book Pdf Chapter 9 Commercial Mathematics Ex 9.6 Questions and Answers.

Maharashtra State Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Ex 9.6

Question 1.
M/s Janaseva sweet mart sold sweets of ₹ 3,86,000. What CGST and SGST he will pay if the rate of GST is 5%?
Solution:
Given that M/s Janaseva sweet mart sold sweets of ₹ 3,86,000
∴ Bill amount = ₹ 3,86,000
GST payable at the rate 5%
∴ CGST and SGST applicable is 2.5% each
∴ CGST on the bill = \(\frac{2.5}{100}\) × 3,86,000 = ₹ 9650
and SGST on the bill = \(\frac{2.5}{100}\) × 3,86,000 = ₹ 9650

Question 2.
Janhavi Gas Agency purchased some gas cylinders for ₹ 5,00,000 and sold them to the customers for ₹ 5,90,000. Find the amount of GST payable and the amount of ITC. 5% GST is applicable.
Solution:
Given that, Janhavi Gas Agency purchased some gas cylinders for ₹ 5,00,000 and GST applicable is 5%.
∴ Input tax (ITC) = 5% of 5,00,000
= \(\frac{5}{100}\) × 5,00,000
= ₹ 25,000
Janhavi Gas Agency sold the gas cylinders for ₹ 5,90,000
∴ Output tax for Janhavi Gas Agency = 5% of 5,90,000
= \(\frac{5}{100}\) × 5,90,000
= ₹ 29,500
GST payable = Output tax – Input tax (ITC)
= 29,500 – 25,000
= ₹ 4500
∴ GST payable for Janhavi Gas Agency is ₹ 4,500 and ITC is ₹ 25,000.

Question 3.
A company dealing in mobile phones purchased mobile phones worth ₹ 5,00,000 and sold the same to customers at ₹ 6,00,000. Find the amount of ITC and amount of GST if the rate of GST is 12%.
Solution:
Given that the rate of GST applicable is 12%.
The company purchased mobile phones worth ₹ 5,00,000.
∴ Input tax (ITC) = 12% of 5,00,000
= \(\frac{12}{100}\) × 5,00,000
= ₹ 60,000
The company dealing in mobile phones sold the same to customers at ₹ 6,00,000.
∴ Output tax of the company = 12% of 6,00,000
= \(\frac{12}{100}\) × 6,00,000
= ₹ 72,000
GST payable for the company = Output tax – Input tax (ITC)
= 72,000 – 60,000
= ₹ 12,000
∴ The ITC for the company is ₹ 60,000 and GST payable is ₹ 12,000.

Question 4.
Prepare business to customers (B2C) tax invoice using given information. Write the name of supplier, address, state, Date, Invoice Number, GSTIN etc. as per your choice
Supplier: ___________
Address: ___________
State: ___________
Date: ___________
Invoice No: ___________
GSTIN: ___________
Particular: Rate of Sarees – ₹ 2750
Rate of GST 5% HSN 5407 – 2 pcs
Rate of Kurta – ₹ 750
Rate of GST 12% HSN 5408
Solution:
Supplier: M/s Swaglife Fashions
Address: 143, Shivaji Rasta, Mumbai 400001
Mobile No. 9263692111
Email: abc@gmail.com
State: Maharashtra
Date: 31/08/19
Invoice No: GST/110
GSTIN: 27ABCDE1234HIZS

∴ Rate of 1 saree = ₹ 2750
∴ Rate of 2 sarees = 2 x 2750 = ₹ 5500
∴ GST on sarees = 12% of 5500
= \(\frac{12}{100}\) × 5500
= ₹ 660
∴ CGST = SGST = ₹ 330
∴ Rate of 1 Kurta = ₹ 750
∴ GST on Kurta = 12% of 750
= \(\frac{12}{100}\) × 750
= ₹ 90
∴ CGST = SGST = ₹ 45

Question 5.
Heena Enterprise sold cosmetics worth ₹ 25,000 to Leena traders, a retailer. Leena Traders sold it further to Meena Beauty Products for ₹ 30,000. Meena Beauty Product sold it further to the customers for ₹ 40,000. The rate of GST is 18%. Find
(i) GST Payable by each party
(ii) CGST and SGST
Solution:
The trading chain,

