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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 6 · 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 teen wants to borrow for a business idea. First step? (a) ask strangers (b) talk to parents (c) borrow online alone (d) take it secretly
  2. 2.A batch of 20 paper bookmarks costs ₹100 to make. What does one cost to make (in ₹)?
  3. 3.Which of these is a one-time cost? (a) lemons (b) a price board (c) sugar (d) tea leaves and milk
  4. 4.It costs ₹15 to make one paper bookmark. Lakshmi sells it for ₹22. What is the profit on one (in ₹)?
  5. 5.📒 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
  6. 6.Nisha’s stall made a profit of ₹500. 10% is saved, 50% is reinvested in the stall and the rest is spent. How many rupees are spent?
  7. 7.A batch of 20 cups of lemonade costs ₹100 to make. Zoya sells all 20 at ₹11 each. What is the total profit on the batch (in ₹)?
  8. 8.A stall’s fixed costs are ₹78. Each friendship band costs ₹3 to make and sells for ₹9. How many must be sold to break even?
  9. 9.One cup of lemonade costs ₹60 to make. Kavya adds a 20% markup. What is the selling price (in ₹)?
  10. 10.One potted plant costs ₹30 to make. Nisha adds a 10% markup. What is the profit on one (in ₹)?
  11. 11.Arjun’s income was ₹410 and the profit was ₹50. One expense was ₹240 (paper cups). How much was the other expense, for stall fee (in ₹)?
  12. 12.One glass of chai costs ₹33 to make. Rohan adds a 100% markup. What is the selling price (in ₹)?
  13. 13.Vihaan has ₹170 to spend on lemons. One lemon costs ₹6. What is the greatest number of lemons Vihaan can buy?
  14. 14.Which of these is income (money in)? (a) buying lemons (b) a card order paid (c) bus fare to the market (d) paying the stall fee
  15. 15.A batch of 20 paper bookmarks costs ₹100 to make. Aarav sells all 20 at ₹10 each. What is the total profit on the batch (in ₹)?
  16. 16.A batch of 20 fruit cups costs ₹180 to make. What does one cost to make (in ₹)?
  17. 17.A batch of 25 bags of popcorn costs ₹125 to make. Ishaan sells all 25 at ₹13 each. What is the total profit on the batch (in ₹)?
  18. 18.One painted pebble costs ₹28 to make. Nisha adds a 50% markup. What is the profit on one (in ₹)?
  19. 19.One painted pebble costs ₹24 to make. Kabir adds a 25% markup. What is the profit on one (in ₹)?
  20. 20.📒 Income or expense: tutoring fees received? (a) expense (b) income
  21. 21.Which of these is reinvesting in the business? (a) a new video game (b) profit put in a bank (c) more seeds for next time (d) a piggy bank for later
  22. 22.A batch of 50 cupcakes costs ₹100 to make. Lakshmi sells each one for ₹11. What is the profit on each one (in ₹)?
  23. 23.One handmade card costs ₹60 to make and Diya sells it for ₹90. What is the markup in percent?
  24. 24.Which of these is a one-time cost? (a) sugar (b) paper cups (c) lemons (d) a cloth banner
  25. 25.Which of these is a running cost? (a) paper cups (b) a cloth banner (c) a folding table (d) a cooler box
  26. 26.🏷️ Cost-plus pricing means… (a) cost − a markup (b) cost + a markup (c) copy a rival (d) guess any price
  27. 27.📒 Income or expense: buying lemons? (a) expense (b) income
  28. 28.One friendship band costs ₹53 to make. Dev adds a 100% markup. What is the profit on one (in ₹)?
  29. 29.A stall’s fixed costs are ₹48 and each fruit cup makes ₹6 profit. Ananya sells 25. What is the profit after paying the fixed costs (in ₹)?
  30. 30.A batch of 20 glasses of chai costs ₹160 to make. Kabir sells all 20 at ₹18 each. What is the total profit on the batch (in ₹)?
  31. 31.One jute bag costs Saanvi ₹24 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.True or false: “what a customer pays” is the cost price. (a) True (b) False
  33. 33.📒 One-time cost or running cost: a juicer? (a) a running cost (b) a one-time cost
  34. 34.It costs ₹46 to make one handmade card. Kavya sells it for ₹61. What is the profit on one (in ₹)?
  35. 35.A small family shop borrows ₹500 from a bank at 5% simple interest per year. How much interest is due after 1 year (in ₹)?
  36. 36.Kavya’s record for a rainy day:
    Income: ₹220 (sales)
    Expense: ₹130 (sugar)
    Expense: ₹100 (lemons)
    How much is the loss (in ₹)?
  37. 37.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.A batch of 20 glasses of chai costs ₹220 to make. Rohan sells each one for ₹15. What is the profit on each one (in ₹)?
  40. 40.Kavya’s stall took in ₹50 on Friday, ₹190 on Saturday and ₹150 on Sunday. What was the total income (in ₹)?

Answer key

  1. talk to parents
  2. 5
  3. a price board
  4. 7
  5. to know the real profit
  6. 200
  7. 120
  8. 13
  9. 72
  10. 3
  11. 120
  12. 66
  13. 28
  14. a card order paid
  15. 100
  16. 9
  17. 200
  18. 14
  19. 6
  20. income
  21. more seeds for next time
  22. 9
  23. 50
  24. a cloth banner
  25. paper cups
  26. cost + a markup
  27. expense
  28. 53
  29. 102
  30. 200
  31. Loss
  32. False
  33. a one-time cost
  34. 15
  35. 25
  36. 10
  37. what it cost you
  38. selling price
  39. 4
  40. 390

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