← 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 677 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.It costs ₹22 to make one handmade card. On the last day Aarav sells it for only ₹15. How much is the loss on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.One handmade card costs Ishaan ₹27 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.It costs ₹68 to make one paper bookmark. On the last day Tara sells it for only ₹59. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.Tara makes 10 handmade cards at a cost of ₹37 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  12. 12.Vihaan makes 17 painted pebbles at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  13. 13.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  14. 14.Kabir makes 28 painted pebbles at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  16. 16.Joseph makes 15 friendship bands at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  17. 17.One jute bag costs ₹30 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹41 to make one jute bag. Dev sells it for ₹57. What is the profit on one (in ₹)?
  19. 19.It costs ₹45 to make one painted pebble. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  20. 20.Meera makes 8 friendship bands at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.One cupcake costs Saanvi ₹29 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹31 to make one jute bag. Riya sells it for ₹50. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  28. 28.Meera makes 23 cups of lemonade at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  30. 30.One friendship band costs Tara ₹60 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Riya makes 11 jute bags at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  32. 32.Tara makes 28 jute bags at a cost of ₹36 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  33. 33.True or false: “money spent to get it” is the selling price. (a) True (b) False
  34. 34.One glass of chai costs Aarav ₹26 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹17 to make one potted plant. Riya sells it for ₹20. What is the profit on one (in ₹)?
  36. 36.Meera makes 12 glasses of chai at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  37. 37.It costs ₹43 to make one handmade card. On the last day Aarav sells it for only ₹36. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.True or false: “money spent to get it” is the cost price. (a) False (b) True
  40. 40.One paper bookmark costs Saanvi ₹57 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. True
  2. what the buyer pays
  3. False
  4. 7
  5. False
  6. False
  7. Loss
  8. selling price
  9. 9
  10. cost price
  11. 10
  12. 17
  13. SP more than CP
  14. 196
  15. what it cost you
  16. 105
  17. 48
  18. 16
  19. 2
  20. 16
  21. cost price
  22. Profit
  23. 19
  24. cost price
  25. True
  26. cost price
  27. SP less than CP
  28. 345
  29. selling price
  30. Profit
  31. 66
  32. 56
  33. False
  34. Loss
  35. 3
  36. 156
  37. 7
  38. selling price
  39. True
  40. Profit

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