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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 18 · 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 25 potted plants costs ₹200 to make. What does one cost to make (in ₹)?
  2. 2.A batch of 50 glasses of chai costs ₹200 to make. What does one cost to make (in ₹)?
  3. 3.A small family shop borrows ₹300 from a bank at 3% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  4. 4.One bag of popcorn costs ₹60 to make and Meera sells it for ₹66. What is the markup in percent?
  5. 5.A batch of 25 cups of lemonade costs ₹150 to make. What does one cost to make (in ₹)?
  6. 6.A batch of 50 handmade cards costs ₹300 to make. What does one cost to make (in ₹)?
  7. 7.One painted pebble costs Kabir ₹23 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.Kabir makes 27 cupcakes at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  9. 9.One glass of chai costs ₹40 to make. Rohan adds a 50% markup. What is the selling price (in ₹)?
  10. 10.To make 50 fruit cups, Nisha spends ₹125 on fruit, ₹40 on cups and ₹35 on spoons. What does one cost to make (in ₹)?
  11. 11.It costs ₹52 to make one jute bag. Rohan sells it for ₹64. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹14 to make. Riya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.A batch of 10 potted plants costs ₹80 to make. Riya sells all 10 at ₹13 each. What is the total profit on the batch (in ₹)?
  15. 15.One bag of popcorn costs ₹14 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  16. 16.💡 Before borrowing, what should you ask? (a) can I pay it back? (b) nothing (c) what is the logo? (d) how fast can I spend?
  17. 17.Riya’s stall made a profit of ₹200. Riya saves 25% of it. How many rupees are saved?
  18. 18.🐷 Why save part of the profit? (a) saving is a loss (b) no reason (c) for bad days and goals (d) to waste it later
  19. 19.Which of these is saving? (a) sweets for yourself (b) an emergency fund (c) a new video game (d) better paint for cards
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  21. 21.One jute bag costs ₹18 to make. Meera adds a 50% markup. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs Joseph ₹35 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “a cloth banner” is a one-time cost. (a) False (b) True
  24. 24.Tara plans to make 40 paper bookmarks. Each needs ₹8 of materials, and a banner costs ₹150 once. What total budget is needed (in ₹)?
  25. 25.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  26. 26.A batch of 50 bags of popcorn costs ₹400 to make. Rohan sells each one for ₹17. What is the profit on each one (in ₹)?
  27. 27.One clay diya costs Rohan ₹42 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.📒 Income or expense: cash from selling plants? (a) income (b) expense
  29. 29.To make 20 bags of popcorn, Vihaan spends ₹85 on corn, ₹5 on oil and ₹10 on paper bags. What does one cost to make (in ₹)?
  30. 30.📒 One-time cost or running cost: a cloth banner? (a) a one-time cost (b) a running cost
  31. 31.One cupcake costs Zoya ₹58 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🤔 Besides cost, what should a price think about? (a) the weather only (b) what buyers will pay (c) your favourite number (d) nothing else
  33. 33.🧾 A fixed cost is one that… (a) grows with each item (b) is not paid per item (c) is always zero (d) is paid by customers
  34. 34.📦 Why work out the cost of ONE item? (a) to look clever (b) it does not matter (c) to spend more (d) to set a good price
  35. 35.A stall’s fixed costs are ₹45. Each potted plant costs ₹16 to make and sells for ₹19. How many must be sold to break even?
  36. 36.One cupcake costs ₹52 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  37. 37.🧾 What belongs in the batch cost? (a) the selling price (b) every material used (c) your pocket money (d) only the cheapest one
  38. 38.A batch of 50 fruit cups costs ₹200 to make. What does one cost to make (in ₹)?
  39. 39.One clay diya costs ₹10 to make and Nisha sells it for ₹12. What is the markup in percent?
  40. 40.Saanvi’s stall made a profit of ₹1200. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?

Answer key

  1. 8
  2. 4
  3. 318
  4. 10
  5. 6
  6. 6
  7. Profit
  8. 108
  9. 60
  10. 4
  11. 12
  12. 21
  13. False
  14. 50
  15. 21
  16. can I pay it back?
  17. 50
  18. for bad days and goals
  19. an emergency fund
  20. SP less than CP
  21. 9
  22. Loss
  23. True
  24. 470
  25. saving
  26. 9
  27. Profit
  28. income
  29. 5
  30. a one-time cost
  31. Profit
  32. what buyers will pay
  33. is not paid per item
  34. to set a good price
  35. 15
  36. 13
  37. every material used
  38. 4
  39. 20
  40. 720

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