Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 44 · 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.Tara’s stall made a profit of ₹1700. 25% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are spent?
2. 2.📒 Income or expense: buying paper cups? (a) expense (b) income
3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
4. 4.To make 25 potted plants, Kabir spends ₹110 on pots, ₹5 on soil and ₹10 on seeds. What does one cost to make (in ₹)?
5. 5.🧾 A fixed cost is one that… (a) grows with each item (b) is always zero (c) is paid by customers (d) is not paid per item
6. 6.Kabir’s record for the day:
   Income: ₹170 (morning sales)
   Income: ₹230 (evening sales)
   Expense: ₹200 (card paper)
   Expense: ₹60 (ribbon)
   What is the profit (in ₹)?
7. 7.A batch of 50 cupcakes costs ₹400 to make. Diya sells each one for ₹11. What is the profit on each one (in ₹)?
8. 8.A batch of 20 glasses of chai costs ₹80 to make. What does one cost to make (in ₹)?
9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
10. 10.Joseph’s stall took in ₹150 on Friday, ₹120 on Saturday and ₹100 on Sunday. What was the total income (in ₹)?
11. 11.🏷️ Cost-plus pricing means… (a) copy a rival (b) cost − a markup (c) cost + a markup (d) guess any price
12. 12.📒 One-time cost or running cost: a cash box? (a) a one-time cost (b) a running cost
13. 13.A stall’s fixed costs are ₹33 and each painted pebble makes ₹3 profit. Kabir sells 12. What is the profit after paying the fixed costs (in ₹)?
14. 14.One cup of lemonade costs ₹10 to make and Gurpreet sells it for ₹11. What is the markup in percent?
15. 15.A small family shop borrows ₹900 from a bank at 7% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
16. 16.A batch of 50 fruit cups costs ₹250 to make. Meera sells all 50 at ₹10 each. What is the total profit on the batch (in ₹)?
17. 17.A stall’s fixed costs are ₹165. Each clay diya costs ₹9 to make and sells for ₹20. How many must be sold to break even?
18. 18.True or false: “paper cups” is a running cost. (a) False (b) True
19. 19.One painted pebble costs ₹49 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
20. 20.🔍 Which is the odd one out? (a) lemons (b) paper cups (c) a cooler box (d) ice
21. 21.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
22. 22.Dev’s record for the day:
    Income: ₹100 (morning sales)
    Income: ₹180 (evening sales)
    Expense: ₹70 (paper cups)
    Expense: ₹180 (ribbon)
    What is the profit (in ₹)?
23. 23.A stall’s fixed costs are ₹28 and each cupcake makes ₹2 profit. Saanvi has sold 11 cupcakes so far. Has the stall broken even yet? (a) Yes (b) No
24. 24.A batch of 20 glasses of chai costs ₹180 to make. Vihaan sells each one for ₹13. What is the profit on each one (in ₹)?
25. 25.A small family shop borrows ₹900 from a bank at 10% simple interest per year. How much must it pay back in all after 2 years (in ₹)?
26. 26.Which of these is income (money in)? (a) paying the stall fee (b) bus fare to the market (c) a card order paid (d) buying lemons
27. 27.Which of these is an expense (money out)? (a) buying paper cups (b) tutoring fees received (c) money from sales (d) cash from selling plants
28. 28.One jute bag costs ₹24 to make and Ishaan sells it for ₹30. What is the markup in percent?
29. 29.A batch of 25 fruit cups costs ₹175 to make. Ishaan sells each one for ₹13. What is the profit on each one (in ₹)?
30. 30.Zoya has a budget of ₹900. The stock costs ₹180 and the stall fee is ₹670. Is the budget enough? (a) Yes (b) No
31. 31.It costs ₹49 to make one friendship band. Vihaan sells it for ₹61. What is the profit on one (in ₹)?
32. 32.Kavya’s income was ₹370 and the profit was ₹240. One expense was ₹110 (lemons). How much was the other expense, for sugar (in ₹)?
33. 33.A stall’s fixed costs are ₹25 and each handmade card makes ₹5 profit. Dev sells 24. What is the profit after paying the fixed costs (in ₹)?
34. 34.Which of these is spending on yourself? (a) better paint for cards (b) more seeds for next time (c) a cinema ticket (d) profit put in a bank
35. 35.⚖️ “Break-even” means… (a) you borrowed money (b) sales = all costs (c) you stopped selling (d) profit is huge
36. 36.A stall’s fixed costs are ₹14 and each fruit cup makes ₹2 profit. Saanvi has sold 3 fruit cups so far. Has the stall broken even yet? (a) Yes (b) No
37. 37.Rohan makes 18 potted plants at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
39. 39.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
40. 40.Rohan pays ₹245 for a table and a banner (fixed costs). Each jute bag sold makes ₹7 profit. How many must be sold to break even?

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