← 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 597 · 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: “what you paid for it” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.It costs ₹66 to make one cupcake. On the last day Meera sells it for only ₹59. How much is the loss on one (in ₹)?
  4. 4.It costs ₹8 to make one bag of popcorn. Kabir sells it for ₹26. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  7. 7.True or false: “the price you sell at” is the cost price. (a) False (b) True
  8. 8.It costs ₹50 to make one cupcake. On the last day Arjun sells it for only ₹45. How much is the loss on one (in ₹)?
  9. 9.It costs ₹30 to make one fruit cup. On the last day Riya sells it for only ₹28. How much is the loss on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the cost price. (a) False (b) True
  11. 11.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  12. 12.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  13. 13.Diya makes 12 paper bookmarks at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  14. 14.It costs ₹54 to make one clay diya. Riya sells it for ₹69. What is the profit on one (in ₹)?
  15. 15.It costs ₹13 to make one painted pebble. Saanvi sells it for ₹25. What is the profit on one (in ₹)?
  16. 16.It costs ₹50 to make one paper bookmark. Riya sells it for ₹59. What is the profit on one (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) True (b) False
  18. 18.Lakshmi makes 25 friendship bands at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  19. 19.It costs ₹38 to make one fruit cup. On the last day Diya sells it for only ₹29. How much is the loss on one (in ₹)?
  20. 20.Tara makes 9 paper bookmarks at a cost of ₹30 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.It costs ₹30 to make one bag of popcorn. Tara sells it for ₹43. What is the profit on one (in ₹)?
  23. 23.Joseph makes 29 handmade cards at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  24. 24.It costs ₹31 to make one cupcake. On the last day Kavya sells it for only ₹22. How much is the loss on one (in ₹)?
  25. 25.One jute bag costs ₹39 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  27. 27.True or false: “what a customer pays” is the selling price. (a) False (b) True
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.It costs ₹23 to make one cupcake. On the last day Diya sells it for only ₹22. How much is the loss on one (in ₹)?
  30. 30.One fruit cup costs ₹9 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  33. 33.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.True or false: “the price you sell at” is the selling price. (a) False (b) True
  36. 36.It costs ₹53 to make one glass of chai. Riya sells it for ₹70. What is the profit on one (in ₹)?
  37. 37.Vihaan makes 8 fruit cups at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.It costs ₹11 to make one handmade card. Nisha sells it for ₹18. What is the profit on one (in ₹)?
  40. 40.One handmade card costs Arjun ₹21 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. cost price
  3. 7
  4. 18
  5. cost price
  6. what it cost you
  7. False
  8. 5
  9. 2
  10. True
  11. what the buyer pays
  12. SP more than CP
  13. 108
  14. 15
  15. 12
  16. 9
  17. False
  18. 225
  19. 9
  20. 54
  21. True
  22. 13
  23. 319
  24. 9
  25. 53
  26. selling price
  27. True
  28. True
  29. 1
  30. 20
  31. cost price
  32. selling price
  33. SP less than CP
  34. True
  35. True
  36. 17
  37. 96
  38. True
  39. 7
  40. Loss

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