Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 27 · 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.A small family shop borrows ₹500 from a bank at 6% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
2. 2.Joseph’s stall took in ₹370 on Friday, ₹340 on Saturday and ₹200 on Sunday. What was the total income (in ₹)?
3. 3.True or false: “a card order paid” is an expense (money out). (a) False (b) True
4. 4.Tara’s stall made a profit of ₹1900. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
5. 5.Lakshmi’s stall made a profit of ₹2000. Lakshmi saves 20% of it. How many rupees are saved?
6. 6.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
7. 7.One glass of chai costs ₹50 to make and Rohan sells it for ₹55. What is the markup in percent?
8. 8.One fruit cup costs ₹46 to make. Meera adds a 100% markup. What is the selling price (in ₹)?
9. 9.Which of these is spending on yourself? (a) sweets for yourself (b) profit put in a bank (c) better paint for cards (d) a piggy bank for later
10. 10.🧮 Cost of one item from a batch = (a) batch cost × number (b) price − cost (c) batch cost ÷ number (d) number ÷ batch cost
11. 11.To make 25 bags of popcorn, Dev spends ₹50 on corn, ₹65 on oil and ₹85 on paper bags. What does one cost to make (in ₹)?
12. 12.It costs ₹30 to make one jute bag. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
13. 13.A stall’s fixed costs are ₹250 and each clay diya makes ₹10 profit. Rohan sells 30. What is the profit after paying the fixed costs (in ₹)?
14. 14.To make 10 glasses of chai, Farhan spends ₹95 on tea leaves, ₹20 on milk and ₹5 on paper cups. What does one cost to make (in ₹)?
15. 15.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
16. 16.📦 Why work out the cost of ONE item? (a) to look clever (b) to set a good price (c) it does not matter (d) to spend more
17. 17.A batch of 50 glasses of chai costs ₹250 to make. Arjun sells each one for ₹11. What is the profit on each one (in ₹)?
18. 18.Zoya’s stall budget is ₹650. Card paper cost ₹290, a price board cost ₹40 and seeds cost ₹260. How many rupees of the budget are left?
19. 19.A stall’s fixed costs are ₹248 and each clay diya makes ₹8 profit. Meera sells 39. What is the profit after paying the fixed costs (in ₹)?
20. 20.Zoya’s income was ₹390 and the profit was ₹320. One expense was ₹60 (transport). How much was the other expense, for posters (in ₹)?
21. 21.🔍 Which is the odd one out? (a) paper cups (b) card paper (c) sugar (d) a folding table
22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
23. 23.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
24. 24.A batch of 20 paper bookmarks costs ₹240 to make. Diya sells all 20 at ₹13 each. What is the total profit on the batch (in ₹)?
25. 25.It costs ₹26 to make one painted pebble. On the last day Riya sells it for only ₹24. How much is the loss on one (in ₹)?
26. 26.A stall’s fixed costs are ₹112. Each glass of chai costs ₹20 to make and sells for ₹24. How many must be sold to break even?
27. 27.Dev’s stall made a profit of ₹1800. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
28. 28.It costs ₹47 to make one cup of lemonade. Arjun sells it for ₹64. What is the profit on one (in ₹)?
29. 29.Kavya pays ₹39 for a table and a banner (fixed costs). Each cup of lemonade sold makes ₹3 profit. How many must be sold to break even?
30. 30.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
31. 31.🤔 Besides cost, what should a price think about? (a) the weather only (b) nothing else (c) your favourite number (d) what buyers will pay
32. 32.🧮 A 50% markup on a ₹20 cost adds… (a) 50 rupees (b) 10 rupees (c) 5 rupees (d) 20 rupees
33. 33.One glass of chai costs ₹21 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
34. 34.A batch of 10 potted plants costs ₹110 to make. Meera sells each one for ₹15. What is the profit on each one (in ₹)?
35. 35.Vihaan pays ₹108 for a table and a banner (fixed costs). Each paper bookmark sold makes ₹3 profit. How many must be sold to break even?
36. 36.Which of these is an expense (money out)? (a) a card order paid (b) buying paper cups (c) money from sales (d) tutoring fees received
37. 37.One clay diya costs ₹50 to make and Aarav sells it for ₹55. What is the markup in percent?
38. 38.A batch of 25 bags of popcorn costs ₹225 to make. What does one cost to make (in ₹)?
39. 39.One glass of chai costs ₹52 to make and Meera sells it for ₹65. What is the markup in percent?
40. 40.A small family shop borrows ₹500 from a bank at 10% simple interest per year. How much interest is due after 1 year (in ₹)?

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