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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 11 · 40 questions
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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.

NameDateTime takenScore ___ / 40
  1. 1.Rohan’s stall made a profit of ₹1300. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  2. 2.Joseph’s stall budget is ₹710. Ribbon cost ₹280, napkins cost ₹90 and paper cups cost ₹140. How many rupees of the budget are left?
  3. 3.One potted plant costs ₹40 to make. Aarav adds a 20% markup. What is the selling price (in ₹)?
  4. 4.It costs ₹6 to make one handmade card. Zoya sells it for ₹17. What is the profit on one (in ₹)?
  5. 5.To make 50 handmade cards, Kabir spends ₹50 on card paper, ₹40 on colour pens and ₹10 on envelopes. What does one cost to make (in ₹)?
  6. 6.Vihaan’s stall budget is ₹790. Seeds cost ₹210, paper cups cost ₹180 and a price board cost ₹170. How many rupees of the budget are left?
  7. 7.🎉 After the break-even point, each extra item sold… (a) adds profit (b) adds loss (c) changes nothing (d) is free
  8. 8.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  9. 9.True or false: “a cash box” is a one-time cost. (a) False (b) True
  10. 10.One fruit cup costs ₹26 to make and Vihaan sells it for ₹39. What is the markup in percent?
  11. 11.One paper bookmark costs ₹7 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.Diya’s income was ₹250 and the profit was ₹50. One expense was ₹50 (sugar). How much was the other expense, for posters (in ₹)?
  13. 13.One glass of chai costs ₹58 to make. Aarav adds a 100% markup. What is the profit on one (in ₹)?
  14. 14.Lakshmi has a budget of ₹1000. The stock costs ₹120 and the stall fee is ₹920. Is the budget enough? (a) No (b) Yes
  15. 15.To make 50 potted plants, Tara spends ₹115 on pots, ₹50 on soil and ₹85 on seeds. What does one cost to make (in ₹)?
  16. 16.One cupcake costs ₹46 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  17. 17.Joseph makes 10 paper bookmarks at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  18. 18.A batch of 10 fruit cups costs ₹20 to make. What does one cost to make (in ₹)?
  19. 19.Kavya’s stall budget is ₹290. Lemons cost ₹30, a price board cost ₹60 and napkins cost ₹120. How many rupees of the budget are left?
  20. 20.Riya has ₹300 to spend on packets of seeds. One packet of seeds costs ₹8. What is the greatest number of packets of seeds Riya can buy?
  21. 21.📒 Income or expense: money from sales? (a) expense (b) income
  22. 22.To make 10 potted plants, Saanvi spends ₹5 on pots, ₹15 on soil and ₹20 on seeds. What does one cost to make (in ₹)?
  23. 23.A small family shop borrows ₹900 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  25. 25.True or false: “money got from a sale” is the selling price. (a) False (b) True
  26. 26.🔍 Which is the odd one out? (a) lemons (b) sugar (c) a price board (d) tea leaves and milk
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  28. 28.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  29. 29.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  30. 30.One bag of popcorn costs ₹10 to make. Lakshmi adds a 10% markup. What is the profit on one (in ₹)?
  31. 31.Which of these is an expense (money out)? (a) money from sales (b) tutoring fees received (c) payment for a cake order (d) paying the stall fee
  32. 32.A stall’s fixed costs are ₹20 and each bag of popcorn makes ₹2 profit. Saanvi has sold 7 bags of popcorn so far. Has the stall broken even yet? (a) No (b) Yes
  33. 33.Which of these is spending on yourself? (a) a new video game (b) better paint for cards (c) an emergency fund (d) more seeds for next time
  34. 34.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
  35. 35.True or false: “buying lemons” is an expense (money out). (a) False (b) True
  36. 36.True or false: “the price you sell at” is the selling price. (a) False (b) True
  37. 37.True or false: “bus fare to the market” is an expense (money out). (a) True (b) False
  38. 38.A stall’s fixed costs are ₹162. Each paper bookmark costs ₹21 to make and sells for ₹30. How many must be sold to break even?
  39. 39.A batch of 50 handmade cards costs ₹100 to make. What does one cost to make (in ₹)?
  40. 40.Kavya’s stall budget is ₹780. Lemons cost ₹50, ribbon cost ₹270 and pots cost ₹210. How many rupees of the budget are left?

Answer key

  1. 325
  2. 200
  3. 48
  4. 11
  5. 2
  6. 230
  7. adds profit
  8. 575
  9. True
  10. 50
  11. 26
  12. 150
  13. 58
  14. No
  15. 5
  16. 69
  17. 30
  18. 2
  19. 80
  20. 37
  21. income
  22. 4
  23. 1062
  24. cost price
  25. True
  26. a price board
  27. what it cost you
  28. SP less than CP
  29. 981
  30. 1
  31. paying the stall fee
  32. No
  33. a new video game
  34. what buyers will pay
  35. True
  36. True
  37. True
  38. 18
  39. 2
  40. 250

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