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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 12 · 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.

NameDateTime takenScore ___ / 40
  1. 1.A batch of 10 cups of lemonade costs ₹60 to make. Saanvi sells each one for ₹9. What is the profit on each one (in ₹)?
  2. 2.One handmade card costs ₹12 to make and Arjun sells it for ₹15. What is the markup in percent?
  3. 3.One cup of lemonade costs ₹60 to make. Zoya adds a 10% markup. What is the profit on one (in ₹)?
  4. 4.Dev has ₹330 to spend on packets of seeds. One packet of seeds costs ₹8. What is the greatest number of packets of seeds Dev can buy?
  5. 5.🧾 What belongs in the batch cost? (a) every material used (b) only the cheapest one (c) the selling price (d) your pocket money
  6. 6.A small family shop borrows ₹800 from a bank at 6% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  7. 7.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much interest is due after 2 years (in ₹)?
  8. 8.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.➖ Profit in your records = (a) just the income (b) expenses − income (c) income − expenses (d) income + expenses
  11. 11.Tara plans to make 30 potted plants. Each needs ₹3 of materials, and a banner costs ₹120 once. What total budget is needed (in ₹)?
  12. 12.A batch of 10 handmade cards costs ₹30 to make. What does one cost to make (in ₹)?
  13. 13.Which of these is income (money in)? (a) money from sales (b) buying paper cups (c) paying the stall fee (d) buying lemons
  14. 14.Dev’s record for the day:
    Income: ₹30 (morning sales)
    Income: ₹280 (evening sales)
    Expense: ₹20 (paper cups)
    Expense: ₹180 (stall fee)
    What is the profit (in ₹)?
  15. 15.🔁 Making a bigger batch usually makes each item… (a) free (b) a little cheaper (c) always the same (d) much costlier
  16. 16.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much interest is due after 2 years (in ₹)?
  17. 17.A stall’s fixed costs are ₹290 and each paper bookmark makes ₹10 profit. Vihaan has sold 29 paper bookmarks so far. Has the stall broken even yet? (a) Yes (b) No
  18. 18.A batch of 10 bags of popcorn costs ₹110 to make. What does one cost to make (in ₹)?
  19. 19.A batch of 25 cupcakes costs ₹175 to make. Ananya sells all 25 at ₹8 each. What is the total profit on the batch (in ₹)?
  20. 20.Saanvi makes 15 glasses of chai at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  21. 21.📒 One-time cost or running cost: a price board? (a) a running cost (b) a one-time cost
  22. 22.A batch of 25 glasses of chai costs ₹175 to make. What does one cost to make (in ₹)?
  23. 23.A batch of 25 cupcakes costs ₹100 to make. What does one cost to make (in ₹)?
  24. 24.One painted pebble costs ₹40 to make. Farhan adds a 100% markup. What is the selling price (in ₹)?
  25. 25.Nisha’s stall budget is ₹540. Card paper cost ₹200, paper cups cost ₹100 and ribbon cost ₹50. How many rupees of the budget are left?
  26. 26.🔍 Which is the odd one out? (a) a folding table (b) a juicer (c) a cloth banner (d) ice
  27. 27.A stall’s fixed costs are ₹384 and each glass of chai makes ₹12 profit. Kabir has sold 29 glasses of chai so far. Has the stall broken even yet? (a) No (b) Yes
  28. 28.A batch of 50 potted plants costs ₹400 to make. Gurpreet sells each one for ₹11. What is the profit on each one (in ₹)?
  29. 29.📒 One-time cost or running cost: a cloth banner? (a) a one-time cost (b) a running cost
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.It costs ₹16 to make one painted pebble. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  32. 32.Kabir pays ₹92 for a table and a banner (fixed costs). Each friendship band sold makes ₹4 profit. How many must be sold to break even?
  33. 33.Meera pays ₹168 for a table and a banner (fixed costs). Each glass of chai sold makes ₹8 profit. How many must be sold to break even?
  34. 34.True or false: “a cash box” is a running cost. (a) True (b) False
  35. 35.One cup of lemonade costs ₹60 to make and Vihaan sells it for ₹66. What is the markup in percent?
  36. 36.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  37. 37.One friendship band costs ₹24 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.📅 When is the best time to update your records? (a) whenever you like (b) once a year (c) never (d) the same day
  39. 39.🧾 A fixed cost is one that… (a) grows with each item (b) is always zero (c) is not paid per item (d) is paid by customers
  40. 40.⚖️ “Break-even” means… (a) profit is huge (b) you stopped selling (c) sales = all costs (d) you borrowed money

Answer key

  1. 3
  2. 25
  3. 6
  4. 41
  5. every material used
  6. 896
  7. 60
  8. reinvesting
  9. selling price
  10. income − expenses
  11. 210
  12. 3
  13. money from sales
  14. 110
  15. a little cheaper
  16. 140
  17. Yes
  18. 11
  19. 25
  20. 150
  21. a one-time cost
  22. 7
  23. 4
  24. 80
  25. 190
  26. ice
  27. No
  28. 3
  29. a one-time cost
  30. True
  31. 5
  32. 23
  33. 21
  34. False
  35. 10
  36. what it cost you
  37. 32
  38. the same day
  39. is not paid per item
  40. sales = all costs

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