← 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 956 · 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 price you sell at? (a) cost price (b) selling price
  2. 2.One cup of lemonade costs Gurpreet ₹38 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.True or false: “money spent to get it” is the selling price. (a) False (b) True
  6. 6.True or false: “money got from a sale” is the selling price. (a) True (b) False
  7. 7.True or false: “what a customer pays” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.It costs ₹55 to make one handmade card. Meera sells it for ₹71. What is the profit on one (in ₹)?
  10. 10.One jute bag costs ₹51 to make. Ishaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “cost of making one” is the selling price. (a) False (b) True
  12. 12.One jute bag costs ₹5 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  13. 13.One handmade card costs ₹15 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  14. 14.One clay diya costs ₹14 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  17. 17.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.One cup of lemonade costs Lakshmi ₹52 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One clay diya costs Saanvi ₹19 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹54 to make one fruit cup. On the last day Farhan sells it for only ₹48. How much is the loss on one (in ₹)?
  22. 22.It costs ₹43 to make one glass of chai. Kavya sells it for ₹49. What is the profit on one (in ₹)?
  23. 23.Rohan makes 13 cupcakes at a cost of ₹9 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  24. 24.It costs ₹9 to make one cupcake. Saanvi sells it for ₹25. What is the profit on one (in ₹)?
  25. 25.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  26. 26.One cup of lemonade costs Kavya ₹30 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the price on your board” is the cost price. (a) True (b) False
  28. 28.It costs ₹10 to make one cupcake. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  29. 29.It costs ₹15 to make one clay diya. Tara sells it for ₹35. What is the profit on one (in ₹)?
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.One cupcake costs Farhan ₹24 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One cupcake costs Tara ₹56 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹15 to make one paper bookmark. Meera sells it for ₹17. What is the profit on one (in ₹)?
  34. 34.It costs ₹19 to make one handmade card. On the last day Gurpreet sells it for only ₹10. How much is the loss on one (in ₹)?
  35. 35.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  36. 36.One paper bookmark costs Diya ₹56 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One paper bookmark costs ₹18 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  39. 39.One clay diya costs ₹20 to make. Vihaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. Profit
  3. SP less than CP
  4. cost price
  5. False
  6. True
  7. False
  8. selling price
  9. 16
  10. 69
  11. False
  12. 18
  13. 33
  14. 23
  15. cost price
  16. what it cost you
  17. True
  18. selling price
  19. Profit
  20. Profit
  21. 6
  22. 6
  23. 104
  24. 16
  25. what the buyer pays
  26. Loss
  27. False
  28. 14
  29. 20
  30. True
  31. Loss
  32. Profit
  33. 2
  34. 9
  35. SP more than CP
  36. Loss
  37. 20
  38. cost price
  39. 31
  40. False

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