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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 1 · 40 questions
TalentJR

Business tip (Know your numbers): Profit = SP − CP; loss = CP − SP; cost of one = batch cost ÷ number. Break-even = fixed costs ÷ profit on one; markup = cost × % ÷ 100. Profit = income − expenses; simple interest = P × R × T ÷ 100.

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  1. 1.To make 25 cups of lemonade, Meera spends ₹35 on lemons, ₹130 on sugar and ₹60 on paper cups. What does one cost to make (in ₹)?
  2. 2.True or false: “a card order paid” is income (money in). (a) False (b) True
  3. 3.A batch of 20 potted plants costs ₹60 to make. Diya sells all 20 at ₹5 each. What is the total profit on the batch (in ₹)?
  4. 4.One painted pebble costs ₹10 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  5. 5.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) borrow online alone (c) take it secretly (d) talk to parents
  6. 6.To make 25 handmade cards, Ishaan spends ₹40 on card paper, ₹35 on colour pens and ₹50 on envelopes. What does one cost to make (in ₹)?
  7. 7.A small family shop borrows ₹700 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  8. 8.One cup of lemonade costs ₹60 to make. Rohan adds a 25% markup. What is the profit on one (in ₹)?
  9. 9.A stall’s fixed costs are ₹204. Each cup of lemonade costs ₹8 to make and sells for ₹14. How many must be sold to break even?
  10. 10.A batch of 10 potted plants costs ₹70 to make. Aarav sells each one for ₹14. What is the profit on each one (in ₹)?
  11. 11.One painted pebble costs ₹30 to make. Ishaan adds a 100% markup. What is the profit on one (in ₹)?
  12. 12.One handmade card costs ₹60 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  13. 13.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  14. 14.🧮 Cost of one item from a batch = (a) price − cost (b) batch cost ÷ number (c) number ÷ batch cost (d) batch cost × number
  15. 15.A batch of 10 glasses of chai costs ₹40 to make. Vihaan sells all 10 at ₹13 each. What is the total profit on the batch (in ₹)?
  16. 16.A batch of 10 fruit cups costs ₹80 to make. What does one cost to make (in ₹)?
  17. 17.Meera pays ₹32 for a table and a banner (fixed costs). Each cup of lemonade sold makes ₹2 profit. How many must be sold to break even?
  18. 18.📒 One-time cost or running cost: ice? (a) a one-time cost (b) a running cost
  19. 19.A batch of 10 potted plants costs ₹50 to make. Saanvi sells all 10 at ₹10 each. What is the total profit on the batch (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.A stall’s fixed costs are ₹308. Each paper bookmark costs ₹8 to make and sells for ₹19. How many must be sold to break even?
  22. 22.Zoya makes 10 glasses of chai at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  23. 23.📒 Why write down every sale and cost? (a) no reason (b) to know the real profit (c) to fill a notebook (d) to look busy
  24. 24.Which of these is a running cost? (a) card paper (b) a juicer (c) a price board (d) a cash box
  25. 25.A batch of 20 potted plants costs ₹220 to make. Gurpreet sells each one for ₹18. What is the profit on each one (in ₹)?
  26. 26.One painted pebble costs ₹14 to make. Saanvi adds a 100% markup. What is the profit on one (in ₹)?
  27. 27.Tara has ₹380 to spend on packs of cups. One pack of cups costs ₹6. What is the greatest number of packs of cups Tara can buy?
  28. 28.One friendship band costs ₹40 to make and Vihaan sells it for ₹44. What is the markup in percent?
  29. 29.Saanvi’s stall made a profit of ₹700. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  30. 30.To make 25 glasses of chai, Meera spends ₹200 on tea leaves, ₹10 on milk and ₹90 on paper cups. What does one cost to make (in ₹)?
  31. 31.🏷️ Cost-plus pricing means… (a) cost − a markup (b) copy a rival (c) guess any price (d) cost + a markup
  32. 32.Ananya’s stall budget is ₹390. Napkins cost ₹30, seeds cost ₹110 and a banner cost ₹50. How many rupees of the budget are left?
  33. 33.True or false: “printing posters” is an expense (money out). (a) True (b) False
  34. 34.To make 10 handmade cards, Vihaan spends ₹25 on card paper, ₹5 on colour pens and ₹10 on envelopes. What does one cost to make (in ₹)?
  35. 35.One fruit cup costs Diya ₹20 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.🧾 A fixed cost is one that… (a) is always zero (b) is not paid per item (c) grows with each item (d) is paid by customers
  37. 37.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) tutoring fees received (d) buying lemons
  38. 38.A batch of 10 fruit cups costs ₹110 to make. Diya sells all 10 at ₹17 each. What is the total profit on the batch (in ₹)?
  39. 39.Meera plans to make 18 paper bookmarks. Each needs ₹5 of materials, and a banner costs ₹260 once. What total budget is needed (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. 9
  2. True
  3. 40
  4. 12
  5. talk to parents
  6. 5
  7. 147
  8. 15
  9. 34
  10. 7
  11. 30
  12. 75
  13. 1089
  14. batch cost ÷ number
  15. 90
  16. 8
  17. 16
  18. a running cost
  19. 50
  20. cost price
  21. 28
  22. 20
  23. to know the real profit
  24. card paper
  25. 7
  26. 14
  27. 63
  28. 10
  29. 350
  30. 12
  31. cost + a markup
  32. 200
  33. True
  34. 4
  35. Profit
  36. is not paid per item
  37. buying lemons
  38. 60
  39. 350
  40. True

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