← 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 811 · 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 means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  4. 4.One painted pebble costs Gurpreet ₹33 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One bag of popcorn costs Joseph ₹19 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.Kabir makes 5 cupcakes at a cost of ₹39 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.One fruit cup costs Riya ₹25 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
  12. 12.It costs ₹46 to make one cupcake. On the last day Joseph sells it for only ₹44. How much is the loss on one (in ₹)?
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.It costs ₹12 to make one friendship band. Nisha sells it for ₹23. What is the profit on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.True or false: “money got from a sale” is the cost price. (a) False (b) True
  18. 18.It costs ₹24 to make one cup of lemonade. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  19. 19.One cup of lemonade costs Diya ₹28 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.It costs ₹30 to make one cup of lemonade. Gurpreet sells it for ₹36. What is the profit on one (in ₹)?
  22. 22.It costs ₹9 to make one clay diya. On the last day Meera sells it for only ₹8. How much is the loss on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.One glass of chai costs ₹24 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “the price on your board” is the cost price. (a) True (b) False
  26. 26.One friendship band costs ₹30 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  27. 27.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  28. 28.One glass of chai costs ₹56 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) False (b) True
  30. 30.Vihaan makes 20 paper bookmarks at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.It costs ₹47 to make one painted pebble. Gurpreet sells it for ₹48. What is the profit on one (in ₹)?
  32. 32.Joseph makes 23 cupcakes at a cost of ₹27 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.It costs ₹14 to make one glass of chai. Zoya sells it for ₹28. What is the profit on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the selling price. (a) False (b) True
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  36. 36.Saanvi makes 20 handmade cards at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  37. 37.It costs ₹52 to make one painted pebble. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  39. 39.It costs ₹21 to make one potted plant. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  40. 40.One fruit cup costs ₹7 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. selling price
  3. SP less than CP
  4. Profit
  5. Profit
  6. cost price
  7. 30
  8. cost price
  9. Loss
  10. selling price
  11. True
  12. 2
  13. SP more than CP
  14. False
  15. 11
  16. True
  17. False
  18. 4
  19. Profit
  20. cost price
  21. 6
  22. 1
  23. True
  24. 32
  25. False
  26. 50
  27. what the buyer pays
  28. 75
  29. False
  30. 40
  31. 1
  32. 23
  33. 14
  34. True
  35. True
  36. 260
  37. 7
  38. selling price
  39. 7
  40. 23

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