← 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 638 · 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 got from a sale” is the cost price. (a) False (b) True
  2. 2.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  4. 4.True or false: “the price you sell at” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.It costs ₹23 to make one painted pebble. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  10. 10.Gurpreet makes 17 painted pebbles at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  11. 11.One painted pebble costs Kavya ₹44 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One cup of lemonade costs ₹60 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹40 to make one painted pebble. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  16. 16.One bag of popcorn costs Kavya ₹48 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “cost of making one” is the selling price. (a) True (b) False
  18. 18.One painted pebble costs Zoya ₹49 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹13 to make one painted pebble. Meera sells it for ₹31. What is the profit on one (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) True (b) False
  21. 21.It costs ₹34 to make one fruit cup. On the last day Saanvi sells it for only ₹29. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.One friendship band costs Ananya ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.Gurpreet makes 8 paper bookmarks at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.Kavya makes 23 bags of popcorn at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  29. 29.It costs ₹43 to make one glass of chai. On the last day Farhan sells it for only ₹38. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs ₹11 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹52 to make one handmade card. On the last day Diya sells it for only ₹45. How much is the loss on one (in ₹)?
  32. 32.It costs ₹21 to make one glass of chai. Ishaan sells it for ₹30. What is the profit on one (in ₹)?
  33. 33.One handmade card costs Ishaan ₹56 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Diya makes 8 clay diyas at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.One friendship band costs ₹56 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹48 to make one clay diya. Arjun sells it for ₹68. What is the profit on one (in ₹)?
  38. 38.One potted plant costs Vihaan ₹52 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹19 to make one cup of lemonade. Meera sells it for ₹25. What is the profit on one (in ₹)?
  40. 40.It costs ₹28 to make one clay diya. Ananya sells it for ₹42. What is the profit on one (in ₹)?

Answer key

  1. False
  2. SP less than CP
  3. False
  4. False
  5. selling price
  6. what the buyer pays
  7. True
  8. cost price
  9. 18
  10. 153
  11. Profit
  12. 80
  13. 9
  14. selling price
  15. SP more than CP
  16. Loss
  17. False
  18. Loss
  19. 18
  20. True
  21. 5
  22. cost price
  23. Profit
  24. False
  25. 88
  26. cost price
  27. 345
  28. what it cost you
  29. 5
  30. 15
  31. 7
  32. 9
  33. Profit
  34. 72
  35. cost price
  36. 64
  37. 20
  38. Profit
  39. 6
  40. 14

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