∴ Output tax for Heena Enterprises = 18% of 25,000
= \(\frac{18}{100}\) × 25,000
= ₹ 4,500
∴ GST payable by Heena Enterprises
Now output tax for Leena traders = 18% of 30,000
= \(\frac{18}{100}\) × 30,000
= ₹ 5,400
∴ GST payable by Leena traders = Output tax – Input tax
= 5,400 – 4,500
= ₹ 900
∴ Output tax for Meena beauty products = 18% of 40,000
= \(\frac{18}{100}\) × 40,000
= ₹ 7,200
∴ GST payable by Meena beauty products = Output tax – Input tax
= 7,200 – 5,400
= ₹ 1,800

(ii) Now, CGST = SGST = \(\frac{\text { GST }}{2}\) = 9%
∴ Statement of GST payable at each stage can be tabulated as:

Question 6.
‘Chitra furnishings’ purchased tapestry (curtain cloth) for ₹ 28,00,000 and sold for ₹ 44,80,000. Rate of GST is 5%. Find
(i) Input Tax
(ii) Output Tax
(iii) ITC
(iv) CGST and SGST
Solution:
Given, that ‘Chitra furnishings’ purchased tapestry (curtain cloth) for ₹ 28,00,000 and rate of GST is 5%
(i) Input tax = 5% of 28,00,000
= \(\frac{5}{100}\) × 28,00,000
= ₹ 1,40,000
The tapestry was sold at ₹ 44,80,000

(ii) Output tax = 5% of 44,80,000
= \(\frac{5}{100}\) × 44,80,000
= ₹ 2,24,000

(iii) Now ITC = Input tax = ₹ 1,40,000
GST payable = Output tax – ITC
= 2,24,000 – 1,40,000
= ₹ 84,000

(iv) CGST = SGST = \(\frac{\text { GST Payable }}{2}\)
= \(\frac{84,000}{2}\)
= ₹ 42,000
∴ CGST = SGST = ₹ 42,000

Question 7.
Two friends ‘Aditi’ and ‘Vaishali’ went to a restaurant. They ordered 2 Masala Dosa costing ₹ 90 each 2 coffee costing ₹ 60 each and 1 sandwich costing ₹ 80. GST is charged at 5%. Find the Total amount of the bill including GST.
Solution:
Aditi and Vaishali ordered for 2 Masala Dosas, 2 Coffees and 1 Sandwich
∴ Total price of their order = 2 × 90 + 2 × 60 + 80 = ₹ 380
GST is charged at 5%
∴ GST on the total order = 5% × 380
= \(\frac{5}{100}\) × 380
= ₹ 19
∴ Total bill amount including GST = 380 + 19 = ₹ 399

Balbharati Maharashtra State Board 11th Commerce Maths Solution Book Pdf Chapter 9 Commercial Mathematics Ex 9.5 Questions and Answers.

Maharashtra State Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Ex 9.5

Question 1.
Three partners shared the profit in a business in the ratio 5 : 6 : 7. They had partnered for 12 months, 10 months, and 8 months respectively. What was the ratio of their investments?
Solution:
Let the ratio of investments of the three partners be p : q : r.
They partnered for 12 months, 10 months, and 8 months respectively.
∴ The profit shared by the partners will be in proportion to the product of capital invested and their respective time periods.
∴ 12 × p : 10 × q : 8 × r = 5 : 6 : 7

From (i) & (ii), we have
p : q : r = 50 : 72 : 105
∴ The ratio of their investments was 50 : 72 : 105.

Question 2.
Kamala, Vimala and Pramila enter into a partnership. They invest ₹ 40,000, ₹ 80,000 and ₹ 1,20,000 respectively. At the end of the first year, Vimala withdraws ₹ 40,000, while at the end of the second year, Pramila withdraws ₹ 80,000. In what ratio will the profit be shared at the end of 3 years?
Solution:
Given that, Kamala, Vimala, and Pramila invest ₹ 40,000, ₹ 80,000, and ₹ 1,20,000 respectively.
The ratio of profits is to be calculated at the end of 3 years.
Vimala withdraws ₹ 40,000 at the end of the first year.
∴ Vimala invested ₹ 80,000 for one year and 40,000 for 2 years.
Pramila withdraws ₹ 80,000 at the end of the second year.
∴ Pramila invested ₹ 1,20,000 for two years and 40,000 for one year.
Kamala invested ₹ 40,000 for all the 3 years.
∴ The ratio of profits to be shared at the end of 3 years will be
= 40,000 × 3 : 80,000 × 1 + 40,000 × 2 : 1,20,000 × 2 + 40,000 × 1
= 1,20,000 : 1,60,000 : 2,80,000
= 12 : 16 : 28
= 3 : 4 : 7

Alternate Method:
Given that, Kamala, Vimala and Pramila invest ₹ 40,000, ₹ 80,000 & ₹ 1,20,000 respectively.
Given, information can be tabulated as:

∴ The profits to be shared at the end of 3 years will be
= 1,20,000 : 1,60,000 : 2,80,000
= 12 : 16 : 28
= 3 : 4 : 7

Question 3.
Sanjeev started a business investing ₹ 25,000 in 1999. In 2000, he invested an additional amount of ₹ 10,000 and Rajeev joined him with an amount of ₹ 35,000. In 2001, Sanjeev invested another additional amount of ₹ 10,000 and Pawan joined them with an amount of ₹ 35,000. What will be Rajeev’s share in the profit of ₹ 1,50,000 earned at the end of 3rd year from the start of the business in 1999?
Solution:
The given information can be tabulated as:

∴ The ratio of profits to be shared at the end of 3 years will be 1,05,000 : 70,000 : 35,000
i.e. in the proportion 3 : 2 : 1
Given, profit earned ₹ 1,50,000/-
∴ Rajeev’s share in the profit = \(\frac{2}{6}\) × 1,50,000 = ₹ 50,000/-

Question 4.
Teena, Leena, and Meena invest in a partnership in the ratio: 7/2, 4/3, 6/5. After 4 months, Teena increases her share by 50%. If the total profit at the end of one year is ₹ 21,600, then what is Leena’s share in the profit?
Solution:
Investment of Teena, Leena and Meena are in the ratio \(\frac{7}{2}: \frac{4}{3}: \frac{6}{5}\)
After 4 months, Teena’s share increases by 50%.
i.e. \(\frac{7}{2}+\left(\frac{7}{2} \times \frac{50}{100}\right)=\frac{7}{2}+\frac{7}{4}\)
i.e. \(\frac{21}{4}\)
The profit will be shared in the proportion of product of capitals and respective time periods in months.
i.e. \(\frac{7}{2} \times 4+\frac{21}{4} \times 8: \frac{4}{3} \times 12: \frac{6}{5} \times 12\)
i.e. 56 : 16 : \(\frac{72}{5}\)
i.e. 7 : 2 : \(\frac{9}{5}\)
i.e. in the proportion 35 : 10 : 9 …..[Multiplying throughout by 5]
Given that profit at the end of one year = ₹ 21,600/-
∴ Leena’s share in the profit = \(\frac{10}{54}\) × 21,600
= 5 × 800
= 4000
∴ Leena’s share in the profit is ₹ 4000/-.

Question 5.
Dilip and Pradeep invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by Dilip and Sudip was 3 : 2. If ₹ 1,49,500 was their profit, how much amount did Sudip receive?
Solution:
Let the amounts invested by Dilip, Pradeep and Sudip be ₹ ‘d’, ₹ ‘p’ and ₹ ‘s’ respectively.
Given that, d : p = 2 : 1
∴ d : p = 6 : 3 …..(i)
and d : s = 3 : 2
∴ d : s = 6 : 4 …..(ii)
From (i) and (ii),
d : p : s = 6 : 3 : 4
∴ The ratio of profits to be shared among Dilip, Pradeep and Sudip will be 6 : 3 : 4.
Given, profit earned = ₹ 1,49,500/-
∴ Sudip’s share in the profit = \(\frac{4}{13}\) × 1,49,500
= 4 × 11,500
= ₹ 46,000/-

Question 6.
The ratio of investments of two partners Jatin and Lalit is 11 : 12 and the ratio of their profits is 2 : 3. If Jatin invested the money for 8 months, find for how much time Lalit invested his money.
Solution:
Let ‘x’ be the time in months for which Lalit invested his money
Jatin and Lalit invested their money in the ratio 11 : 12.
Jatin invested his money for 8 months and the ratio of their profits is 2 : 3.
∴ 11 × 8 : 12 × x = 2 : 3
∴ \(\frac{88}{12 x}=\frac{2}{3}\)
∴ x = \(\frac{88 \times 3}{2 \times 12}\)
∴ x = 11
∴ Lalit invested his money for 11 months.

