← Budgets lesson New set →

Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 759 · 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.📒 One-time cost or running cost: a cloth banner? (a) a one-time cost (b) a running cost
  2. 2.True or false: “a cloth banner” is a one-time cost. (a) False (b) True
  3. 3.True or false: “sugar” is a running cost. (a) False (b) True
  4. 4.Kavya has a budget of ₹300. The stock costs ₹70 and the stall fee is ₹210. Is the budget enough? (a) Yes (b) No
  5. 5.🔍 Which is the odd one out? (a) ice (b) a juicer (c) lemons (d) seeds and soil
  6. 6.🔍 Which is the odd one out? (a) tea leaves and milk (b) a cloth banner (c) lemons (d) sugar
  7. 7.📒 One-time cost or running cost: a price board? (a) a running cost (b) a one-time cost
  8. 8.🔍 Which is the odd one out? (a) lemons (b) a folding table (c) ice (d) sugar
  9. 9.Joseph plans to make 41 cupcakes. Each needs ₹10 of materials, and a banner costs ₹160 once. What total budget is needed (in ₹)?
  10. 10.📒 One-time cost or running cost: sugar? (a) a running cost (b) a one-time cost
  11. 11.Rohan plans to make 12 handmade cards. Each needs ₹8 of materials, and a banner costs ₹60 once. What total budget is needed (in ₹)?
  12. 12.True or false: “lemons” is a running cost. (a) True (b) False
  13. 13.📒 One-time cost or running cost: paper cups? (a) a running cost (b) a one-time cost
  14. 14.🔍 Which is the odd one out? (a) paper cups (b) a cooler box (c) a cloth banner (d) a price board
  15. 15.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  16. 16.🔍 Which is the odd one out? (a) a price board (b) sugar (c) a cash box (d) a cloth banner
  17. 17.Kavya’s stall budget is ₹800. Seeds cost ₹190, lemons cost ₹220 and card paper cost ₹90. How many rupees of the budget are left?
  18. 18.Kavya’s stall budget is ₹790. Sugar cost ₹270, napkins cost ₹60 and lemons cost ₹220. How many rupees of the budget are left?
  19. 19.📒 One-time cost or running cost: a cooler box? (a) a running cost (b) a one-time cost
  20. 20.📒 One-time cost or running cost: tea leaves and milk? (a) a one-time cost (b) a running cost
  21. 21.True or false: “tea leaves and milk” is a running cost. (a) True (b) False
  22. 22.Which of these is a one-time cost? (a) card paper (b) paper cups (c) lemons (d) a folding table
  23. 23.Ananya plans to make 15 jute bags. Each needs ₹5 of materials, and a banner costs ₹70 once. What total budget is needed (in ₹)?
  24. 24.True or false: “a juicer” is a running cost. (a) False (b) True
  25. 25.Kavya has a budget of ₹300. The stock costs ₹140 and the stall fee is ₹140. Is the budget enough? (a) Yes (b) No
  26. 26.Dev plans to make 44 potted plants. Each needs ₹3 of materials, and a banner costs ₹220 once. What total budget is needed (in ₹)?
  27. 27.Which of these is a one-time cost? (a) a price board (b) ice (c) seeds and soil (d) card paper
  28. 28.Kabir has a budget of ₹300. The stock costs ₹150 and the stall fee is ₹200. Is the budget enough? (a) Yes (b) No
  29. 29.Aarav has a budget of ₹1000. The stock costs ₹230 and the stall fee is ₹770. Is the budget enough? (a) No (b) Yes
  30. 30.🔍 Which is the odd one out? (a) a juicer (b) a price board (c) a cash box (d) seeds and soil
  31. 31.🔍 Which is the odd one out? (a) a juicer (b) ice (c) a price board (d) a cooler box
  32. 32.Tara’s stall budget is ₹320. A price board cost ₹50, seeds cost ₹80 and card paper cost ₹90. How many rupees of the budget are left?
  33. 33.Saanvi’s stall budget is ₹570. Card paper cost ₹80, lemons cost ₹50 and pots cost ₹270. How many rupees of the budget are left?
  34. 34.True or false: “a price board” is a one-time cost. (a) True (b) False
  35. 35.Saanvi has a budget of ₹700. The stock costs ₹350 and the stall fee is ₹320. Is the budget enough? (a) No (b) Yes
  36. 36.Gurpreet plans to make 46 bags of popcorn. Each needs ₹2 of materials, and a banner costs ₹270 once. What total budget is needed (in ₹)?
  37. 37.Kabir plans to make 31 paper bookmarks. Each needs ₹5 of materials, and a banner costs ₹220 once. What total budget is needed (in ₹)?
  38. 38.Aarav plans to make 42 bags of popcorn. Each needs ₹3 of materials, and a banner costs ₹190 once. What total budget is needed (in ₹)?
  39. 39.Vihaan’s stall budget is ₹190. Seeds cost ₹50, a price board cost ₹30 and sugar cost ₹20. How many rupees of the budget are left?
  40. 40.Aarav has ₹470 to spend on sheets of card paper. One sheet of card paper costs ₹12. What is the greatest number of sheets of card paper Aarav can buy?

Answer key

  1. a one-time cost
  2. True
  3. True
  4. Yes
  5. a juicer
  6. a cloth banner
  7. a one-time cost
  8. a folding table
  9. 570
  10. a running cost
  11. 156
  12. True
  13. a running cost
  14. paper cups
  15. a one-time cost
  16. sugar
  17. 300
  18. 240
  19. a one-time cost
  20. a running cost
  21. True
  22. a folding table
  23. 145
  24. False
  25. Yes
  26. 352
  27. a price board
  28. No
  29. Yes
  30. seeds and soil
  31. ice
  32. 100
  33. 170
  34. True
  35. Yes
  36. 362
  37. 375
  38. 316
  39. 90
  40. 39

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