← 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 598 · 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 wholesale price paid” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  4. 4.It costs ₹21 to make one clay diya. Aarav sells it for ₹32. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.It costs ₹58 to make one bag of popcorn. Arjun sells it for ₹78. What is the profit on one (in ₹)?
  8. 8.It costs ₹24 to make one painted pebble. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  10. 10.One handmade card costs Tara ₹21 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.It costs ₹18 to make one cup of lemonade. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  13. 13.Saanvi makes 28 bags of popcorn at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  14. 14.It costs ₹8 to make one cupcake. Arjun sells it for ₹13. What is the profit on one (in ₹)?
  15. 15.It costs ₹16 to make one paper bookmark. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  16. 16.One cup of lemonade costs Lakshmi ₹17 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.It costs ₹14 to make one bag of popcorn. Kavya sells it for ₹24. What is the profit on one (in ₹)?
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.It costs ₹28 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹27. How much is the loss on one (in ₹)?
  21. 21.Diya makes 21 fruit cups at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  22. 22.Farhan makes 14 handmade cards at a cost of ₹40 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  23. 23.Saanvi makes 16 clay diyas at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  24. 24.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  25. 25.It costs ₹13 to make one cup of lemonade. Arjun sells it for ₹14. What is the profit on one (in ₹)?
  26. 26.Ananya makes 28 clay diyas at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  27. 27.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  28. 28.It costs ₹57 to make one bag of popcorn. Joseph sells it for ₹76. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹60 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  30. 30.One cup of lemonade costs ₹14 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.Meera makes 11 glasses of chai at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  32. 32.It costs ₹12 to make one friendship band. Vihaan sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  34. 34.True or false: “money spent to get it” is the selling price. (a) False (b) True
  35. 35.It costs ₹22 to make one fruit cup. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  36. 36.One friendship band costs Zoya ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Tara makes 19 bags of popcorn at a cost of ₹34 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  38. 38.It costs ₹54 to make one cup of lemonade. Arjun sells it for ₹58. What is the profit on one (in ₹)?
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. True
  2. cost price
  3. what the buyer pays
  4. 11
  5. selling price
  6. True
  7. 20
  8. 8
  9. what it cost you
  10. Loss
  11. selling price
  12. 4
  13. 308
  14. 5
  15. 2
  16. Profit
  17. False
  18. 10
  19. False
  20. 1
  21. 231
  22. 154
  23. 48
  24. SP less than CP
  25. 1
  26. 224
  27. SP more than CP
  28. 19
  29. 66
  30. 32
  31. 121
  32. 15
  33. selling price
  34. False
  35. 2
  36. Loss
  37. 114
  38. 4
  39. True
  40. True

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