← 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 734 · 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.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.Nisha makes 6 jute bags at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.True or false: “what a customer pays” is the selling price. (a) True (b) False
  7. 7.It costs ₹30 to make one potted plant. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  8. 8.True or false: “what a customer pays” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.It costs ₹51 to make one cup of lemonade. Aarav sells it for ₹62. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  12. 12.It costs ₹52 to make one paper bookmark. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  13. 13.It costs ₹11 to make one bag of popcorn. Dev sells it for ₹13. What is the profit on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  17. 17.True or false: “the price you sell at” is the selling price. (a) False (b) True
  18. 18.One handmade card costs ₹28 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.True or false: “cost of making one” is the cost price. (a) True (b) False
  21. 21.True or false: “the price on your board” is the cost price. (a) False (b) True
  22. 22.One cupcake costs ₹34 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) True (b) False
  24. 24.One fruit cup costs Kabir ₹56 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹8 to make one painted pebble. Gurpreet sells it for ₹27. What is the profit on one (in ₹)?
  26. 26.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  27. 27.It costs ₹19 to make one paper bookmark. Saanvi sells it for ₹38. What is the profit on one (in ₹)?
  28. 28.It costs ₹38 to make one cupcake. Aarav sells it for ₹57. What is the profit on one (in ₹)?
  29. 29.It costs ₹24 to make one clay diya. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.Farhan makes 27 bags of popcorn at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  32. 32.It costs ₹55 to make one potted plant. Vihaan sells it for ₹59. What is the profit on one (in ₹)?
  33. 33.It costs ₹19 to make one glass of chai. Saanvi sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.It costs ₹10 to make one cupcake. Riya sells it for ₹15. What is the profit on one (in ₹)?
  35. 35.It costs ₹56 to make one cupcake. On the last day Tara sells it for only ₹53. How much is the loss on one (in ₹)?
  36. 36.It costs ₹10 to make one potted plant. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
  37. 37.It costs ₹15 to make one friendship band. Vihaan sells it for ₹27. What is the profit on one (in ₹)?
  38. 38.It costs ₹59 to make one cup of lemonade. On the last day Meera sells it for only ₹57. How much is the loss on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
  40. 40.It costs ₹14 to make one glass of chai. On the last day Dev sells it for only ₹6. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. cost price
  3. 6
  4. cost price
  5. True
  6. True
  7. 4
  8. False
  9. selling price
  10. 11
  11. what it cost you
  12. 11
  13. 2
  14. SP less than CP
  15. False
  16. SP more than CP
  17. True
  18. 43
  19. False
  20. True
  21. False
  22. 49
  23. True
  24. Loss
  25. 19
  26. what the buyer pays
  27. 19
  28. 19
  29. 5
  30. False
  31. 135
  32. 4
  33. 7
  34. 5
  35. 3
  36. 11
  37. 12
  38. 2
  39. False
  40. 8

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