← 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 701 · 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) True (b) False
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  3. 3.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  4. 4.It costs ₹49 to make one handmade card. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  5. 5.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  7. 7.One glass of chai costs ₹15 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹7 to make one clay diya. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
  10. 10.It costs ₹18 to make one paper bookmark. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
  11. 11.It costs ₹50 to make one glass of chai. Dev sells it for ₹56. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.Kavya makes 18 glasses of chai at a cost of ₹23 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  14. 14.It costs ₹33 to make one bag of popcorn. Ishaan sells it for ₹52. What is the profit on one (in ₹)?
  15. 15.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  16. 16.Kabir makes 6 cupcakes at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  17. 17.True or false: “what you paid for it” is the cost price. (a) True (b) False
  18. 18.It costs ₹49 to make one cup of lemonade. On the last day Riya sells it for only ₹48. How much is the loss on one (in ₹)?
  19. 19.True or false: “cost of making one” is the cost price. (a) True (b) False
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.True or false: “the price you sell at” is the cost price. (a) True (b) False
  22. 22.True or false: “the price on your board” is the selling price. (a) False (b) True
  23. 23.It costs ₹24 to make one jute bag. Ishaan sells it for ₹28. What is the profit on one (in ₹)?
  24. 24.It costs ₹31 to make one paper bookmark. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  25. 25.One jute bag costs ₹39 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money got from a sale” is the selling price. (a) False (b) True
  27. 27.One potted plant costs Farhan ₹22 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.Saanvi makes 23 clay diyas at a cost of ₹37 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  30. 30.One bag of popcorn costs ₹6 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹25 to make one glass of chai. On the last day Kavya sells it for only ₹17. How much is the loss on one (in ₹)?
  32. 32.Lakshmi makes 20 glasses of chai at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  34. 34.It costs ₹57 to make one bag of popcorn. Farhan sells it for ₹66. What is the profit on one (in ₹)?
  35. 35.It costs ₹15 to make one painted pebble. Meera sells it for ₹32. What is the profit on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.It costs ₹7 to make one cupcake. Ananya sells it for ₹18. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  39. 39.It costs ₹31 to make one fruit cup. Vihaan sells it for ₹39. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹57 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. what it cost you
  3. SP more than CP
  4. 4
  5. SP less than CP
  6. cost price
  7. 25
  8. 2
  9. False
  10. 3
  11. 6
  12. cost price
  13. 54
  14. 19
  15. what the buyer pays
  16. 6
  17. True
  18. 1
  19. True
  20. True
  21. False
  22. True
  23. 4
  24. 8
  25. 57
  26. True
  27. Loss
  28. cost price
  29. 184
  30. 8
  31. 8
  32. 140
  33. selling price
  34. 9
  35. 17
  36. False
  37. 11
  38. cost price
  39. 8
  40. 61

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