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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 25 · 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.A batch of 10 cupcakes costs ₹40 to make. Rohan sells all 10 at ₹7 each. What is the total profit on the batch (in ₹)?
  2. 2.One bag of popcorn costs ₹32 to make and Diya sells it for ₹48. What is the markup in percent?
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.A batch of 20 bags of popcorn costs ₹200 to make. Aarav sells each one for ₹11. What is the profit on each one (in ₹)?
  5. 5.Riya’s stall made a profit of ₹1000. Riya saves 20% of it. How many rupees are saved?
  6. 6.A stall’s fixed costs are ₹231. Each jute bag costs ₹25 to make and sells for ₹36. How many must be sold to break even?
  7. 7.True or false: “money from sales” is an expense (money out). (a) False (b) True
  8. 8.📒 One-time cost or running cost: lemons? (a) a one-time cost (b) a running cost
  9. 9.🏦 Interest on a loan is… (a) free money (b) the cost of borrowing (c) a gift (d) a discount
  10. 10.Which of these is a running cost? (a) a price board (b) a folding table (c) a cloth banner (d) seeds and soil
  11. 11.One cup of lemonade costs ₹28 to make and Dev sells it for ₹35. What is the markup in percent?
  12. 12.Joseph’s record for the day:
    Income: ₹90 (morning sales)
    Income: ₹30 (evening sales)
    Expense: ₹20 (card paper)
    Expense: ₹30 (sugar)
    What is the profit (in ₹)?
  13. 13.Which of these is saving? (a) better paint for cards (b) more seeds for next time (c) profit put in a bank (d) buying a second juicer
  14. 14.One potted plant costs ₹11 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.One cup of lemonade costs ₹23 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  16. 16.It costs ₹58 to make one glass of chai. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  17. 17.It costs ₹48 to make one painted pebble. Diya sells it for ₹63. What is the profit on one (in ₹)?
  18. 18.Kavya’s stall made a profit of ₹1200. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  19. 19.🔁 Making a bigger batch usually makes each item… (a) free (b) always the same (c) a little cheaper (d) much costlier
  20. 20.A stall’s fixed costs are ₹180. Each bag of popcorn costs ₹20 to make and sells for ₹30. How many must be sold to break even?
  21. 21.True or false: “tea leaves and milk” is a running cost. (a) True (b) False
  22. 22.A stall’s fixed costs are ₹442 and each friendship band makes ₹13 profit. Gurpreet sells 46. What is the profit after paying the fixed costs (in ₹)?
  23. 23.It costs ₹42 to make one handmade card. Kavya sells it for ₹45. What is the profit on one (in ₹)?
  24. 24.Which of these is a one-time cost? (a) sugar (b) card paper (c) tea leaves and milk (d) a price board
  25. 25.📆 Why repay a loan on time? (a) to keep trust (b) to pay more interest (c) it does not matter (d) to lose friends
  26. 26.🧾 A fixed cost is one that… (a) grows with each item (b) is not paid per item (c) is always zero (d) is paid by customers
  27. 27.💡 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?
  28. 28.Vihaan’s stall made a profit of ₹2000. Vihaan saves 10% of it. How many rupees are saved?
  29. 29.One jute bag costs ₹28 to make. Nisha adds a 25% markup. What is the selling price (in ₹)?
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.One glass of chai costs Diya ₹38 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One painted pebble costs ₹40 to make. Diya adds a 10% markup. What is the profit on one (in ₹)?
  33. 33.Farhan’s stall made a profit of ₹300. Farhan saves 10% of it. How many rupees are saved?
  34. 34.Which of these is saving? (a) buying a second juicer (b) sweets for yourself (c) a piggy bank for later (d) a cinema ticket
  35. 35.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  36. 36.A batch of 10 cups of lemonade costs ₹30 to make. Saanvi sells each one for ₹7. What is the profit on each one (in ₹)?
  37. 37.One paper bookmark costs ₹44 to make. Rohan adds a 50% markup. What is the profit on one (in ₹)?
  38. 38.📦 Why work out the cost of ONE item? (a) to look clever (b) to spend more (c) it does not matter (d) to set a good price
  39. 39.A stall’s fixed costs are ₹84 and each cupcake makes ₹7 profit. Rohan has sold 10 cupcakes so far. Has the stall broken even yet? (a) No (b) Yes
  40. 40.A stall’s fixed costs are ₹60 and each jute bag makes ₹3 profit. Tara sells 22. What is the profit after paying the fixed costs (in ₹)?

Answer key

  1. 30
  2. 50
  3. False
  4. 1
  5. 200
  6. 21
  7. False
  8. a running cost
  9. the cost of borrowing
  10. seeds and soil
  11. 25
  12. 70
  13. profit put in a bank
  14. 25
  15. 46
  16. 9
  17. 15
  18. 480
  19. a little cheaper
  20. 18
  21. True
  22. 156
  23. 3
  24. a price board
  25. to keep trust
  26. is not paid per item
  27. can I pay it back?
  28. 200
  29. 35
  30. True
  31. Loss
  32. 4
  33. 30
  34. a piggy bank for later
  35. a running cost
  36. 4
  37. 22
  38. to set a good price
  39. No
  40. 6

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