Question 7.
Three friends had dinner at a restaurant. When the bill was received, Alpana paid \(\frac{2}{3}\) as much as Beena paid and Beena paid \(\frac{1}{2}\) as much as Catherin paid. What fraction of the bill did Beena pay?
Solution:
Let ‘T’ be the total bill amount at the restaurant and ‘a’, ‘b’, and ‘c’ be the share of Alpana, Beena, and Catherin respectively.
Given, that Alpana paid \(\frac{2}{3}\) as much as Beena paid
∴ a = \(\frac{2}{3}\) b …..(i)
Also, Beena paid \(\frac{1}{2}\) as much as Catherin paid.
∴ b = \(\frac{1}{2}\) c
∴ c = 2b …….(ii)
∴ Three friends paid the total bill amount.
∴ a + b + c = T …..(iii)
Using (i) and (ii) in (iii), we get

Thus, Beena paid \(\left(\frac{3}{11}\right)^{\text {th }}\) fraction of the total bill amount.

Question 8.
Roy starts a business with ₹ 10,000, Shikha joins him after 2 months with 20% more investment than Roy, after 2 months Tariq joins him with 40% less than Shikha. If the profit earned by them at the end of the year is equal to twice the difference between the investment of Roy and ten times the investment of Tariq. Find the profit of Roy?
Solution:
Given that, Roy starts the business with ₹ 10,000.
Shikha joins him after 2 months with 20% more investment than Roy.
∴ Shikha’s investment = 10,000 + (10,000 × \(\frac{20}{100}\)) = ₹ 12,000
Tariq joins after two more months with an investment 40% less than Shikha.
∴ Tariq’s investment = 12,000 – (12,000 × \(\frac{40}{100}\)) = ₹ 7,200
Now, the profit will be shared in the proportion of product of capitals and respective periods in months.
i.e. 10,000 × 12 : 12,000 × 10 : 7,200 × 8
i.e. in the proportion, 25 : 25 : 12 …..(i) [Dividing throughout by 4,800]
Given that, profit at the end of the year = twice of the difference between investment of Roy and ten times the investment of Tariq.
∴ Profit = 2 [(10 × 7,200) – 10,000]
= 2[72,000 – 10,000]
= 2 × 62,000
= ₹ 1,24,000
∴ Roy’s share of profit = \(\frac{25}{62}\) × 1,24,000 …..[From (i)]
= ₹ 50,000/-

Question 9.
If 4(P’s Capital) = 6(Q’s Capital) = 10 (R’s Capital), then out of the total profit of ₹ 5,580, what is R’s share?
Solution:
Let ‘p’, ‘q’ and ‘r’ be P, Q and R’s Capital for the business respectively.
∴ 4p = 6q = 10r
L.C.M of 4, 6, 10 = 60
∴ We take 4p = 6q = 10r = 60x
∴ p = 15x, q = 10x, r = 6x
∴ p : q : r = 15 : 10 : 6
Given that total profit = ₹ 5580
R’s share in the profit = \(\frac{6}{31}\) × 5580 = ₹ 1080/-

Question 10.
A and B start a business, with A investing the total capital of ₹ 50,000, on the condition that B pays interest at the rate of 10% per annum on his half of the capital. A is a working partner and receives ₹ 1,500 per month from the total profit and any profit remaining is equally shared by both of them. At the end of the year, it was found that the income of A is twice that of B. Find the total profit for the year?
Solution:
Let ‘x’ and ‘y’ be the profits earned by A and B respectively and let ‘z’ be the total profit for the year.
A is the working partner and receives ₹ 1500 per month from the total profit.
i.e. 12 × 1500 = ₹ 18,000 at the end of the year.
The remaining profit is shared between A and B equally.
∴ y = \(\frac{z-18000}{2}\) …..(i)
Thus, profit earned by A at the end of that year is given by
x = 18000 + \(\left(\frac{z-18000}{2}\right)\)
∴ x = \(\frac{z+18000}{2}\) ……(ii)
A invests the entire capital on the condition that B pays A interest at the rate of 10% per annum on his half of the capital.
∴ At the end of the first year,
A will receive \(\frac{10}{100}\) × 25,000 i.e. ₹ 2500/- over and above his share of profit.
∴ A’s income = Profit of A + 2500 = x + 2500
Given that,
income of A = twice the income of B
∴ x + 2500 = 2y …..(iii)
Using (i) and (ii) in (iii), we get
\(\frac{z+18000}{2}\) + 2500 = 2\(\left(\frac{z-18000}{2}\right)\)
z + 18000 + 5000 = 2(z – 18000)
z + 23000 = 2z – 36000
∴ z = 59,000
∴ The total profit for the year = ₹ 59,000/-

Balbharati Maharashtra State Board 11th Commerce Maths Solution Book Pdf Chapter 9 Commercial Mathematics Ex 9.4 Questions and Answers.

