Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 42 · 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 50 cups of lemonade costs ₹350 to make. Saanvi sells each one for ₹10. What is the profit on each one (in ₹)?
2. 2.Arjun has a budget of ₹600. The stock costs ₹80 and the stall fee is ₹520. Is the budget enough? (a) No (b) Yes
3. 3.Which of these is reinvesting in the business? (a) a cinema ticket (b) profit put in a bank (c) buying a second juicer (d) an emergency fund
4. 4.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
5. 5.True or false: “cost of making one” is the cost price. (a) False (b) True
6. 6.Which of these is spending on yourself? (a) profit put in a bank (b) buying a second juicer (c) a piggy bank for later (d) a new video game
7. 7.🤔 Besides cost, what should a price think about? (a) the weather only (b) your favourite number (c) what buyers will pay (d) nothing else
8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
9. 9.Kavya has ₹310 to spend on packs of cups. One pack of cups costs ₹6. What is the greatest number of packs of cups Kavya can buy?
10. 10.🔁 Making a bigger batch usually makes each item… (a) always the same (b) a little cheaper (c) much costlier (d) free
11. 11.To make 25 glasses of chai, Tara spends ₹10 on tea leaves, ₹15 on milk and ₹25 on paper cups. What does one cost to make (in ₹)?
12. 12.🧾 What belongs in the batch cost? (a) the selling price (b) every material used (c) only the cheapest one (d) your pocket money
13. 13.One friendship band costs ₹40 to make. Dev adds a 10% markup. What is the profit on one (in ₹)?
14. 14.One fruit cup costs Farhan ₹18 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
15. 15.Nisha has a budget of ₹500. The stock costs ₹150 and the stall fee is ₹390. Is the budget enough? (a) No (b) Yes
16. 16.A stall’s fixed costs are ₹60. Each clay diya costs ₹6 to make and sells for ₹16. How many must be sold to break even?
17. 17.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
18. 18.Joseph’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹100 (evening sales)
    Expense: ₹110 (posters)
    Expense: ₹20 (ribbon)
    What is the profit (in ₹)?
19. 19.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) saving (b) reinvesting (c) spending
20. 20.One friendship band costs ₹20 to make. Arjun adds a 25% markup. What is the profit on one (in ₹)?
21. 21.A batch of 10 cupcakes costs ₹50 to make. Riya sells each one for ₹13. What is the profit on each one (in ₹)?
22. 22.A batch of 20 fruit cups costs ₹60 to make. Saanvi sells each one for ₹12. What is the profit on each one (in ₹)?
23. 23.Farhan’s stall made a profit of ₹600. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
24. 24.Diya’s stall made a profit of ₹600. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are spent?
25. 25.One jute bag costs ₹46 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
26. 26.A stall’s fixed costs are ₹84 and each fruit cup makes ₹7 profit. Diya has sold 13 fruit cups so far. Has the stall broken even yet? (a) No (b) Yes
27. 27.Lakshmi has ₹110 to spend on sheets of card paper. One sheet of card paper costs ₹10. What is the greatest number of sheets of card paper Lakshmi can buy?
28. 28.Joseph’s stall took in ₹280 on Friday, ₹210 on Saturday and ₹110 on Sunday. What was the total income (in ₹)?
29. 29.Dev’s stall budget is ₹660. Pots cost ₹270, a banner cost ₹120 and seeds cost ₹120. How many rupees of the budget are left?
30. 30.Which of these is income (money in)? (a) paying the stall fee (b) a card order paid (c) buying paper cups (d) buying lemons
31. 31.Tara’s record for the day:
    Income: ₹170 (morning sales)
    Income: ₹220 (evening sales)
    Expense: ₹20 (posters)
    Expense: ₹110 (card paper)
    What is the profit (in ₹)?
32. 32.To make 10 fruit cups, Vihaan spends ₹15 on fruit, ₹40 on cups and ₹5 on spoons. What does one cost to make (in ₹)?
33. 33.True or false: “a cooler box” is a running cost. (a) False (b) True
34. 34.One cup of lemonade costs ₹20 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
35. 35.One friendship band costs ₹45 to make and Saanvi sells it for ₹90. What is the markup in percent?
36. 36.Kabir’s stall made a profit of ₹400. 10% is saved, 30% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
37. 37.📒 Why write down every sale and cost? (a) to fill a notebook (b) to look busy (c) no reason (d) to know the real profit
38. 38.Farhan pays ₹300 for a table and a banner (fixed costs). Each cupcake sold makes ₹12 profit. How many must be sold to break even?
39. 39.One glass of chai costs Dev ₹46 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
40. 40.🐷 Saving, reinvesting or spending: an emergency fund? (a) reinvesting (b) spending (c) saving

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