← Budgets lesson New set →

Entrepreneurship Worksheet: Business Budget

Entrepreneurship lesson 13: Budgets · Set 938 · 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 folding table? (a) a running cost (b) a one-time cost
  2. 2.📒 One-time cost or running cost: lemons? (a) a running cost (b) a one-time cost
  3. 3.True or false: “a cloth banner” is a one-time cost. (a) False (b) True
  4. 4.📒 One-time cost or running cost: ice? (a) a running cost (b) a one-time cost
  5. 5.Which of these is a running cost? (a) a juicer (b) a cooler box (c) a cloth banner (d) tea leaves and milk
  6. 6.Gurpreet has a budget of ₹700. The stock costs ₹100 and the stall fee is ₹560. Is the budget enough? (a) No (b) Yes
  7. 7.True or false: “a juicer” is a running cost. (a) True (b) False
  8. 8.Rohan has ₹240 to spend on sheets of card paper. One sheet of card paper costs ₹5. What is the greatest number of sheets of card paper Rohan can buy?
  9. 9.Dev’s stall budget is ₹370. A banner cost ₹60, seeds cost ₹120 and ribbon cost ₹80. How many rupees of the budget are left?
  10. 10.Kabir has ₹180 to spend on packets of seeds. One packet of seeds costs ₹8. What is the greatest number of packets of seeds Kabir can buy?
  11. 11.Joseph has ₹460 to spend on packets of seeds. One packet of seeds costs ₹5. What is the greatest number of packets of seeds Joseph can buy?
  12. 12.Kabir’s stall budget is ₹730. Seeds cost ₹260, a price board cost ₹290 and lemons cost ₹120. How many rupees of the budget are left?
  13. 13.Which of these is a running cost? (a) a cooler box (b) a folding table (c) a cloth banner (d) paper cups
  14. 14.Which of these is a one-time cost? (a) a price board (b) sugar (c) tea leaves and milk (d) lemons
  15. 15.📒 One-time cost or running cost: seeds and soil? (a) a one-time cost (b) a running cost
  16. 16.Dev plans to make 35 cupcakes. Each needs ₹6 of materials, and a banner costs ₹140 once. What total budget is needed (in ₹)?
  17. 17.🔍 Which is the odd one out? (a) card paper (b) sugar (c) a cash box (d) seeds and soil
  18. 18.True or false: “sugar” is a one-time cost. (a) False (b) True
  19. 19.Ananya’s stall budget is ₹1070. A banner cost ₹290, pots cost ₹220 and seeds cost ₹270. How many rupees of the budget are left?
  20. 20.Which of these is a one-time cost? (a) a cash box (b) card paper (c) ice (d) seeds and soil
  21. 21.Riya has a budget of ₹500. The stock costs ₹150 and the stall fee is ₹360. Is the budget enough? (a) No (b) Yes
  22. 22.🔍 Which is the odd one out? (a) paper cups (b) a cooler box (c) tea leaves and milk (d) sugar
  23. 23.🔍 Which is the odd one out? (a) paper cups (b) tea leaves and milk (c) ice (d) a juicer
  24. 24.Tara has a budget of ₹900. The stock costs ₹320 and the stall fee is ₹570. Is the budget enough? (a) Yes (b) No
  25. 25.Nisha has ₹200 to spend on lemons. One lemon costs ₹4. What is the greatest number of lemons Nisha can buy?
  26. 26.🔍 Which is the odd one out? (a) ice (b) tea leaves and milk (c) paper cups (d) a price board
  27. 27.Saanvi’s stall budget is ₹410. Ribbon cost ₹60, a price board cost ₹120 and a banner cost ₹20. How many rupees of the budget are left?
  28. 28.📒 One-time cost or running cost: card paper? (a) a one-time cost (b) a running cost
  29. 29.Joseph plans to make 38 bags of popcorn. Each needs ₹6 of materials, and a banner costs ₹170 once. What total budget is needed (in ₹)?
  30. 30.Ananya’s stall budget is ₹270. Ribbon cost ₹90, pots cost ₹90 and paper cups cost ₹50. How many rupees of the budget are left?
  31. 31.Ananya has a budget of ₹500. The stock costs ₹100 and the stall fee is ₹420. Is the budget enough? (a) No (b) Yes
  32. 32.True or false: “a cloth banner” is a running cost. (a) True (b) False
  33. 33.Riya has a budget of ₹600. The stock costs ₹190 and the stall fee is ₹460. Is the budget enough? (a) Yes (b) No
  34. 34.True or false: “a folding table” is a one-time cost. (a) False (b) True
  35. 35.🔍 Which is the odd one out? (a) a price board (b) seeds and soil (c) a cloth banner (d) a cooler box
  36. 36.Riya plans to make 22 cups of lemonade. Each needs ₹2 of materials, and a banner costs ₹50 once. What total budget is needed (in ₹)?
  37. 37.Which of these is a one-time cost? (a) lemons (b) sugar (c) seeds and soil (d) a folding table
  38. 38.True or false: “paper cups” is a running cost. (a) False (b) True
  39. 39.📒 One-time cost or running cost: a juicer? (a) a one-time cost (b) a running cost
  40. 40.Ishaan’s stall budget is ₹650. Napkins cost ₹70, paper cups cost ₹80 and lemons cost ₹230. How many rupees of the budget are left?

Answer key

  1. a one-time cost
  2. a running cost
  3. True
  4. a running cost
  5. tea leaves and milk
  6. Yes
  7. False
  8. 48
  9. 110
  10. 22
  11. 92
  12. 60
  13. paper cups
  14. a price board
  15. a running cost
  16. 350
  17. a cash box
  18. False
  19. 290
  20. a cash box
  21. No
  22. a cooler box
  23. a juicer
  24. Yes
  25. 50
  26. a price board
  27. 210
  28. a running cost
  29. 398
  30. 40
  31. No
  32. False
  33. No
  34. True
  35. seeds and soil
  36. 94
  37. a folding table
  38. True
  39. a one-time cost
  40. 270

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