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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 8 · 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.

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  1. 1.A batch of 10 handmade cards costs ₹40 to make. Dev sells all 10 at ₹10 each. What is the total profit on the batch (in ₹)?
  2. 2.One potted plant costs ₹38 to make. Lakshmi adds a 50% markup. What is the selling price (in ₹)?
  3. 3.A stall’s fixed costs are ₹32. Each bag of popcorn costs ₹5 to make and sells for ₹7. How many must be sold to break even?
  4. 4.📆 Why repay a loan on time? (a) it does not matter (b) to keep trust (c) to lose friends (d) to pay more interest
  5. 5.One bag of popcorn costs ₹35 to make and Kabir sells it for ₹42. What is the markup in percent?
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.One friendship band costs ₹21 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  8. 8.🔍 Which is the odd one out? (a) seeds and soil (b) a cooler box (c) a folding table (d) a cloth banner
  9. 9.Saanvi pays ₹140 for a table and a banner (fixed costs). Each glass of chai sold makes ₹7 profit. How many must be sold to break even?
  10. 10.A batch of 20 cupcakes costs ₹100 to make. What does one cost to make (in ₹)?
  11. 11.Nisha’s stall made a profit of ₹800. Nisha saves 50% of it. How many rupees are saved?
  12. 12.One cupcake costs ₹52 to make. Joseph adds a 25% markup. What is the profit on one (in ₹)?
  13. 13.True or false: “tea leaves and milk” is a running cost. (a) True (b) False
  14. 14.A batch of 20 glasses of chai costs ₹160 to make. What does one cost to make (in ₹)?
  15. 15.Ishaan pays ₹217 for a table and a banner (fixed costs). Each glass of chai sold makes ₹7 profit. How many must be sold to break even?
  16. 16.Meera’s stall budget is ₹560. Paper cups cost ₹40, pots cost ₹290 and lemons cost ₹220. How many rupees of the budget are left?
  17. 17.Arjun’s stall made a profit of ₹700. 10% is saved, 40% is reinvested in the stall and the rest is spent. How many rupees are reinvested?
  18. 18.A batch of 50 handmade cards costs ₹100 to make. What does one cost to make (in ₹)?
  19. 19.Which of these is an expense (money out)? (a) payment for a cake order (b) money from sales (c) buying lemons (d) tutoring fees received
  20. 20.One handmade card costs ₹48 to make and Ananya sells it for ₹72. What is the markup in percent?
  21. 21.A batch of 50 glasses of chai costs ₹400 to make. Kabir sells all 50 at ₹10 each. What is the total profit on the batch (in ₹)?
  22. 22.🔁 Reinvesting means… (a) hiding it (b) giving it away (c) spending it on games (d) putting profit back in
  23. 23.To make 10 cups of lemonade, Arjun spends ₹35 on lemons, ₹15 on sugar and ₹40 on paper cups. What does one cost to make (in ₹)?
  24. 24.True or false: “bus fare to the market” is income (money in). (a) True (b) False
  25. 25.One paper bookmark costs ₹15 to make. Saanvi adds a 100% markup. What is the selling price (in ₹)?
  26. 26.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  27. 27.One cupcake costs ₹35 to make. Riya adds a 20% markup. What is the selling price (in ₹)?
  28. 28.A small family shop borrows ₹800 from a bank at 10% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  29. 29.True or false: “the price you sell at” is the selling price. (a) True (b) False
  30. 30.📉 A price below the cost leads to… (a) a profit (b) break-even (c) a loss (d) free stock
  31. 31.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  32. 32.Ananya has ₹470 to spend on packs of cups. One pack of cups costs ₹8. What is the greatest number of packs of cups Ananya can buy?
  33. 33.Gurpreet’s stall budget is ₹1040. Paper cups cost ₹190, napkins cost ₹290 and lemons cost ₹270. How many rupees of the budget are left?
  34. 34.Which of these is a one-time cost? (a) card paper (b) lemons (c) ice (d) a cooler box
  35. 35.One potted plant costs ₹24 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  36. 36.🔍 Which is the odd one out? (a) a cloth banner (b) ice (c) a cash box (d) a juicer
  37. 37.One potted plant costs ₹30 to make. Arjun adds a 20% markup. What is the selling price (in ₹)?
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  39. 39.Which of these is reinvesting in the business? (a) better paint for cards (b) a new video game (c) an emergency fund (d) a piggy bank for later
  40. 40.🔢 Break-even number of items = (a) fixed cost ÷ profit (b) fixed cost × profit (c) profit − fixed cost (d) price ÷ cost

Answer key

  1. 60
  2. 57
  3. 16
  4. to keep trust
  5. 20
  6. True
  7. 40
  8. seeds and soil
  9. 20
  10. 5
  11. 400
  12. 13
  13. True
  14. 8
  15. 31
  16. 10
  17. 280
  18. 2
  19. buying lemons
  20. 50
  21. 100
  22. putting profit back in
  23. 9
  24. False
  25. 30
  26. saving
  27. 42
  28. 1040
  29. True
  30. a loss
  31. what it cost you
  32. 58
  33. 290
  34. a cooler box
  35. 30
  36. ice
  37. 36
  38. cost price
  39. better paint for cards
  40. fixed cost ÷ profit

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