← 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 226 · 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.Zoya makes 8 paper bookmarks at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  3. 3.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  4. 4.It costs ₹25 to make one bag of popcorn. Ananya sells it for ₹45. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.It costs ₹43 to make one cup of lemonade. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  8. 8.One fruit cup costs Meera ₹29 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One paper bookmark costs ₹36 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  10. 10.One potted plant costs ₹45 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “what you paid for it” is the cost price. (a) False (b) True
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.It costs ₹48 to make one bag of popcorn. Riya sells it for ₹64. What is the profit on one (in ₹)?
  14. 14.It costs ₹31 to make one friendship band. On the last day Tara sells it for only ₹23. How much is the loss on one (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.It costs ₹51 to make one paper bookmark. On the last day Gurpreet sells it for only ₹48. How much is the loss on one (in ₹)?
  18. 18.It costs ₹58 to make one paper bookmark. On the last day Saanvi sells it for only ₹53. How much is the loss on one (in ₹)?
  19. 19.True or false: “money spent to get it” is the cost price. (a) True (b) False
  20. 20.One bag of popcorn costs Kavya ₹45 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹19 to make one clay diya. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.It costs ₹56 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹54. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹59 to make one glass of chai. On the last day Gurpreet sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.One clay diya costs Aarav ₹36 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One clay diya costs Gurpreet ₹49 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One paper bookmark costs ₹19 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  30. 30.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  31. 31.It costs ₹45 to make one handmade card. Dev sells it for ₹51. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.One cup of lemonade costs Arjun ₹53 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.It costs ₹17 to make one jute bag. Gurpreet sells it for ₹32. What is the profit on one (in ₹)?
  37. 37.It costs ₹14 to make one bag of popcorn. Rohan sells it for ₹23. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹15 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  39. 39.One bag of popcorn costs Zoya ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹48 to make one clay diya. Nisha sells it for ₹62. What is the profit on one (in ₹)?

Answer key

  1. 8
  2. what it cost you
  3. what the buyer pays
  4. 20
  5. selling price
  6. selling price
  7. 1
  8. Loss
  9. 38
  10. 59
  11. True
  12. True
  13. 16
  14. 8
  15. False
  16. cost price
  17. 3
  18. 5
  19. True
  20. Loss
  21. 4
  22. cost price
  23. 2
  24. cost price
  25. 5
  26. False
  27. Profit
  28. Profit
  29. 22
  30. SP less than CP
  31. 6
  32. selling price
  33. Loss
  34. SP more than CP
  35. True
  36. 15
  37. 9
  38. 20
  39. Loss
  40. 14

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