← 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 782 · 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.Farhan makes 18 cupcakes at a cost of ₹17 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.One paper bookmark costs Gurpreet ₹28 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹30 to make one bag of popcorn. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  6. 6.One cupcake costs ₹33 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.True or false: “the price on your board” is the selling price. (a) False (b) True
  9. 9.True or false: “the price on your board” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.One potted plant costs Riya ₹19 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.One cupcake costs ₹36 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  15. 15.One cupcake costs Tara ₹60 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.True or false: “what you paid for it” is the selling price. (a) False (b) True
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.One fruit cup costs Arjun ₹26 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Vihaan makes 8 cups of lemonade at a cost of ₹8 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  24. 24.It costs ₹64 to make one friendship band. On the last day Nisha sells it for only ₹57. How much is the loss on one (in ₹)?
  25. 25.One clay diya costs ₹55 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹19 to make one handmade card. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.Saanvi makes 20 fruit cups at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  29. 29.It costs ₹49 to make one friendship band. On the last day Diya sells it for only ₹47. How much is the loss on one (in ₹)?
  30. 30.It costs ₹50 to make one bag of popcorn. On the last day Zoya sells it for only ₹40. How much is the loss on one (in ₹)?
  31. 31.It costs ₹25 to make one cup of lemonade. Riya sells it for ₹26. What is the profit on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.It costs ₹30 to make one paper bookmark. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  34. 34.It costs ₹34 to make one jute bag. On the last day Riya sells it for only ₹28. How much is the loss on one (in ₹)?
  35. 35.One glass of chai costs Tara ₹60 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.It costs ₹53 to make one clay diya. On the last day Rohan sells it for only ₹52. How much is the loss on one (in ₹)?
  38. 38.It costs ₹38 to make one glass of chai. On the last day Diya sells it for only ₹34. 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.Joseph makes 16 bags of popcorn at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?

Answer key

  1. 90
  2. False
  3. selling price
  4. Loss
  5. 3
  6. 35
  7. selling price
  8. True
  9. False
  10. selling price
  11. True
  12. Profit
  13. 51
  14. SP less than CP
  15. Profit
  16. cost price
  17. what the buyer pays
  18. selling price
  19. False
  20. False
  21. Loss
  22. 64
  23. what it cost you
  24. 7
  25. 72
  26. 4
  27. cost price
  28. 160
  29. 2
  30. 10
  31. 1
  32. True
  33. 15
  34. 6
  35. Profit
  36. False
  37. 1
  38. 4
  39. True
  40. 192

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