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Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 688 · 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.Farhan has a budget of ₹600. The stock costs ₹60 and the stall fee is ₹580. Is the budget enough? (a) Yes (b) No
  2. 2.Rohan has a budget of ₹900. The stock costs ₹50 and the stall fee is ₹820. Is the budget enough? (a) Yes (b) No
  3. 3.True or false: “paper cups” is a one-time cost. (a) True (b) False
  4. 4.Meera has ₹420 to spend on lemons. One lemon costs ₹10. What is the greatest number of lemons Meera can buy?
  5. 5.🔍 Which is the odd one out? (a) a juicer (b) a cloth banner (c) seeds and soil (d) a folding table
  6. 6.Which of these is a running cost? (a) lemons (b) a price board (c) a cooler box (d) a folding table
  7. 7.Meera has a budget of ₹1000. The stock costs ₹240 and the stall fee is ₹790. Is the budget enough? (a) Yes (b) No
  8. 8.🔍 Which is the odd one out? (a) tea leaves and milk (b) a price board (c) card paper (d) seeds and soil
  9. 9.True or false: “card paper” is a one-time cost. (a) True (b) False
  10. 10.Gurpreet plans to make 36 jute bags. Each needs ₹7 of materials, and a banner costs ₹170 once. What total budget is needed (in ₹)?
  11. 11.🔍 Which is the odd one out? (a) paper cups (b) a cash box (c) a juicer (d) a price board
  12. 12.🔍 Which is the odd one out? (a) sugar (b) a folding table (c) ice (d) card paper
  13. 13.📒 One-time cost or running cost: a cooler box? (a) a one-time cost (b) a running cost
  14. 14.Farhan plans to make 48 glasses of chai. Each needs ₹10 of materials, and a banner costs ₹200 once. What total budget is needed (in ₹)?
  15. 15.📒 One-time cost or running cost: lemons? (a) a running cost (b) a one-time cost
  16. 16.Which of these is a running cost? (a) ice (b) a juicer (c) a cooler box (d) a cash box
  17. 17.True or false: “a juicer” is a one-time cost. (a) False (b) True
  18. 18.Which of these is a one-time cost? (a) paper cups (b) a cooler box (c) lemons (d) tea leaves and milk
  19. 19.True or false: “sugar” is a one-time cost. (a) False (b) True
  20. 20.📒 One-time cost or running cost: sugar? (a) a one-time cost (b) a running cost
  21. 21.Gurpreet has ₹420 to spend on packets of seeds. One packet of seeds costs ₹15. What is the greatest number of packets of seeds Gurpreet can buy?
  22. 22.Joseph plans to make 42 handmade cards. Each needs ₹2 of materials, and a banner costs ₹50 once. What total budget is needed (in ₹)?
  23. 23.Diya has ₹390 to spend on packs of cups. One pack of cups costs ₹5. What is the greatest number of packs of cups Diya can buy?
  24. 24.Which of these is a running cost? (a) a price board (b) a cash box (c) seeds and soil (d) a juicer
  25. 25.True or false: “card paper” is a running cost. (a) True (b) False
  26. 26.🔍 Which is the odd one out? (a) paper cups (b) ice (c) card paper (d) a juicer
  27. 27.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  28. 28.Which of these is a running cost? (a) a price board (b) tea leaves and milk (c) a folding table (d) a cooler box
  29. 29.📒 One-time cost or running cost: seeds and soil? (a) a one-time cost (b) a running cost
  30. 30.Which of these is a one-time cost? (a) tea leaves and milk (b) a folding table (c) seeds and soil (d) ice
  31. 31.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  32. 32.Lakshmi has ₹500 to spend on lemons. One lemon costs ₹15. What is the greatest number of lemons Lakshmi can buy?
  33. 33.🔍 Which is the odd one out? (a) tea leaves and milk (b) paper cups (c) a cash box (d) sugar
  34. 34.Diya’s stall budget is ₹700. Pots cost ₹250, a price board cost ₹230 and paper cups cost ₹100. How many rupees of the budget are left?
  35. 35.True or false: “seeds and soil” is a running cost. (a) True (b) False
  36. 36.Rohan has a budget of ₹500. The stock costs ₹90 and the stall fee is ₹400. Is the budget enough? (a) No (b) Yes
  37. 37.📒 One-time cost or running cost: ice? (a) a one-time cost (b) a running cost
  38. 38.🔍 Which is the odd one out? (a) a cooler box (b) ice (c) card paper (d) sugar
  39. 39.📒 One-time cost or running cost: a cash box? (a) a running cost (b) a one-time cost
  40. 40.Riya’s stall budget is ₹720. Pots cost ₹130, lemons cost ₹290 and napkins cost ₹290. How many rupees of the budget are left?

Answer key

  1. No
  2. Yes
  3. False
  4. 42
  5. seeds and soil
  6. lemons
  7. No
  8. a price board
  9. False
  10. 422
  11. paper cups
  12. a folding table
  13. a one-time cost
  14. 680
  15. a running cost
  16. ice
  17. True
  18. a cooler box
  19. False
  20. a running cost
  21. 28
  22. 134
  23. 78
  24. seeds and soil
  25. True
  26. a juicer
  27. a running cost
  28. tea leaves and milk
  29. a running cost
  30. a folding table
  31. a one-time cost
  32. 33
  33. a cash box
  34. 120
  35. True
  36. Yes
  37. a running cost
  38. a cooler box
  39. a one-time cost
  40. 10

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