← 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 576 · 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: money spent to get it? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.One jute bag costs ₹6 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹68 to make one cup of lemonade. On the last day Zoya sells it for only ₹60. How much is the loss on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.It costs ₹69 to make one bag of popcorn. On the last day Ishaan sells it for only ₹60. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.One paper bookmark costs ₹13 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  10. 10.It costs ₹54 to make one cupcake. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs Vihaan ₹59 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.It costs ₹9 to make one handmade card. Tara sells it for ₹29. What is the profit on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.One clay diya costs ₹27 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  17. 17.One cup of lemonade costs ₹16 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  18. 18.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  19. 19.Aarav makes 28 bags of popcorn at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  20. 20.True or false: “what a customer pays” is the cost price. (a) False (b) True
  21. 21.One paper bookmark costs Meera ₹41 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.It costs ₹27 to make one clay diya. On the last day Diya sells it for only ₹22. How much is the loss on one (in ₹)?
  24. 24.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  25. 25.It costs ₹12 to make one cupcake. Gurpreet sells it for ₹14. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.It costs ₹50 to make one painted pebble. Nisha sells it for ₹63. What is the profit on one (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.It costs ₹37 to make one friendship band. On the last day Farhan sells it for only ₹36. How much is the loss on one (in ₹)?
  31. 31.It costs ₹30 to make one bag of popcorn. On the last day Diya sells it for only ₹22. How much is the loss on one (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) True (b) False
  33. 33.It costs ₹51 to make one cup of lemonade. On the last day Ishaan sells it for only ₹47. How much is the loss on one (in ₹)?
  34. 34.One jute bag costs ₹31 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  37. 37.One cup of lemonade costs Lakshmi ₹58 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Meera makes 6 cups of lemonade at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  39. 39.It costs ₹34 to make one friendship band. On the last day Arjun sells it for only ₹28. How much is the loss on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) False (b) True

Answer key

  1. cost price
  2. selling price
  3. 19
  4. 8
  5. False
  6. 9
  7. cost price
  8. 29
  9. what it cost you
  10. 4
  11. Loss
  12. False
  13. 20
  14. True
  15. True
  16. 32
  17. 26
  18. SP less than CP
  19. 308
  20. False
  21. Profit
  22. False
  23. 5
  24. what the buyer pays
  25. 2
  26. selling price
  27. cost price
  28. 13
  29. True
  30. 1
  31. 8
  32. False
  33. 4
  34. 37
  35. cost price
  36. SP more than CP
  37. Loss
  38. 12
  39. 6
  40. True

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