Maharashtra State Board 11th Commerce Maths Solutions Chapter 9 Commercial Mathematics Ex 9.4

Question 1.
Kanchan purchased a Maruti car for ₹ 2,45,000/- and the rate of depreciation is 14\(\frac{2}{7}\)% per annum. Find the value of the car after two years?
Solution:
Given, purchase price of the car = V = ₹ 2,45,000
Rate of depreciation per annum = r
= 14\(\frac{2}{7}\)%
= \(\frac{100}{7}\)%
∴ Value of the car after two years = \(\mathrm{V}\left(1-\frac{\mathrm{r}}{100}\right)^{\mathrm{n}}\)

∴ The value of the car after two years is ₹ 1,80,000.

Question 2.
The value of a machine depreciates from ₹ 32,768 to ₹ 21,952/- in three years. What is the rate of depreciation?
Solution:
Given, initial value of machine = V = ₹ 32,768/-
Depreciated value of the machine = D.V. = ₹ 21,952/-
Numher of years = n = 3

∴ r = 12.5%
∴ Rate of depreciation is 12.5% per annum.

Question 3.
The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. Its present value is ₹ 2,18,700/-. What was the purchase price of the machine?
Solution:
Given, the rate of depreciation per annum = r = 10%
Number of years = n = 3
Present value of the machine = P.V. = ₹ 2,18,700/-
∴ Purchase price of the machine

∴ The purchase price of the machine is ₹ 3,00,000.

Question 4.
Mr. Manish purchased a motorcycle at ₹ 70,000/-. After some years he sold his motorcycle at its exact depreciated value of it that is ₹ 51,030/-. The rate of depreciation was taken as 10%. Find out how many years he sold his motorcycle.
Solution:
Given, purchase price of the motorcycle = V = ₹ 70,000/-
Depreciated value of the motorcycle = D.V. = ₹ 51,030/-
∴ Rate of depreciation = r = 10%

∴ n = 3
∴ Manish sold his motorcycle after 3 years.

Question 5.
Mr. Chetan purchased furniture for his home at ₹ 5,12,000/-. Considering the rate of depreciation as 12.5%, what will be the value of furniture after 3 years.
Solution:
Given, purchase price of furniture = V = ₹ 5,12,000/-
Rate of depreciation = r = 12.5%
Number of years = n = 3 years
∴ Value of furniture after 3 years = \(\mathrm{V}\left(1-\frac{\mathrm{r}}{100}\right)^{\mathrm{n}}\)
= 5,12,000 \(\left(1-\frac{12.5}{100}\right)^{3}\)
= 5,12,000 \(\left(1-\frac{1}{8}\right)^{3}\)
= 5,12,000 \(\left(\frac{7}{8}\right)^{3}\)
= 5,12,000 × \(\frac{343}{512}\)
= 3,43,000
∴ The value of furniture will be ₹ 3,43,000/-

Question 6.
Grace Fashion Boutique purchased a sewing machine at ₹ 25,000/-. After 3 years machine was sold at depreciated value of ₹ 18,225/-. Find the rate of depreciation.
Solution:
Given, purchase price of sewing machine = V = ₹ 25,000/-
Selling price of machine = D.V. = ₹ 18,225/-
Number of years = n = 3 years

∴ 100 – r = 90
∴ r = 10%
∴ Rate of depreciation is 10% per annum.

Question 7.
Mr. Pritesh reduced the value of his assets by 5% each year, which were purchased for ₹ 50,00,000/-. Find the value of assets after 2 years.
Solution:
Given, initial value of assets = V = ₹ 50,00,000/-
Rate of depreciation per annum = r = 5%
Number of years = n = 2 years
∴ Value of assets aftertwo years = \(V\left(1-\frac{r}{100}\right)^{n}\)

= 12,500 × 361
= 45,12,500
∴ The value of assets after two years is ₹ 45,12,500/-.

Question 8.
A manufacturing company is allowed to charge 10% depreciation on its stock. The initial value of the stock was ₹ 60,000/-. After how many years value of the stock will be ₹ 39366?
Solution:
Given, rate of depreciation = r = 10%
Initial value of stock = V = ₹ 60,000
Depreciated value of stock = D.V. = ₹ 39,366/-
By using,

∴ n = 4
∴ The value of the stock will be ₹ 39,366/- after 4 years.