Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 38 · 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.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
2. 2.Gurpreet’s record for the day:
   Income: ₹120 (morning sales)
   Income: ₹270 (evening sales)
   Expense: ₹150 (paper cups)
   Expense: ₹70 (lemons)
   What is the profit (in ₹)?
3. 3.Farhan’s record for a rainy day:
   Income: ₹180 (sales)
   Expense: ₹180 (posters)
   Expense: ₹60 (transport)
   How much is the loss (in ₹)?
4. 4.Diya’s stall made a profit of ₹1100. 10% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
5. 5.One cup of lemonade costs ₹14 to make. Nisha adds a 50% markup. What is the selling price (in ₹)?
6. 6.True or false: “tutoring fees received” is an expense (money out). (a) False (b) True
7. 7.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
8. 8.A batch of 20 cupcakes costs ₹80 to make. Kavya sells each one for ₹5. What is the profit on each one (in ₹)?
9. 9.Farhan’s stall took in ₹290 on Friday, ₹340 on Saturday and ₹120 on Sunday. What was the total income (in ₹)?
10. 10.Which of these is a one-time cost? (a) tea leaves and milk (b) a folding table (c) card paper (d) lemons
11. 11.🔁 Reinvesting means… (a) spending it on games (b) putting profit back in (c) giving it away (d) hiding it
12. 12.Which of these is income (money in)? (a) cash from selling plants (b) printing posters (c) buying paper cups (d) paying the stall fee
13. 13.📒 Income or expense: a card order paid? (a) income (b) expense
14. 14.One bag of popcorn costs ₹20 to make. Saanvi adds a 10% markup. What is the profit on one (in ₹)?
15. 15.One clay diya costs ₹60 to make and Dev sells it for ₹66. What is the markup in percent?
16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
17. 17.A small family shop borrows ₹1000 from a bank at 7% simple interest per year. How much interest is due after 1 year (in ₹)?
18. 18.One bag of popcorn costs ₹5 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
19. 19.📒 One-time cost or running cost: a cooler box? (a) a running cost (b) a one-time cost
20. 20.🧾 A fixed cost is one that… (a) is always zero (b) grows with each item (c) is paid by customers (d) is not paid per item
21. 21.It costs ₹10 to make one bag of popcorn. On the last day Saanvi sells it for only ₹9. How much is the loss on one (in ₹)?
22. 22.A stall’s fixed costs are ₹176 and each painted pebble makes ₹11 profit. Ishaan has sold 12 painted pebbles so far. Has the stall broken even yet? (a) Yes (b) No
23. 23.True or false: “ice” is a running cost. (a) False (b) True
24. 24.One bag of popcorn costs ₹32 to make. Ananya adds a 25% markup. What is the selling price (in ₹)?
25. 25.To make 50 glasses of chai, Ishaan spends ₹320 on tea leaves, ₹55 on milk and ₹25 on paper cups. What does one cost to make (in ₹)?
26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
27. 27.🤔 Besides cost, what should a price think about? (a) your favourite number (b) the weather only (c) what buyers will pay (d) nothing else
28. 28.A batch of 10 fruit cups costs ₹70 to make. Gurpreet sells each one for ₹15. What is the profit on each one (in ₹)?
29. 29.A batch of 10 cups of lemonade costs ₹110 to make. Saanvi sells each one for ₹19. What is the profit on each one (in ₹)?
30. 30.One cup of lemonade costs ₹54 to make. Joseph adds a 100% markup. What is the selling price (in ₹)?
31. 31.Arjun’s income was ₹340 and the profit was ₹150. One expense was ₹20 (ribbon). How much was the other expense, for lemons (in ₹)?
32. 32.True or false: “a cooler box” is a running cost. (a) True (b) False
33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
34. 34.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
35. 35.A small family shop borrows ₹800 from a bank at 7% simple interest per year. How much interest is due after 3 years (in ₹)?
36. 36.A stall’s fixed costs are ₹180 and each paper bookmark makes ₹12 profit. Ananya sells 33. What is the profit after paying the fixed costs (in ₹)?
37. 37.One cup of lemonade costs ₹17 to make and Riya sells it for ₹34. What is the markup in percent?
38. 38.True or false: “seeds and soil” is a running cost. (a) True (b) False
39. 39.One clay diya costs ₹41 to make. Arjun adds a 100% markup. What is the profit on one (in ₹)?
40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

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