Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 3 · 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.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
2. 2.A stall’s fixed costs are ₹360 and each fruit cup makes ₹12 profit. Joseph sells 46. What is the profit after paying the fixed costs (in ₹)?
3. 3.One cupcake costs ₹50 to make. Ishaan adds a 10% markup. What is the selling price (in ₹)?
4. 4.📒 One-time cost or running cost: a cloth banner? (a) a running cost (b) a one-time cost
5. 5.A stall’s fixed costs are ₹259. Each bag of popcorn costs ₹7 to make and sells for ₹14. How many must be sold to break even?
6. 6.True or false: “a cloth banner” is a running cost. (a) False (b) True
7. 7.A stall’s fixed costs are ₹168. Each painted pebble costs ₹16 to make and sells for ₹24. How many must be sold to break even?
8. 8.One paper bookmark costs ₹12 to make and Diya sells it for ₹15. What is the markup in percent?
9. 9.A batch of 10 cups of lemonade costs ₹40 to make. What does one cost to make (in ₹)?
10. 10.📒 One-time cost or running cost: seeds and soil? (a) a running cost (b) a one-time cost
11. 11.It costs ₹44 to make one fruit cup. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
12. 12.🔁 Making a bigger batch usually makes each item… (a) much costlier (b) always the same (c) a little cheaper (d) free
13. 13.A stall’s fixed costs are ₹253 and each painted pebble makes ₹11 profit. Dev has sold 21 painted pebbles so far. Has the stall broken even yet? (a) Yes (b) No
14. 14.Riya pays ₹72 for a table and a banner (fixed costs). Each glass of chai sold makes ₹12 profit. How many must be sold to break even?
15. 15.🔢 Break-even number of items = (a) price ÷ cost (b) fixed cost ÷ profit (c) fixed cost × profit (d) profit − fixed cost
16. 16.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) nothing else (d) what buyers will pay
17. 17.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
18. 18.A batch of 10 glasses of chai costs ₹50 to make. What does one cost to make (in ₹)?
19. 19.True or false: “cash from selling plants” is an expense (money out). (a) False (b) True
20. 20.Diya has ₹270 to spend on lemons. One lemon costs ₹6. What is the greatest number of lemons Diya can buy?
21. 21.True or false: “money from sales” is an expense (money out). (a) False (b) True
22. 22.🔍 Which is the odd one out? (a) a cash box (b) tea leaves and milk (c) a folding table (d) a cloth banner
23. 23.Which of these is a running cost? (a) a folding table (b) a juicer (c) sugar (d) a price board
24. 24.It costs ₹46 to make one bag of popcorn. Farhan sells it for ₹56. What is the profit on one (in ₹)?
25. 25.One clay diya costs ₹40 to make and Gurpreet sells it for ₹44. What is the markup in percent?
26. 26.Aarav plans to make 33 handmade cards. Each needs ₹5 of materials, and a banner costs ₹290 once. What total budget is needed (in ₹)?
27. 27.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to pay more interest (d) to lose friends
28. 28.A stall’s fixed costs are ₹148 and each painted pebble makes ₹4 profit. Kavya sells 44. What is the profit after paying the fixed costs (in ₹)?
29. 29.Which of these is income (money in)? (a) printing posters (b) buying lemons (c) cash from selling plants (d) bus fare to the market
30. 30.📒 One-time cost or running cost: a folding table? (a) a one-time cost (b) a running cost
31. 31.📒 Income or expense: bus fare to the market? (a) expense (b) income
32. 32.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
33. 33.Kavya has a budget of ₹800. The stock costs ₹280 and the stall fee is ₹530. Is the budget enough? (a) No (b) Yes
34. 34.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
35. 35.To make 25 cupcakes, Vihaan spends ₹65 on flour, ₹30 on butter and ₹80 on paper cases. What does one cost to make (in ₹)?
36. 36.Meera pays ₹546 for a table and a banner (fixed costs). Each friendship band sold makes ₹14 profit. How many must be sold to break even?
37. 37.Arjun’s record for a rainy day:
    Income: ₹270 (sales)
    Expense: ₹330 (sugar)
    Expense: ₹10 (paper cups)
    How much is the loss (in ₹)?
38. 38.🏷️ Cost-plus pricing means… (a) guess any price (b) copy a rival (c) cost − a markup (d) cost + a markup
39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
40. 40.📅 When is the best time to update your records? (a) whenever you like (b) the same day (c) never (d) once a year

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