Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 24 · 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.Nisha pays ₹84 for a table and a banner (fixed costs). Each jute bag sold makes ₹6 profit. How many must be sold to break even?
2. 2.🔁 Making a bigger batch usually makes each item… (a) a little cheaper (b) always the same (c) much costlier (d) free
3. 3.One handmade card costs ₹35 to make. Vihaan adds a 20% markup. What is the profit on one (in ₹)?
4. 4.Dev’s record for the day:
   Income: ₹20 (morning sales)
   Income: ₹250 (evening sales)
   Expense: ₹60 (paper cups)
   Expense: ₹180 (sugar)
   What is the profit (in ₹)?
5. 5.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
6. 6.A batch of 10 bags of popcorn costs ₹100 to make. What does one cost to make (in ₹)?
7. 7.A batch of 50 bags of popcorn costs ₹200 to make. What does one cost to make (in ₹)?
8. 8.A small family shop borrows ₹600 from a bank at 5% simple interest per year. How much interest is due after 3 years (in ₹)?
9. 9.True or false: “paper cups” is a one-time cost. (a) False (b) True
10. 10.Ishaan’s income was ₹420 and the profit was ₹160. One expense was ₹160 (card paper). How much was the other expense, for transport (in ₹)?
11. 11.A small family shop borrows ₹400 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
12. 12.Which of these is reinvesting in the business? (a) a new video game (b) sweets for yourself (c) better paint for cards (d) a piggy bank for later
13. 13.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) reinvesting (c) spending
14. 14.A small family shop borrows ₹400 from a bank at 3% simple interest per year. How much interest is due after 2 years (in ₹)?
15. 15.Which of these is a running cost? (a) a cooler box (b) a folding table (c) a cash box (d) paper cups
16. 16.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) money from sales (d) bus fare to the market
17. 17.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) reinvesting (c) spending
18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
19. 19.📦 Why work out the cost of ONE item? (a) it does not matter (b) to spend more (c) to look clever (d) to set a good price
20. 20.Tara makes 29 cups of lemonade at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
21. 21.One cupcake costs Aarav ₹48 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
22. 22.A batch of 20 glasses of chai costs ₹180 to make. What does one cost to make (in ₹)?
23. 23.One friendship band costs ₹48 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
24. 24.Which of these is spending on yourself? (a) profit put in a bank (b) more seeds for next time (c) a cinema ticket (d) a piggy bank for later
25. 25.Gurpreet’s stall made a profit of ₹1400. Gurpreet saves 25% of it. How many rupees are saved?
26. 26.💡 Before borrowing, what should you ask? (a) what is the logo? (b) can I pay it back? (c) nothing (d) how fast can I spend?
27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
28. 28.A stall’s fixed costs are ₹204 and each handmade card makes ₹12 profit. Rohan sells 34. What is the profit after paying the fixed costs (in ₹)?
29. 29.A batch of 50 potted plants costs ₹450 to make. Meera sells all 50 at ₹12 each. What is the total profit on the batch (in ₹)?
30. 30.A stall’s fixed costs are ₹45 and each friendship band makes ₹5 profit. Arjun has sold 8 friendship bands so far. Has the stall broken even yet? (a) Yes (b) No
31. 31.📒 Income or expense: bus fare to the market? (a) expense (b) income
32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
33. 33.A batch of 20 glasses of chai costs ₹240 to make. Ananya sells each one for ₹21. What is the profit on each one (in ₹)?
34. 34.Lakshmi’s stall took in ₹400 on Friday, ₹100 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
35. 35.To make 50 paper bookmarks, Gurpreet spends ₹135 on card paper, ₹5 on ribbon and ₹10 on stickers. What does one cost to make (in ₹)?
36. 36.A stall’s fixed costs are ₹216 and each glass of chai makes ₹6 profit. Aarav has sold 33 glasses of chai so far. Has the stall broken even yet? (a) No (b) Yes
37. 37.A batch of 10 cups of lemonade costs ₹120 to make. Aarav sells each one for ₹16. What is the profit on each one (in ₹)?
38. 38.📒 One-time cost or running cost: a cloth banner? (a) a one-time cost (b) a running cost
39. 39.One cup of lemonade costs ₹58 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
40. 40.Rohan plans to make 44 painted pebbles. Each needs ₹10 of materials, and a banner costs ₹210 once. What total budget is needed (in ₹)?

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids