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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 16 · 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.🧾 What belongs in the batch cost? (a) your pocket money (b) every material used (c) the selling price (d) only the cheapest one
  2. 2.🔍 Which is the odd one out? (a) lemons (b) a cooler box (c) a cash box (d) a price board
  3. 3.A batch of 50 paper bookmarks costs ₹550 to make. What does one cost to make (in ₹)?
  4. 4.One cup of lemonade costs ₹53 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  5. 5.A batch of 25 potted plants costs ₹175 to make. What does one cost to make (in ₹)?
  6. 6.Aarav’s record for a rainy day:
    Income: ₹90 (sales)
    Expense: ₹10 (stall fee)
    Expense: ₹100 (paper cups)
    How much is the loss (in ₹)?
  7. 7.Farhan has a budget of ₹500. The stock costs ₹250 and the stall fee is ₹260. Is the budget enough? (a) Yes (b) No
  8. 8.🔍 Which is the odd one out? (a) a cloth banner (b) a cash box (c) tea leaves and milk (d) a cooler box
  9. 9.A small family shop borrows ₹200 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  10. 10.📒 Income or expense: buying lemons? (a) expense (b) income
  11. 11.To make 50 cupcakes, Ananya spends ₹130 on flour, ₹240 on butter and ₹230 on paper cases. What does one cost to make (in ₹)?
  12. 12.Aarav has ₹260 to spend on packs of cups. One pack of cups costs ₹4. What is the greatest number of packs of cups Aarav can buy?
  13. 13.One potted plant costs ₹38 to make. Vihaan adds a 50% markup. What is the selling price (in ₹)?
  14. 14.A stall’s fixed costs are ₹54 and each friendship band makes ₹6 profit. Joseph sells 16. What is the profit after paying the fixed costs (in ₹)?
  15. 15.A batch of 25 potted plants costs ₹100 to make. What does one cost to make (in ₹)?
  16. 16.🎉 After the break-even point, each extra item sold… (a) adds loss (b) is free (c) adds profit (d) changes nothing
  17. 17.Which of these is spending on yourself? (a) more seeds for next time (b) a cinema ticket (c) profit put in a bank (d) an emergency fund
  18. 18.A stall’s fixed costs are ₹140 and each cup of lemonade makes ₹14 profit. Kabir has sold 8 cups of lemonade so far. Has the stall broken even yet? (a) No (b) Yes
  19. 19.One bag of popcorn costs ₹45 to make. Saanvi adds a 20% markup. What is the profit on one (in ₹)?
  20. 20.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) ask strangers (c) borrow online alone (d) talk to parents
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.A batch of 10 fruit cups costs ₹60 to make. What does one cost to make (in ₹)?
  23. 23.To make 25 handmade cards, Tara spends ₹70 on card paper, ₹70 on colour pens and ₹160 on envelopes. What does one cost to make (in ₹)?
  24. 24.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
  25. 25.A stall’s fixed costs are ₹90. Each handmade card costs ₹10 to make and sells for ₹16. How many must be sold to break even?
  26. 26.One cup of lemonade costs ₹26 to make and Gurpreet sells it for ₹39. What is the markup in percent?
  27. 27.Which of these is a one-time cost? (a) ice (b) seeds and soil (c) lemons (d) a price board
  28. 28.Ananya pays ₹70 for a table and a banner (fixed costs). Each clay diya sold makes ₹2 profit. How many must be sold to break even?
  29. 29.True or false: “card paper” is a running cost. (a) True (b) False
  30. 30.📦 Why work out the cost of ONE item? (a) to spend more (b) to look clever (c) to set a good price (d) it does not matter
  31. 31.A batch of 50 potted plants costs ₹350 to make. What does one cost to make (in ₹)?
  32. 32.A batch of 10 fruit cups costs ₹50 to make. Riya sells each one for ₹7. What is the profit on each one (in ₹)?
  33. 33.Gurpreet’s stall budget is ₹610. Napkins cost ₹240, ribbon cost ₹150 and a banner cost ₹120. How many rupees of the budget are left?
  34. 34.Joseph pays ₹392 for a table and a banner (fixed costs). Each clay diya sold makes ₹14 profit. How many must be sold to break even?
  35. 35.Aarav’s stall made a profit of ₹1600. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
  36. 36.One handmade card costs ₹10 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  37. 37.Meera’s stall made a profit of ₹900. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  38. 38.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  39. 39.Which of these is a one-time cost? (a) paper cups (b) a cash box (c) card paper (d) tea leaves and milk
  40. 40.🧮 Cost of one item from a batch = (a) number ÷ batch cost (b) price − cost (c) batch cost ÷ number (d) batch cost × number

Answer key

  1. every material used
  2. lemons
  3. 11
  4. 57
  5. 7
  6. 20
  7. No
  8. tea leaves and milk
  9. 204
  10. expense
  11. 12
  12. 65
  13. 57
  14. 42
  15. 4
  16. adds profit
  17. a cinema ticket
  18. No
  19. 9
  20. talk to parents
  21. True
  22. 6
  23. 12
  24. buying a second juicer
  25. 15
  26. 50
  27. a price board
  28. 35
  29. True
  30. to set a good price
  31. 7
  32. 2
  33. 100
  34. 28
  35. 880
  36. 11
  37. 180
  38. a one-time cost
  39. a cash box
  40. batch cost ÷ number

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