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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 43 · 40 questions
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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.

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  1. 1.A small family shop borrows ₹900 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  2. 2.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) buying lemons (d) cash from selling plants
  3. 3.Kabir makes 6 potted plants at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  4. 4.One glass of chai costs ₹25 to make. Gurpreet adds a 20% markup. What is the selling price (in ₹)?
  5. 5.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  6. 6.One jute bag costs ₹15 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  7. 7.True or false: “payment for a cake order” is income (money in). (a) True (b) False
  8. 8.A small family shop borrows ₹100 from a bank at 10% simple interest per year. How much interest is due after 3 years (in ₹)?
  9. 9.Gurpreet’s stall made a profit of ₹1000. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  10. 10.A small family shop borrows ₹300 from a bank at 3% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  11. 11.A stall’s fixed costs are ₹72 and each paper bookmark makes ₹9 profit. Vihaan sells 10. What is the profit after paying the fixed costs (in ₹)?
  12. 12.Kabir makes 20 bags of popcorn at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  13. 13.📒 Why write down every sale and cost? (a) to look busy (b) to fill a notebook (c) to know the real profit (d) no reason
  14. 14.Arjun’s stall made a profit of ₹1000. 20% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
  15. 15.📒 Income or expense: paying the stall fee? (a) income (b) expense
  16. 16.Diya has a budget of ₹600. The stock costs ₹150 and the stall fee is ₹460. Is the budget enough? (a) No (b) Yes
  17. 17.Kavya’s income was ₹200 and the profit was ₹120. One expense was ₹40 (stall fee). How much was the other expense, for paper cups (in ₹)?
  18. 18.Gurpreet’s stall made a profit of ₹1800. Gurpreet saves 50% of it. How many rupees are saved?
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  20. 20.It costs ₹54 to make one potted plant. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  21. 21.One glass of chai costs ₹6 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  22. 22.To make 10 cups of lemonade, Kavya spends ₹25 on lemons, ₹30 on sugar and ₹25 on paper cups. What does one cost to make (in ₹)?
  23. 23.Zoya’s stall took in ₹200 on Friday, ₹130 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
  24. 24.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  25. 25.A small family shop borrows ₹300 from a bank at 6% simple interest per year. How much interest is due after 1 year (in ₹)?
  26. 26.🔍 Which is the odd one out? (a) a folding table (b) a cooler box (c) a price board (d) ice
  27. 27.Which of these is a one-time cost? (a) ice (b) sugar (c) paper cups (d) a cash box
  28. 28.True or false: “money got from a sale” is the selling price. (a) False (b) True
  29. 29.Which of these is reinvesting in the business? (a) a piggy bank for later (b) a new video game (c) an emergency fund (d) buying a second juicer
  30. 30.A batch of 25 glasses of chai costs ₹50 to make. What does one cost to make (in ₹)?
  31. 31.Which of these is saving? (a) buying a second juicer (b) a cinema ticket (c) profit put in a bank (d) a new video game
  32. 32.A batch of 25 bags of popcorn costs ₹300 to make. Kavya sells all 25 at ₹16 each. What is the total profit on the batch (in ₹)?
  33. 33.Which of these is a one-time cost? (a) ice (b) tea leaves and milk (c) a cloth banner (d) lemons
  34. 34.A small family shop borrows ₹800 from a bank at 8% simple interest per year. How much must it pay back in all after 1 year (in ₹)?
  35. 35.Kabir’s stall made a profit of ₹300. Kabir saves 25% of it. How many rupees are saved?
  36. 36.Diya’s stall took in ₹170 on Friday, ₹230 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?
  37. 37.A batch of 10 handmade cards costs ₹80 to make. Tara sells each one for ₹9. What is the profit on each one (in ₹)?
  38. 38.Which of these is income (money in)? (a) bus fare to the market (b) buying paper cups (c) paying the stall fee (d) money from sales
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.A stall’s fixed costs are ₹72 and each cup of lemonade makes ₹9 profit. Ananya has sold 6 cups of lemonade so far. Has the stall broken even yet? (a) No (b) Yes

Answer key

  1. 927
  2. cash from selling plants
  3. 66
  4. 30
  5. what the buyer pays
  6. 30
  7. True
  8. 30
  9. 400
  10. 309
  11. 18
  12. 60
  13. to know the real profit
  14. 400
  15. expense
  16. No
  17. 40
  18. 900
  19. what it cost you
  20. 4
  21. 9
  22. 8
  23. 430
  24. SP more than CP
  25. 18
  26. ice
  27. a cash box
  28. True
  29. buying a second juicer
  30. 2
  31. profit put in a bank
  32. 100
  33. a cloth banner
  34. 864
  35. 75
  36. 550
  37. 1
  38. money from sales
  39. True
  40. No

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