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Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 322 · 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.Which of these is a running cost? (a) lemons (b) a juicer (c) a price board (d) a cloth banner
  2. 2.🔍 Which is the odd one out? (a) a cooler box (b) a juicer (c) lemons (d) a cash box
  3. 3.Kabir plans to make 16 fruit cups. Each needs ₹9 of materials, and a banner costs ₹80 once. What total budget is needed (in ₹)?
  4. 4.📒 One-time cost or running cost: seeds and soil? (a) a running cost (b) a one-time cost
  5. 5.📒 One-time cost or running cost: a cloth banner? (a) a running cost (b) a one-time cost
  6. 6.📒 One-time cost or running cost: tea leaves and milk? (a) a one-time cost (b) a running cost
  7. 7.True or false: “a cash box” is a running cost. (a) False (b) True
  8. 8.Which of these is a running cost? (a) a cloth banner (b) paper cups (c) a juicer (d) a price board
  9. 9.🔍 Which is the odd one out? (a) seeds and soil (b) card paper (c) ice (d) a cooler box
  10. 10.True or false: “a price board” is a running cost. (a) False (b) True
  11. 11.Ishaan has a budget of ₹500. The stock costs ₹220 and the stall fee is ₹280. Is the budget enough? (a) Yes (b) No
  12. 12.True or false: “sugar” is a one-time cost. (a) False (b) True
  13. 13.True or false: “card paper” is a one-time cost. (a) False (b) True
  14. 14.True or false: “tea leaves and milk” is a one-time cost. (a) False (b) True
  15. 15.Nisha has a budget of ₹300. The stock costs ₹80 and the stall fee is ₹240. Is the budget enough? (a) No (b) Yes
  16. 16.True or false: “a folding table” is a running cost. (a) False (b) True
  17. 17.Which of these is a running cost? (a) a cloth banner (b) a price board (c) a cooler box (d) ice
  18. 18.Rohan has a budget of ₹600. The stock costs ₹60 and the stall fee is ₹490. Is the budget enough? (a) No (b) Yes
  19. 19.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  20. 20.Joseph has a budget of ₹800. The stock costs ₹100 and the stall fee is ₹670. Is the budget enough? (a) Yes (b) No
  21. 21.📒 One-time cost or running cost: lemons? (a) a one-time cost (b) a running cost
  22. 22.True or false: “card paper” is a running cost. (a) True (b) False
  23. 23.🔍 Which is the odd one out? (a) card paper (b) ice (c) a cloth banner (d) tea leaves and milk
  24. 24.Which of these is a running cost? (a) a cooler box (b) seeds and soil (c) a folding table (d) a cloth banner
  25. 25.🔍 Which is the odd one out? (a) a cloth banner (b) seeds and soil (c) a cash box (d) a folding table
  26. 26.Gurpreet’s stall budget is ₹590. Pots cost ₹170, seeds cost ₹30 and card paper cost ₹90. How many rupees of the budget are left?
  27. 27.Which of these is a running cost? (a) a cooler box (b) a juicer (c) tea leaves and milk (d) a cloth banner
  28. 28.Rohan has a budget of ₹300. The stock costs ₹120 and the stall fee is ₹210. Is the budget enough? (a) Yes (b) No
  29. 29.True or false: “ice” is a one-time cost. (a) False (b) True
  30. 30.Aarav has a budget of ₹1000. The stock costs ₹240 and the stall fee is ₹720. Is the budget enough? (a) Yes (b) No
  31. 31.Farhan’s stall budget is ₹880. Pots cost ₹220, paper cups cost ₹170 and lemons cost ₹260. How many rupees of the budget are left?
  32. 32.Aarav’s stall budget is ₹890. Ribbon cost ₹260, a price board cost ₹190 and seeds cost ₹140. How many rupees of the budget are left?
  33. 33.Gurpreet has ₹310 to spend on lemons. One lemon costs ₹6. What is the greatest number of lemons Gurpreet can buy?
  34. 34.Nisha has a budget of ₹300. The stock costs ₹150 and the stall fee is ₹110. Is the budget enough? (a) No (b) Yes
  35. 35.Zoya’s stall budget is ₹800. A banner cost ₹170, seeds cost ₹260 and pots cost ₹270. How many rupees of the budget are left?
  36. 36.🔍 Which is the odd one out? (a) a price board (b) tea leaves and milk (c) sugar (d) card paper
  37. 37.Zoya has ₹100 to spend on rolls of ribbon. One roll of ribbon costs ₹15. What is the greatest number of rolls of ribbon Zoya can buy?
  38. 38.Gurpreet has ₹170 to spend on rolls of ribbon. One roll of ribbon costs ₹5. What is the greatest number of rolls of ribbon Gurpreet can buy?
  39. 39.Which of these is a one-time cost? (a) tea leaves and milk (b) a price board (c) ice (d) lemons
  40. 40.Aarav has ₹370 to spend on packets of seeds. One packet of seeds costs ₹15. What is the greatest number of packets of seeds Aarav can buy?

Answer key

  1. lemons
  2. lemons
  3. 224
  4. a running cost
  5. a one-time cost
  6. a running cost
  7. False
  8. paper cups
  9. a cooler box
  10. False
  11. Yes
  12. False
  13. False
  14. False
  15. No
  16. False
  17. ice
  18. Yes
  19. a running cost
  20. Yes
  21. a running cost
  22. True
  23. a cloth banner
  24. seeds and soil
  25. seeds and soil
  26. 300
  27. tea leaves and milk
  28. No
  29. False
  30. Yes
  31. 230
  32. 300
  33. 51
  34. Yes
  35. 100
  36. a price board
  37. 6
  38. 34
  39. a price board
  40. 24

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