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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 13 · 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.Farhan has ₹160 to spend on sheets of card paper. One sheet of card paper costs ₹5. What is the greatest number of sheets of card paper Farhan can buy?
  2. 2.🏦 Interest on a loan is… (a) the cost of borrowing (b) free money (c) a gift (d) a discount
  3. 3.🔁 Reinvesting means… (a) giving it away (b) spending it on games (c) hiding it (d) putting profit back in
  4. 4.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 10 rupees (c) 50 rupees (d) 5 rupees
  5. 5.True or false: “buying paper cups” is an expense (money out). (a) True (b) False
  6. 6.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.True or false: “printing posters” is an expense (money out). (a) False (b) True
  9. 9.One bag of popcorn costs ₹56 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  10. 10.A stall’s fixed costs are ₹315. Each cupcake costs ₹5 to make and sells for ₹14. How many must be sold to break even?
  11. 11.Arjun’s stall made a profit of ₹1800. Arjun saves 25% of it. How many rupees are saved?
  12. 12.A stall’s fixed costs are ₹50 and each painted pebble makes ₹10 profit. Ananya sells 15. What is the profit after paying the fixed costs (in ₹)?
  13. 13.A batch of 20 cupcakes costs ₹80 to make. Lakshmi sells all 20 at ₹13 each. What is the total profit on the batch (in ₹)?
  14. 14.A batch of 25 bags of popcorn costs ₹225 to make. What does one cost to make (in ₹)?
  15. 15.🐷 Saving, reinvesting or spending: more seeds for next time? (a) saving (b) reinvesting (c) spending
  16. 16.True or false: “card paper” is a running cost. (a) False (b) True
  17. 17.A batch of 20 bags of popcorn costs ₹120 to make. Ananya sells each one for ₹15. What is the profit on each one (in ₹)?
  18. 18.Which of these is a running cost? (a) a folding table (b) a cooler box (c) ice (d) a cloth banner
  19. 19.Lakshmi’s stall made a profit of ₹1800. Lakshmi saves 20% of it. How many rupees are saved?
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.True or false: “what you paid for it” is the selling price. (a) False (b) True
  22. 22.A stall’s fixed costs are ₹144 and each jute bag makes ₹12 profit. Dev has sold 14 jute bags so far. Has the stall broken even yet? (a) No (b) Yes
  23. 23.📒 One-time cost or running cost: a cloth banner? (a) a running cost (b) a one-time cost
  24. 24.One fruit cup costs ₹52 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹50 to make. Gurpreet adds a 10% markup. What is the selling price (in ₹)?
  26. 26.Vihaan has ₹140 to spend on packs of cups. One pack of cups costs ₹15. What is the greatest number of packs of cups Vihaan can buy?
  27. 27.📒 Why write down every sale and cost? (a) to know the real profit (b) to look busy (c) to fill a notebook (d) no reason
  28. 28.To make 50 potted plants, Kabir spends ₹30 on pots, ₹285 on soil and ₹235 on seeds. What does one cost to make (in ₹)?
  29. 29.Zoya plans to make 27 jute bags. Each needs ₹4 of materials, and a banner costs ₹150 once. What total budget is needed (in ₹)?
  30. 30.One handmade card costs ₹34 to make. Gurpreet adds a 100% markup. What is the selling price (in ₹)?
  31. 31.🔁 Making a bigger batch usually makes each item… (a) much costlier (b) always the same (c) free (d) a little cheaper
  32. 32.Which of these is saving? (a) better paint for cards (b) profit put in a bank (c) a new video game (d) more seeds for next time
  33. 33.📦 Why work out the cost of ONE item? (a) it does not matter (b) to spend more (c) to set a good price (d) to look clever
  34. 34.One paper bookmark costs ₹40 to make and Kabir sells it for ₹80. What is the markup in percent?
  35. 35.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  36. 36.Gurpreet’s income was ₹120 and the profit was ₹100. One expense was ₹10 (sugar). How much was the other expense, for transport (in ₹)?
  37. 37.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  38. 38.🔍 Which is the odd one out? (a) lemons (b) a cloth banner (c) tea leaves and milk (d) ice
  39. 39.One cup of lemonade costs ₹50 to make and Zoya sells it for ₹60. What is the markup in percent?
  40. 40.🔢 Break-even number of items = (a) fixed cost ÷ profit (b) fixed cost × profit (c) profit − fixed cost (d) price ÷ cost

Answer key

  1. 32
  2. the cost of borrowing
  3. putting profit back in
  4. 10 rupees
  5. True
  6. False
  7. cost price
  8. True
  9. 112
  10. 35
  11. 450
  12. 100
  13. 180
  14. 9
  15. reinvesting
  16. True
  17. 9
  18. ice
  19. 360
  20. False
  21. False
  22. Yes
  23. a one-time cost
  24. 26
  25. 55
  26. 9
  27. to know the real profit
  28. 11
  29. 258
  30. 68
  31. a little cheaper
  32. profit put in a bank
  33. to set a good price
  34. 100
  35. a one-time cost
  36. 10
  37. what the buyer pays
  38. a cloth banner
  39. 20
  40. fixed cost ÷ profit

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