← 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 457 · 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 means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  2. 2.True or false: “what a customer pays” is the cost price. (a) True (b) False
  3. 3.It costs ₹25 to make one paper bookmark. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.True or false: “what you paid for it” is the cost price. (a) True (b) False
  7. 7.One glass of chai costs ₹38 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  8. 8.One handmade card costs Saanvi ₹52 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.Dev makes 6 jute bags at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  12. 12.True or false: “the price you sell at” is the selling price. (a) False (b) True
  13. 13.It costs ₹65 to make one cupcake. On the last day Aarav sells it for only ₹55. How much is the loss on one (in ₹)?
  14. 14.It costs ₹53 to make one cupcake. On the last day Gurpreet sells it for only ₹43. How much is the loss on one (in ₹)?
  15. 15.One bag of popcorn costs ₹9 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.One paper bookmark costs ₹58 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹70 to make one potted plant. On the last day Kabir sells it for only ₹60. How much is the loss on one (in ₹)?
  19. 19.It costs ₹11 to make one potted plant. Lakshmi sells it for ₹22. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  21. 21.It costs ₹22 to make one cupcake. On the last day Zoya sells it for only ₹19. How much is the loss on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  24. 24.Aarav makes 23 glasses of chai at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  25. 25.It costs ₹30 to make one jute bag. Zoya sells it for ₹33. What is the profit on one (in ₹)?
  26. 26.It costs ₹53 to make one friendship band. Ananya sells it for ₹71. What is the profit on one (in ₹)?
  27. 27.It costs ₹31 to make one paper bookmark. On the last day Nisha sells it for only ₹30. How much is the loss on one (in ₹)?
  28. 28.It costs ₹56 to make one handmade card. On the last day Saanvi sells it for only ₹51. How much is the loss on one (in ₹)?
  29. 29.One fruit cup costs Nisha ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One bag of popcorn costs ₹14 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
  32. 32.One handmade card costs Tara ₹58 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “money spent to get it” is the cost price. (a) True (b) False
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.It costs ₹26 to make one handmade card. Joseph sells it for ₹40. What is the profit on one (in ₹)?
  36. 36.It costs ₹11 to make one glass of chai. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  37. 37.It costs ₹27 to make one jute bag. On the last day Vihaan sells it for only ₹21. How much is the loss on one (in ₹)?
  38. 38.One cup of lemonade costs Arjun ₹21 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One glass of chai costs ₹45 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.One clay diya costs Zoya ₹53 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. what it cost you
  2. False
  3. 9
  4. SP less than CP
  5. cost price
  6. True
  7. 41
  8. Loss
  9. selling price
  10. True
  11. 90
  12. True
  13. 10
  14. 10
  15. 13
  16. cost price
  17. 74
  18. 10
  19. 11
  20. selling price
  21. 3
  22. True
  23. cost price
  24. 115
  25. 3
  26. 18
  27. 1
  28. 5
  29. Profit
  30. 15
  31. True
  32. Loss
  33. True
  34. cost price
  35. 14
  36. 5
  37. 6
  38. Loss
  39. 47
  40. Profit

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