← 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 227 · 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 on your board? (a) selling price (b) cost price
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  4. 4.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  5. 5.It costs ₹47 to make one cup of lemonade. Dev sells it for ₹52. What is the profit on one (in ₹)?
  6. 6.It costs ₹45 to make one cupcake. Kavya sells it for ₹55. What is the profit on one (in ₹)?
  7. 7.It costs ₹29 to make one paper bookmark. On the last day Riya sells it for only ₹23. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.It costs ₹15 to make one fruit cup. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  10. 10.Ananya makes 22 painted pebbles at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  11. 11.It costs ₹32 to make one friendship band. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.True or false: “the price you sell at” is the selling price. (a) False (b) True
  14. 14.It costs ₹49 to make one potted plant. Saanvi sells it for ₹51. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  16. 16.Gurpreet makes 18 cups of lemonade at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.It costs ₹12 to make one paper bookmark. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹29 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.One cup of lemonade costs ₹22 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹59 to make one bag of popcorn. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.Saanvi makes 16 bags of popcorn at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  28. 28.True or false: “money got from a sale” is the selling price. (a) True (b) False
  29. 29.It costs ₹8 to make one friendship band. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  32. 32.True or false: “what a customer pays” is the selling price. (a) False (b) True
  33. 33.One handmade card costs ₹58 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  34. 34.Meera makes 7 friendship bands at a cost of ₹19 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  35. 35.True or false: “cost of making one” is the selling price. (a) True (b) False
  36. 36.True or false: “the price on your board” is the cost price. (a) True (b) False
  37. 37.It costs ₹37 to make one glass of chai. On the last day Tara sells it for only ₹33. How much is the loss on one (in ₹)?
  38. 38.Saanvi makes 18 potted plants at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  39. 39.It costs ₹36 to make one jute bag. Riya sells it for ₹39. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs Saanvi ₹26 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. what the buyer pays
  3. cost price
  4. SP less than CP
  5. 5
  6. 10
  7. 6
  8. cost price
  9. 7
  10. 308
  11. 4
  12. selling price
  13. True
  14. 2
  15. what it cost you
  16. 126
  17. 16
  18. 35
  19. selling price
  20. cost price
  21. 36
  22. 4
  23. False
  24. selling price
  25. SP more than CP
  26. cost price
  27. 144
  28. True
  29. 3
  30. True
  31. True
  32. True
  33. 60
  34. 56
  35. False
  36. False
  37. 4
  38. 54
  39. 3
  40. Loss

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