← 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 128 · 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.It costs ₹6 to make one handmade card. Kabir sells it for ₹19. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.True or false: “the price on your board” is the selling price. (a) False (b) True
  4. 4.True or false: “the price you sell at” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.Nisha makes 19 cups of lemonade at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  7. 7.It costs ₹59 to make one cupcake. On the last day Vihaan sells it for only ₹58. How much is the loss on one (in ₹)?
  8. 8.It costs ₹38 to make one bag of popcorn. Dev sells it for ₹47. What is the profit on one (in ₹)?
  9. 9.Tara makes 12 glasses of chai at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.It costs ₹14 to make one bag of popcorn. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  13. 13.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.One cup of lemonade costs ₹37 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  16. 16.One paper bookmark costs Kavya ₹25 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.It costs ₹12 to make one fruit cup. Kavya sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the selling price. (a) True (b) False
  20. 20.It costs ₹10 to make one potted plant. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.Nisha makes 12 cupcakes at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.It costs ₹22 to make one handmade card. On the last day Tara sells it for only ₹12. How much is the loss on one (in ₹)?
  27. 27.It costs ₹52 to make one glass of chai. Tara sells it for ₹57. What is the profit on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.True or false: “the price you sell at” is the selling price. (a) False (b) True
  30. 30.It costs ₹22 to make one potted plant. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs ₹51 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  32. 32.One clay diya costs ₹39 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹46 to make one clay diya. Nisha sells it for ₹54. What is the profit on one (in ₹)?
  34. 34.It costs ₹33 to make one paper bookmark. Dev sells it for ₹35. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹48 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.One cupcake costs Aarav ₹49 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “what a customer pays” is the selling price. (a) True (b) False
  40. 40.It costs ₹26 to make one cupcake. On the last day Farhan sells it for only ₹23. How much is the loss on one (in ₹)?

Answer key

  1. 13
  2. selling price
  3. True
  4. False
  5. cost price
  6. 190
  7. 1
  8. 9
  9. 108
  10. cost price
  11. 7
  12. selling price
  13. what it cost you
  14. False
  15. 44
  16. Profit
  17. cost price
  18. 19
  19. False
  20. 4
  21. SP more than CP
  22. selling price
  23. selling price
  24. 60
  25. False
  26. 10
  27. 5
  28. False
  29. True
  30. 4
  31. 63
  32. 44
  33. 8
  34. 2
  35. 58
  36. cost price
  37. False
  38. Loss
  39. True
  40. 3

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