← Budgets lesson New set →

Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 595 · 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.True or false: “tea leaves and milk” is a one-time cost. (a) True (b) False
  2. 2.True or false: “a cloth banner” is a running cost. (a) False (b) True
  3. 3.Which of these is a one-time cost? (a) paper cups (b) tea leaves and milk (c) a cooler box (d) card paper
  4. 4.True or false: “a cooler box” is a running cost. (a) True (b) False
  5. 5.Ishaan has ₹280 to spend on rolls of ribbon. One roll of ribbon costs ₹8. What is the greatest number of rolls of ribbon Ishaan can buy?
  6. 6.📒 One-time cost or running cost: lemons? (a) a one-time cost (b) a running cost
  7. 7.Meera plans to make 12 glasses of chai. Each needs ₹10 of materials, and a banner costs ₹50 once. What total budget is needed (in ₹)?
  8. 8.Meera has ₹350 to spend on sheets of card paper. One sheet of card paper costs ₹12. What is the greatest number of sheets of card paper Meera can buy?
  9. 9.Which of these is a one-time cost? (a) paper cups (b) lemons (c) card paper (d) a cloth banner
  10. 10.📒 One-time cost or running cost: card paper? (a) a running cost (b) a one-time cost
  11. 11.🔍 Which is the odd one out? (a) a cooler box (b) sugar (c) seeds and soil (d) paper cups
  12. 12.🔍 Which is the odd one out? (a) lemons (b) a folding table (c) card paper (d) paper cups
  13. 13.True or false: “seeds and soil” is a running cost. (a) False (b) True
  14. 14.Joseph has a budget of ₹800. The stock costs ₹210 and the stall fee is ₹630. Is the budget enough? (a) No (b) Yes
  15. 15.Which of these is a running cost? (a) a folding table (b) a cloth banner (c) paper cups (d) a juicer
  16. 16.🔍 Which is the odd one out? (a) a folding table (b) a price board (c) a cooler box (d) lemons
  17. 17.Dev’s stall budget is ₹470. A price board cost ₹160, napkins cost ₹20 and paper cups cost ₹230. How many rupees of the budget are left?
  18. 18.Which of these is a one-time cost? (a) paper cups (b) seeds and soil (c) a price board (d) ice
  19. 19.Ananya has ₹300 to spend on packets of seeds. One packet of seeds costs ₹6. What is the greatest number of packets of seeds Ananya can buy?
  20. 20.Which of these is a running cost? (a) a cloth banner (b) a folding table (c) a juicer (d) tea leaves and milk
  21. 21.Ananya’s stall budget is ₹760. Seeds cost ₹180, pots cost ₹170 and a banner cost ₹250. How many rupees of the budget are left?
  22. 22.Diya plans to make 21 glasses of chai. Each needs ₹10 of materials, and a banner costs ₹280 once. What total budget is needed (in ₹)?
  23. 23.📒 One-time cost or running cost: a juicer? (a) a running cost (b) a one-time cost
  24. 24.Meera’s stall budget is ₹770. Paper cups cost ₹270, a price board cost ₹170 and a banner cost ₹300. How many rupees of the budget are left?
  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.Ananya has a budget of ₹400. The stock costs ₹60 and the stall fee is ₹330. Is the budget enough? (a) No (b) Yes
  27. 27.Which of these is a running cost? (a) a juicer (b) a price board (c) a cloth banner (d) seeds and soil
  28. 28.True or false: “ice” is a running cost. (a) True (b) False
  29. 29.Zoya’s stall budget is ₹660. Card paper cost ₹60, sugar cost ₹120 and paper cups cost ₹230. How many rupees of the budget are left?
  30. 30.Which of these is a one-time cost? (a) tea leaves and milk (b) paper cups (c) lemons (d) a cash box
  31. 31.🔍 Which is the odd one out? (a) card paper (b) seeds and soil (c) paper cups (d) a price board
  32. 32.📒 One-time cost or running cost: a cash box? (a) a running cost (b) a one-time cost
  33. 33.Ananya’s stall budget is ₹590. A price board cost ₹100, a banner cost ₹100 and seeds cost ₹160. How many rupees of the budget are left?
  34. 34.🔍 Which is the odd one out? (a) a cash box (b) a cooler box (c) a cloth banner (d) paper cups
  35. 35.🔍 Which is the odd one out? (a) a folding table (b) a juicer (c) a cloth banner (d) tea leaves and milk
  36. 36.Aarav has ₹480 to spend on sheets of card paper. One sheet of card paper costs ₹5. What is the greatest number of sheets of card paper Aarav can buy?
  37. 37.Meera has a budget of ₹700. The stock costs ₹110 and the stall fee is ₹620. Is the budget enough? (a) No (b) Yes
  38. 38.True or false: “a cloth banner” is a one-time cost. (a) True (b) False
  39. 39.Which of these is a one-time cost? (a) seeds and soil (b) a juicer (c) card paper (d) tea leaves and milk
  40. 40.🔍 Which is the odd one out? (a) ice (b) a price board (c) a juicer (d) a folding table

Answer key

  1. False
  2. False
  3. a cooler box
  4. False
  5. 35
  6. a running cost
  7. 170
  8. 29
  9. a cloth banner
  10. a running cost
  11. a cooler box
  12. a folding table
  13. True
  14. No
  15. paper cups
  16. lemons
  17. 60
  18. a price board
  19. 50
  20. tea leaves and milk
  21. 160
  22. 490
  23. a one-time cost
  24. 30
  25. seeds and soil
  26. Yes
  27. seeds and soil
  28. True
  29. 250
  30. a cash box
  31. a price board
  32. a one-time cost
  33. 230
  34. paper cups
  35. tea leaves and milk
  36. 96
  37. No
  38. True
  39. a juicer
  40. ice

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