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Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 647 · 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: “ice” is a running cost. (a) True (b) False
  2. 2.True or false: “a cash box” is a one-time cost. (a) False (b) True
  3. 3.Tara has a budget of ₹1000. The stock costs ₹320 and the stall fee is ₹690. Is the budget enough? (a) Yes (b) No
  4. 4.🔍 Which is the odd one out? (a) a folding table (b) a cloth banner (c) tea leaves and milk (d) a juicer
  5. 5.True or false: “a price board” is a one-time cost. (a) True (b) False
  6. 6.Which of these is a running cost? (a) lemons (b) a cash box (c) a cooler box (d) a juicer
  7. 7.🔍 Which is the odd one out? (a) a cooler box (b) a cloth banner (c) ice (d) a price board
  8. 8.True or false: “sugar” is a one-time cost. (a) True (b) False
  9. 9.Dev has ₹320 to spend on packets of seeds. One packet of seeds costs ₹20. What is the greatest number of packets of seeds Dev can buy?
  10. 10.Kavya has ₹200 to spend on rolls of ribbon. One roll of ribbon costs ₹4. What is the greatest number of rolls of ribbon Kavya can buy?
  11. 11.True or false: “a cooler box” is a running cost. (a) True (b) False
  12. 12.Ishaan has ₹440 to spend on packets of seeds. One packet of seeds costs ₹15. What is the greatest number of packets of seeds Ishaan can buy?
  13. 13.True or false: “a price board” is a running cost. (a) True (b) False
  14. 14.📒 One-time cost or running cost: a folding table? (a) a one-time cost (b) a running cost
  15. 15.Meera plans to make 12 potted plants. Each needs ₹7 of materials, and a banner costs ₹50 once. What total budget is needed (in ₹)?
  16. 16.Ishaan’s stall budget is ₹450. Paper cups cost ₹70, sugar cost ₹230 and lemons cost ₹70. How many rupees of the budget are left?
  17. 17.📒 One-time cost or running cost: a cooler box? (a) a running cost (b) a one-time cost
  18. 18.True or false: “card paper” is a running cost. (a) False (b) True
  19. 19.📒 One-time cost or running cost: a cloth banner? (a) a running cost (b) a one-time cost
  20. 20.Rohan’s stall budget is ₹850. Lemons cost ₹180, seeds cost ₹280 and napkins cost ₹140. How many rupees of the budget are left?
  21. 21.Which of these is a running cost? (a) a cash box (b) tea leaves and milk (c) a price board (d) a cloth banner
  22. 22.Ishaan plans to make 40 cupcakes. Each needs ₹6 of materials, and a banner costs ₹220 once. What total budget is needed (in ₹)?
  23. 23.Which of these is a one-time cost? (a) seeds and soil (b) tea leaves and milk (c) a price board (d) paper cups
  24. 24.Aarav has ₹390 to spend on packs of cups. One pack of cups costs ₹12. What is the greatest number of packs of cups Aarav can buy?
  25. 25.🔍 Which is the odd one out? (a) seeds and soil (b) a price board (c) paper cups (d) sugar
  26. 26.📒 One-time cost or running cost: paper cups? (a) a running cost (b) a one-time cost
  27. 27.Farhan plans to make 16 cupcakes. Each needs ₹6 of materials, and a banner costs ₹80 once. What total budget is needed (in ₹)?
  28. 28.Riya has a budget of ₹500. The stock costs ₹140 and the stall fee is ₹380. Is the budget enough? (a) Yes (b) No
  29. 29.True or false: “paper cups” is a one-time cost. (a) False (b) True
  30. 30.Which of these is a one-time cost? (a) a folding table (b) card paper (c) paper cups (d) sugar
  31. 31.🔍 Which is the odd one out? (a) a folding table (b) sugar (c) lemons (d) paper cups
  32. 32.Dev plans to make 38 fruit cups. Each needs ₹6 of materials, and a banner costs ₹70 once. What total budget is needed (in ₹)?
  33. 33.Which of these is a running cost? (a) a juicer (b) a price board (c) sugar (d) a cloth banner
  34. 34.Which of these is a running cost? (a) a folding table (b) a cloth banner (c) a cash box (d) ice
  35. 35.🔍 Which is the odd one out? (a) seeds and soil (b) a cloth banner (c) a juicer (d) a cash box
  36. 36.Which of these is a running cost? (a) a folding table (b) a juicer (c) a cooler box (d) seeds and soil
  37. 37.📒 One-time cost or running cost: sugar? (a) a one-time cost (b) a running cost
  38. 38.🔍 Which is the odd one out? (a) a folding table (b) a juicer (c) card paper (d) a cloth banner
  39. 39.Which of these is a one-time cost? (a) sugar (b) tea leaves and milk (c) lemons (d) a cooler box
  40. 40.True or false: “sugar” is a running cost. (a) True (b) False

Answer key

  1. True
  2. True
  3. No
  4. tea leaves and milk
  5. True
  6. lemons
  7. ice
  8. False
  9. 16
  10. 50
  11. False
  12. 29
  13. False
  14. a one-time cost
  15. 134
  16. 80
  17. a one-time cost
  18. True
  19. a one-time cost
  20. 250
  21. tea leaves and milk
  22. 460
  23. a price board
  24. 32
  25. a price board
  26. a running cost
  27. 176
  28. No
  29. False
  30. a folding table
  31. a folding table
  32. 298
  33. sugar
  34. ice
  35. seeds and soil
  36. seeds and soil
  37. a running cost
  38. card paper
  39. a cooler box
  40. True

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