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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 17 · 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.One painted pebble costs Zoya ₹44 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.A batch of 10 glasses of chai costs ₹40 to make. Rohan sells each one for ₹6. What is the profit on each one (in ₹)?
  3. 3.To make 25 bags of popcorn, Kabir spends ₹15 on corn, ₹20 on oil and ₹15 on paper bags. What does one cost to make (in ₹)?
  4. 4.Dev’s stall took in ₹100 on Friday, ₹50 on Saturday and ₹90 on Sunday. What was the total income (in ₹)?
  5. 5.A batch of 10 paper bookmarks costs ₹30 to make. Aarav sells all 10 at ₹13 each. What is the total profit on the batch (in ₹)?
  6. 6.A batch of 50 potted plants costs ₹450 to make. What does one cost to make (in ₹)?
  7. 7.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  8. 8.Meera has ₹240 to spend on packs of cups. One pack of cups costs ₹5. What is the greatest number of packs of cups Meera can buy?
  9. 9.A batch of 10 handmade cards costs ₹20 to make. What does one cost to make (in ₹)?
  10. 10.One potted plant costs ₹30 to make and Rohan sells it for ₹33. What is the markup in percent?
  11. 11.Gurpreet’s stall made a profit of ₹1400. 25% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  12. 12.A stall’s fixed costs are ₹264 and each potted plant makes ₹11 profit. Dev has sold 24 potted plants so far. Has the stall broken even yet? (a) Yes (b) No
  13. 13.A stall’s fixed costs are ₹72 and each painted pebble makes ₹4 profit. Zoya has sold 15 painted pebbles so far. Has the stall broken even yet? (a) No (b) Yes
  14. 14.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
  15. 15.Ananya makes 10 cupcakes at a cost of ₹30 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  17. 17.➖ Profit in your records = (a) income + expenses (b) just the income (c) expenses − income (d) income − expenses
  18. 18.It costs ₹35 to make one bag of popcorn. Farhan sells it for ₹49. What is the profit on one (in ₹)?
  19. 19.One fruit cup costs ₹34 to make and Kabir sells it for ₹51. What is the markup in percent?
  20. 20.Which of these is a one-time cost? (a) paper cups (b) ice (c) tea leaves and milk (d) a cooler box
  21. 21.It costs ₹15 to make one glass of chai. On the last day Riya sells it for only ₹10. How much is the loss on one (in ₹)?
  22. 22.A small family shop borrows ₹700 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  24. 24.Which of these is an expense (money out)? (a) money from sales (b) a card order paid (c) cash from selling plants (d) printing posters
  25. 25.One jute bag costs ₹60 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
  26. 26.True or false: “paper cups” is a one-time cost. (a) True (b) False
  27. 27.🐷 Saving, reinvesting or spending: profit put in a bank? (a) spending (b) reinvesting (c) saving
  28. 28.📒 One-time cost or running cost: a price board? (a) a one-time cost (b) a running cost
  29. 29.A batch of 10 glasses of chai costs ₹30 to make. Riya sells each one for ₹11. What is the profit on each one (in ₹)?
  30. 30.Which of these is saving? (a) better paint for cards (b) profit put in a bank (c) a cinema ticket (d) buying a second juicer
  31. 31.One bag of popcorn costs ₹22 to make and Meera sells it for ₹33. What is the markup in percent?
  32. 32.Riya’s stall made a profit of ₹1700. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  33. 33.Which of these is a one-time cost? (a) paper cups (b) a cloth banner (c) lemons (d) seeds and soil
  34. 34.📒 One-time cost or running cost: a cloth banner? (a) a one-time cost (b) a running cost
  35. 35.A batch of 25 cups of lemonade costs ₹75 to make. Ananya sells all 25 at ₹5 each. What is the total profit on the batch (in ₹)?
  36. 36.🧾 What belongs in the batch cost? (a) only the cheapest one (b) every material used (c) your pocket money (d) the selling price
  37. 37.Vihaan’s record for a rainy day:
    Income: ₹100 (sales)
    Expense: ₹40 (stall fee)
    Expense: ₹120 (posters)
    How much is the loss (in ₹)?
  38. 38.One friendship band costs Aarav ₹31 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.Nisha pays ₹124 for a table and a banner (fixed costs). Each jute bag sold makes ₹4 profit. How many must be sold to break even?
  40. 40.One handmade card costs ₹60 to make and Nisha sells it for ₹66. What is the markup in percent?

Answer key

  1. Profit
  2. 2
  3. 2
  4. 240
  5. 100
  6. 9
  7. what the buyer pays
  8. 48
  9. 2
  10. 10
  11. 630
  12. Yes
  13. No
  14. saving
  15. 60
  16. what it cost you
  17. income − expenses
  18. 14
  19. 50
  20. a cooler box
  21. 5
  22. 910
  23. selling price
  24. printing posters
  25. 66
  26. False
  27. saving
  28. a one-time cost
  29. 8
  30. profit put in a bank
  31. 50
  32. 425
  33. a cloth banner
  34. a one-time cost
  35. 50
  36. every material used
  37. 60
  38. Loss
  39. 31
  40. 10

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