← 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 325 · 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 ₹18 to make one bag of popcorn. Saanvi sells it for ₹19. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  4. 4.One jute bag costs Kabir ₹23 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.True or false: “what you paid for it” is the cost price. (a) True (b) False
  6. 6.It costs ₹16 to make one jute bag. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  7. 7.One potted plant costs ₹12 to make. Ananya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.True or false: “the price you sell at” is the cost price. (a) False (b) True
  10. 10.True or false: “what a customer pays” is the selling price. (a) False (b) True
  11. 11.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  12. 12.One bag of popcorn costs ₹31 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.Ananya makes 18 fruit cups at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.It costs ₹24 to make one painted pebble. On the last day Riya sells it for only ₹22. How much is the loss on one (in ₹)?
  18. 18.One bag of popcorn costs Gurpreet ₹16 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One handmade card costs Lakshmi ₹24 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹16 to make one paper bookmark. Nisha sells it for ₹21. What is the profit on one (in ₹)?
  21. 21.True or false: “money got from a sale” is the cost price. (a) True (b) False
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.Aarav makes 16 painted pebbles at a cost of ₹26 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  26. 26.It costs ₹15 to make one glass of chai. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  27. 27.True or false: “money spent to get it” is the cost price. (a) True (b) False
  28. 28.It costs ₹21 to make one handmade card. Joseph sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  30. 30.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.It costs ₹47 to make one glass of chai. On the last day Joseph sells it for only ₹39. How much is the loss on one (in ₹)?
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.It costs ₹38 to make one paper bookmark. Vihaan sells it for ₹53. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  36. 36.Dev makes 20 painted pebbles at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price on your board” is the selling price. (a) True (b) False
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.It costs ₹22 to make one painted pebble. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  40. 40.Farhan makes 26 glasses of chai at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?

Answer key

  1. 1
  2. cost price
  3. selling price
  4. Profit
  5. True
  6. 19
  7. 24
  8. selling price
  9. False
  10. True
  11. True
  12. 40
  13. cost price
  14. 108
  15. selling price
  16. True
  17. 2
  18. Loss
  19. Profit
  20. 5
  21. False
  22. False
  23. SP less than CP
  24. False
  25. 128
  26. 10
  27. True
  28. 9
  29. SP more than CP
  30. what the buyer pays
  31. cost price
  32. 8
  33. False
  34. 15
  35. what it cost you
  36. 240
  37. True
  38. True
  39. 11
  40. 182

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