← Budgets lesson New set →

Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 706 · 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: “a cash box” is a running cost. (a) True (b) False
  2. 2.📒 One-time cost or running cost: tea leaves and milk? (a) a running cost (b) a one-time cost
  3. 3.Arjun has a budget of ₹300. The stock costs ₹80 and the stall fee is ₹200. Is the budget enough? (a) Yes (b) No
  4. 4.True or false: “a juicer” is a running cost. (a) True (b) False
  5. 5.📒 One-time cost or running cost: seeds and soil? (a) a running cost (b) a one-time cost
  6. 6.Dev has ₹380 to spend on sheets of card paper. One sheet of card paper costs ₹6. What is the greatest number of sheets of card paper Dev can buy?
  7. 7.Kavya’s stall budget is ₹940. Ribbon cost ₹290, a price board cost ₹270 and pots cost ₹130. How many rupees of the budget are left?
  8. 8.Rohan’s stall budget is ₹870. Card paper cost ₹230, ribbon cost ₹230 and seeds cost ₹130. How many rupees of the budget are left?
  9. 9.Lakshmi has a budget of ₹500. The stock costs ₹140 and the stall fee is ₹390. Is the budget enough? (a) No (b) Yes
  10. 10.Aarav’s stall budget is ₹660. Sugar cost ₹220, a price board cost ₹190 and pots cost ₹20. How many rupees of the budget are left?
  11. 11.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  12. 12.Which of these is a running cost? (a) sugar (b) a folding table (c) a cloth banner (d) a juicer
  13. 13.🔍 Which is the odd one out? (a) sugar (b) a cash box (c) a cloth banner (d) a folding table
  14. 14.Ishaan plans to make 24 glasses of chai. Each needs ₹4 of materials, and a banner costs ₹50 once. What total budget is needed (in ₹)?
  15. 15.Zoya’s stall budget is ₹430. Pots cost ₹70, ribbon cost ₹100 and lemons cost ₹250. How many rupees of the budget are left?
  16. 16.True or false: “a folding table” is a one-time cost. (a) True (b) False
  17. 17.Diya plans to make 33 glasses of chai. Each needs ₹2 of materials, and a banner costs ₹110 once. What total budget is needed (in ₹)?
  18. 18.True or false: “lemons” is a one-time cost. (a) True (b) False
  19. 19.Which of these is a running cost? (a) a folding table (b) tea leaves and milk (c) a price board (d) a cash box
  20. 20.Which of these is a one-time cost? (a) a juicer (b) sugar (c) tea leaves and milk (d) seeds and soil
  21. 21.True or false: “a folding table” is a running cost. (a) False (b) True
  22. 22.Which of these is a one-time cost? (a) paper cups (b) a cash box (c) lemons (d) sugar
  23. 23.Kavya has a budget of ₹600. The stock costs ₹150 and the stall fee is ₹420. Is the budget enough? (a) No (b) Yes
  24. 24.📒 One-time cost or running cost: lemons? (a) a running cost (b) a one-time cost
  25. 25.📒 One-time cost or running cost: a cooler box? (a) a one-time cost (b) a running cost
  26. 26.True or false: “card paper” is a running cost. (a) False (b) True
  27. 27.Which of these is a one-time cost? (a) tea leaves and milk (b) ice (c) a cloth banner (d) paper cups
  28. 28.Which of these is a running cost? (a) a folding table (b) a juicer (c) a price board (d) paper cups
  29. 29.📒 One-time cost or running cost: a juicer? (a) a running cost (b) a one-time cost
  30. 30.Aarav has a budget of ₹400. The stock costs ₹120 and the stall fee is ₹300. Is the budget enough? (a) No (b) Yes
  31. 31.Kavya has ₹150 to spend on lemons. One lemon costs ₹20. What is the greatest number of lemons Kavya can buy?
  32. 32.Which of these is a one-time cost? (a) card paper (b) paper cups (c) tea leaves and milk (d) a cooler box
  33. 33.True or false: “a cooler box” is a running cost. (a) True (b) False
  34. 34.🔍 Which is the odd one out? (a) lemons (b) ice (c) seeds and soil (d) a price board
  35. 35.Rohan has ₹250 to spend on sheets of card paper. One sheet of card paper costs ₹10. What is the greatest number of sheets of card paper Rohan can buy?
  36. 36.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  37. 37.Which of these is a running cost? (a) a price board (b) a cloth banner (c) ice (d) a juicer
  38. 38.Which of these is a running cost? (a) a cloth banner (b) lemons (c) a juicer (d) a cash box
  39. 39.Which of these is a one-time cost? (a) card paper (b) a folding table (c) seeds and soil (d) sugar
  40. 40.Kabir has ₹230 to spend on lemons. One lemon costs ₹4. What is the greatest number of lemons Kabir can buy?

Answer key

  1. False
  2. a running cost
  3. Yes
  4. False
  5. a running cost
  6. 63
  7. 250
  8. 280
  9. No
  10. 230
  11. a running cost
  12. sugar
  13. sugar
  14. 146
  15. 10
  16. True
  17. 176
  18. False
  19. tea leaves and milk
  20. a juicer
  21. False
  22. a cash box
  23. Yes
  24. a running cost
  25. a one-time cost
  26. True
  27. a cloth banner
  28. paper cups
  29. a one-time cost
  30. No
  31. 7
  32. a cooler box
  33. False
  34. a price board
  35. 25
  36. a one-time cost
  37. ice
  38. lemons
  39. a folding table
  40. 57

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