← 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 221 · 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.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  2. 2.True or false: “cost of making one” is the selling price. (a) True (b) False
  3. 3.It costs ₹54 to make one bag of popcorn. On the last day Saanvi sells it for only ₹44. How much is the loss on one (in ₹)?
  4. 4.Farhan makes 5 painted pebbles at a cost of ₹39 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  5. 5.It costs ₹55 to make one jute bag. Riya sells it for ₹73. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹13 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  7. 7.Vihaan makes 22 cups of lemonade at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  9. 9.True or false: “cost of making one” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  11. 11.True or false: “money spent to get it” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  16. 16.Kabir makes 9 bags of popcorn at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  17. 17.One cupcake costs ₹41 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  18. 18.One bag of popcorn costs Zoya ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  20. 20.One cupcake costs Joseph ₹16 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹44 to make one bag of popcorn. Saanvi sells it for ₹45. What is the profit on one (in ₹)?
  22. 22.One handmade card costs Gurpreet ₹29 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.One paper bookmark costs Lakshmi ₹43 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
  28. 28.It costs ₹44 to make one handmade card. Meera sells it for ₹51. What is the profit on one (in ₹)?
  29. 29.One cup of lemonade costs Diya ₹28 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  31. 31.It costs ₹51 to make one cupcake. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.It costs ₹18 to make one friendship band. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  34. 34.One paper bookmark costs Farhan ₹40 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹57 to make one fruit cup. Kabir sells it for ₹76. What is the profit on one (in ₹)?
  36. 36.It costs ₹22 to make one clay diya. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  37. 37.One friendship band costs Nisha ₹33 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Saanvi makes 8 handmade cards at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.One paper bookmark costs ₹11 to make. Nisha wants a profit of ₹17 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. False
  3. 10
  4. 5
  5. 18
  6. 26
  7. 132
  8. what it cost you
  9. True
  10. selling price
  11. True
  12. cost price
  13. False
  14. SP less than CP
  15. True
  16. 18
  17. 55
  18. Loss
  19. SP more than CP
  20. Profit
  21. 1
  22. Loss
  23. False
  24. cost price
  25. Loss
  26. selling price
  27. True
  28. 7
  29. Profit
  30. selling price
  31. 3
  32. cost price
  33. 10
  34. Profit
  35. 19
  36. 12
  37. Loss
  38. 120
  39. selling price
  40. 28

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