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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 5 · 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.Which of these is a running cost? (a) a cooler box (b) a cash box (c) lemons (d) a price board
  2. 2.🔁 Making a bigger batch usually makes each item… (a) free (b) always the same (c) much costlier (d) a little cheaper
  3. 3.Rohan has a budget of ₹800. The stock costs ₹180 and the stall fee is ₹600. Is the budget enough? (a) No (b) Yes
  4. 4.Which of these is a running cost? (a) a price board (b) seeds and soil (c) a folding table (d) a cooler box
  5. 5.One glass of chai costs ₹60 to make. Kabir adds a 20% markup. What is the profit on one (in ₹)?
  6. 6.Ishaan’s stall made a profit of ₹1000. 20% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  7. 7.Diya has ₹120 to spend on sheets of card paper. One sheet of card paper costs ₹6. What is the greatest number of sheets of card paper Diya can buy?
  8. 8.Gurpreet’s income was ₹130 and the profit was ₹10. One expense was ₹20 (paper cups). How much was the other expense, for lemons (in ₹)?
  9. 9.Vihaan’s stall made a profit of ₹1900. Vihaan saves 20% of it. How many rupees are saved?
  10. 10.🔍 Which is the odd one out? (a) a juicer (b) sugar (c) a cash box (d) a cooler box
  11. 11.🐷 Saving, reinvesting or spending: profit put in a bank? (a) reinvesting (b) spending (c) saving
  12. 12.Tara pays ₹182 for a table and a banner (fixed costs). Each friendship band sold makes ₹13 profit. How many must be sold to break even?
  13. 13.📒 One-time cost or running cost: paper cups? (a) a running cost (b) a one-time cost
  14. 14.It costs ₹41 to make one handmade card. Aarav sells it for ₹43. What is the profit on one (in ₹)?
  15. 15.True or false: “a card order paid” is an expense (money out). (a) False (b) True
  16. 16.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  17. 17.Which of these is a one-time cost? (a) a folding table (b) card paper (c) seeds and soil (d) ice
  18. 18.A batch of 50 glasses of chai costs ₹350 to make. What does one cost to make (in ₹)?
  19. 19.🧮 Cost of one item from a batch = (a) batch cost × number (b) price − cost (c) number ÷ batch cost (d) batch cost ÷ number
  20. 20.Gurpreet pays ₹120 for a table and a banner (fixed costs). Each jute bag sold makes ₹3 profit. How many must be sold to break even?
  21. 21.🧾 What belongs in the batch cost? (a) every material used (b) only the cheapest one (c) your pocket money (d) the selling price
  22. 22.To make 50 bags of popcorn, Joseph spends ₹375 on corn, ₹110 on oil and ₹115 on paper bags. What does one cost to make (in ₹)?
  23. 23.One fruit cup costs ₹20 to make and Joseph sells it for ₹24. What is the markup in percent?
  24. 24.📦 Why work out the cost of ONE item? (a) to set a good price (b) to look clever (c) to spend more (d) it does not matter
  25. 25.To make 10 cupcakes, Joseph spends ₹15 on flour, ₹5 on butter and ₹20 on paper cases. What does one cost to make (in ₹)?
  26. 26.📒 Income or expense: paying the stall fee? (a) income (b) expense
  27. 27.To make 25 cups of lemonade, Lakshmi spends ₹25 on lemons, ₹55 on sugar and ₹95 on paper cups. What does one cost to make (in ₹)?
  28. 28.One paper bookmark costs ₹12 to make and Dev sells it for ₹15. What is the markup in percent?
  29. 29.Diya’s stall took in ₹220 on Friday, ₹250 on Saturday and ₹130 on Sunday. What was the total income (in ₹)?
  30. 30.Aarav’s stall made a profit of ₹1200. Aarav saves 20% of it. How many rupees are saved?
  31. 31.It costs ₹18 to make one handmade card. On the last day Kabir sells it for only ₹15. How much is the loss on one (in ₹)?
  32. 32.One bag of popcorn costs ₹34 to make and Nisha sells it for ₹51. What is the markup in percent?
  33. 33.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  34. 34.Farhan pays ₹85 for a table and a banner (fixed costs). Each jute bag sold makes ₹5 profit. How many must be sold to break even?
  35. 35.Joseph has ₹460 to spend on rolls of ribbon. One roll of ribbon costs ₹4. What is the greatest number of rolls of ribbon Joseph can buy?
  36. 36.Lakshmi’s income was ₹490 and the profit was ₹320. One expense was ₹20 (sugar). How much was the other expense, for paper cups (in ₹)?
  37. 37.Riya makes 14 glasses of chai at a cost of ₹30 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  38. 38.A batch of 25 cups of lemonade costs ₹300 to make. Nisha sells all 25 at ₹17 each. What is the total profit on the batch (in ₹)?
  39. 39.To make 20 potted plants, Riya spends ₹10 on pots, ₹5 on soil and ₹45 on seeds. What does one cost to make (in ₹)?
  40. 40.🧾 A fixed cost is one that… (a) is paid by customers (b) is always zero (c) grows with each item (d) is not paid per item

Answer key

  1. lemons
  2. a little cheaper
  3. Yes
  4. seeds and soil
  5. 12
  6. 200
  7. 20
  8. 100
  9. 380
  10. sugar
  11. saving
  12. 14
  13. a running cost
  14. 2
  15. False
  16. what the buyer pays
  17. a folding table
  18. 7
  19. batch cost ÷ number
  20. 40
  21. every material used
  22. 12
  23. 20
  24. to set a good price
  25. 4
  26. expense
  27. 7
  28. 25
  29. 600
  30. 240
  31. 3
  32. 50
  33. SP more than CP
  34. 17
  35. 115
  36. 150
  37. 84
  38. 125
  39. 3
  40. is not paid per item

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