← 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 63 · 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: “money spent to get it” is the cost price. (a) True (b) False
  2. 2.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  3. 3.True or false: “what a customer pays” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  6. 6.One bag of popcorn costs ₹27 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹42 to make one clay diya. Vihaan sells it for ₹59. What is the profit on one (in ₹)?
  8. 8.It costs ₹35 to make one jute bag. On the last day Meera sells it for only ₹28. How much is the loss on one (in ₹)?
  9. 9.One cup of lemonade costs Kabir ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.One cupcake costs ₹37 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  12. 12.Aarav makes 14 cups of lemonade at a cost of ₹30 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  13. 13.It costs ₹19 to make one jute bag. Farhan sells it for ₹31. What is the profit on one (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.One potted plant costs ₹24 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  16. 16.One cup of lemonade costs Riya ₹50 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹25 to make one paper bookmark. Gurpreet sells it for ₹26. What is the profit on one (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  21. 21.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  22. 22.One glass of chai costs ₹30 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹26 to make one potted plant. On the last day Rohan sells it for only ₹19. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs ₹43 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  25. 25.One handmade card costs Ishaan ₹44 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Dev makes 15 paper bookmarks at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  28. 28.It costs ₹9 to make one handmade card. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  29. 29.It costs ₹25 to make one paper bookmark. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs Aarav ₹45 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹33 to make one paper bookmark. On the last day Diya sells it for only ₹30. How much is the loss on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.Farhan makes 7 cups of lemonade at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  35. 35.Ishaan makes 26 paper bookmarks at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  36. 36.One paper bookmark costs ₹57 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “the price on your board” is the selling price. (a) False (b) True
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  39. 39.Aarav makes 30 bags of popcorn at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. True
  2. what the buyer pays
  3. False
  4. cost price
  5. what it cost you
  6. 28
  7. 17
  8. 7
  9. Loss
  10. cost price
  11. 44
  12. 98
  13. 12
  14. False
  15. 26
  16. Loss
  17. 1
  18. False
  19. False
  20. SP less than CP
  21. SP more than CP
  22. 31
  23. 7
  24. 58
  25. Profit
  26. 60
  27. selling price
  28. 2
  29. 4
  30. Profit
  31. 3
  32. True
  33. 84
  34. cost price
  35. 130
  36. 76
  37. True
  38. cost price
  39. 360
  40. False

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