Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 35 · 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.Which of these is spending on yourself? (a) a piggy bank for later (b) more seeds for next time (c) better paint for cards (d) a cinema ticket
2. 2.Ishaan’s income was ₹460 and the profit was ₹60. One expense was ₹110 (lemons). How much was the other expense, for card paper (in ₹)?
3. 3.True or false: “printing posters” is an expense (money out). (a) True (b) False
4. 4.Zoya’s stall made a profit of ₹700. Zoya saves 10% of it. How many rupees are saved?
5. 5.Which of these is a running cost? (a) a cloth banner (b) paper cups (c) a price board (d) a cash box
6. 6.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
7. 7.True or false: “a cloth banner” is a running cost. (a) True (b) False
8. 8.True or false: “the price on your board” is the selling price. (a) True (b) False
9. 9.Joseph’s record for the day:
   Income: ₹120 (morning sales)
   Income: ₹180 (evening sales)
   Expense: ₹80 (sugar)
   Expense: ₹70 (ribbon)
   What is the profit (in ₹)?
10. 10.It costs ₹40 to make one bag of popcorn. Riya sells it for ₹46. What is the profit on one (in ₹)?
11. 11.🧾 What belongs in the batch cost? (a) only the cheapest one (b) your pocket money (c) every material used (d) the selling price
12. 12.A stall’s fixed costs are ₹128 and each fruit cup makes ₹4 profit. Diya has sold 37 fruit cups so far. Has the stall broken even yet? (a) No (b) Yes
13. 13.A stall’s fixed costs are ₹63 and each clay diya makes ₹7 profit. Meera sells 11. What is the profit after paying the fixed costs (in ₹)?
14. 14.A batch of 20 bags of popcorn costs ₹80 to make. What does one cost to make (in ₹)?
15. 15.Vihaan’s record for the day:
    Income: ₹80 (morning sales)
    Income: ₹320 (evening sales)
    Expense: ₹120 (posters)
    Expense: ₹30 (ribbon)
    What is the profit (in ₹)?
16. 16.🐷 Saving, reinvesting or spending: an emergency fund? (a) spending (b) reinvesting (c) saving
17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
18. 18.Which of these is income (money in)? (a) paying the stall fee (b) cash from selling plants (c) printing posters (d) buying paper cups
19. 19.A stall’s fixed costs are ₹42. Each jute bag costs ₹29 to make and sells for ₹32. How many must be sold to break even?
20. 20.Rohan’s stall made a profit of ₹600. 20% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
21. 21.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
22. 22.🎉 After the break-even point, each extra item sold… (a) adds loss (b) changes nothing (c) is free (d) adds profit
23. 23.Dev has a budget of ₹400. The stock costs ₹130 and the stall fee is ₹230. Is the budget enough? (a) Yes (b) No
24. 24.One potted plant costs ₹15 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
25. 25.🧾 A fixed cost is one that… (a) is paid by customers (b) is always zero (c) is not paid per item (d) grows with each item
26. 26.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) spending (c) reinvesting
27. 27.One cupcake costs ₹30 to make. Ishaan adds a 20% markup. What is the selling price (in ₹)?
28. 28.Ishaan pays ₹102 for a table and a banner (fixed costs). Each handmade card sold makes ₹6 profit. How many must be sold to break even?
29. 29.A batch of 25 paper bookmarks costs ₹50 to make. Joseph sells all 25 at ₹6 each. What is the total profit on the batch (in ₹)?
30. 30.A stall’s fixed costs are ₹84 and each fruit cup makes ₹4 profit. Dev has sold 26 fruit cups so far. Has the stall broken even yet? (a) No (b) Yes
31. 31.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
32. 32.📒 Income or expense: bus fare to the market? (a) expense (b) income
33. 33.A batch of 50 cups of lemonade costs ₹350 to make. What does one cost to make (in ₹)?
34. 34.📒 Income or expense: buying paper cups? (a) income (b) expense
35. 35.🏷️ Cost-plus pricing means… (a) cost + a markup (b) cost − a markup (c) copy a rival (d) guess any price
36. 36.⚖️ “Break-even” means… (a) you stopped selling (b) you borrowed money (c) sales = all costs (d) profit is huge
37. 37.A batch of 20 fruit cups costs ₹60 to make. Meera sells each one for ₹9. What is the profit on each one (in ₹)?
38. 38.Joseph’s stall took in ₹340 on Friday, ₹320 on Saturday and ₹300 on Sunday. What was the total income (in ₹)?
39. 39.One handmade card costs ₹59 to make. Kavya adds a 100% markup. What is the selling price (in ₹)?
40. 40.A batch of 50 glasses of chai costs ₹250 to make. Gurpreet sells each one for ₹13. What is the profit on each one (in ₹)?

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