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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 30 · 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 ₹220 to make. Joseph sells each one for ₹14. What is the profit on each one (in ₹)?
  2. 2.A batch of 10 handmade cards costs ₹110 to make. What does one cost to make (in ₹)?
  3. 3.True or false: “payment for a cake order” is income (money in). (a) True (b) False
  4. 4.Which of these is saving? (a) an emergency fund (b) a new video game (c) buying a second juicer (d) a cinema ticket
  5. 5.True or false: “printing posters” is income (money in). (a) True (b) False
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.One bag of popcorn costs ₹25 to make. Lakshmi adds a 20% markup. What is the selling price (in ₹)?
  8. 8.One bag of popcorn costs ₹50 to make and Tara sells it for ₹60. What is the markup in percent?
  9. 9.🐷 Saving, reinvesting or spending: more seeds for next time? (a) spending (b) saving (c) reinvesting
  10. 10.Vihaan has ₹350 to spend on packets of seeds. One packet of seeds costs ₹5. What is the greatest number of packets of seeds Vihaan can buy?
  11. 11.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  12. 12.One clay diya costs ₹40 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  13. 13.Dev has ₹240 to spend on packets of seeds. One packet of seeds costs ₹5. What is the greatest number of packets of seeds Dev can buy?
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.One handmade card costs ₹16 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  16. 16.🐷 Saving, reinvesting or spending: an emergency fund? (a) saving (b) spending (c) reinvesting
  17. 17.A batch of 10 fruit cups costs ₹90 to make. Farhan sells all 10 at ₹15 each. What is the total profit on the batch (in ₹)?
  18. 18.A stall’s fixed costs are ₹48 and each friendship band makes ₹3 profit. Joseph has sold 16 friendship bands so far. Has the stall broken even yet? (a) No (b) Yes
  19. 19.📒 Income or expense: cash from selling plants? (a) expense (b) income
  20. 20.To make 10 potted plants, Nisha spends ₹5 on pots, ₹75 on soil and ₹10 on seeds. What does one cost to make (in ₹)?
  21. 21.A batch of 25 cups of lemonade costs ₹100 to make. What does one cost to make (in ₹)?
  22. 22.Which of these is reinvesting in the business? (a) sweets for yourself (b) more seeds for next time (c) a piggy bank for later (d) a cinema ticket
  23. 23.🧮 A 50% markup on a ₹20 cost adds… (a) 10 rupees (b) 50 rupees (c) 5 rupees (d) 20 rupees
  24. 24.One clay diya costs ₹20 to make and Zoya sells it for ₹25. What is the markup in percent?
  25. 25.⚖️ “Break-even” means… (a) profit is huge (b) you stopped selling (c) you borrowed money (d) sales = all costs
  26. 26.Vihaan has ₹60 to spend on lemons. One lemon costs ₹5. What is the greatest number of lemons Vihaan can buy?
  27. 27.A stall’s fixed costs are ₹24 and each cup of lemonade makes ₹4 profit. Ananya has sold 10 cups of lemonade so far. Has the stall broken even yet? (a) No (b) Yes
  28. 28.Lakshmi has a budget of ₹700. The stock costs ₹280 and the stall fee is ₹380. Is the budget enough? (a) No (b) Yes
  29. 29.Diya has a budget of ₹900. The stock costs ₹290 and the stall fee is ₹610. Is the budget enough? (a) No (b) Yes
  30. 30.Kabir has ₹320 to spend on packs of cups. One pack of cups costs ₹5. What is the greatest number of packs of cups Kabir can buy?
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.Farhan’s stall made a profit of ₹800. Farhan saves 20% of it. How many rupees are saved?
  33. 33.Which of these is income (money in)? (a) buying lemons (b) bus fare to the market (c) a card order paid (d) printing posters
  34. 34.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  35. 35.A batch of 20 glasses of chai costs ₹180 to make. What does one cost to make (in ₹)?
  36. 36.To make 25 potted plants, Ananya spends ₹255 on pots, ₹35 on soil and ₹10 on seeds. What does one cost to make (in ₹)?
  37. 37.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  38. 38.A batch of 25 cups of lemonade costs ₹150 to make. What does one cost to make (in ₹)?
  39. 39.Vihaan makes 14 bags of popcorn at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  40. 40.True or false: “tea leaves and milk” is a one-time cost. (a) True (b) False

Answer key

  1. 3
  2. 11
  3. True
  4. an emergency fund
  5. False
  6. True
  7. 30
  8. 20
  9. reinvesting
  10. 70
  11. SP less than CP
  12. 56
  13. 48
  14. cost price
  15. 17
  16. saving
  17. 60
  18. Yes
  19. income
  20. 9
  21. 4
  22. more seeds for next time
  23. 10 rupees
  24. 25
  25. sales = all costs
  26. 12
  27. Yes
  28. Yes
  29. Yes
  30. 64
  31. False
  32. 160
  33. a card order paid
  34. what the buyer pays
  35. 9
  36. 12
  37. a running cost
  38. 6
  39. 98
  40. False

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