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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 29 · 40 questions
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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.🔍 Which is the odd one out? (a) a cooler box (b) a cash box (c) a folding table (d) lemons
  2. 2.It costs ₹36 to make one fruit cup. Lakshmi sells it for ₹42. What is the profit on one (in ₹)?
  3. 3.Which of these is saving? (a) an emergency fund (b) more seeds for next time (c) a cinema ticket (d) buying a second juicer
  4. 4.🎉 After the break-even point, each extra item sold… (a) changes nothing (b) adds loss (c) adds profit (d) is free
  5. 5.🧾 A fixed cost is one that… (a) is paid by customers (b) grows with each item (c) is always zero (d) is not paid per item
  6. 6.One paper bookmark costs Nisha ₹50 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.A batch of 50 bags of popcorn costs ₹550 to make. Kabir sells all 50 at ₹13 each. What is the total profit on the batch (in ₹)?
  8. 8.It costs ₹8 to make one paper bookmark. Meera sells it for ₹11. What is the profit on one (in ₹)?
  9. 9.One cup of lemonade costs ₹24 to make and Tara sells it for ₹30. What is the markup in percent?
  10. 10.One paper bookmark costs Gurpreet ₹60 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) saving (c) spending
  12. 12.One fruit cup costs ₹15 to make. Zoya adds a 100% markup. What is the selling price (in ₹)?
  13. 13.A batch of 25 cups of lemonade costs ₹175 to make. Diya sells all 25 at ₹8 each. What is the total profit on the batch (in ₹)?
  14. 14.One paper bookmark costs ₹39 to make and Meera sells it for ₹78. What is the markup in percent?
  15. 15.A batch of 20 paper bookmarks costs ₹140 to make. Kavya sells all 20 at ₹12 each. What is the total profit on the batch (in ₹)?
  16. 16.Which of these is income (money in)? (a) buying paper cups (b) a card order paid (c) paying the stall fee (d) bus fare to the market
  17. 17.Kavya pays ₹45 for a table and a banner (fixed costs). Each fruit cup sold makes ₹5 profit. How many must be sold to break even?
  18. 18.One handmade card costs ₹13 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  19. 19.To make 50 cupcakes, Riya spends ₹15 on flour, ₹470 on butter and ₹65 on paper cases. What does one cost to make (in ₹)?
  20. 20.🔍 Which is the odd one out? (a) ice (b) a cooler box (c) a juicer (d) a folding table
  21. 21.Aarav pays ₹390 for a table and a banner (fixed costs). Each paper bookmark sold makes ₹15 profit. How many must be sold to break even?
  22. 22.It costs ₹49 to make one fruit cup. On the last day Vihaan sells it for only ₹41. How much is the loss on one (in ₹)?
  23. 23.A stall’s fixed costs are ₹152 and each cup of lemonade makes ₹4 profit. Diya sells 58. What is the profit after paying the fixed costs (in ₹)?
  24. 24.A stall’s fixed costs are ₹57. Each glass of chai costs ₹20 to make and sells for ₹23. How many must be sold to break even?
  25. 25.A batch of 25 potted plants costs ₹100 to make. What does one cost to make (in ₹)?
  26. 26.📉 A price below the cost leads to… (a) free stock (b) a profit (c) break-even (d) a loss
  27. 27.A stall’s fixed costs are ₹168. Each bag of popcorn costs ₹19 to make and sells for ₹25. How many must be sold to break even?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.Zoya’s stall took in ₹180 on Friday, ₹280 on Saturday and ₹330 on Sunday. What was the total income (in ₹)?
  30. 30.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
  31. 31.🧾 What should you keep after buying supplies? (a) nothing (b) only the bag (c) the bill or receipt (d) a selfie
  32. 32.Zoya’s stall made a profit of ₹1200. Zoya saves 20% of it. How many rupees are saved?
  33. 33.Dev plans to make 16 jute bags. Each needs ₹9 of materials, and a banner costs ₹180 once. What total budget is needed (in ₹)?
  34. 34.A batch of 25 handmade cards costs ₹275 to make. What does one cost to make (in ₹)?
  35. 35.It costs ₹20 to make one handmade card. Riya sells it for ₹38. What is the profit on one (in ₹)?
  36. 36.Nisha has ₹320 to spend on rolls of ribbon. One roll of ribbon costs ₹12. What is the greatest number of rolls of ribbon Nisha can buy?
  37. 37.Gurpreet pays ₹240 for a table and a banner (fixed costs). Each glass of chai sold makes ₹15 profit. How many must be sold to break even?
  38. 38.It costs ₹38 to make one cupcake. On the last day Joseph sells it for only ₹28. How much is the loss on one (in ₹)?
  39. 39.True or false: “what a customer pays” is the selling price. (a) False (b) True
  40. 40.A stall’s fixed costs are ₹110 and each bag of popcorn makes ₹10 profit. Tara sells 18. What is the profit after paying the fixed costs (in ₹)?

Answer key

  1. lemons
  2. 6
  3. an emergency fund
  4. adds profit
  5. is not paid per item
  6. Profit
  7. 100
  8. 3
  9. 25
  10. Loss
  11. saving
  12. 30
  13. 25
  14. 100
  15. 100
  16. a card order paid
  17. 9
  18. 20
  19. 11
  20. ice
  21. 26
  22. 8
  23. 80
  24. 19
  25. 4
  26. a loss
  27. 28
  28. selling price
  29. 790
  30. False
  31. the bill or receipt
  32. 240
  33. 324
  34. 11
  35. 18
  36. 26
  37. 16
  38. 10
  39. True
  40. 70

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