Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 39 · 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.🐷 Saving, reinvesting or spending: profit put in a bank? (a) saving (b) reinvesting (c) spending
2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
3. 3.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) just the income (d) expenses − income
4. 4.Zoya’s record for the day:
   Income: ₹100 (morning sales)
   Income: ₹220 (evening sales)
   Expense: ₹30 (lemons)
   Expense: ₹40 (stall fee)
   What is the profit (in ₹)?
5. 5.Joseph’s stall took in ₹390 on Friday, ₹220 on Saturday and ₹230 on Sunday. What was the total income (in ₹)?
6. 6.True or false: “a cloth banner” is a one-time cost. (a) False (b) True
7. 7.A stall’s fixed costs are ₹36 and each painted pebble makes ₹3 profit. Gurpreet sells 13. What is the profit after paying the fixed costs (in ₹)?
8. 8.Aarav’s record for the day:
   Income: ₹210 (morning sales)
   Income: ₹220 (evening sales)
   Expense: ₹150 (paper cups)
   Expense: ₹180 (lemons)
   What is the profit (in ₹)?
9. 9.Rohan makes 11 handmade cards at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
10. 10.🎉 After the break-even point, each extra item sold… (a) adds profit (b) changes nothing (c) is free (d) adds loss
11. 11.📦 Why work out the cost of ONE item? (a) it does not matter (b) to set a good price (c) to spend more (d) to look clever
12. 12.One paper bookmark costs Lakshmi ₹34 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
13. 13.Ishaan makes 12 cupcakes at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
14. 14.One friendship band costs ₹12 to make. Diya adds a 25% markup. What is the selling price (in ₹)?
15. 15.One jute bag costs ₹57 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
16. 16.Which of these is an expense (money out)? (a) money from sales (b) payment for a cake order (c) tutoring fees received (d) buying lemons
17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
18. 18.Which of these is reinvesting in the business? (a) an emergency fund (b) profit put in a bank (c) better paint for cards (d) a new video game
19. 19.A batch of 25 paper bookmarks costs ₹300 to make. Ishaan sells all 25 at ₹21 each. What is the total profit on the batch (in ₹)?
20. 20.🔢 Break-even number of items = (a) profit − fixed cost (b) fixed cost ÷ profit (c) fixed cost × profit (d) price ÷ cost
21. 21.📒 Income or expense: printing posters? (a) income (b) expense
22. 22.🔍 Which is the odd one out? (a) tea leaves and milk (b) ice (c) paper cups (d) a price board
23. 23.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) buying paper cups (d) cash from selling plants
24. 24.One glass of chai costs ₹20 to make. Zoya adds a 20% markup. What is the selling price (in ₹)?
25. 25.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) guess any price (d) cost + a markup
26. 26.True or false: “a cash box” is a one-time cost. (a) False (b) True
27. 27.📒 Why write down every sale and cost? (a) to fill a notebook (b) to know the real profit (c) to look busy (d) no reason
28. 28.Which of these is income (money in)? (a) printing posters (b) bus fare to the market (c) buying paper cups (d) payment for a cake order
29. 29.True or false: “paper cups” is a running cost. (a) False (b) True
30. 30.🤔 Besides cost, what should a price think about? (a) nothing else (b) the weather only (c) your favourite number (d) what buyers will pay
31. 31.True or false: “the price you sell at” is the selling price. (a) False (b) True
32. 32.To make 10 glasses of chai, Ishaan spends ₹70 on tea leaves, ₹5 on milk and ₹35 on paper cups. What does one cost to make (in ₹)?
33. 33.A batch of 10 bags of popcorn costs ₹110 to make. What does one cost to make (in ₹)?
34. 34.A stall’s fixed costs are ₹209 and each paper bookmark makes ₹11 profit. Dev has sold 22 paper bookmarks so far. Has the stall broken even yet? (a) Yes (b) No
35. 35.One friendship band costs ₹35 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
36. 36.Aarav’s stall made a profit of ₹800. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
37. 37.One bag of popcorn costs ₹34 to make and Diya sells it for ₹51. What is the markup in percent?
38. 38.🧾 What belongs in the batch cost? (a) only the cheapest one (b) every material used (c) your pocket money (d) the selling price
39. 39.Which of these is a running cost? (a) a price board (b) a folding table (c) lemons (d) a cash box
40. 40.🔍 Which is the odd one out? (a) a cooler box (b) a cash box (c) ice (d) a cloth banner

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