Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 40 · 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.A batch of 10 potted plants costs ₹60 to make. What does one cost to make (in ₹)?
2. 2.A stall’s fixed costs are ₹555 and each paper bookmark makes ₹15 profit. Dev sells 40. What is the profit after paying the fixed costs (in ₹)?
3. 3.One fruit cup costs ₹40 to make and Aarav sells it for ₹44. What is the markup in percent?
4. 4.One jute bag costs ₹34 to make. Nisha adds a 100% markup. What is the selling price (in ₹)?
5. 5.Ananya’s record for a rainy day:
   Income: ₹160 (sales)
   Expense: ₹20 (stall fee)
   Expense: ₹170 (lemons)
   How much is the loss (in ₹)?
6. 6.A small family shop borrows ₹600 from a bank at 2% simple interest per year. How much interest is due after 2 years (in ₹)?
7. 7.Lakshmi’s stall budget is ₹650. Paper cups cost ₹280, a banner cost ₹250 and ribbon cost ₹60. How many rupees of the budget are left?
8. 8.A batch of 10 handmade cards costs ₹50 to make. Zoya sells each one for ₹15. What is the profit on each one (in ₹)?
9. 9.One cup of lemonade costs ₹60 to make. Nisha adds a 20% markup. What is the selling price (in ₹)?
10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
11. 11.A stall’s fixed costs are ₹185 and each clay diya makes ₹5 profit. Joseph sells 51. What is the profit after paying the fixed costs (in ₹)?
12. 12.🧾 What should you keep after buying supplies? (a) nothing (b) the bill or receipt (c) a selfie (d) only the bag
13. 13.🔢 Break-even number of items = (a) price ÷ cost (b) profit − fixed cost (c) fixed cost × profit (d) fixed cost ÷ profit
14. 14.Aarav’s stall budget is ₹560. Lemons cost ₹180, paper cups cost ₹80 and ribbon cost ₹280. How many rupees of the budget are left?
15. 15.Nisha’s stall budget is ₹510. Seeds cost ₹50, card paper cost ₹280 and a price board cost ₹40. How many rupees of the budget are left?
16. 16.🧮 Cost of one item from a batch = (a) price − cost (b) batch cost ÷ number (c) batch cost × number (d) number ÷ batch cost
17. 17.A stall’s fixed costs are ₹255 and each friendship band makes ₹15 profit. Arjun sells 35. What is the profit after paying the fixed costs (in ₹)?
18. 18.True or false: “a juicer” is a one-time cost. (a) False (b) True
19. 19.Zoya has ₹230 to spend on sheets of card paper. One sheet of card paper costs ₹8. What is the greatest number of sheets of card paper Zoya can buy?
20. 20.📒 One-time cost or running cost: a cloth banner? (a) a running cost (b) a one-time cost
21. 21.💡 Before borrowing, what should you ask? (a) nothing (b) how fast can I spend? (c) can I pay it back? (d) what is the logo?
22. 22.➖ Profit in your records = (a) income − expenses (b) income + expenses (c) expenses − income (d) just the income
23. 23.Rohan’s stall took in ₹290 on Friday, ₹220 on Saturday and ₹310 on Sunday. What was the total income (in ₹)?
24. 24.Ananya pays ₹240 for a table and a banner (fixed costs). Each cupcake sold makes ₹8 profit. How many must be sold to break even?
25. 25.Which of these is an expense (money out)? (a) cash from selling plants (b) paying the stall fee (c) payment for a cake order (d) tutoring fees received
26. 26.Which of these is reinvesting in the business? (a) sweets for yourself (b) a new video game (c) a cinema ticket (d) more seeds for next time
27. 27.👪 A teen wants to borrow for a business idea. First step? (a) take it secretly (b) talk to parents (c) borrow online alone (d) ask strangers
28. 28.Diya’s record for the day:
    Income: ₹400 (morning sales)
    Income: ₹130 (evening sales)
    Expense: ₹200 (transport)
    Expense: ₹110 (ribbon)
    What is the profit (in ₹)?
29. 29.Which of these is a one-time cost? (a) card paper (b) lemons (c) a juicer (d) seeds and soil
30. 30.It costs ₹16 to make one paper bookmark. Dev sells it for ₹18. What is the profit on one (in ₹)?
31. 31.True or false: “payment for a cake order” is income (money in). (a) False (b) True
32. 32.True or false: “a price board” is a running cost. (a) True (b) False
33. 33.A batch of 20 bags of popcorn costs ₹60 to make. Zoya sells each one for ₹12. What is the profit on each one (in ₹)?
34. 34.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
35. 35.Nisha’s record for the day:
    Income: ₹20 (morning sales)
    Income: ₹190 (evening sales)
    Expense: ₹20 (posters)
    Expense: ₹100 (lemons)
    What is the profit (in ₹)?
36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
37. 37.One fruit cup costs ₹14 to make. Saanvi adds a 50% markup. What is the profit on one (in ₹)?
38. 38.A stall’s fixed costs are ₹100 and each glass of chai makes ₹5 profit. Nisha has sold 17 glasses of chai so far. Has the stall broken even yet? (a) Yes (b) No
39. 39.A batch of 10 potted plants costs ₹80 to make. Diya sells all 10 at ₹14 each. What is the total profit on the batch (in ₹)?
40. 40.One glass of chai costs ₹52 to make. Zoya adds a 50% markup. What is the profit on one (in ₹)?

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