← 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 764 · 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 less than CP (b) SP more than CP (c) SP equal to CP (d) always
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  4. 4.It costs ₹59 to make one paper bookmark. Ananya sells it for ₹68. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  7. 7.One jute bag costs Kavya ₹28 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  9. 9.It costs ₹13 to make one fruit cup. Meera sells it for ₹19. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹14 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  11. 11.One cupcake costs Nisha ₹56 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.One fruit cup costs ₹50 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.True or false: “money spent to get it” is the selling price. (a) False (b) True
  16. 16.One fruit cup costs Arjun ₹58 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.One cup of lemonade costs ₹20 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.One clay diya costs Kavya ₹31 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹15 to make one bag of popcorn. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  25. 25.It costs ₹22 to make one glass of chai. On the last day Lakshmi sells it for only ₹15. How much is the loss on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.True or false: “money got from a sale” is the cost price. (a) True (b) False
  28. 28.Ananya makes 10 clay diyas at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  29. 29.It costs ₹39 to make one handmade card. Ananya sells it for ₹48. What is the profit on one (in ₹)?
  30. 30.Zoya makes 29 painted pebbles at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  31. 31.True or false: “money got from a sale” is the selling price. (a) False (b) True
  32. 32.It costs ₹14 to make one cup of lemonade. On the last day Aarav sells it for only ₹11. How much is the loss on one (in ₹)?
  33. 33.It costs ₹28 to make one jute bag. On the last day Farhan sells it for only ₹24. How much is the loss on one (in ₹)?
  34. 34.One handmade card costs ₹8 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹8 to make one cupcake. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  36. 36.It costs ₹43 to make one cupcake. Lakshmi sells it for ₹53. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹14 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹15 to make one glass of chai. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  39. 39.True or false: “what a customer pays” is the selling price. (a) True (b) False
  40. 40.Kabir makes 30 fruit cups at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. cost price
  3. SP more than CP
  4. 9
  5. selling price
  6. what the buyer pays
  7. Profit
  8. what it cost you
  9. 6
  10. 17
  11. Loss
  12. True
  13. 59
  14. selling price
  15. False
  16. Loss
  17. False
  18. False
  19. False
  20. cost price
  21. cost price
  22. 24
  23. Profit
  24. 2
  25. 7
  26. False
  27. False
  28. 110
  29. 9
  30. 319
  31. True
  32. 3
  33. 4
  34. 27
  35. 3
  36. 10
  37. 22
  38. 10
  39. True
  40. 30

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