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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 22 · 40 questions
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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 10 handmade cards costs ₹110 to make. Lakshmi sells each one for ₹21. What is the profit on each one (in ₹)?
  2. 2.🔍 Which is the odd one out? (a) lemons (b) a juicer (c) card paper (d) sugar
  3. 3.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  4. 4.🧾 A fixed cost is one that… (a) is paid by customers (b) is not paid per item (c) is always zero (d) grows with each item
  5. 5.It costs ₹46 to make one glass of chai. On the last day Saanvi sells it for only ₹44. How much is the loss on one (in ₹)?
  6. 6.One potted plant costs ₹20 to make and Lakshmi sells it for ₹24. What is the markup in percent?
  7. 7.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  8. 8.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) ask strangers (c) take it secretly (d) borrow online alone
  9. 9.🎉 After the break-even point, each extra item sold… (a) adds loss (b) adds profit (c) changes nothing (d) is free
  10. 10.A batch of 10 glasses of chai costs ₹30 to make. Aarav sells all 10 at ₹9 each. What is the total profit on the batch (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.Which of these is a running cost? (a) a juicer (b) seeds and soil (c) a folding table (d) a cooler box
  13. 13.One painted pebble costs ₹21 to make and Arjun sells it for ₹42. What is the markup in percent?
  14. 14.Which of these is saving? (a) better paint for cards (b) sweets for yourself (c) a new video game (d) a piggy bank for later
  15. 15.📒 One-time cost or running cost: a juicer? (a) a one-time cost (b) a running cost
  16. 16.To make 10 cups of lemonade, Meera spends ₹30 on lemons, ₹5 on sugar and ₹5 on paper cups. What does one cost to make (in ₹)?
  17. 17.Nisha pays ₹240 for a table and a banner (fixed costs). Each potted plant sold makes ₹15 profit. How many must be sold to break even?
  18. 18.One glass of chai costs ₹46 to make. Tara adds a 50% markup. What is the selling price (in ₹)?
  19. 19.📒 Income or expense: cash from selling plants? (a) income (b) expense
  20. 20.A stall’s fixed costs are ₹56. Each jute bag costs ₹21 to make and sells for ₹25. How many must be sold to break even?
  21. 21.Which of these is a one-time cost? (a) lemons (b) seeds and soil (c) paper cups (d) a price board
  22. 22.Which of these is saving? (a) profit put in a bank (b) a new video game (c) buying a second juicer (d) better paint for cards
  23. 23.One handmade card costs ₹35 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  24. 24.📒 Income or expense: buying lemons? (a) expense (b) income
  25. 25.Which of these is reinvesting in the business? (a) a new video game (b) more seeds for next time (c) profit put in a bank (d) an emergency fund
  26. 26.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) no reason (d) to know the real profit
  27. 27.A stall’s fixed costs are ₹93 and each glass of chai makes ₹3 profit. Saanvi sells 35. What is the profit after paying the fixed costs (in ₹)?
  28. 28.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  29. 29.A batch of 25 paper bookmarks costs ₹300 to make. Kabir sells each one for ₹14. What is the profit on each one (in ₹)?
  30. 30.Kabir has a budget of ₹300. The stock costs ₹110 and the stall fee is ₹150. Is the budget enough? (a) No (b) Yes
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  32. 32.Riya pays ₹560 for a table and a banner (fixed costs). Each fruit cup sold makes ₹14 profit. How many must be sold to break even?
  33. 33.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  34. 34.One painted pebble costs ₹18 to make and Ishaan sells it for ₹36. What is the markup in percent?
  35. 35.🧮 Cost of one item from a batch = (a) price − cost (b) batch cost × number (c) batch cost ÷ number (d) number ÷ batch cost
  36. 36.🧾 What belongs in the batch cost? (a) the selling price (b) every material used (c) only the cheapest one (d) your pocket money
  37. 37.🔁 Making a bigger batch usually makes each item… (a) always the same (b) a little cheaper (c) free (d) much costlier
  38. 38.A batch of 10 glasses of chai costs ₹50 to make. What does one cost to make (in ₹)?
  39. 39.It costs ₹56 to make one potted plant. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  40. 40.A batch of 10 paper bookmarks costs ₹70 to make. What does one cost to make (in ₹)?

Answer key

  1. 10
  2. a juicer
  3. SP more than CP
  4. is not paid per item
  5. 2
  6. 20
  7. a loss
  8. talk to parents
  9. adds profit
  10. 60
  11. cost price
  12. seeds and soil
  13. 100
  14. a piggy bank for later
  15. a one-time cost
  16. 4
  17. 16
  18. 69
  19. income
  20. 14
  21. a price board
  22. profit put in a bank
  23. 55
  24. expense
  25. more seeds for next time
  26. to know the real profit
  27. 12
  28. what it cost you
  29. 2
  30. Yes
  31. selling price
  32. 40
  33. what the buyer pays
  34. 100
  35. batch cost ÷ number
  36. every material used
  37. a little cheaper
  38. 5
  39. 2
  40. 7

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