← 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 850 · 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) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  2. 2.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.Zoya makes 5 friendship bands at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  5. 5.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  6. 6.Arjun makes 25 potted plants at a cost of ₹35 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  7. 7.Ishaan makes 6 cups of lemonade at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  8. 8.True or false: “what a customer pays” is the cost 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.It costs ₹51 to make one paper bookmark. Joseph sells it for ₹64. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.Kavya makes 18 glasses of chai at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  13. 13.Gurpreet makes 27 jute bags at a cost of ₹9 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  16. 16.One clay diya costs Vihaan ₹18 to make and sells for ₹4. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹47 to make one jute bag. Meera sells it for ₹56. What is the profit on one (in ₹)?
  18. 18.It costs ₹26 to make one painted pebble. Dev sells it for ₹44. What is the profit on one (in ₹)?
  19. 19.It costs ₹57 to make one glass of chai. On the last day Nisha sells it for only ₹48. How much is the loss on one (in ₹)?
  20. 20.It costs ₹44 to make one glass of chai. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  21. 21.True or false: “cost of making one” is the selling price. (a) False (b) True
  22. 22.One cup of lemonade costs Farhan ₹55 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.One potted plant costs ₹18 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.Ananya makes 11 glasses of chai at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  28. 28.It costs ₹60 to make one jute bag. Diya sells it for ₹64. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.True or false: “what you paid for it” is the cost price. (a) False (b) True
  32. 32.True or false: “the price you sell at” is the cost price. (a) False (b) True
  33. 33.One cupcake costs Vihaan ₹58 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹56 to make one handmade card. Vihaan sells it for ₹71. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs Meera ₹22 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One cupcake costs ₹28 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.One glass of chai costs ₹16 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.One cupcake costs ₹21 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.One handmade card costs Zoya ₹57 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what it cost you
  2. what the buyer pays
  3. cost price
  4. 20
  5. SP more than CP
  6. 100
  7. 78
  8. False
  9. False
  10. 13
  11. selling price
  12. 234
  13. 351
  14. SP less than CP
  15. selling price
  16. Loss
  17. 9
  18. 18
  19. 9
  20. 14
  21. False
  22. Loss
  23. False
  24. 20
  25. False
  26. selling price
  27. 66
  28. 4
  29. cost price
  30. True
  31. True
  32. False
  33. Loss
  34. 15
  35. Profit
  36. 36
  37. selling price
  38. 17
  39. 30
  40. Profit

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