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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 20 · 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) the selling price (b) only the cheapest one (c) your pocket money (d) every material used
  2. 2.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
  3. 3.A batch of 25 fruit cups costs ₹100 to make. Vihaan sells each one for ₹12. What is the profit on each one (in ₹)?
  4. 4.A stall’s fixed costs are ₹48 and each clay diya makes ₹4 profit. Zoya sells 22. What is the profit after paying the fixed costs (in ₹)?
  5. 5.A stall’s fixed costs are ₹84. Each jute bag costs ₹30 to make and sells for ₹34. How many must be sold to break even?
  6. 6.A batch of 20 handmade cards costs ₹200 to make. What does one cost to make (in ₹)?
  7. 7.A batch of 20 cupcakes costs ₹140 to make. Rohan sells each one for ₹8. What is the profit on each one (in ₹)?
  8. 8.Which of these is reinvesting in the business? (a) an emergency fund (b) more seeds for next time (c) a new video game (d) a cinema ticket
  9. 9.🔍 Which is the odd one out? (a) card paper (b) a cash box (c) a juicer (d) a price board
  10. 10.To make 10 cups of lemonade, Nisha spends ₹35 on lemons, ₹15 on sugar and ₹10 on paper cups. What does one cost to make (in ₹)?
  11. 11.True or false: “what you paid for it” is the cost price. (a) True (b) False
  12. 12.One painted pebble costs ₹36 to make. Diya adds a 50% markup. What is the selling price (in ₹)?
  13. 13.A batch of 20 cups of lemonade costs ₹220 to make. Riya sells all 20 at ₹15 each. What is the total profit on the batch (in ₹)?
  14. 14.🧾 What should you keep after buying supplies? (a) the bill or receipt (b) only the bag (c) nothing (d) a selfie
  15. 15.One glass of chai costs ₹12 to make and Rohan sells it for ₹18. What is the markup in percent?
  16. 16.A stall’s fixed costs are ₹72 and each paper bookmark makes ₹12 profit. Arjun sells 16. What is the profit after paying the fixed costs (in ₹)?
  17. 17.🔍 Which is the odd one out? (a) a cooler box (b) a price board (c) a juicer (d) sugar
  18. 18.One fruit cup costs ₹42 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  20. 20.True or false: “what you paid for it” is the selling price. (a) False (b) True
  21. 21.A batch of 50 potted plants costs ₹450 to make. Rohan sells all 50 at ₹11 each. What is the total profit on the batch (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.💡 Before borrowing, what should you ask? (a) what is the logo? (b) nothing (c) how fast can I spend? (d) can I pay it back?
  24. 24.Riya’s stall made a profit of ₹200. 20% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are spent?
  25. 25.A batch of 25 paper bookmarks costs ₹50 to make. Tara sells all 25 at ₹5 each. What is the total profit on the batch (in ₹)?
  26. 26.A batch of 25 paper bookmarks costs ₹75 to make. What does one cost to make (in ₹)?
  27. 27.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost + a markup (c) cost − a markup (d) guess any price
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.🏦 Interest on a loan is… (a) a discount (b) the cost of borrowing (c) free money (d) a gift
  30. 30.Which of these is reinvesting in the business? (a) a new video game (b) a cinema ticket (c) a piggy bank for later (d) better paint for cards
  31. 31.📒 One-time cost or running cost: ice? (a) a running cost (b) a one-time cost
  32. 32.Aarav’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹20 (lemons)
    Expense: ₹60 (stall fee)
    How much is the loss (in ₹)?
  33. 33.Joseph has a budget of ₹300. The stock costs ₹70 and the stall fee is ₹180. Is the budget enough? (a) No (b) Yes
  34. 34.📒 Income or expense: paying the stall fee? (a) income (b) expense
  35. 35.📒 Why write down every sale and cost? (a) to look busy (b) no reason (c) to know the real profit (d) to fill a notebook
  36. 36.A stall’s fixed costs are ₹52 and each bag of popcorn makes ₹2 profit. Kavya has sold 28 bags of popcorn so far. Has the stall broken even yet? (a) Yes (b) No
  37. 37.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  38. 38.Which of these is an expense (money out)? (a) money from sales (b) a card order paid (c) payment for a cake order (d) printing posters
  39. 39.A batch of 20 glasses of chai costs ₹200 to make. Lakshmi sells each one for ₹19. What is the profit on each one (in ₹)?
  40. 40.📒 Income or expense: money from sales? (a) income (b) expense

Answer key

  1. every material used
  2. 189
  3. 8
  4. 40
  5. 21
  6. 10
  7. 1
  8. more seeds for next time
  9. card paper
  10. 6
  11. True
  12. 54
  13. 80
  14. the bill or receipt
  15. 50
  16. 120
  17. sugar
  18. 21
  19. what it cost you
  20. False
  21. 100
  22. selling price
  23. can I pay it back?
  24. 100
  25. 75
  26. 3
  27. cost + a markup
  28. True
  29. the cost of borrowing
  30. better paint for cards
  31. a running cost
  32. 20
  33. Yes
  34. expense
  35. to know the real profit
  36. Yes
  37. reinvesting
  38. printing posters
  39. 9
  40. income

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