← 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 780 · 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 equal to CP (b) always (c) SP more than CP (d) SP less than CP
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.One cupcake costs Zoya ₹53 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.One fruit cup costs Aarav ₹49 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹11 to make one handmade card. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  12. 12.One cupcake costs Kabir ₹56 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One bag of popcorn costs ₹20 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  14. 14.Riya makes 11 cupcakes at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  15. 15.It costs ₹46 to make one cup of lemonade. On the last day Dev sells it for only ₹40. How much is the loss on one (in ₹)?
  16. 16.One glass of chai costs Gurpreet ₹57 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One cup of lemonade costs Kabir ₹52 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Meera makes 26 bags of popcorn at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.It costs ₹31 to make one fruit cup. Vihaan sells it for ₹38. What is the profit on one (in ₹)?
  21. 21.Arjun makes 18 glasses of chai at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  23. 23.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  24. 24.It costs ₹42 to make one jute bag. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  26. 26.Dev makes 7 glasses of chai at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  27. 27.Dev makes 16 jute bags at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  28. 28.It costs ₹25 to make one handmade card. On the last day Dev sells it for only ₹23. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.One handmade card costs Diya ₹39 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Kabir makes 13 friendship bands at a cost of ₹16 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  32. 32.One painted pebble costs Riya ₹60 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One jute bag costs Gurpreet ₹29 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Arjun makes 20 cupcakes at a cost of ₹21 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  35. 35.One bag of popcorn costs Gurpreet ₹32 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹51 to make one handmade card. On the last day Saanvi sells it for only ₹44. How much is the loss on one (in ₹)?
  37. 37.It costs ₹27 to make one paper bookmark. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  38. 38.It costs ₹40 to make one paper bookmark. Ananya sells it for ₹41. What is the profit on one (in ₹)?
  39. 39.One clay diya costs Ananya ₹22 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One painted pebble costs ₹58 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. False
  3. Profit
  4. False
  5. SP more than CP
  6. cost price
  7. cost price
  8. selling price
  9. False
  10. Loss
  11. 8
  12. Loss
  13. 39
  14. 121
  15. 6
  16. Loss
  17. Loss
  18. 260
  19. False
  20. 7
  21. 90
  22. selling price
  23. what it cost you
  24. 16
  25. selling price
  26. 14
  27. 176
  28. 2
  29. cost price
  30. Loss
  31. 169
  32. Loss
  33. Profit
  34. 200
  35. Profit
  36. 7
  37. 8
  38. 1
  39. Profit
  40. 69

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