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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 26 · 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.

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  1. 1.A batch of 10 cups of lemonade costs ₹80 to make. Diya sells all 10 at ₹18 each. What is the total profit on the batch (in ₹)?
  2. 2.Riya’s record for a rainy day:
    Income: ₹60 (sales)
    Expense: ₹30 (stall fee)
    Expense: ₹50 (transport)
    How much is the loss (in ₹)?
  3. 3.A batch of 20 potted plants costs ₹60 to make. Nisha sells each one for ₹12. What is the profit on each one (in ₹)?
  4. 4.A batch of 10 potted plants costs ₹70 to make. What does one cost to make (in ₹)?
  5. 5.A batch of 10 fruit cups costs ₹90 to make. Riya sells all 10 at ₹14 each. What is the total profit on the batch (in ₹)?
  6. 6.🧾 What belongs in the batch cost? (a) the selling price (b) every material used (c) only the cheapest one (d) your pocket money
  7. 7.True or false: “buying paper cups” is an expense (money out). (a) False (b) True
  8. 8.Farhan’s record for the day:
    Income: ₹190 (morning sales)
    Income: ₹330 (evening sales)
    Expense: ₹70 (lemons)
    Expense: ₹150 (transport)
    What is the profit (in ₹)?
  9. 9.A stall’s fixed costs are ₹72 and each friendship band makes ₹4 profit. Farhan has sold 16 friendship bands so far. Has the stall broken even yet? (a) No (b) Yes
  10. 10.⚖️ “Break-even” means… (a) you stopped selling (b) profit is huge (c) you borrowed money (d) sales = all costs
  11. 11.A batch of 20 bags of popcorn costs ₹120 to make. Tara sells each one for ₹15. What is the profit on each one (in ₹)?
  12. 12.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
  13. 13.🧾 A fixed cost is one that… (a) grows with each item (b) is paid by customers (c) is not paid per item (d) is always zero
  14. 14.A batch of 10 potted plants costs ₹50 to make. What does one cost to make (in ₹)?
  15. 15.A batch of 25 handmade cards costs ₹150 to make. Kavya sells all 25 at ₹9 each. What is the total profit on the batch (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.🧾 What should you keep after buying supplies? (a) a selfie (b) the bill or receipt (c) nothing (d) only the bag
  18. 18.Tara has a budget of ₹800. The stock costs ₹280 and the stall fee is ₹480. Is the budget enough? (a) Yes (b) No
  19. 19.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  20. 20.➖ Profit in your records = (a) income + expenses (b) just the income (c) expenses − income (d) income − expenses
  21. 21.One bag of popcorn costs ₹30 to make and Riya sells it for ₹36. What is the markup in percent?
  22. 22.It costs ₹25 to make one glass of chai. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  23. 23.📒 Income or expense: bus fare to the market? (a) expense (b) income
  24. 24.It costs ₹37 to make one glass of chai. On the last day Nisha sells it for only ₹28. How much is the loss on one (in ₹)?
  25. 25.True or false: “a price board” is a running cost. (a) False (b) True
  26. 26.It costs ₹41 to make one painted pebble. On the last day Dev sells it for only ₹33. How much is the loss on one (in ₹)?
  27. 27.One glass of chai costs ₹45 to make. Vihaan adds a 100% markup. What is the selling price (in ₹)?
  28. 28.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much interest is due after 1 year (in ₹)?
  29. 29.It costs ₹18 to make one handmade card. Nisha sells it for ₹22. What is the profit on one (in ₹)?
  30. 30.A batch of 50 paper bookmarks costs ₹450 to make. What does one cost to make (in ₹)?
  31. 31.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
  32. 32.Vihaan’s stall made a profit of ₹200. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  33. 33.A batch of 10 paper bookmarks costs ₹120 to make. Farhan sells all 10 at ₹17 each. What is the total profit on the batch (in ₹)?
  34. 34.📦 Why work out the cost of ONE item? (a) to set a good price (b) to look clever (c) to spend more (d) it does not matter
  35. 35.Which of these is a one-time cost? (a) lemons (b) a cooler box (c) tea leaves and milk (d) seeds and soil
  36. 36.📒 Income or expense: cash from selling plants? (a) income (b) expense
  37. 37.Kavya makes 24 jute bags at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  38. 38.Joseph’s record for the day:
    Income: ₹430 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹100 (card paper)
    Expense: ₹200 (lemons)
    What is the profit (in ₹)?
  39. 39.One cupcake costs ₹10 to make and Tara sells it for ₹15. What is the markup in percent?
  40. 40.Ishaan’s stall made a profit of ₹300. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?

Answer key

  1. 100
  2. 20
  3. 9
  4. 7
  5. 50
  6. every material used
  7. True
  8. 300
  9. No
  10. sales = all costs
  11. 9
  12. saving
  13. is not paid per item
  14. 5
  15. 75
  16. selling price
  17. the bill or receipt
  18. Yes
  19. 4
  20. income − expenses
  21. 20
  22. 5
  23. expense
  24. 9
  25. False
  26. 8
  27. 90
  28. 64
  29. 4
  30. 9
  31. False
  32. 50
  33. 50
  34. to set a good price
  35. a cooler box
  36. income
  37. 336
  38. 180
  39. 50
  40. 210

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