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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 41 · 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.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  2. 2.To make 10 bags of popcorn, Tara spends ₹45 on corn, ₹15 on oil and ₹40 on paper bags. What does one cost to make (in ₹)?
  3. 3.👪 A teen wants to borrow for a business idea. First step? (a) talk to parents (b) take it secretly (c) ask strangers (d) borrow online alone
  4. 4.One bag of popcorn costs ₹30 to make. Arjun adds a 10% markup. What is the selling price (in ₹)?
  5. 5.🔍 Which is the odd one out? (a) a cooler box (b) a cloth banner (c) lemons (d) a folding table
  6. 6.True or false: “tutoring fees received” is income (money in). (a) False (b) True
  7. 7.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  8. 8.A small family shop borrows ₹800 from a bank at 2% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.A batch of 25 cups of lemonade costs ₹175 to make. What does one cost to make (in ₹)?
  11. 11.Ananya’s stall made a profit of ₹800. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  12. 12.Which of these is income (money in)? (a) buying paper cups (b) paying the stall fee (c) bus fare to the market (d) a card order paid
  13. 13.📒 Income or expense: bus fare to the market? (a) income (b) expense
  14. 14.One glass of chai costs ₹57 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  15. 15.Ananya pays ₹403 for a table and a banner (fixed costs). Each clay diya sold makes ₹13 profit. How many must be sold to break even?
  16. 16.Farhan’s income was ₹450 and the profit was ₹90. One expense was ₹90 (ribbon). How much was the other expense, for card paper (in ₹)?
  17. 17.A stall’s fixed costs are ₹400 and each handmade card makes ₹10 profit. Kabir has sold 37 handmade cards so far. Has the stall broken even yet? (a) No (b) Yes
  18. 18.It costs ₹59 to make one bag of popcorn. Rohan sells it for ₹61. What is the profit on one (in ₹)?
  19. 19.Lakshmi has ₹210 to spend on packets of seeds. One packet of seeds costs ₹6. What is the greatest number of packets of seeds Lakshmi can buy?
  20. 20.Kabir’s stall made a profit of ₹1700. Kabir saves 20% of it. How many rupees are saved?
  21. 21.A stall’s fixed costs are ₹30 and each clay diya makes ₹2 profit. Diya has sold 20 clay diyas so far. Has the stall broken even yet? (a) No (b) Yes
  22. 22.A batch of 50 potted plants costs ₹150 to make. What does one cost to make (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.Diya pays ₹442 for a table and a banner (fixed costs). Each cupcake sold makes ₹13 profit. How many must be sold to break even?
  25. 25.A stall’s fixed costs are ₹319 and each paper bookmark makes ₹11 profit. Aarav sells 46. What is the profit after paying the fixed costs (in ₹)?
  26. 26.Which of these is saving? (a) a cinema ticket (b) an emergency fund (c) sweets for yourself (d) more seeds for next time
  27. 27.A batch of 20 glasses of chai costs ₹240 to make. Ananya sells each one for ₹19. What is the profit on each one (in ₹)?
  28. 28.📒 Income or expense: buying lemons? (a) income (b) expense
  29. 29.📉 A price below the cost leads to… (a) break-even (b) a profit (c) free stock (d) a loss
  30. 30.One friendship band costs ₹16 to make and Farhan sells it for ₹24. What is the markup in percent?
  31. 31.One friendship band costs ₹26 to make. Aarav adds a 50% markup. What is the selling price (in ₹)?
  32. 32.A stall’s fixed costs are ₹58. Each friendship band costs ₹14 to make and sells for ₹16. How many must be sold to break even?
  33. 33.📒 One-time cost or running cost: a juicer? (a) a running cost (b) a one-time cost
  34. 34.Vihaan plans to make 32 painted pebbles. Each needs ₹3 of materials, and a banner costs ₹150 once. What total budget is needed (in ₹)?
  35. 35.One cup of lemonade costs ₹18 to make and Farhan sells it for ₹27. What is the markup in percent?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.📦 Why work out the cost of ONE item? (a) it does not matter (b) to spend more (c) to set a good price (d) to look clever
  38. 38.One glass of chai costs ₹45 to make. Kabir adds a 20% markup. What is the selling price (in ₹)?
  39. 39.📒 Income or expense: payment for a cake order? (a) expense (b) income
  40. 40.It costs ₹34 to make one clay diya. Dev sells it for ₹52. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 10
  3. talk to parents
  4. 33
  5. lemons
  6. True
  7. SP less than CP
  8. 816
  9. selling price
  10. 7
  11. 320
  12. a card order paid
  13. expense
  14. 57
  15. 31
  16. 270
  17. No
  18. 2
  19. 35
  20. 340
  21. Yes
  22. 3
  23. selling price
  24. 34
  25. 187
  26. an emergency fund
  27. 7
  28. expense
  29. a loss
  30. 50
  31. 39
  32. 29
  33. a one-time cost
  34. 246
  35. 50
  36. cost price
  37. to set a good price
  38. 54
  39. income
  40. 18

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