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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 32 · 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.

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  1. 1.A batch of 20 cups of lemonade costs ₹80 to make. Tara sells all 20 at ₹14 each. What is the total profit on the batch (in ₹)?
  2. 2.One jute bag costs ₹40 to make. Meera adds a 10% markup. What is the selling price (in ₹)?
  3. 3.Lakshmi’s stall budget is ₹860. Paper cups cost ₹160, card paper cost ₹240 and sugar cost ₹170. How many rupees of the budget are left?
  4. 4.True or false: “tutoring fees received” is income (money in). (a) True (b) False
  5. 5.One clay diya costs ₹28 to make. Kabir adds a 50% markup. What is the selling price (in ₹)?
  6. 6.Rohan’s record for a rainy day:
    Income: ₹280 (sales)
    Expense: ₹170 (ribbon)
    Expense: ₹190 (paper cups)
    How much is the loss (in ₹)?
  7. 7.Dev’s stall took in ₹310 on Friday, ₹290 on Saturday and ₹160 on Sunday. What was the total income (in ₹)?
  8. 8.True or false: “money from sales” is income (money in). (a) True (b) False
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  10. 10.A stall’s fixed costs are ₹80 and each fruit cup makes ₹8 profit. Ananya sells 14. What is the profit after paying the fixed costs (in ₹)?
  11. 11.Joseph pays ₹50 for a table and a banner (fixed costs). Each fruit cup sold makes ₹10 profit. How many must be sold to break even?
  12. 12.A small family shop borrows ₹500 from a bank at 9% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
  13. 13.A small family shop borrows ₹400 from a bank at 4% simple interest per year. How much interest is due after 1 year (in ₹)?
  14. 14.Nisha’s stall made a profit of ₹2000. Nisha saves 25% of it. How many rupees are saved?
  15. 15.True or false: “a price board” is a one-time cost. (a) True (b) False
  16. 16.True or false: “lemons” is a one-time cost. (a) False (b) True
  17. 17.One jute bag costs ₹35 to make and Farhan sells it for ₹42. What is the markup in percent?
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.One jute bag costs ₹30 to make. Tara adds a 10% markup. What is the selling price (in ₹)?
  20. 20.A small family shop borrows ₹100 from a bank at 4% simple interest per year. How much interest is due after 3 years (in ₹)?
  21. 21.It costs ₹17 to make one cup of lemonade. Kavya sells it for ₹29. What is the profit on one (in ₹)?
  22. 22.📉 A price below the cost leads to… (a) a loss (b) free stock (c) break-even (d) a profit
  23. 23.It costs ₹53 to make one cup of lemonade. Meera sells it for ₹62. What is the profit on one (in ₹)?
  24. 24.Nisha’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹30 (paper cups)
    Expense: ₹50 (sugar)
    What is the profit (in ₹)?
  25. 25.One glass of chai costs Dev ₹32 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.Which of these is income (money in)? (a) paying the stall fee (b) money from sales (c) buying lemons (d) buying paper cups
  27. 27.One jute bag costs Ishaan ₹23 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  29. 29.True or false: “cash from selling plants” is income (money in). (a) True (b) False
  30. 30.Farhan’s stall took in ₹390 on Friday, ₹330 on Saturday and ₹260 on Sunday. What was the total income (in ₹)?
  31. 31.One cup of lemonade costs ₹40 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  32. 32.A batch of 10 cups of lemonade costs ₹70 to make. Rohan sells all 10 at ₹14 each. What is the total profit on the batch (in ₹)?
  33. 33.One jute bag costs ₹14 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  34. 34.A batch of 25 potted plants costs ₹50 to make. Kavya sells all 25 at ₹5 each. What is the total profit on the batch (in ₹)?
  35. 35.⚖️ “Break-even” means… (a) you stopped selling (b) sales = all costs (c) profit is huge (d) you borrowed money
  36. 36.True or false: “a juicer” is a running cost. (a) False (b) True
  37. 37.One cup of lemonade costs ₹30 to make. Joseph adds a 10% markup. What is the profit on one (in ₹)?
  38. 38.It costs ₹46 to make one jute bag. Diya sells it for ₹48. What is the profit on one (in ₹)?
  39. 39.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving
  40. 40.🏷️ Cost-plus pricing means… (a) guess any price (b) cost + a markup (c) cost − a markup (d) copy a rival

Answer key

  1. 200
  2. 44
  3. 290
  4. True
  5. 42
  6. 80
  7. 760
  8. True
  9. SP less than CP
  10. 32
  11. 5
  12. 590
  13. 16
  14. 500
  15. True
  16. False
  17. 20
  18. False
  19. 33
  20. 12
  21. 12
  22. a loss
  23. 9
  24. 260
  25. Profit
  26. money from sales
  27. Loss
  28. saving
  29. True
  30. 980
  31. 50
  32. 70
  33. 21
  34. 75
  35. sales = all costs
  36. False
  37. 3
  38. 2
  39. saving
  40. cost + a markup

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