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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 31 · 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.🔁 Reinvesting means… (a) hiding it (b) giving it away (c) putting profit back in (d) spending it on games
  2. 2.Kabir’s stall took in ₹120 on Friday, ₹210 on Saturday and ₹70 on Sunday. What was the total income (in ₹)?
  3. 3.A batch of 20 potted plants costs ₹40 to make. What does one cost to make (in ₹)?
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.One handmade card costs ₹60 to make. Aarav adds a 25% markup. What is the selling price (in ₹)?
  6. 6.🧮 Cost of one item from a batch = (a) batch cost × number (b) price − cost (c) number ÷ batch cost (d) batch cost ÷ number
  7. 7.🔢 Break-even number of items = (a) fixed cost × profit (b) fixed cost ÷ profit (c) profit − fixed cost (d) price ÷ cost
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  9. 9.📒 Income or expense: a card order paid? (a) expense (b) income
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.A batch of 20 glasses of chai costs ₹220 to make. What does one cost to make (in ₹)?
  12. 12.⚖️ “Break-even” means… (a) you stopped selling (b) profit is huge (c) you borrowed money (d) sales = all costs
  13. 13.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) spending (b) saving (c) reinvesting
  14. 14.A batch of 20 cups of lemonade costs ₹160 to make. Lakshmi sells each one for ₹16. What is the profit on each one (in ₹)?
  15. 15.Which of these is an expense (money out)? (a) a card order paid (b) paying the stall fee (c) money from sales (d) payment for a cake order
  16. 16.To make 25 glasses of chai, Vihaan spends ₹165 on tea leaves, ₹5 on milk and ₹5 on paper cups. What does one cost to make (in ₹)?
  17. 17.True or false: “a cooler box” is a running cost. (a) True (b) False
  18. 18.Which of these is income (money in)? (a) bus fare to the market (b) money from sales (c) printing posters (d) buying paper cups
  19. 19.A stall’s fixed costs are ₹68. Each cupcake costs ₹16 to make and sells for ₹20. How many must be sold to break even?
  20. 20.Aarav’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹300 (evening sales)
    Expense: ₹190 (stall fee)
    Expense: ₹120 (sugar)
    What is the profit (in ₹)?
  21. 21.True or false: “a folding table” is a running cost. (a) False (b) True
  22. 22.🔍 Which is the odd one out? (a) a cooler box (b) a cash box (c) tea leaves and milk (d) a cloth banner
  23. 23.True or false: “what a customer pays” is the selling price. (a) True (b) False
  24. 24.One cup of lemonade costs ₹60 to make. Arjun adds a 50% markup. What is the profit on one (in ₹)?
  25. 25.A batch of 50 glasses of chai costs ₹350 to make. What does one cost to make (in ₹)?
  26. 26.A batch of 25 cupcakes costs ₹300 to make. What does one cost to make (in ₹)?
  27. 27.One glass of chai costs ₹40 to make. Farhan adds a 10% markup. What is the profit on one (in ₹)?
  28. 28.It costs ₹49 to make one jute bag. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  29. 29.Which of these is income (money in)? (a) a card order paid (b) bus fare to the market (c) buying paper cups (d) paying the stall fee
  30. 30.Saanvi has ₹480 to spend on packs of cups. One pack of cups costs ₹5. What is the greatest number of packs of cups Saanvi can buy?
  31. 31.One potted plant costs ₹12 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  33. 33.📦 Why work out the cost of ONE item? (a) to spend more (b) it does not matter (c) to look clever (d) to set a good price
  34. 34.A stall’s fixed costs are ₹32 and each handmade card makes ₹2 profit. Diya has sold 14 handmade cards so far. Has the stall broken even yet? (a) No (b) Yes
  35. 35.🐷 Saving, reinvesting or spending: buying a second juicer? (a) saving (b) spending (c) reinvesting
  36. 36.A stall’s fixed costs are ₹253 and each fruit cup makes ₹11 profit. Gurpreet sells 29. What is the profit after paying the fixed costs (in ₹)?
  37. 37.Joseph’s stall made a profit of ₹2000. Joseph saves 25% of it. How many rupees are saved?
  38. 38.One potted plant costs ₹28 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  40. 40.Rohan’s stall made a profit of ₹2000. Rohan saves 50% of it. How many rupees are saved?

Answer key

  1. putting profit back in
  2. 400
  3. 2
  4. cost price
  5. 75
  6. batch cost ÷ number
  7. fixed cost ÷ profit
  8. SP less than CP
  9. income
  10. selling price
  11. 11
  12. sales = all costs
  13. saving
  14. 8
  15. paying the stall fee
  16. 7
  17. False
  18. money from sales
  19. 17
  20. 10
  21. False
  22. tea leaves and milk
  23. True
  24. 30
  25. 7
  26. 12
  27. 4
  28. 7
  29. a card order paid
  30. 96
  31. 26
  32. what it cost you
  33. to set a good price
  34. No
  35. reinvesting
  36. 66
  37. 500
  38. 56
  39. True
  40. 1000

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