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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 28 · 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 20 glasses of chai costs ₹40 to make. Kabir sells all 20 at ₹6 each. What is the total profit on the batch (in ₹)?
  2. 2.To make 50 fruit cups, Diya spends ₹25 on fruit, ₹210 on cups and ₹65 on spoons. What does one cost to make (in ₹)?
  3. 3.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) a selfie (d) the bill or receipt
  4. 4.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  5. 5.🐷 Saving, reinvesting or spending: a cinema ticket? (a) spending (b) reinvesting (c) saving
  6. 6.🧮 Cost of one item from a batch = (a) batch cost ÷ number (b) batch cost × number (c) number ÷ batch cost (d) price − cost
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.It costs ₹10 to make one cupcake. Arjun sells it for ₹13. What is the profit on one (in ₹)?
  9. 9.🔁 Making a bigger batch usually makes each item… (a) much costlier (b) a little cheaper (c) free (d) always the same
  10. 10.Zoya has ₹160 to spend on packs of cups. One pack of cups costs ₹5. What is the greatest number of packs of cups Zoya can buy?
  11. 11.Which of these is spending on yourself? (a) buying a second juicer (b) a new video game (c) an emergency fund (d) a piggy bank for later
  12. 12.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving
  13. 13.It costs ₹42 to make one fruit cup. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  14. 14.Meera’s stall took in ₹120 on Friday, ₹250 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.One clay diya costs ₹31 to make and Lakshmi sells it for ₹62. What is the markup in percent?
  17. 17.A batch of 25 handmade cards costs ₹225 to make. Diya sells each one for ₹16. What is the profit on each one (in ₹)?
  18. 18.Kabir’s income was ₹270 and the profit was ₹90. One expense was ₹90 (lemons). How much was the other expense, for transport (in ₹)?
  19. 19.🔢 Break-even number of items = (a) profit − fixed cost (b) fixed cost ÷ profit (c) price ÷ cost (d) fixed cost × profit
  20. 20.One glass of chai costs ₹35 to make. Diya adds a 100% markup. What is the profit on one (in ₹)?
  21. 21.To make 20 bags of popcorn, Aarav spends ₹90 on corn, ₹40 on oil and ₹10 on paper bags. What does one cost to make (in ₹)?
  22. 22.🏷️ Cost-plus pricing means… (a) copy a rival (b) guess any price (c) cost + a markup (d) cost − a markup
  23. 23.A batch of 10 potted plants costs ₹70 to make. What does one cost to make (in ₹)?
  24. 24.Ananya pays ₹90 for a table and a banner (fixed costs). Each handmade card sold makes ₹10 profit. How many must be sold to break even?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.🐷 Saving, reinvesting or spending: sweets for yourself? (a) reinvesting (b) saving (c) spending
  27. 27.🐷 Saving, reinvesting or spending: better paint for cards? (a) saving (b) reinvesting (c) spending
  28. 28.Farhan’s stall made a profit of ₹500. Farhan saves 10% of it. How many rupees are saved?
  29. 29.Dev’s stall took in ₹340 on Friday, ₹350 on Saturday and ₹190 on Sunday. What was the total income (in ₹)?
  30. 30.A batch of 10 fruit cups costs ₹50 to make. What does one cost to make (in ₹)?
  31. 31.Riya has a budget of ₹300. The stock costs ₹100 and the stall fee is ₹240. Is the budget enough? (a) No (b) Yes
  32. 32.📅 When is the best time to update your records? (a) the same day (b) whenever you like (c) once a year (d) never
  33. 33.True or false: “payment for a cake order” is an expense (money out). (a) False (b) True
  34. 34.Meera has a budget of ₹300. The stock costs ₹70 and the stall fee is ₹180. Is the budget enough? (a) No (b) Yes
  35. 35.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  36. 36.Vihaan’s stall budget is ₹440. A price board cost ₹220, a banner cost ₹30 and card paper cost ₹170. How many rupees of the budget are left?
  37. 37.Which of these is a running cost? (a) a folding table (b) a juicer (c) tea leaves and milk (d) a cash box
  38. 38.A stall’s fixed costs are ₹272. Each cup of lemonade costs ₹5 to make and sells for ₹13. How many must be sold to break even?
  39. 39.Which of these is spending on yourself? (a) profit put in a bank (b) buying a second juicer (c) sweets for yourself (d) an emergency fund
  40. 40.True or false: “paper cups” is a running cost. (a) False (b) True

Answer key

  1. 80
  2. 6
  3. the bill or receipt
  4. what the buyer pays
  5. spending
  6. batch cost ÷ number
  7. cost price
  8. 3
  9. a little cheaper
  10. 32
  11. a new video game
  12. saving
  13. 16
  14. 630
  15. selling price
  16. 100
  17. 7
  18. 90
  19. fixed cost ÷ profit
  20. 35
  21. 7
  22. cost + a markup
  23. 7
  24. 9
  25. selling price
  26. spending
  27. reinvesting
  28. 50
  29. 880
  30. 5
  31. No
  32. the same day
  33. False
  34. Yes
  35. SP less than CP
  36. 20
  37. tea leaves and milk
  38. 34
  39. sweets for yourself
  40. True

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