← 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 407 · 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.True or false: “money spent to get it” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  3. 3.It costs ₹19 to make one cup of lemonade. On the last day Meera sells it for only ₹10. How much is the loss on one (in ₹)?
  4. 4.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  5. 5.One bag of popcorn costs Rohan ₹33 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.True or false: “what a customer pays” is the selling price. (a) False (b) True
  7. 7.Diya makes 11 paper bookmarks at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  8. 8.It costs ₹21 to make one fruit cup. On the last day Kavya sells it for only ₹19. How much is the loss on one (in ₹)?
  9. 9.It costs ₹48 to make one paper bookmark. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.One clay diya costs ₹43 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.Tara makes 28 glasses of chai at a cost of ₹22 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  13. 13.True or false: “the price you sell at” is the selling price. (a) False (b) True
  14. 14.One handmade card costs ₹27 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.It costs ₹7 to make one glass of chai. Lakshmi sells it for ₹19. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.One paper bookmark costs ₹42 to make. Kavya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  22. 22.Nisha makes 5 painted pebbles at a cost of ₹16 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  23. 23.True or false: “the price on your board” is the cost price. (a) True (b) False
  24. 24.One paper bookmark costs Vihaan ₹31 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One bag of popcorn costs ₹13 to make. Lakshmi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  27. 27.It costs ₹25 to make one cup of lemonade. On the last day Saanvi sells it for only ₹23. How much is the loss on one (in ₹)?
  28. 28.It costs ₹60 to make one cup of lemonade. Ishaan sells it for ₹78. What is the profit on one (in ₹)?
  29. 29.It costs ₹20 to make one jute bag. On the last day Diya sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.It costs ₹44 to make one cupcake. On the last day Nisha sells it for only ₹41. How much is the loss on one (in ₹)?
  31. 31.It costs ₹9 to make one handmade card. Vihaan sells it for ₹20. What is the profit on one (in ₹)?
  32. 32.One clay diya costs Rohan ₹60 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One friendship band costs ₹17 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  34. 34.One cup of lemonade costs ₹25 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.It costs ₹30 to make one glass of chai. On the last day Tara sells it for only ₹26. How much is the loss on one (in ₹)?
  37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
  38. 38.It costs ₹15 to make one painted pebble. On the last day Riya sells it for only ₹13. How much is the loss on one (in ₹)?
  39. 39.One bag of popcorn costs Nisha ₹18 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. False
  2. what it cost you
  3. 9
  4. SP more than CP
  5. Loss
  6. True
  7. 22
  8. 2
  9. 7
  10. selling price
  11. 46
  12. 112
  13. True
  14. 41
  15. False
  16. True
  17. 12
  18. cost price
  19. 43
  20. SP less than CP
  21. cost price
  22. 45
  23. False
  24. Profit
  25. 25
  26. cost price
  27. 2
  28. 18
  29. 3
  30. 3
  31. 11
  32. Loss
  33. 33
  34. 29
  35. selling price
  36. 4
  37. True
  38. 2
  39. Loss
  40. True

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