← 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 318 · 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 ₹36 to make one bag of popcorn. Zoya sells it for ₹53. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.One potted plant costs Vihaan ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  6. 6.It costs ₹51 to make one cup of lemonade. On the last day Saanvi sells it for only ₹48. How much is the loss on one (in ₹)?
  7. 7.One potted plant costs ₹9 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  8. 8.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.It costs ₹23 to make one cup of lemonade. Diya sells it for ₹43. What is the profit on one (in ₹)?
  13. 13.Kavya makes 26 friendship bands at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  14. 14.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  15. 15.It costs ₹56 to make one potted plant. Dev sells it for ₹68. What is the profit on one (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  17. 17.One handmade card costs Farhan ₹43 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “the price on your board” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.One handmade card costs Aarav ₹33 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.True or false: “money spent to get it” is the cost price. (a) False (b) True
  23. 23.Dev makes 19 bags of popcorn at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  25. 25.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  26. 26.It costs ₹62 to make one handmade card. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  27. 27.It costs ₹54 to make one paper bookmark. Nisha sells it for ₹62. What is the profit on one (in ₹)?
  28. 28.One bag of popcorn costs Dev ₹54 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹11 to make one glass of chai. Riya sells it for ₹14. What is the profit on one (in ₹)?
  30. 30.It costs ₹50 to make one handmade card. On the last day Dev sells it for only ₹48. How much is the loss on one (in ₹)?
  31. 31.True or false: “money got from a sale” is the cost price. (a) True (b) False
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.It costs ₹17 to make one painted pebble. Diya sells it for ₹36. What is the profit on one (in ₹)?
  34. 34.It costs ₹11 to make one fruit cup. On the last day Zoya sells it for only ₹6. How much is the loss on one (in ₹)?
  35. 35.One cup of lemonade costs Meera ₹43 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹14 to make one glass of chai. Diya sells it for ₹20. What is the profit on one (in ₹)?
  37. 37.It costs ₹46 to make one cupcake. On the last day Zoya sells it for only ₹40. How much is the loss on one (in ₹)?
  38. 38.It costs ₹61 to make one friendship band. On the last day Riya sells it for only ₹52. How much is the loss on one (in ₹)?
  39. 39.Diya makes 6 jute bags at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  40. 40.It costs ₹61 to make one painted pebble. On the last day Kavya sells it for only ₹57. How much is the loss on one (in ₹)?

Answer key

  1. 17
  2. selling price
  3. Loss
  4. selling price
  5. what it cost you
  6. 3
  7. 10
  8. SP less than CP
  9. False
  10. selling price
  11. cost price
  12. 20
  13. 182
  14. what the buyer pays
  15. 12
  16. True
  17. Loss
  18. False
  19. cost price
  20. Profit
  21. True
  22. True
  23. 57
  24. selling price
  25. SP more than CP
  26. 10
  27. 8
  28. Profit
  29. 3
  30. 2
  31. False
  32. False
  33. 19
  34. 5
  35. Loss
  36. 6
  37. 6
  38. 9
  39. 72
  40. 4

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