← 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 922 · 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 you paid for it” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.True or false: “what a customer pays” is the cost price. (a) True (b) False
  4. 4.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  5. 5.Dev makes 6 painted pebbles at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  6. 6.It costs ₹22 to make one jute bag. On the last day Ishaan sells it for only ₹19. How much is the loss on one (in ₹)?
  7. 7.It costs ₹36 to make one bag of popcorn. Farhan sells it for ₹54. What is the profit on one (in ₹)?
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  9. 9.One cup of lemonade costs ₹29 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) True (b) False
  11. 11.It costs ₹49 to make one bag of popcorn. Ananya sells it for ₹59. What is the profit on one (in ₹)?
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.Saanvi makes 18 jute bags at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  15. 15.Ishaan makes 8 paper bookmarks at a cost of ₹36 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  16. 16.True or false: “the price you sell at” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  19. 19.One painted pebble costs Meera ₹50 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹44 to make one paper bookmark. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  21. 21.It costs ₹20 to make one paper bookmark. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.One cup of lemonade costs Arjun ₹57 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One painted pebble costs ₹45 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹54 to make one cupcake. On the last day Tara sells it for only ₹45. How much is the loss on one (in ₹)?
  26. 26.One potted plant costs ₹26 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  27. 27.One painted pebble costs ₹26 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.One cup of lemonade costs Kavya ₹41 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.Ananya makes 8 friendship bands at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  30. 30.It costs ₹8 to make one cup of lemonade. On the last day Dev sells it for only ₹6. How much is the loss on one (in ₹)?
  31. 31.It costs ₹41 to make one glass of chai. Joseph sells it for ₹49. What is the profit on one (in ₹)?
  32. 32.It costs ₹22 to make one painted pebble. On the last day Zoya sells it for only ₹16. How much is the loss on one (in ₹)?
  33. 33.Ishaan makes 9 friendship bands at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  34. 34.One glass of chai costs ₹19 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  35. 35.One cupcake costs Aarav ₹42 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Lakshmi makes 8 friendship bands at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
  38. 38.One glass of chai costs ₹56 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  39. 39.Farhan makes 6 jute bags at a cost of ₹20 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  40. 40.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP

Answer key

  1. False
  2. cost price
  3. False
  4. what it cost you
  5. 6
  6. 3
  7. 18
  8. SP less than CP
  9. 40
  10. True
  11. 10
  12. True
  13. selling price
  14. 72
  15. 112
  16. False
  17. selling price
  18. what the buyer pays
  19. Loss
  20. 13
  21. 5
  22. cost price
  23. Loss
  24. 56
  25. 9
  26. 37
  27. 30
  28. Loss
  29. 72
  30. 2
  31. 8
  32. 6
  33. 117
  34. 22
  35. Loss
  36. 88
  37. False
  38. 72
  39. 12
  40. SP more than CP

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