Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 2 · 40 questions

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.

1. 1.Riya pays ₹351 for a table and a banner (fixed costs). Each paper bookmark sold makes ₹9 profit. How many must be sold to break even?
2. 2.🧮 Cost of one item from a batch = (a) batch cost × number (b) batch cost ÷ number (c) price − cost (d) number ÷ batch cost
3. 3.🔁 Making a bigger batch usually makes each item… (a) a little cheaper (b) free (c) always the same (d) much costlier
4. 4.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
5. 5.Ananya’s record for a rainy day:
   Income: ₹170 (sales)
   Expense: ₹50 (posters)
   Expense: ₹140 (paper cups)
   How much is the loss (in ₹)?
6. 6.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) what is the logo? (c) nothing (d) can I pay it back?
7. 7.A stall’s fixed costs are ₹96 and each fruit cup makes ₹3 profit. Ishaan sells 45. What is the profit after paying the fixed costs (in ₹)?
8. 8.A stall’s fixed costs are ₹80. Each paper bookmark costs ₹29 to make and sells for ₹33. How many must be sold to break even?
9. 9.Which of these is income (money in)? (a) buying lemons (b) paying the stall fee (c) buying paper cups (d) payment for a cake order
10. 10.A batch of 10 cupcakes costs ₹100 to make. What does one cost to make (in ₹)?
11. 11.📦 Why work out the cost of ONE item? (a) to spend more (b) to look clever (c) it does not matter (d) to set a good price
12. 12.A batch of 50 bags of popcorn costs ₹300 to make. Kavya sells each one for ₹7. What is the profit on each one (in ₹)?
13. 13.Kavya’s stall budget is ₹690. A price board cost ₹220, napkins cost ₹240 and seeds cost ₹80. How many rupees of the budget are left?
14. 14.Which of these is income (money in)? (a) buying paper cups (b) tutoring fees received (c) bus fare to the market (d) buying lemons
15. 15.One paper bookmark costs ₹20 to make. Ananya adds a 20% markup. What is the selling price (in ₹)?
16. 16.Kabir makes 30 cups of lemonade at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
17. 17.One handmade card costs ₹24 to make. Kabir adds a 100% markup. What is the selling price (in ₹)?
18. 18.A batch of 25 bags of popcorn costs ₹125 to make. Kabir sells each one for ₹10. What is the profit on each one (in ₹)?
19. 19.Ishaan’s stall took in ₹50 on Friday, ₹50 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
20. 20.🧾 A fixed cost is one that… (a) is always zero (b) grows with each item (c) is paid by customers (d) is not paid per item
21. 21.One handmade card costs ₹60 to make. Ananya adds a 10% markup. What is the selling price (in ₹)?
22. 22.One cup of lemonade costs ₹30 to make. Aarav adds a 10% markup. What is the profit on one (in ₹)?
23. 23.A stall’s fixed costs are ₹152 and each clay diya makes ₹8 profit. Zoya sells 24. What is the profit after paying the fixed costs (in ₹)?
24. 24.Which of these is a running cost? (a) a folding table (b) a juicer (c) a cash box (d) paper cups
25. 25.A stall’s fixed costs are ₹48 and each potted plant makes ₹3 profit. Tara has sold 13 potted plants so far. Has the stall broken even yet? (a) Yes (b) No
26. 26.A stall’s fixed costs are ₹30 and each cup of lemonade makes ₹2 profit. Meera sells 16. What is the profit after paying the fixed costs (in ₹)?
27. 27.A stall’s fixed costs are ₹72 and each clay diya makes ₹8 profit. Dev has sold 6 clay diyas so far. Has the stall broken even yet? (a) Yes (b) No
28. 28.Which of these is reinvesting in the business? (a) an emergency fund (b) a new video game (c) buying a second juicer (d) sweets for yourself
29. 29.A stall’s fixed costs are ₹196 and each fruit cup makes ₹7 profit. Ananya sells 39. What is the profit after paying the fixed costs (in ₹)?
30. 30.True or false: “cash from selling plants” is an expense (money out). (a) True (b) False
31. 31.🔍 Which is the odd one out? (a) seeds and soil (b) sugar (c) card paper (d) a juicer
32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
33. 33.A batch of 20 paper bookmarks costs ₹160 to make. Joseph sells each one for ₹9. What is the profit on each one (in ₹)?
34. 34.Meera pays ₹442 for a table and a banner (fixed costs). Each jute bag sold makes ₹13 profit. How many must be sold to break even?
35. 35.📒 Why write down every sale and cost? (a) to know the real profit (b) no reason (c) to fill a notebook (d) to look busy
36. 36.Rohan has a budget of ₹500. The stock costs ₹100 and the stall fee is ₹370. Is the budget enough? (a) Yes (b) No
37. 37.🔍 Which is the odd one out? (a) lemons (b) seeds and soil (c) ice (d) a cloth banner
38. 38.Ishaan’s stall took in ₹280 on Friday, ₹320 on Saturday and ₹320 on Sunday. What was the total income (in ₹)?
39. 39.One handmade card costs ₹36 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
40. 40.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?

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