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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 14 · 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 50 bags of popcorn costs ₹250 to make. Gurpreet sells all 50 at ₹12 each. What is the total profit on the batch (in ₹)?
  2. 2.Kavya’s stall made a profit of ₹1500. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  3. 3.🧾 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
  4. 4.Meera’s stall made a profit of ₹1500. Meera saves 10% of it. How many rupees are saved?
  5. 5.Farhan has ₹120 to spend on lemons. One lemon costs ₹15. What is the greatest number of lemons Farhan can buy?
  6. 6.Vihaan makes 19 paper bookmarks at a cost of ₹9 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  8. 8.Ishaan pays ₹429 for a table and a banner (fixed costs). Each friendship band sold makes ₹13 profit. How many must be sold to break even?
  9. 9.⚖️ “Break-even” means… (a) sales = all costs (b) profit is huge (c) you borrowed money (d) you stopped selling
  10. 10.A stall’s fixed costs are ₹143 and each friendship band makes ₹13 profit. Ishaan sells 14. What is the profit after paying the fixed costs (in ₹)?
  11. 11.A stall’s fixed costs are ₹110 and each potted plant makes ₹10 profit. Dev sells 13. What is the profit after paying the fixed costs (in ₹)?
  12. 12.🔁 Making a bigger batch usually makes each item… (a) free (b) always the same (c) much costlier (d) a little cheaper
  13. 13.Which of these is a one-time cost? (a) paper cups (b) tea leaves and milk (c) lemons (d) a juicer
  14. 14.Aarav’s stall made a profit of ₹1700. Aarav saves 10% of it. How many rupees are saved?
  15. 15.One glass of chai costs ₹42 to make. Kabir adds a 50% markup. What is the profit on one (in ₹)?
  16. 16.Aarav’s record for the day:
    Income: ₹300 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹80 (ribbon)
    Expense: ₹190 (stall fee)
    What is the profit (in ₹)?
  17. 17.Meera has a budget of ₹1000. The stock costs ₹370 and the stall fee is ₹630. Is the budget enough? (a) No (b) Yes
  18. 18.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
  19. 19.Aarav has ₹450 to spend on sheets of card paper. One sheet of card paper costs ₹15. What is the greatest number of sheets of card paper Aarav can buy?
  20. 20.Arjun pays ₹272 for a table and a banner (fixed costs). Each painted pebble sold makes ₹8 profit. How many must be sold to break even?
  21. 21.A batch of 10 cupcakes costs ₹30 to make. Farhan sells all 10 at ₹5 each. What is the total profit on the batch (in ₹)?
  22. 22.💡 Before borrowing, what should you ask? (a) nothing (b) can I pay it back? (c) what is the logo? (d) how fast can I spend?
  23. 23.Which of these is an expense (money out)? (a) paying the stall fee (b) a card order paid (c) payment for a cake order (d) cash from selling plants
  24. 24.Tara’s stall made a profit of ₹200. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  25. 25.A batch of 10 fruit cups costs ₹70 to make. Riya sells each one for ₹8. What is the profit on each one (in ₹)?
  26. 26.Which of these is a running cost? (a) a cash box (b) a folding table (c) card paper (d) a cooler box
  27. 27.A batch of 50 glasses of chai costs ₹150 to make. What does one cost to make (in ₹)?
  28. 28.📒 Income or expense: bus fare to the market? (a) income (b) expense
  29. 29.One friendship band costs ₹36 to make. Ananya adds a 50% markup. What is the selling price (in ₹)?
  30. 30.Vihaan plans to make 17 painted pebbles. Each needs ₹3 of materials, and a banner costs ₹240 once. What total budget is needed (in ₹)?
  31. 31.One bag of popcorn costs ₹44 to make. Meera adds a 25% markup. What is the profit on one (in ₹)?
  32. 32.A batch of 25 potted plants costs ₹275 to make. Gurpreet sells each one for ₹13. What is the profit on each one (in ₹)?
  33. 33.One handmade card costs Gurpreet ₹23 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.📦 Why work out the cost of ONE item? (a) it does not matter (b) to look clever (c) to spend more (d) to set a good price
  35. 35.A batch of 25 bags of popcorn costs ₹300 to make. What does one cost to make (in ₹)?
  36. 36.Which of these is reinvesting in the business? (a) a cinema ticket (b) a new video game (c) more seeds for next time (d) a piggy bank for later
  37. 37.📉 A price below the cost leads to… (a) break-even (b) a loss (c) free stock (d) a profit
  38. 38.Which of these is a running cost? (a) a cash box (b) a price board (c) paper cups (d) a cloth banner
  39. 39.It costs ₹36 to make one bag of popcorn. Rohan sells it for ₹46. What is the profit on one (in ₹)?
  40. 40.A batch of 25 bags of popcorn costs ₹100 to make. What does one cost to make (in ₹)?

Answer key

  1. 350
  2. 750
  3. is not paid per item
  4. 150
  5. 8
  6. 133
  7. SP more than CP
  8. 33
  9. sales = all costs
  10. 39
  11. 20
  12. a little cheaper
  13. a juicer
  14. 170
  15. 21
  16. 180
  17. Yes
  18. True
  19. 30
  20. 34
  21. 20
  22. can I pay it back?
  23. paying the stall fee
  24. 40
  25. 1
  26. card paper
  27. 3
  28. expense
  29. 54
  30. 291
  31. 11
  32. 2
  33. Profit
  34. to set a good price
  35. 12
  36. more seeds for next time
  37. a loss
  38. paper cups
  39. 10
  40. 4

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