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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 21 · 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.True or false: “sugar” is a running cost. (a) True (b) False
  2. 2.One fruit cup costs ₹20 to make and Rohan sells it for ₹24. What is the markup in percent?
  3. 3.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  4. 4.True or false: “the price you sell at” is the cost price. (a) False (b) True
  5. 5.True or false: “bus fare to the market” is income (money in). (a) True (b) False
  6. 6.To make 10 fruit cups, Kavya spends ₹10 on fruit, ₹15 on cups and ₹25 on spoons. What does one cost to make (in ₹)?
  7. 7.A batch of 25 cups of lemonade costs ₹150 to make. What does one cost to make (in ₹)?
  8. 8.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  9. 9.Riya plans to make 48 cupcakes. Each needs ₹7 of materials, and a banner costs ₹100 once. What total budget is needed (in ₹)?
  10. 10.Kabir has a budget of ₹700. The stock costs ₹140 and the stall fee is ₹610. Is the budget enough? (a) No (b) Yes
  11. 11.One potted plant costs ₹45 to make. Farhan adds a 20% markup. What is the selling price (in ₹)?
  12. 12.Zoya pays ₹88 for a table and a banner (fixed costs). Each fruit cup sold makes ₹4 profit. How many must be sold to break even?
  13. 13.True or false: “what a customer pays” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.📒 One-time cost or running cost: seeds and soil? (a) a one-time cost (b) a running cost
  16. 16.One clay diya costs ₹60 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
  17. 17.Which of these is income (money in)? (a) buying lemons (b) buying paper cups (c) paying the stall fee (d) payment for a cake order
  18. 18.Tara’s income was ₹460 and the profit was ₹170. One expense was ₹90 (lemons). How much was the other expense, for stall fee (in ₹)?
  19. 19.A small family shop borrows ₹200 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?
  20. 20.📆 Why repay a loan on time? (a) it does not matter (b) to lose friends (c) to pay more interest (d) to keep trust
  21. 21.🧾 What should you keep after buying supplies? (a) only the bag (b) a selfie (c) the bill or receipt (d) nothing
  22. 22.🧮 Cost of one item from a batch = (a) number ÷ batch cost (b) batch cost ÷ number (c) price − cost (d) batch cost × number
  23. 23.It costs ₹46 to make one friendship band. On the last day Rohan sells it for only ₹40. How much is the loss on one (in ₹)?
  24. 24.True or false: “a cash box” is a one-time cost. (a) True (b) False
  25. 25.Vihaan has ₹290 to spend on packs of cups. One pack of cups costs ₹12. What is the greatest number of packs of cups Vihaan can buy?
  26. 26.One paper bookmark costs ₹20 to make. Vihaan adds a 25% markup. What is the selling price (in ₹)?
  27. 27.A stall’s fixed costs are ₹198. Each cup of lemonade costs ₹23 to make and sells for ₹34. How many must be sold to break even?
  28. 28.Diya’s stall made a profit of ₹300. Diya saves 10% of it. How many rupees are saved?
  29. 29.Dev’s stall made a profit of ₹1700. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  30. 30.It costs ₹59 to make one fruit cup. Meera sells it for ₹63. What is the profit on one (in ₹)?
  31. 31.A batch of 50 fruit cups costs ₹450 to make. Kabir sells each one for ₹16. What is the profit on each one (in ₹)?
  32. 32.A batch of 50 handmade cards costs ₹400 to make. Meera sells each one for ₹14. What is the profit on each one (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) True (b) False
  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.Vihaan’s stall took in ₹230 on Friday, ₹120 on Saturday and ₹280 on Sunday. What was the total income (in ₹)?
  36. 36.➖ Profit in your records = (a) expenses − income (b) income − expenses (c) just the income (d) income + expenses
  37. 37.Which of these is spending on yourself? (a) profit put in a bank (b) a piggy bank for later (c) buying a second juicer (d) sweets for yourself
  38. 38.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
  39. 39.It costs ₹36 to make one potted plant. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  40. 40.A small family shop borrows ₹100 from a bank at 7% simple interest per year. How much must it pay back in all after 3 years (in ₹)?

Answer key

  1. True
  2. 20
  3. saving
  4. False
  5. False
  6. 5
  7. 6
  8. SP less than CP
  9. 436
  10. No
  11. 54
  12. 22
  13. True
  14. selling price
  15. a running cost
  16. 66
  17. payment for a cake order
  18. 200
  19. 20
  20. to keep trust
  21. the bill or receipt
  22. batch cost ÷ number
  23. 6
  24. True
  25. 24
  26. 25
  27. 18
  28. 30
  29. 340
  30. 4
  31. 7
  32. 6
  33. False
  34. to set a good price
  35. 630
  36. income − expenses
  37. sweets for yourself
  38. 10 rupees
  39. 8
  40. 121

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