Unit: 2  
Tax and Money Exchange

Before starting the discussion about Vat and Money exchange we have to review the following concept.

Profit and loss:
If C.P. and S.P. are cost price and selling price of an article respectively, then
Profit (P) = S.P. - C.P. when [S.P. > C.P.]
Loss (L)= C.P. - S.P. when [C.P. > S.P.]
Also,Profit/Loss %= { ( net profit/Loss) / cost price } × 100 %

Tax and Income Tax
The compulsory contribution levied by the government to its people or the business forms or companies which is paid in terms of money is called tax. The government pays back this money in terms of service such as security and welfare, communication, education, health, etc. Income tax is such type of tax which a person has to pay certain amount for the excess of income at certain rate fixed by the government. 

Discount 
If an allowance is given to an agent for the distribution of goods is called Trade Discount. The price deduction in the marked price of the goods is known as the discount. The discount is generally expressed as percentage and calculated on the marked price.
Discount% = ( True discount / Marked Price ) × 100%

Value Added Tax ( VAT )
The VAT is changeable to the supply of goods and services including transport, insurance, commission to the agent local taxes and profit. In case of discount the VAT is chargeable after subtracting the discount amount. i.e
The VAT percent= ( SP with VAT- SP )/ SP × 100%

Tax and Money Exchange Class 10 Maths Solution PDF

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Is Class 10 Math Guide Helpful For Student ?

I have published this Notes for helping students who can't solve difficult maths problems. Student should not fully depend on this note for doing all exercises. If you totally depend on this note and simply copy a to z then it may affect your study.

Student should also try to solve some problems themselves. You can use this note as a reference. You should check all the answers carefully because all the answers may not be correct. There may be some minor mistakes in the note, please consider those mistakes.

How to secure good marks in Mathematics ?

As, you may know I'm also a student. Being a student is not so easy. You have to study and work hard in 8 different subjects. From my point of view most of the student are weak in mathematics. They face difficulties while solving maths problems. I was also facing the same problem when I was in grade 10.

If you also want to secure good marks in mathematics then you should practise them everyday. You should always start your practise from a simple problems. When you solve some simple problems then it will motivates you to solve some other harder problem. Slowly and gradually increase the difficulty of questions day by day.

Maths is not only about practising. You also needs to be clear about the concept of solving the problems. When you get the concept then you can easily solve maths problems which are in similar formats.

You should make the habit of making side notes. It means you should make notes of formulas, tips of solving that problems and the main concept.

When your teacher tries to make the concept clear by giving some random example then all student tries to remember the same example but you shouldn't do that. You should try to relate that concept with your daily life and create your own formula of remembering the concepts.

If you give proper time for your practise with proper method of practising then you'll definitely score a good marks in your Exam. You can also make a time table for your study and read accordingly.

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