← 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 898 · 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 or selling price: cost of making one? (a) selling price (b) cost price
  2. 2.True or false: “money spent to get it” is the cost price. (a) False (b) True
  3. 3.It costs ₹18 to make one cup of lemonade. Arjun sells it for ₹35. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.It costs ₹19 to make one cup of lemonade. On the last day Arjun sells it for only ₹16. How much is the loss on one (in ₹)?
  6. 6.One cupcake costs Rohan ₹38 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One bag of popcorn costs Rohan ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  10. 10.True or false: “money spent to get it” is the selling price. (a) True (b) False
  11. 11.It costs ₹52 to make one glass of chai. Meera sells it for ₹69. What is the profit on one (in ₹)?
  12. 12.One clay diya costs Diya ₹52 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.One cupcake costs ₹12 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.It costs ₹20 to make one handmade card. Nisha sells it for ₹29. What is the profit on one (in ₹)?
  16. 16.It costs ₹37 to make one paper bookmark. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.One cupcake costs ₹58 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹23 to make one cup of lemonade. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  19. 19.It costs ₹20 to make one cup of lemonade. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
  20. 20.It costs ₹38 to make one bag of popcorn. On the last day Meera sells it for only ₹37. How much is the loss on one (in ₹)?
  21. 21.It costs ₹12 to make one paper bookmark. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  22. 22.It costs ₹12 to make one clay diya. On the last day Aarav sells it for only ₹10. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  25. 25.It costs ₹55 to make one handmade card. Lakshmi sells it for ₹69. What is the profit on one (in ₹)?
  26. 26.It costs ₹47 to make one fruit cup. Zoya sells it for ₹64. What is the profit on one (in ₹)?
  27. 27.It costs ₹24 to make one paper bookmark. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  28. 28.One friendship band costs ₹33 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.One cup of lemonade costs Vihaan ₹39 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.True or false: “cost of making one” is the selling price. (a) True (b) False
  33. 33.Diya makes 5 bags of popcorn at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.It costs ₹27 to make one bag of popcorn. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.True or false: “money got from a sale” is the selling price. (a) True (b) False
  36. 36.It costs ₹48 to make one clay diya. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.It costs ₹35 to make one glass of chai. On the last day Vihaan sells it for only ₹30. How much is the loss on one (in ₹)?
  38. 38.It costs ₹23 to make one clay diya. On the last day Arjun sells it for only ₹15. How much is the loss on one (in ₹)?
  39. 39.It costs ₹18 to make one paper bookmark. On the last day Aarav sells it for only ₹8. How much is the loss on one (in ₹)?
  40. 40.It costs ₹22 to make one bag of popcorn. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. True
  3. 17
  4. cost price
  5. 3
  6. Loss
  7. Profit
  8. cost price
  9. SP less than CP
  10. False
  11. 17
  12. Profit
  13. 30
  14. False
  15. 9
  16. 9
  17. 74
  18. 6
  19. 6
  20. 1
  21. 2
  22. 2
  23. selling price
  24. what it cost you
  25. 14
  26. 17
  27. 7
  28. 49
  29. False
  30. False
  31. Loss
  32. False
  33. 15
  34. 3
  35. True
  36. 10
  37. 5
  38. 8
  39. 10
  40. 7

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