← Cost price, selling price, profit and loss lesson New set →

Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 102 · 40 questions
TalentJR

Business tip (SP minus CP): Profit = selling price − cost price (when SP is more than CP). Loss = cost price − selling price (when SP is less than CP) — we always say “a loss of ₹…”, never a minus sign. Total profit = profit on one × number sold. Selling price needed = cost + profit wanted.

NameDateTime takenScore ___ / 40
  1. 1.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  2. 2.True or false: “cost of making one” is the selling price. (a) True (b) False
  3. 3.True or false: “what you paid for it” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  6. 6.One clay diya costs Rohan ₹57 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One bag of popcorn costs Dev ₹43 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹40 to make one cupcake. Vihaan sells it for ₹43. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  11. 11.Arjun makes 11 glasses of chai at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.One jute bag costs Farhan ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One jute bag costs ₹9 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  15. 15.Vihaan makes 22 handmade cards at a cost of ₹29 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  16. 16.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  17. 17.It costs ₹24 to make one handmade card. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  21. 21.It costs ₹59 to make one painted pebble. On the last day Farhan sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.It costs ₹35 to make one potted plant. Dev sells it for ₹38. What is the profit on one (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.One potted plant costs ₹21 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  26. 26.One paper bookmark costs Meera ₹56 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One paper bookmark costs Meera ₹29 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.It costs ₹41 to make one fruit cup. On the last day Zoya sells it for only ₹37. How much is the loss on one (in ₹)?
  30. 30.It costs ₹59 to make one cupcake. Kabir sells it for ₹71. What is the profit on one (in ₹)?
  31. 31.It costs ₹31 to make one bag of popcorn. On the last day Dev sells it for only ₹25. How much is the loss on one (in ₹)?
  32. 32.True or false: “what a customer pays” is the cost price. (a) True (b) False
  33. 33.One painted pebble costs ₹60 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹28 to make one handmade card. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  35. 35.It costs ₹24 to make one cup of lemonade. On the last day Arjun sells it for only ₹16. How much is the loss on one (in ₹)?
  36. 36.True or false: “the price you sell at” is the selling price. (a) False (b) True
  37. 37.One clay diya costs Aarav ₹27 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Vihaan makes 9 paper bookmarks at a cost of ₹23 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  39. 39.One paper bookmark costs Riya ₹52 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹54 to make one painted pebble. On the last day Ishaan sells it for only ₹47. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. False
  3. True
  4. cost price
  5. what the buyer pays
  6. Profit
  7. Loss
  8. 3
  9. cost price
  10. what it cost you
  11. 143
  12. True
  13. Loss
  14. 12
  15. 176
  16. SP more than CP
  17. 9
  18. False
  19. cost price
  20. SP less than CP
  21. 3
  22. 3
  23. True
  24. selling price
  25. 30
  26. Loss
  27. Loss
  28. True
  29. 4
  30. 12
  31. 6
  32. False
  33. 76
  34. 9
  35. 8
  36. True
  37. Loss
  38. 126
  39. Loss
  40. 7

Free entrepreneurship lessons, practice and worksheets at talentjr.in/entrepreneurship-for-kids