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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 7 · 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.

NameDateTime takenScore ___ / 40
  1. 1.🐷 Saving, reinvesting or spending: better paint for cards? (a) reinvesting (b) saving (c) spending
  2. 2.It costs ₹62 to make one friendship band. On the last day Farhan sells it for only ₹52. How much is the loss on one (in ₹)?
  3. 3.To make 20 handmade cards, Gurpreet spends ₹95 on card paper, ₹10 on colour pens and ₹35 on envelopes. What does one cost to make (in ₹)?
  4. 4.🐷 Saving, reinvesting or spending: a new video game? (a) saving (b) reinvesting (c) spending
  5. 5.A batch of 25 potted plants costs ₹200 to make. What does one cost to make (in ₹)?
  6. 6.A stall’s fixed costs are ₹45 and each fruit cup makes ₹3 profit. Rohan sells 25. What is the profit after paying the fixed costs (in ₹)?
  7. 7.One friendship band costs ₹56 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.📦 Why work out the cost of ONE item? (a) to spend more (b) to set a good price (c) to look clever (d) it does not matter
  9. 9.Riya’s stall made a profit of ₹1000. Riya saves 50% of it. How many rupees are saved?
  10. 10.Rohan’s income was ₹180 and the profit was ₹50. One expense was ₹70 (sugar). How much was the other expense, for transport (in ₹)?
  11. 11.It costs ₹51 to make one potted plant. On the last day Ananya sells it for only ₹43. How much is the loss on one (in ₹)?
  12. 12.True or false: “a price board” is a one-time cost. (a) False (b) True
  13. 13.One glass of chai costs Kavya ₹51 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹58 to make one painted pebble. Arjun sells it for ₹78. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.Tara’s stall made a profit of ₹500. 25% is saved, 20% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  17. 17.Kabir’s stall budget is ₹360. Seeds cost ₹40, pots cost ₹60 and sugar cost ₹90. How many rupees of the budget are left?
  18. 18.True or false: “tutoring fees received” is an expense (money out). (a) True (b) False
  19. 19.It costs ₹45 to make one clay diya. On the last day Ishaan sells it for only ₹39. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.It costs ₹16 to make one friendship band. Nisha sells it for ₹19. What is the profit on one (in ₹)?
  22. 22.A small family shop borrows ₹400 from a bank at 4% simple interest per year. How much interest is due after 2 years (in ₹)?
  23. 23.🧮 Cost of one item from a batch = (a) batch cost ÷ number (b) price − cost (c) number ÷ batch cost (d) batch cost × number
  24. 24.To make 10 paper bookmarks, Tara spends ₹5 on card paper, ₹15 on ribbon and ₹10 on stickers. What does one cost to make (in ₹)?
  25. 25.➖ Profit in your records = (a) income + expenses (b) expenses − income (c) income − expenses (d) just the income
  26. 26.One painted pebble costs ₹17 to make. Diya adds a 100% markup. What is the selling price (in ₹)?
  27. 27.📒 One-time cost or running cost: a folding table? (a) a running cost (b) a one-time cost
  28. 28.🏷️ Cost-plus pricing means… (a) cost − a markup (b) guess any price (c) cost + a markup (d) copy a rival
  29. 29.📒 Income or expense: bus fare to the market? (a) income (b) expense
  30. 30.Arjun plans to make 19 cups of lemonade. Each needs ₹3 of materials, and a banner costs ₹140 once. What total budget is needed (in ₹)?
  31. 31.Saanvi plans to make 49 handmade cards. Each needs ₹3 of materials, and a banner costs ₹110 once. What total budget is needed (in ₹)?
  32. 32.Zoya’s record for the day:
    Income: ₹210 (morning sales)
    Income: ₹240 (evening sales)
    Expense: ₹190 (sugar)
    Expense: ₹160 (paper cups)
    What is the profit (in ₹)?
  33. 33.One friendship band costs ₹16 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.A stall’s fixed costs are ₹495. Each glass of chai costs ₹25 to make and sells for ₹40. How many must be sold to break even?
  35. 35.Dev pays ₹240 for a table and a banner (fixed costs). Each paper bookmark sold makes ₹8 profit. How many must be sold to break even?
  36. 36.One jute bag costs ₹35 to make. Meera adds a 20% markup. What is the profit on one (in ₹)?
  37. 37.Which of these is a running cost? (a) paper cups (b) a price board (c) a cloth banner (d) a juicer
  38. 38.True or false: “card paper” is a one-time cost. (a) True (b) False
  39. 39.Nisha pays ₹55 for a table and a banner (fixed costs). Each cupcake sold makes ₹5 profit. How many must be sold to break even?
  40. 40.A stall’s fixed costs are ₹99. Each handmade card costs ₹9 to make and sells for ₹20. How many must be sold to break even?

Answer key

  1. reinvesting
  2. 10
  3. 7
  4. spending
  5. 8
  6. 30
  7. 61
  8. to set a good price
  9. 500
  10. 60
  11. 8
  12. True
  13. Loss
  14. 20
  15. selling price
  16. 100
  17. 170
  18. False
  19. 6
  20. cost price
  21. 3
  22. 32
  23. batch cost ÷ number
  24. 3
  25. income − expenses
  26. 34
  27. a one-time cost
  28. cost + a markup
  29. expense
  30. 197
  31. 257
  32. 100
  33. 29
  34. 33
  35. 30
  36. 7
  37. paper cups
  38. False
  39. 11
  40. 9

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