← 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 669 · 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.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  3. 3.One jute bag costs Tara ₹53 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One fruit cup costs Ananya ₹18 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.It costs ₹52 to make one handmade card. On the last day Farhan sells it for only ₹44. How much is the loss on one (in ₹)?
  7. 7.Saanvi makes 10 painted pebbles at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.One paper bookmark costs Meera ₹54 to make and sells for ₹69. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  14. 14.True or false: “cost of making one” is the cost price. (a) True (b) False
  15. 15.It costs ₹38 to make one clay diya. Diya sells it for ₹50. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  18. 18.It costs ₹53 to make one handmade card. Aarav sells it for ₹73. What is the profit on one (in ₹)?
  19. 19.It costs ₹15 to make one clay diya. On the last day Farhan sells it for only ₹13. How much is the loss on one (in ₹)?
  20. 20.It costs ₹54 to make one painted pebble. On the last day Joseph sells it for only ₹51. How much is the loss on one (in ₹)?
  21. 21.One jute bag costs Zoya ₹58 to make and sells for ₹69. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹35 to make one cupcake. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) True (b) False
  24. 24.One glass of chai costs Kabir ₹52 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One potted plant costs ₹38 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹18 to make one clay diya. Zoya sells it for ₹21. What is the profit on one (in ₹)?
  27. 27.Dev makes 13 handmade cards at a cost of ₹23 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  28. 28.True or false: “the price on your board” is the cost price. (a) False (b) True
  29. 29.One glass of chai costs ₹15 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) False (b) True
  31. 31.It costs ₹17 to make one potted plant. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  32. 32.One fruit cup costs ₹43 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  33. 33.One glass of chai costs Saanvi ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
  35. 35.One paper bookmark costs Riya ₹27 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “money spent to get it” is the selling price. (a) True (b) False
  37. 37.One fruit cup costs ₹29 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.One cup of lemonade costs ₹18 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price

Answer key

  1. SP less than CP
  2. True
  3. Profit
  4. Loss
  5. selling price
  6. 8
  7. 50
  8. cost price
  9. Profit
  10. SP more than CP
  11. selling price
  12. cost price
  13. what the buyer pays
  14. True
  15. 12
  16. selling price
  17. what it cost you
  18. 20
  19. 2
  20. 3
  21. Profit
  22. 2
  23. True
  24. Loss
  25. 51
  26. 3
  27. 117
  28. False
  29. 16
  30. False
  31. 7
  32. 56
  33. Profit
  34. True
  35. Loss
  36. False
  37. 32
  38. True
  39. 26
  40. selling price

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