← Budgets lesson New set →

Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 276 · 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.

NameDateTime takenScore ___ / 40
  1. 1.Which of these is a one-time cost? (a) paper cups (b) sugar (c) a folding table (d) seeds and soil
  2. 2.Which of these is a one-time cost? (a) a cash box (b) paper cups (c) lemons (d) card paper
  3. 3.Dev has ₹200 to spend on sheets of card paper. One sheet of card paper costs ₹12. What is the greatest number of sheets of card paper Dev can buy?
  4. 4.Gurpreet plans to make 38 handmade cards. Each needs ₹8 of materials, and a banner costs ₹200 once. What total budget is needed (in ₹)?
  5. 5.📒 One-time cost or running cost: a cash box? (a) a running cost (b) a one-time cost
  6. 6.Riya has ₹200 to spend on packs of cups. One pack of cups costs ₹10. What is the greatest number of packs of cups Riya can buy?
  7. 7.Gurpreet has a budget of ₹400. The stock costs ₹90 and the stall fee is ₹320. Is the budget enough? (a) No (b) Yes
  8. 8.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  9. 9.Lakshmi plans to make 10 glasses of chai. Each needs ₹3 of materials, and a banner costs ₹80 once. What total budget is needed (in ₹)?
  10. 10.True or false: “a cash box” is a running cost. (a) False (b) True
  11. 11.True or false: “seeds and soil” is a running cost. (a) True (b) False
  12. 12.True or false: “paper cups” is a one-time cost. (a) True (b) False
  13. 13.True or false: “a cloth banner” is a running cost. (a) True (b) False
  14. 14.Aarav has a budget of ₹400. The stock costs ₹120 and the stall fee is ₹320. Is the budget enough? (a) No (b) Yes
  15. 15.📒 One-time cost or running cost: ice? (a) a one-time cost (b) a running cost
  16. 16.Joseph has a budget of ₹1000. The stock costs ₹450 and the stall fee is ₹550. Is the budget enough? (a) Yes (b) No
  17. 17.📒 One-time cost or running cost: a cloth banner? (a) a one-time cost (b) a running cost
  18. 18.Ananya plans to make 36 paper bookmarks. Each needs ₹3 of materials, and a banner costs ₹110 once. What total budget is needed (in ₹)?
  19. 19.True or false: “lemons” is a one-time cost. (a) True (b) False
  20. 20.True or false: “a folding table” is a one-time cost. (a) True (b) False
  21. 21.Which of these is a one-time cost? (a) card paper (b) ice (c) a juicer (d) tea leaves and milk
  22. 22.📒 One-time cost or running cost: a juicer? (a) a one-time cost (b) a running cost
  23. 23.Tara plans to make 31 glasses of chai. Each needs ₹4 of materials, and a banner costs ₹130 once. What total budget is needed (in ₹)?
  24. 24.Aarav plans to make 42 friendship bands. Each needs ₹4 of materials, and a banner costs ₹50 once. What total budget is needed (in ₹)?
  25. 25.Which of these is a one-time cost? (a) a cooler box (b) sugar (c) seeds and soil (d) ice
  26. 26.Diya plans to make 41 cups of lemonade. Each needs ₹2 of materials, and a banner costs ₹300 once. What total budget is needed (in ₹)?
  27. 27.Vihaan plans to make 41 painted pebbles. Each needs ₹2 of materials, and a banner costs ₹150 once. What total budget is needed (in ₹)?
  28. 28.True or false: “a price board” is a one-time cost. (a) False (b) True
  29. 29.Joseph’s stall budget is ₹470. Sugar cost ₹140, napkins cost ₹50 and ribbon cost ₹250. How many rupees of the budget are left?
  30. 30.Which of these is a running cost? (a) a cooler box (b) a price board (c) ice (d) a folding table
  31. 31.🔍 Which is the odd one out? (a) lemons (b) seeds and soil (c) a folding table (d) tea leaves and milk
  32. 32.Diya has a budget of ₹700. The stock costs ₹180 and the stall fee is ₹520. Is the budget enough? (a) No (b) Yes
  33. 33.True or false: “a folding table” is a running cost. (a) False (b) True
  34. 34.True or false: “card paper” is a running cost. (a) True (b) False
  35. 35.Which of these is a one-time cost? (a) a cloth banner (b) ice (c) sugar (d) card paper
  36. 36.Riya’s stall budget is ₹600. Lemons cost ₹30, paper cups cost ₹270 and card paper cost ₹260. How many rupees of the budget are left?
  37. 37.Vihaan plans to make 32 clay diyas. Each needs ₹2 of materials, and a banner costs ₹120 once. What total budget is needed (in ₹)?
  38. 38.📒 One-time cost or running cost: card paper? (a) a one-time cost (b) a running cost
  39. 39.True or false: “ice” is a one-time cost. (a) True (b) False
  40. 40.📒 One-time cost or running cost: seeds and soil? (a) a one-time cost (b) a running cost

Answer key

  1. a folding table
  2. a cash box
  3. 16
  4. 504
  5. a one-time cost
  6. 20
  7. No
  8. a one-time cost
  9. 110
  10. False
  11. True
  12. False
  13. False
  14. No
  15. a running cost
  16. Yes
  17. a one-time cost
  18. 218
  19. False
  20. True
  21. a juicer
  22. a one-time cost
  23. 254
  24. 218
  25. a cooler box
  26. 382
  27. 232
  28. True
  29. 30
  30. ice
  31. a folding table
  32. Yes
  33. False
  34. True
  35. a cloth banner
  36. 40
  37. 184
  38. a running cost
  39. False
  40. a running cost

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids