← 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 392 · 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) cost price (b) selling price
  2. 2.One cup of lemonade costs Lakshmi ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.One potted plant costs Riya ₹25 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  7. 7.One cupcake costs Arjun ₹31 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  11. 11.One painted pebble costs Farhan ₹35 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.Tara makes 10 bags of popcorn at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.True or false: “what a customer pays” is the selling price. (a) False (b) True
  15. 15.One cup of lemonade costs Meera ₹40 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹54 to make one bag of popcorn. Arjun sells it for ₹67. What is the profit on one (in ₹)?
  17. 17.It costs ₹42 to make one fruit cup. On the last day Arjun sells it for only ₹32. How much is the loss on one (in ₹)?
  18. 18.It costs ₹54 to make one bag of popcorn. On the last day Ananya sells it for only ₹47. How much is the loss on one (in ₹)?
  19. 19.One fruit cup costs ₹60 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  20. 20.Ananya makes 18 friendship bands at a cost of ₹13 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.It costs ₹50 to make one handmade card. Diya sells it for ₹53. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹46 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹12 to make one fruit cup. Vihaan sells it for ₹19. What is the profit on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.Meera makes 18 cupcakes at a cost of ₹22 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  26. 26.Kavya makes 21 potted plants at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
  28. 28.Saanvi makes 27 cups of lemonade at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  29. 29.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  30. 30.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.Zoya makes 30 friendship bands at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.True or false: “money spent to get it” is the selling price. (a) False (b) True
  34. 34.Gurpreet makes 11 glasses of chai at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  35. 35.One handmade card costs ₹18 to make. Farhan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.It costs ₹6 to make one painted pebble. Saanvi sells it for ₹9. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹50 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  40. 40.One potted plant costs ₹38 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. Loss
  3. selling price
  4. False
  5. Loss
  6. SP more than CP
  7. Loss
  8. selling price
  9. False
  10. SP less than CP
  11. Profit
  12. 140
  13. selling price
  14. True
  15. Loss
  16. 13
  17. 10
  18. 7
  19. 80
  20. 162
  21. 3
  22. 60
  23. 7
  24. False
  25. 144
  26. 252
  27. True
  28. 324
  29. what the buyer pays
  30. what it cost you
  31. cost price
  32. 360
  33. False
  34. 66
  35. 34
  36. cost price
  37. True
  38. 3
  39. 66
  40. 39

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