← 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 851 · 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: “what a customer pays” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  4. 4.True or false: “the price you sell at” is the selling price. (a) False (b) True
  5. 5.One bag of popcorn costs Dev ₹29 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  7. 7.It costs ₹7 to make one bag of popcorn. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  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: what you paid for it? (a) selling price (b) cost price
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.One cupcake costs Lakshmi ₹32 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.One cupcake costs ₹23 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “what you paid for it” is the cost price. (a) True (b) False
  16. 16.It costs ₹57 to make one cup of lemonade. Gurpreet sells it for ₹72. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  19. 19.True or false: “what a customer pays” is the cost price. (a) True (b) False
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.One paper bookmark costs Rohan ₹33 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹32 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  24. 24.Meera makes 26 cups of lemonade at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.It costs ₹34 to make one jute bag. On the last day Ananya sells it for only ₹24. How much is the loss on one (in ₹)?
  27. 27.One paper bookmark costs Aarav ₹29 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.Rohan makes 23 paper bookmarks at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  29. 29.One cup of lemonade costs Ananya ₹39 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹13 to make one fruit cup. Rohan sells it for ₹17. What is the profit on one (in ₹)?
  31. 31.It costs ₹21 to make one potted plant. On the last day Saanvi sells it for only ₹14. How much is the loss on one (in ₹)?
  32. 32.One glass of chai costs Saanvi ₹59 to make and sells for ₹72. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One handmade card costs ₹34 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.One cup of lemonade costs Aarav ₹51 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One potted plant costs Arjun ₹23 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹54 to make one paper bookmark. Saanvi sells it for ₹67. What is the profit on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.It costs ₹41 to make one paper bookmark. Ananya sells it for ₹42. What is the profit on one (in ₹)?
  39. 39.It costs ₹11 to make one friendship band. On the last day Kabir sells it for only ₹5. How much is the loss on one (in ₹)?
  40. 40.Arjun makes 22 paper bookmarks at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. selling price
  3. what the buyer pays
  4. True
  5. Profit
  6. SP less than CP
  7. 14
  8. False
  9. False
  10. cost price
  11. SP more than CP
  12. cost price
  13. Profit
  14. 26
  15. True
  16. 15
  17. what it cost you
  18. True
  19. False
  20. False
  21. Loss
  22. 7
  23. cost price
  24. 286
  25. False
  26. 10
  27. Loss
  28. 115
  29. Loss
  30. 4
  31. 7
  32. Profit
  33. 47
  34. Loss
  35. Loss
  36. 13
  37. False
  38. 1
  39. 6
  40. 44

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