Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 4 · 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.True or false: “what a customer pays” is the cost price. (a) False (b) True
2. 2.🔁 Making a bigger batch usually makes each item… (a) free (b) always the same (c) much costlier (d) a little cheaper
3. 3.📆 Why repay a loan on time? (a) it does not matter (b) to pay more interest (c) to lose friends (d) to keep trust
4. 4.One fruit cup costs ₹22 to make. Tara adds a 100% markup. What is the selling price (in ₹)?
5. 5.A batch of 50 handmade cards costs ₹450 to make. Saanvi sells each one for ₹10. What is the profit on each one (in ₹)?
6. 6.It costs ₹13 to make one cup of lemonade. Zoya sells it for ₹31. What is the profit on one (in ₹)?
7. 7.A stall’s fixed costs are ₹374. Each handmade card costs ₹9 to make and sells for ₹20. How many must be sold to break even?
8. 8.One friendship band costs ₹20 to make and Saanvi sells it for ₹40. What is the markup in percent?
9. 9.Vihaan has a budget of ₹500. The stock costs ₹110 and the stall fee is ₹410. Is the budget enough? (a) Yes (b) No
10. 10.One cup of lemonade costs ₹20 to make and Meera sells it for ₹24. What is the markup in percent?
11. 11.📦 Why work out the cost of ONE item? (a) to spend more (b) it does not matter (c) to set a good price (d) to look clever
12. 12.Meera’s stall made a profit of ₹300. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
13. 13.🔍 Which is the odd one out? (a) card paper (b) seeds and soil (c) tea leaves and milk (d) a juicer
14. 14.A stall’s fixed costs are ₹231 and each cupcake makes ₹7 profit. Rohan has sold 31 cupcakes so far. Has the stall broken even yet? (a) No (b) Yes
15. 15.A batch of 10 cups of lemonade costs ₹40 to make. Joseph sells each one for ₹10. What is the profit on each one (in ₹)?
16. 16.A stall’s fixed costs are ₹48 and each glass of chai makes ₹2 profit. Meera has sold 27 glasses of chai so far. Has the stall broken even yet? (a) Yes (b) No
17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
18. 18.True or false: “a price board” is a one-time cost. (a) True (b) False
19. 19.Aarav’s record for the day:
    Income: ₹290 (morning sales)
    Income: ₹150 (evening sales)
    Expense: ₹60 (card paper)
    Expense: ₹120 (stall fee)
    What is the profit (in ₹)?
20. 20.Gurpreet has a budget of ₹700. The stock costs ₹50 and the stall fee is ₹680. Is the budget enough? (a) No (b) Yes
21. 21.Kabir’s stall made a profit of ₹1000. Kabir saves 10% of it. How many rupees are saved?
22. 22.One cup of lemonade costs ₹40 to make and Diya sells it for ₹44. What is the markup in percent?
23. 23.A stall’s fixed costs are ₹48. Each potted plant costs ₹21 to make and sells for ₹25. How many must be sold to break even?
24. 24.A stall’s fixed costs are ₹182 and each paper bookmark makes ₹7 profit. Rohan sells 46. What is the profit after paying the fixed costs (in ₹)?
25. 25.One jute bag costs ₹40 to make. Dev adds a 20% markup. What is the profit on one (in ₹)?
26. 26.A stall’s fixed costs are ₹182. Each handmade card costs ₹16 to make and sells for ₹23. How many must be sold to break even?
27. 27.⚖️ “Break-even” means… (a) you borrowed money (b) sales = all costs (c) you stopped selling (d) profit is huge
28. 28.Tara’s stall made a profit of ₹2000. Tara saves 50% of it. How many rupees are saved?
29. 29.To make 50 cups of lemonade, Meera spends ₹35 on lemons, ₹60 on sugar and ₹5 on paper cups. What does one cost to make (in ₹)?
30. 30.🤔 Besides cost, what should a price think about? (a) nothing else (b) your favourite number (c) what buyers will pay (d) the weather only
31. 31.A batch of 20 fruit cups costs ₹240 to make. Riya sells each one for ₹13. What is the profit on each one (in ₹)?
32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
33. 33.Lakshmi pays ₹72 for a table and a banner (fixed costs). Each handmade card sold makes ₹2 profit. How many must be sold to break even?
34. 34.A batch of 25 handmade cards costs ₹275 to make. Meera sells each one for ₹20. What is the profit on each one (in ₹)?
35. 35.One fruit cup costs ₹12 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
36. 36.Which of these is a running cost? (a) a juicer (b) a folding table (c) paper cups (d) a cloth banner
37. 37.Joseph pays ₹144 for a table and a banner (fixed costs). Each cup of lemonade sold makes ₹12 profit. How many must be sold to break even?
38. 38.One clay diya costs ₹20 to make. Rohan adds a 10% markup. What is the selling price (in ₹)?
39. 39.True or false: “payment for a cake order” is income (money in). (a) False (b) True
40. 40.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) ask strangers (c) talk to parents (d) borrow online alone

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