← 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 993 · 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 loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.One friendship band costs Arjun ₹60 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  5. 5.One potted plant costs Gurpreet ₹58 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹49 to make one cup of lemonade. On the last day Tara sells it for only ₹42. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.It costs ₹36 to make one bag of popcorn. Ishaan sells it for ₹48. What is the profit on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.One bag of popcorn costs Nisha ₹30 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One paper bookmark costs Lakshmi ₹57 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  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: cost of making one? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.One clay diya costs ₹39 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.Nisha makes 30 jute bags at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  22. 22.Rohan makes 28 friendship bands at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  23. 23.One clay diya costs Zoya ₹28 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the price on your board” is the cost price. (a) False (b) True
  25. 25.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  26. 26.True or false: “what you paid for it” is the selling price. (a) True (b) False
  27. 27.It costs ₹25 to make one glass of chai. On the last day Nisha sells it for only ₹21. How much is the loss on one (in ₹)?
  28. 28.One glass of chai costs Nisha ₹29 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  30. 30.One painted pebble costs ₹8 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.One jute bag costs ₹43 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹43 to make one jute bag. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  34. 34.Arjun makes 21 painted pebbles at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  35. 35.Kabir makes 27 glasses of chai at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  36. 36.It costs ₹53 to make one paper bookmark. Meera sells it for ₹73. What is the profit on one (in ₹)?
  37. 37.It costs ₹65 to make one cup of lemonade. On the last day Vihaan sells it for only ₹57. How much is the loss on one (in ₹)?
  38. 38.True or false: “the price you sell at” is the selling price. (a) False (b) True
  39. 39.One handmade card costs Farhan ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. SP less than CP
  2. selling price
  3. Profit
  4. what the buyer pays
  5. Loss
  6. 7
  7. cost price
  8. False
  9. True
  10. True
  11. selling price
  12. 12
  13. True
  14. Profit
  15. Loss
  16. False
  17. cost price
  18. cost price
  19. False
  20. 50
  21. 30
  22. 392
  23. Loss
  24. False
  25. SP more than CP
  26. False
  27. 4
  28. Profit
  29. what it cost you
  30. 20
  31. selling price
  32. 59
  33. 10
  34. 168
  35. 108
  36. 20
  37. 8
  38. True
  39. Loss
  40. cost price

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