← 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 23 · 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.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.True or false: “what you paid for it” is the cost price. (a) True (b) False
  5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  6. 6.True or false: “cost of making one” is the selling price. (a) True (b) False
  7. 7.It costs ₹30 to make one painted pebble. Diya sells it for ₹38. What is the profit on one (in ₹)?
  8. 8.True or false: “money got from a sale” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹67 to make one bag of popcorn. On the last day Rohan sells it for only ₹60. How much is the loss on one (in ₹)?
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.One glass of chai costs ₹44 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹42 to make one bag of popcorn. Tara sells it for ₹46. What is the profit on one (in ₹)?
  15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  17. 17.Ishaan makes 18 bags of popcorn at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.It costs ₹8 to make one paper bookmark. Dev sells it for ₹16. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs Zoya ₹32 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹11 to make one cup of lemonade. On the last day Dev sells it for only ₹9. How much is the loss on one (in ₹)?
  22. 22.One cup of lemonade costs Meera ₹46 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Zoya makes 15 jute bags at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  24. 24.One paper bookmark costs ₹5 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹35 to make one bag of popcorn. Aarav sells it for ₹37. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  27. 27.It costs ₹35 to make one handmade card. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  28. 28.True or false: “money got from a sale” is the selling price. (a) True (b) False
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  31. 31.Gurpreet makes 18 cupcakes at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  32. 32.True or false: “what a customer pays” is the selling price. (a) False (b) True
  33. 33.One friendship band costs ₹17 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.It costs ₹53 to make one cupcake. On the last day Lakshmi sells it for only ₹43. How much is the loss on one (in ₹)?
  37. 37.Riya makes 25 glasses of chai at a cost of ₹19 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.Gurpreet makes 23 handmade cards at a cost of ₹23 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.It costs ₹21 to make one paper bookmark. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?

Answer key

  1. SP less than CP
  2. selling price
  3. selling price
  4. True
  5. what the buyer pays
  6. False
  7. 8
  8. False
  9. cost price
  10. 7
  11. SP more than CP
  12. selling price
  13. 50
  14. 4
  15. False
  16. what it cost you
  17. 108
  18. True
  19. 8
  20. Loss
  21. 2
  22. Loss
  23. 30
  24. 16
  25. 2
  26. cost price
  27. 6
  28. True
  29. False
  30. selling price
  31. 270
  32. True
  33. 18
  34. cost price
  35. False
  36. 10
  37. 25
  38. cost price
  39. 299
  40. 10

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