← 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 969 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.It costs ₹11 to make one cup of lemonade. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  6. 6.One glass of chai costs ₹28 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.It costs ₹50 to make one painted pebble. Tara sells it for ₹69. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  12. 12.One cupcake costs Arjun ₹42 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One paper bookmark costs Arjun ₹16 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹23 to make one jute bag. On the last day Lakshmi sells it for only ₹13. How much is the loss on one (in ₹)?
  15. 15.It costs ₹49 to make one bag of popcorn. On the last day Meera sells it for only ₹44. How much is the loss on one (in ₹)?
  16. 16.One friendship band costs ₹6 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “the price on your board” is the selling price. (a) True (b) False
  18. 18.One painted pebble costs Arjun ₹45 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.It costs ₹37 to make one jute bag. On the last day Lakshmi sells it for only ₹31. How much is the loss on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  24. 24.One clay diya costs Aarav ₹28 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹9 to make one glass of chai. Lakshmi sells it for ₹13. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹5 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹7 to make one cup of lemonade. Arjun sells it for ₹16. What is the profit on one (in ₹)?
  28. 28.One handmade card costs ₹17 to make. Lakshmi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “money got from a sale” is the selling price. (a) False (b) True
  30. 30.It costs ₹34 to make one handmade card. On the last day Farhan sells it for only ₹25. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.True or false: “money got from a sale” is the cost price. (a) False (b) True
  33. 33.It costs ₹28 to make one paper bookmark. Zoya sells it for ₹36. What is the profit on one (in ₹)?
  34. 34.Ishaan makes 7 glasses of chai at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  35. 35.One clay diya costs ₹56 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  36. 36.One friendship band costs Dev ₹59 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.True or false: “what you paid for it” is the selling price. (a) False (b) True
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.Ananya makes 28 cups of lemonade at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?

Answer key

  1. SP more than CP
  2. cost price
  3. 18
  4. False
  5. SP less than CP
  6. 42
  7. selling price
  8. False
  9. 19
  10. cost price
  11. what the buyer pays
  12. Profit
  13. Profit
  14. 10
  15. 5
  16. 15
  17. True
  18. Profit
  19. selling price
  20. 6
  21. True
  22. False
  23. what it cost you
  24. Profit
  25. 4
  26. 10
  27. 9
  28. 33
  29. True
  30. 9
  31. selling price
  32. False
  33. 8
  34. 42
  35. 74
  36. Loss
  37. False
  38. False
  39. False
  40. 196

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