← 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 937 · 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: the wholesale price paid? (a) cost price (b) selling price
  2. 2.One paper bookmark costs ₹23 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹48 to make one fruit cup. On the last day Diya sells it for only ₹38. How much is the loss on one (in ₹)?
  4. 4.Tara makes 17 friendship bands at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.It costs ₹14 to make one fruit cup. Saanvi sells it for ₹17. What is the profit on one (in ₹)?
  7. 7.True or false: “money got from a sale” is the selling price. (a) False (b) True
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.True or false: “the price you sell at” is the selling price. (a) False (b) True
  11. 11.One cupcake costs Joseph ₹20 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.One friendship band costs ₹40 to make. Lakshmi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  13. 13.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.It costs ₹48 to make one friendship band. Lakshmi sells it for ₹66. What is the profit on one (in ₹)?
  16. 16.Kabir makes 17 friendship bands at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price you sell at” is the cost price. (a) True (b) False
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  20. 20.One friendship band costs ₹35 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹54 to make one bag of popcorn. On the last day Dev sells it for only ₹47. How much is the loss on one (in ₹)?
  22. 22.It costs ₹18 to make one handmade card. Gurpreet sells it for ₹20. What is the profit on one (in ₹)?
  23. 23.It costs ₹19 to make one jute bag. On the last day Ananya sells it for only ₹17. How much is the loss on one (in ₹)?
  24. 24.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  25. 25.One cup of lemonade costs Diya ₹23 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.It costs ₹36 to make one bag of popcorn. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.It costs ₹42 to make one cup of lemonade. Saanvi sells it for ₹43. What is the profit on one (in ₹)?
  30. 30.Rohan makes 6 potted plants at a cost of ₹29 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  31. 31.One friendship band costs ₹25 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.One paper bookmark costs ₹5 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
  34. 34.One handmade card costs ₹30 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “the price on your board” is the selling price. (a) False (b) True
  36. 36.It costs ₹29 to make one handmade card. Tara sells it for ₹43. What is the profit on one (in ₹)?
  37. 37.Tara makes 18 cups of lemonade at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  38. 38.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  39. 39.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  40. 40.True or false: “what a customer pays” is the selling price. (a) False (b) True

Answer key

  1. cost price
  2. 29
  3. 10
  4. 17
  5. False
  6. 3
  7. True
  8. False
  9. selling price
  10. True
  11. Profit
  12. 60
  13. SP less than CP
  14. cost price
  15. 18
  16. 255
  17. False
  18. True
  19. what it cost you
  20. 44
  21. 7
  22. 2
  23. 2
  24. SP more than CP
  25. Loss
  26. selling price
  27. 3
  28. cost price
  29. 1
  30. 48
  31. 36
  32. 15
  33. False
  34. 48
  35. True
  36. 14
  37. 18
  38. what the buyer pays
  39. False
  40. True

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