Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 10 · 40 questions

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.

1. 1.To make 50 fruit cups, Meera spends ₹25 on fruit, ₹15 on cups and ₹60 on spoons. What does one cost to make (in ₹)?
2. 2.Dev’s stall made a profit of ₹1800. Dev saves 10% of it. How many rupees are saved?
3. 3.Zoya pays ₹52 for a table and a banner (fixed costs). Each potted plant sold makes ₹4 profit. How many must be sold to break even?
4. 4.True or false: “what a customer pays” is the selling price. (a) False (b) True
5. 5.A batch of 25 paper bookmarks costs ₹125 to make. Kabir sells all 25 at ₹7 each. What is the total profit on the batch (in ₹)?
6. 6.Gurpreet’s record for the day:
   Income: ₹70 (morning sales)
   Income: ₹130 (evening sales)
   Expense: ₹40 (transport)
   Expense: ₹60 (card paper)
   What is the profit (in ₹)?
7. 7.A small family shop borrows ₹500 from a bank at 3% simple interest per year. How much interest is due after 1 year (in ₹)?
8. 8.One paper bookmark costs ₹48 to make. Meera adds a 25% markup. What is the selling price (in ₹)?
9. 9.🔍 Which is the odd one out? (a) a cash box (b) lemons (c) a cloth banner (d) a price board
10. 10.True or false: “a cash box” is a running cost. (a) True (b) False
11. 11.📉 A price below the cost leads to… (a) free stock (b) break-even (c) a loss (d) a profit
12. 12.📦 Why work out the cost of ONE item? (a) to spend more (b) to set a good price (c) it does not matter (d) to look clever
13. 13.A batch of 25 cups of lemonade costs ₹200 to make. What does one cost to make (in ₹)?
14. 14.Which of these is an expense (money out)? (a) cash from selling plants (b) buying lemons (c) money from sales (d) tutoring fees received
15. 15.📅 When is the best time to update your records? (a) never (b) once a year (c) whenever you like (d) the same day
16. 16.A batch of 20 fruit cups costs ₹160 to make. Meera sells each one for ₹12. What is the profit on each one (in ₹)?
17. 17.A stall’s fixed costs are ₹56 and each jute bag makes ₹4 profit. Saanvi has sold 19 jute bags so far. Has the stall broken even yet? (a) No (b) Yes
18. 18.One paper bookmark costs ₹55 to make and Lakshmi sells it for ₹66. What is the markup in percent?
19. 19.One potted plant costs ₹20 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
20. 20.📒 Income or expense: printing posters? (a) income (b) expense
21. 21.Ishaan’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹170 (evening sales)
    Expense: ₹100 (sugar)
    Expense: ₹60 (posters)
    What is the profit (in ₹)?
22. 22.One paper bookmark costs ₹40 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
23. 23.One handmade card costs Farhan ₹54 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
24. 24.🔢 Break-even number of items = (a) price ÷ cost (b) fixed cost × profit (c) profit − fixed cost (d) fixed cost ÷ profit
25. 25.🧾 What should you keep after buying supplies? (a) only the bag (b) a selfie (c) nothing (d) the bill or receipt
26. 26.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
27. 27.One handmade card costs ₹55 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
28. 28.True or false: “buying lemons” is income (money in). (a) False (b) True
29. 29.One cupcake costs ₹25 to make. Tara adds a 20% markup. What is the selling price (in ₹)?
30. 30.True or false: “a folding table” is a one-time cost. (a) False (b) True
31. 31.🐷 Why save part of the profit? (a) saving is a loss (b) to waste it later (c) for bad days and goals (d) no reason
32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
33. 33.True or false: “a cooler box” is a running cost. (a) False (b) True
34. 34.Tara has ₹390 to spend on lemons. One lemon costs ₹12. What is the greatest number of lemons Tara can buy?
35. 35.📒 One-time cost or running cost: a price board? (a) a running cost (b) a one-time cost
36. 36.Which of these is reinvesting in the business? (a) profit put in a bank (b) an emergency fund (c) buying a second juicer (d) a piggy bank for later
37. 37.One potted plant costs ₹18 to make and Aarav sells it for ₹36. What is the markup in percent?
38. 38.Which of these is an expense (money out)? (a) payment for a cake order (b) printing posters (c) money from sales (d) tutoring fees received
39. 39.🧮 Cost of one item from a batch = (a) number ÷ batch cost (b) batch cost ÷ number (c) price − cost (d) batch cost × number
40. 40.A batch of 10 cupcakes costs ₹90 to make. What does one cost to make (in ₹)?

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