← 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 773 · 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 selling price. (a) True (b) False
  2. 2.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  3. 3.One bag of popcorn costs ₹54 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹24 to make one friendship band. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  7. 7.It costs ₹26 to make one friendship band. On the last day Lakshmi sells it for only ₹20. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  9. 9.It costs ₹38 to make one fruit cup. On the last day Riya sells it for only ₹32. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.Meera makes 15 fruit cups at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  14. 14.One jute bag costs Meera ₹46 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One painted pebble costs ₹11 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.It costs ₹49 to make one cupcake. Farhan sells it for ₹54. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  21. 21.It costs ₹27 to make one jute bag. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  22. 22.One paper bookmark costs ₹48 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.It costs ₹16 to make one cupcake. On the last day Tara sells it for only ₹9. How much is the loss on one (in ₹)?
  26. 26.One handmade card costs ₹24 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  27. 27.One potted plant costs Arjun ₹37 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One cup of lemonade costs ₹20 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹33 to make one painted pebble. Ananya sells it for ₹42. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs ₹22 to make. Gurpreet wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.One paper bookmark costs ₹14 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  32. 32.Ishaan makes 11 paper bookmarks at a cost of ₹30 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  33. 33.It costs ₹9 to make one cup of lemonade. Ananya sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.It costs ₹29 to make one potted plant. On the last day Tara sells it for only ₹21. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs Meera ₹52 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One jute bag costs ₹22 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  38. 38.One potted plant costs ₹5 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.One potted plant costs ₹37 to make. Lakshmi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  40. 40.One paper bookmark costs ₹6 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. what the buyer pays
  3. 71
  4. 5
  5. False
  6. SP less than CP
  7. 6
  8. what it cost you
  9. 6
  10. cost price
  11. SP more than CP
  12. cost price
  13. 60
  14. Loss
  15. 16
  16. False
  17. True
  18. 5
  19. cost price
  20. selling price
  21. 2
  22. 62
  23. selling price
  24. False
  25. 7
  26. 40
  27. Loss
  28. 26
  29. 9
  30. 34
  31. 32
  32. 143
  33. 17
  34. 8
  35. Profit
  36. 38
  37. cost price
  38. 18
  39. 49
  40. 16

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