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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 36 · 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 50 glasses of chai costs ₹500 to make. Meera sells all 50 at ₹13 each. What is the total profit on the batch (in ₹)?
  2. 2.🔁 Reinvesting means… (a) spending it on games (b) hiding it (c) giving it away (d) putting profit back in
  3. 3.A batch of 25 bags of popcorn costs ₹100 to make. Gurpreet sells each one for ₹14. What is the profit on each one (in ₹)?
  4. 4.A batch of 20 handmade cards costs ₹80 to make. What does one cost to make (in ₹)?
  5. 5.🔍 Which is the odd one out? (a) a cloth banner (b) a folding table (c) a cash box (d) lemons
  6. 6.A batch of 50 cupcakes costs ₹450 to make. Lakshmi sells each one for ₹11. What is the profit on each one (in ₹)?
  7. 7.Arjun’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹90 (evening sales)
    Expense: ₹80 (ribbon)
    Expense: ₹90 (transport)
    What is the profit (in ₹)?
  8. 8.A small family shop borrows ₹1000 from a bank at 10% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  9. 9.Which of these is an expense (money out)? (a) payment for a cake order (b) buying paper cups (c) cash from selling plants (d) money from sales
  10. 10.A stall’s fixed costs are ₹171 and each fruit cup makes ₹9 profit. Arjun has sold 21 fruit cups so far. Has the stall broken even yet? (a) No (b) Yes
  11. 11.Which of these is income (money in)? (a) bus fare to the market (b) buying lemons (c) paying the stall fee (d) payment for a cake order
  12. 12.To make 10 paper bookmarks, Aarav spends ₹20 on card paper, ₹5 on ribbon and ₹75 on stickers. What does one cost to make (in ₹)?
  13. 13.A batch of 20 potted plants costs ₹200 to make. Kabir sells all 20 at ₹19 each. What is the total profit on the batch (in ₹)?
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.Joseph’s stall made a profit of ₹300. 25% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  16. 16.One cupcake costs ₹17 to make. Aarav adds a 100% markup. What is the selling price (in ₹)?
  17. 17.🔢 Break-even number of items = (a) price ÷ cost (b) fixed cost × profit (c) fixed cost ÷ profit (d) profit − fixed cost
  18. 18.Dev’s stall made a profit of ₹1100. Dev saves 20% of it. How many rupees are saved?
  19. 19.👪 A teen wants to borrow for a business idea. First step? (a) borrow online alone (b) take it secretly (c) ask strangers (d) talk to parents
  20. 20.Ishaan pays ₹30 for a table and a banner (fixed costs). Each painted pebble sold makes ₹5 profit. How many must be sold to break even?
  21. 21.To make 25 fruit cups, Joseph spends ₹170 on fruit, ₹25 on cups and ₹55 on spoons. What does one cost to make (in ₹)?
  22. 22.🔍 Which is the odd one out? (a) seeds and soil (b) ice (c) a juicer (d) card paper
  23. 23.One potted plant costs ₹15 to make. Arjun adds a 20% markup. What is the profit on one (in ₹)?
  24. 24.Which of these is an expense (money out)? (a) money from sales (b) tutoring fees received (c) buying lemons (d) payment for a cake order
  25. 25.One jute bag costs Riya ₹38 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.A stall’s fixed costs are ₹144. Each fruit cup costs ₹27 to make and sells for ₹36. How many must be sold to break even?
  27. 27.📒 One-time cost or running cost: paper cups? (a) a one-time cost (b) a running cost
  28. 28.One glass of chai costs ₹40 to make. Tara adds a 10% markup. What is the profit on one (in ₹)?
  29. 29.It costs ₹27 to make one painted pebble. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  30. 30.True or false: “ice” is a one-time cost. (a) True (b) False
  31. 31.Lakshmi’s stall took in ₹290 on Friday, ₹330 on Saturday and ₹50 on Sunday. What was the total income (in ₹)?
  32. 32.One cupcake costs ₹40 to make and Saanvi sells it for ₹60. What is the markup in percent?
  33. 33.A stall’s fixed costs are ₹555 and each friendship band makes ₹15 profit. Meera has sold 35 friendship bands so far. Has the stall broken even yet? (a) No (b) Yes
  34. 34.A stall’s fixed costs are ₹76 and each cup of lemonade makes ₹4 profit. Joseph has sold 22 cups of lemonade so far. Has the stall broken even yet? (a) No (b) Yes
  35. 35.📒 One-time cost or running cost: a cash box? (a) a one-time cost (b) a running cost
  36. 36.🏷️ Cost-plus pricing means… (a) guess any price (b) cost − a markup (c) cost + a markup (d) copy a rival
  37. 37.True or false: “buying lemons” is an expense (money out). (a) True (b) False
  38. 38.One cupcake costs ₹10 to make. Meera adds a 10% markup. What is the profit on one (in ₹)?
  39. 39.Joseph’s income was ₹380 and the profit was ₹290. One expense was ₹80 (transport). How much was the other expense, for lemons (in ₹)?
  40. 40.One cup of lemonade costs ₹20 to make and Kabir sells it for ₹25. What is the markup in percent?

Answer key

  1. 150
  2. putting profit back in
  3. 10
  4. 4
  5. lemons
  6. 2
  7. 20
  8. 1100
  9. buying paper cups
  10. Yes
  11. payment for a cake order
  12. 10
  13. 180
  14. True
  15. 75
  16. 34
  17. fixed cost ÷ profit
  18. 220
  19. talk to parents
  20. 6
  21. 10
  22. a juicer
  23. 3
  24. buying lemons
  25. Loss
  26. 16
  27. a running cost
  28. 4
  29. 3
  30. False
  31. 670
  32. 50
  33. No
  34. Yes
  35. a one-time cost
  36. cost + a markup
  37. True
  38. 1
  39. 10
  40. 25

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