← 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 552 · 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 cost price. (a) True (b) False
  2. 2.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  5. 5.It costs ₹30 to make one clay diya. On the last day Aarav sells it for only ₹29. How much is the loss on one (in ₹)?
  6. 6.Zoya makes 29 glasses of chai at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  7. 7.It costs ₹32 to make one cup of lemonade. Riya sells it for ₹51. What is the profit on one (in ₹)?
  8. 8.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  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.True or false: “what a customer pays” is the cost price. (a) False (b) True
  11. 11.True or false: “the price on your board” is the selling price. (a) True (b) False
  12. 12.It costs ₹64 to make one clay diya. On the last day Dev sells it for only ₹59. How much is the loss on one (in ₹)?
  13. 13.True or false: “money spent to get it” is the selling price. (a) False (b) True
  14. 14.It costs ₹21 to make one fruit cup. Meera sells it for ₹34. What is the profit on one (in ₹)?
  15. 15.One paper bookmark costs Ishaan ₹27 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “money got from a sale” is the cost price. (a) False (b) True
  17. 17.One bag of popcorn costs Riya ₹54 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.Farhan makes 10 friendship bands at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  19. 19.One glass of chai costs Kavya ₹51 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One cupcake costs Aarav ₹57 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One glass of chai costs ₹31 to make. Saanvi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹22 to make one painted pebble. Kavya sells it for ₹32. What is the profit on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.Dev makes 15 jute bags at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  26. 26.It costs ₹47 to make one potted plant. On the last day Farhan sells it for only ₹43. How much is the loss on one (in ₹)?
  27. 27.One glass of chai costs Arjun ₹21 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One clay diya costs Rohan ₹49 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One cupcake costs ₹55 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  30. 30.One fruit cup costs ₹32 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹21 to make one cup of lemonade. On the last day Kabir sells it for only ₹15. How much is the loss on one (in ₹)?
  32. 32.It costs ₹18 to make one jute bag. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.True or false: “what you paid for it” is the cost price. (a) False (b) True
  36. 36.True or false: “cost of making one” is the cost price. (a) True (b) False
  37. 37.True or false: “what a customer pays” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  39. 39.One clay diya costs Kabir ₹19 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹41 to make one jute bag. On the last day Gurpreet sells it for only ₹39. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. SP more than CP
  3. False
  4. what it cost you
  5. 1
  6. 116
  7. 19
  8. what the buyer pays
  9. SP less than CP
  10. False
  11. True
  12. 5
  13. False
  14. 13
  15. Loss
  16. False
  17. Loss
  18. 70
  19. Loss
  20. Loss
  21. 51
  22. 10
  23. False
  24. cost price
  25. 45
  26. 4
  27. Loss
  28. Loss
  29. 71
  30. 49
  31. 6
  32. 12
  33. cost price
  34. False
  35. True
  36. True
  37. True
  38. selling price
  39. Loss
  40. 2

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