← 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 519 · 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: “the price on your board” is the selling price. (a) True (b) False
  2. 2.One paper bookmark costs ₹9 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹17 to make one bag of popcorn. Kabir sells it for ₹21. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  6. 6.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.Rohan makes 24 cupcakes at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.It costs ₹17 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  11. 11.It costs ₹27 to make one cupcake. Zoya sells it for ₹37. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs ₹9 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹6 to make one cup of lemonade. Farhan sells it for ₹19. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  15. 15.Riya makes 19 clay diyas at a cost of ₹39 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  16. 16.It costs ₹15 to make one cupcake. Zoya sells it for ₹17. What is the profit on one (in ₹)?
  17. 17.One jute bag costs ₹7 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹38 to make one handmade card. Farhan sells it for ₹39. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.Vihaan makes 30 clay diyas at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.Gurpreet makes 6 cups of lemonade at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  24. 24.One potted plant costs Riya ₹25 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹19 to make one painted pebble. On the last day Aarav sells it for only ₹17. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.It costs ₹66 to make one cup of lemonade. On the last day Arjun sells it for only ₹58. How much is the loss on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the selling price. (a) False (b) True
  31. 31.It costs ₹27 to make one potted plant. Dev sells it for ₹30. What is the profit on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.One friendship band costs Meera ₹28 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹36 to make one cup of lemonade. On the last day Zoya sells it for only ₹35. How much is the loss on one (in ₹)?
  35. 35.It costs ₹23 to make one bag of popcorn. Riya sells it for ₹32. What is the profit on one (in ₹)?
  36. 36.One clay diya costs Meera ₹21 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹42 to make one cupcake. Kavya sells it for ₹53. What is the profit on one (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.One painted pebble costs Riya ₹29 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹46 to make one handmade card. On the last day Arjun sells it for only ₹37. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. 14
  3. 4
  4. selling price
  5. what the buyer pays
  6. what it cost you
  7. True
  8. 48
  9. SP less than CP
  10. 4
  11. 10
  12. 20
  13. 13
  14. selling price
  15. 114
  16. 2
  17. 22
  18. 1
  19. cost price
  20. 240
  21. 42
  22. False
  23. selling price
  24. Profit
  25. 2
  26. cost price
  27. selling price
  28. False
  29. 8
  30. False
  31. 3
  32. True
  33. Loss
  34. 1
  35. 9
  36. Profit
  37. 11
  38. True
  39. Profit
  40. 9

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