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Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 247 · 40 questions
TalentJR

Business tip (Plan before you spend): One-time cost: bought once and used many times. Running cost: bought again for every batch. Money left = budget − all the costs. Total budget needed = materials for every item + one-time costs. Greatest number you can buy = money ÷ price of one, rounded down to a whole number.

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  1. 1.Ishaan has a budget of ₹500. The stock costs ₹120 and the stall fee is ₹350. Is the budget enough? (a) Yes (b) No
  2. 2.📒 One-time cost or running cost: lemons? (a) a running cost (b) a one-time cost
  3. 3.Diya’s stall budget is ₹500. Lemons cost ₹80, a banner cost ₹60 and paper cups cost ₹70. How many rupees of the budget are left?
  4. 4.Farhan has ₹490 to spend on sheets of card paper. One sheet of card paper costs ₹8. What is the greatest number of sheets of card paper Farhan can buy?
  5. 5.Joseph has a budget of ₹900. The stock costs ₹420 and the stall fee is ₹430. Is the budget enough? (a) Yes (b) No
  6. 6.📒 One-time cost or running cost: ice? (a) a one-time cost (b) a running cost
  7. 7.Arjun’s stall budget is ₹730. Paper cups cost ₹250, sugar cost ₹160 and a banner cost ₹120. How many rupees of the budget are left?
  8. 8.📒 One-time cost or running cost: sugar? (a) a one-time cost (b) a running cost
  9. 9.🔍 Which is the odd one out? (a) a cloth banner (b) ice (c) a cooler box (d) a cash box
  10. 10.🔍 Which is the odd one out? (a) tea leaves and milk (b) a juicer (c) paper cups (d) seeds and soil
  11. 11.🔍 Which is the odd one out? (a) sugar (b) ice (c) a price board (d) lemons
  12. 12.Which of these is a one-time cost? (a) paper cups (b) sugar (c) a cloth banner (d) ice
  13. 13.Which of these is a one-time cost? (a) sugar (b) a price board (c) card paper (d) seeds and soil
  14. 14.True or false: “ice” is a running cost. (a) True (b) False
  15. 15.Lakshmi plans to make 26 cups of lemonade. Each needs ₹9 of materials, and a banner costs ₹190 once. What total budget is needed (in ₹)?
  16. 16.Joseph plans to make 20 paper bookmarks. Each needs ₹9 of materials, and a banner costs ₹280 once. What total budget is needed (in ₹)?
  17. 17.True or false: “a price board” is a running cost. (a) False (b) True
  18. 18.Which of these is a one-time cost? (a) ice (b) paper cups (c) a cash box (d) card paper
  19. 19.True or false: “a cooler box” is a one-time cost. (a) True (b) False
  20. 20.Aarav has a budget of ₹600. The stock costs ₹270 and the stall fee is ₹330. Is the budget enough? (a) Yes (b) No
  21. 21.🔍 Which is the odd one out? (a) tea leaves and milk (b) paper cups (c) sugar (d) a cloth banner
  22. 22.Kabir plans to make 34 fruit cups. Each needs ₹4 of materials, and a banner costs ₹220 once. What total budget is needed (in ₹)?
  23. 23.🔍 Which is the odd one out? (a) sugar (b) a folding table (c) paper cups (d) lemons
  24. 24.Kabir has a budget of ₹300. The stock costs ₹60 and the stall fee is ₹240. Is the budget enough? (a) Yes (b) No
  25. 25.Joseph’s stall budget is ₹710. Napkins cost ₹170, a banner cost ₹280 and paper cups cost ₹210. How many rupees of the budget are left?
  26. 26.📒 One-time cost or running cost: card paper? (a) a running cost (b) a one-time cost
  27. 27.True or false: “a cash box” is a one-time cost. (a) False (b) True
  28. 28.📒 One-time cost or running cost: seeds and soil? (a) a running cost (b) a one-time cost
  29. 29.📒 One-time cost or running cost: a price board? (a) a running cost (b) a one-time cost
  30. 30.True or false: “card paper” is a one-time cost. (a) False (b) True
  31. 31.Which of these is a running cost? (a) a cloth banner (b) a juicer (c) a cash box (d) card paper
  32. 32.Which of these is a one-time cost? (a) seeds and soil (b) card paper (c) a cooler box (d) paper cups
  33. 33.Nisha has ₹180 to spend on lemons. One lemon costs ₹5. What is the greatest number of lemons Nisha can buy?
  34. 34.Ananya plans to make 17 paper bookmarks. Each needs ₹10 of materials, and a banner costs ₹290 once. What total budget is needed (in ₹)?
  35. 35.Dev has a budget of ₹600. The stock costs ₹230 and the stall fee is ₹330. Is the budget enough? (a) No (b) Yes
  36. 36.True or false: “a juicer” is a one-time cost. (a) True (b) False
  37. 37.Joseph has a budget of ₹800. The stock costs ₹250 and the stall fee is ₹580. Is the budget enough? (a) Yes (b) No
  38. 38.Rohan’s stall budget is ₹500. Ribbon cost ₹50, sugar cost ₹90 and a banner cost ₹130. How many rupees of the budget are left?
  39. 39.Diya plans to make 40 glasses of chai. Each needs ₹6 of materials, and a banner costs ₹120 once. What total budget is needed (in ₹)?
  40. 40.Meera has ₹160 to spend on rolls of ribbon. One roll of ribbon costs ₹15. What is the greatest number of rolls of ribbon Meera can buy?

Answer key

  1. Yes
  2. a running cost
  3. 290
  4. 61
  5. Yes
  6. a running cost
  7. 200
  8. a running cost
  9. ice
  10. a juicer
  11. a price board
  12. a cloth banner
  13. a price board
  14. True
  15. 424
  16. 460
  17. False
  18. a cash box
  19. True
  20. Yes
  21. a cloth banner
  22. 356
  23. a folding table
  24. Yes
  25. 50
  26. a running cost
  27. True
  28. a running cost
  29. a one-time cost
  30. False
  31. card paper
  32. a cooler box
  33. 36
  34. 460
  35. Yes
  36. True
  37. No
  38. 230
  39. 360
  40. 10

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