← 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 36 · 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 ₹15 to make one paper bookmark. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  3. 3.One friendship band costs ₹38 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.It costs ₹13 to make one cup of lemonade. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.It costs ₹29 to make one cupcake. On the last day Riya sells it for only ₹20. How much is the loss on one (in ₹)?
  8. 8.One painted pebble costs ₹23 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.It costs ₹23 to make one handmade card. Gurpreet sells it for ₹30. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs Kavya ₹28 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One jute bag costs Zoya ₹17 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.True or false: “what you paid for it” is the cost price. (a) True (b) False
  16. 16.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  17. 17.True or false: “money got from a sale” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹14 to make one handmade card. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the selling price. (a) True (b) False
  21. 21.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.Diya makes 9 cupcakes at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  25. 25.Joseph makes 27 glasses of chai at a cost of ₹35 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  28. 28.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  29. 29.One friendship band costs ₹49 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) False (b) True
  31. 31.One bag of popcorn costs Dev ₹16 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One fruit cup costs Riya ₹43 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One bag of popcorn costs ₹46 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.One fruit cup costs Lakshmi ₹53 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹54 to make one potted plant. On the last day Zoya sells it for only ₹46. How much is the loss on one (in ₹)?
  36. 36.One handmade card costs ₹54 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.Ishaan makes 23 bags of popcorn at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.One painted pebble costs ₹51 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  39. 39.One potted plant costs ₹6 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.One cup of lemonade costs Nisha ₹29 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 5
  2. SP more than CP
  3. 53
  4. False
  5. 2
  6. selling price
  7. 9
  8. 34
  9. True
  10. selling price
  11. 7
  12. Loss
  13. Loss
  14. selling price
  15. True
  16. SP less than CP
  17. False
  18. cost price
  19. 19
  20. False
  21. what it cost you
  22. cost price
  23. True
  24. 99
  25. 270
  26. cost price
  27. False
  28. what the buyer pays
  29. 50
  30. True
  31. Profit
  32. Loss
  33. 62
  34. Profit
  35. 8
  36. 59
  37. 207
  38. 63
  39. 11
  40. Loss

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