← 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 876 · 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: “money got from a sale” is the selling price. (a) False (b) True
  2. 2.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  3. 3.True or false: “the price on your board” is the cost price. (a) True (b) False
  4. 4.One paper bookmark costs ₹37 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  5. 5.One friendship band costs ₹44 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.It costs ₹55 to make one glass of chai. On the last day Kavya sells it for only ₹53. How much is the loss on one (in ₹)?
  8. 8.True or false: “cost of making one” is the selling price. (a) True (b) False
  9. 9.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  11. 11.It costs ₹33 to make one handmade card. Lakshmi sells it for ₹44. What is the profit on one (in ₹)?
  12. 12.One cupcake costs ₹36 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹22 to make one clay diya. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.Rohan makes 5 glasses of chai at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  17. 17.It costs ₹8 to make one friendship band. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  18. 18.It costs ₹42 to make one cupcake. Ishaan sells it for ₹44. What is the profit on one (in ₹)?
  19. 19.One cup of lemonade costs Diya ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.True or false: “the price on your board” is the selling price. (a) False (b) True
  21. 21.True or false: “what you paid for it” is the cost price. (a) True (b) False
  22. 22.One cup of lemonade costs Joseph ₹35 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  26. 26.It costs ₹51 to make one handmade card. Gurpreet sells it for ₹58. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.One handmade card costs Tara ₹40 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹35 to make one painted pebble. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹55 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.One cup of lemonade costs ₹19 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what you paid for it” is the selling price. (a) True (b) False
  33. 33.It costs ₹62 to make one painted pebble. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the cost price. (a) True (b) False
  35. 35.One jute bag costs Ishaan ₹36 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹40 to make one cup of lemonade. Farhan sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  38. 38.One glass of chai costs ₹11 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹29 to make one cup of lemonade. On the last day Rohan sells it for only ₹23. How much is the loss on one (in ₹)?
  40. 40.It costs ₹60 to make one friendship band. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. what the buyer pays
  3. False
  4. 43
  5. 58
  6. selling price
  7. 2
  8. False
  9. SP less than CP
  10. SP more than CP
  11. 11
  12. 37
  13. 9
  14. cost price
  15. False
  16. 60
  17. 3
  18. 2
  19. Loss
  20. True
  21. True
  22. Loss
  23. cost price
  24. what it cost you
  25. selling price
  26. 7
  27. cost price
  28. Loss
  29. 18
  30. 59
  31. 34
  32. False
  33. 4
  34. False
  35. Loss
  36. 18
  37. selling price
  38. 12
  39. 6
  40. 2

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