← 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 58 · 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) cost price (b) selling price
  2. 2.True or false: “what you paid for it” is the cost price. (a) True (b) False
  3. 3.Tara makes 25 fruit cups at a cost of ₹39 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  4. 4.Lakshmi makes 6 paper bookmarks at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  5. 5.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  6. 6.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  9. 9.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  10. 10.It costs ₹15 to make one jute bag. Aarav sells it for ₹21. What is the profit on one (in ₹)?
  11. 11.It costs ₹50 to make one jute bag. On the last day Vihaan sells it for only ₹42. How much is the loss on one (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.True or false: “the price on your board” is the selling price. (a) False (b) True
  14. 14.Tara makes 19 glasses of chai at a cost of ₹38 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.Riya makes 7 bags of popcorn at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.One clay diya costs ₹12 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  18. 18.One paper bookmark costs ₹50 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “cost of making one” is the cost price. (a) True (b) False
  20. 20.It costs ₹58 to make one handmade card. On the last day Kavya sells it for only ₹53. How much is the loss on one (in ₹)?
  21. 21.One glass of chai costs Dev ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.One fruit cup costs Meera ₹25 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One cup of lemonade costs Arjun ₹39 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹28 to make one handmade card. Rohan sells it for ₹35. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.It costs ₹31 to make one fruit cup. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.One painted pebble costs ₹37 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.It costs ₹43 to make one cup of lemonade. Joseph sells it for ₹53. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  35. 35.It costs ₹7 to make one paper bookmark. Aarav sells it for ₹16. What is the profit on one (in ₹)?
  36. 36.It costs ₹13 to make one fruit cup. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?
  37. 37.Kabir makes 28 painted pebbles at a cost of ₹40 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  38. 38.It costs ₹36 to make one painted pebble. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  39. 39.It costs ₹60 to make one jute bag. Diya sells it for ₹74. What is the profit on one (in ₹)?
  40. 40.It costs ₹32 to make one jute bag. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. True
  3. 150
  4. 24
  5. SP less than CP
  6. what the buyer pays
  7. False
  8. what it cost you
  9. SP more than CP
  10. 6
  11. 8
  12. False
  13. True
  14. 57
  15. cost price
  16. 77
  17. 30
  18. 64
  19. True
  20. 5
  21. Loss
  22. True
  23. False
  24. False
  25. Loss
  26. Profit
  27. 7
  28. cost price
  29. cost price
  30. 1
  31. 53
  32. selling price
  33. 10
  34. selling price
  35. 9
  36. 2
  37. 168
  38. 4
  39. 14
  40. 3

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