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Business Maths for Kids Worksheet: Part 2 Test

Entrepreneurship lesson 16: Part 2 test: money in a business · Set 9 · 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.It costs ₹42 to make one friendship band. On the last day Tara sells it for only ₹40. How much is the loss on one (in ₹)?
  2. 2.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  3. 3.Kavya’s income was ₹200 and the profit was ₹150. One expense was ₹10 (paper cups). How much was the other expense, for transport (in ₹)?
  4. 4.🔍 Which is the odd one out? (a) card paper (b) a cash box (c) paper cups (d) ice
  5. 5.💡 Before borrowing, what should you ask? (a) how fast can I spend? (b) what is the logo? (c) can I pay it back? (d) nothing
  6. 6.A stall’s fixed costs are ₹76. Each potted plant costs ₹15 to make and sells for ₹17. How many must be sold to break even?
  7. 7.One cup of lemonade costs ₹32 to make. Zoya adds a 25% markup. What is the selling price (in ₹)?
  8. 8.Zoya’s stall budget is ₹920. Lemons cost ₹300, paper cups cost ₹250 and card paper cost ₹150. How many rupees of the budget are left?
  9. 9.One potted plant costs ₹30 to make and Riya sells it for ₹45. What is the markup in percent?
  10. 10.🧮 A 50% markup on a ₹20 cost adds… (a) 20 rupees (b) 5 rupees (c) 50 rupees (d) 10 rupees
  11. 11.🎉 After the break-even point, each extra item sold… (a) adds profit (b) is free (c) changes nothing (d) adds loss
  12. 12.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  13. 13.A stall’s fixed costs are ₹60 and each glass of chai makes ₹2 profit. Rohan has sold 28 glasses of chai so far. Has the stall broken even yet? (a) Yes (b) No
  14. 14.📉 A price below the cost leads to… (a) a profit (b) free stock (c) a loss (d) break-even
  15. 15.One jute bag costs ₹20 to make and Nisha sells it for ₹24. What is the markup in percent?
  16. 16.True or false: “a card order paid” is an expense (money out). (a) False (b) True
  17. 17.🐷 Saving, reinvesting or spending: a piggy bank for later? (a) reinvesting (b) saving (c) spending
  18. 18.One clay diya costs ₹25 to make. Joseph adds a 20% markup. What is the selling price (in ₹)?
  19. 19.A batch of 25 handmade cards costs ₹75 to make. What does one cost to make (in ₹)?
  20. 20.📒 Income or expense: a card order paid? (a) income (b) expense
  21. 21.Kabir plans to make 15 fruit cups. Each needs ₹5 of materials, and a banner costs ₹240 once. What total budget is needed (in ₹)?
  22. 22.Aarav has a budget of ₹1000. The stock costs ₹220 and the stall fee is ₹790. Is the budget enough? (a) Yes (b) No
  23. 23.A batch of 25 fruit cups costs ₹275 to make. What does one cost to make (in ₹)?
  24. 24.Vihaan makes 25 bags of popcorn at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  25. 25.One friendship band costs ₹13 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  26. 26.👪 A teen wants to borrow for a business idea. First step? (a) ask strangers (b) borrow online alone (c) talk to parents (d) take it secretly
  27. 27.A stall’s fixed costs are ₹504 and each glass of chai makes ₹14 profit. Kavya sells 56. What is the profit after paying the fixed costs (in ₹)?
  28. 28.Kavya plans to make 21 potted plants. Each needs ₹5 of materials, and a banner costs ₹70 once. What total budget is needed (in ₹)?
  29. 29.A small family shop borrows ₹700 from a bank at 8% simple interest per year. How much must it pay back in all after 3 years (in ₹)?
  30. 30.Rohan makes 18 cups of lemonade at a cost of ₹10 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  31. 31.A batch of 25 glasses of chai costs ₹75 to make. Ananya sells all 25 at ₹11 each. What is the total profit on the batch (in ₹)?
  32. 32.One cup of lemonade costs Saanvi ₹41 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🔁 Making a bigger batch usually makes each item… (a) always the same (b) free (c) a little cheaper (d) much costlier
  34. 34.True or false: “seeds and soil” is a running cost. (a) False (b) True
  35. 35.Kabir’s record for the day:
    Income: ₹200 (morning sales)
    Income: ₹50 (evening sales)
    Expense: ₹40 (card paper)
    Expense: ₹30 (sugar)
    What is the profit (in ₹)?
  36. 36.Aarav has a budget of ₹700. The stock costs ₹290 and the stall fee is ₹420. Is the budget enough? (a) No (b) Yes
  37. 37.One fruit cup costs ₹35 to make and Nisha sells it for ₹42. What is the markup in percent?
  38. 38.🐷 Saving, reinvesting or spending: a cinema ticket? (a) saving (b) reinvesting (c) spending
  39. 39.A batch of 20 handmade cards costs ₹220 to make. What does one cost to make (in ₹)?
  40. 40.📒 Income or expense: tutoring fees received? (a) expense (b) income

Answer key

  1. 2
  2. what the buyer pays
  3. 40
  4. a cash box
  5. can I pay it back?
  6. 38
  7. 40
  8. 220
  9. 50
  10. 10 rupees
  11. adds profit
  12. SP less than CP
  13. No
  14. a loss
  15. 20
  16. False
  17. saving
  18. 30
  19. 3
  20. income
  21. 315
  22. No
  23. 11
  24. 75
  25. 27
  26. talk to parents
  27. 280
  28. 175
  29. 868
  30. 270
  31. 200
  32. Loss
  33. a little cheaper
  34. True
  35. 180
  36. No
  37. 20
  38. spending
  39. 11
  40. income

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