← 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 117 · 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.It costs ₹24 to make one cup of lemonade. On the last day Aarav sells it for only ₹20. How much is the loss on one (in ₹)?
  2. 2.Farhan makes 21 handmade cards at a cost of ₹39 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  3. 3.It costs ₹33 to make one paper bookmark. Kabir sells it for ₹43. What is the profit on one (in ₹)?
  4. 4.One friendship band costs ₹40 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.Diya makes 5 jute bags at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  6. 6.One paper bookmark costs ₹31 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.It costs ₹40 to make one bag of popcorn. Riya sells it for ₹59. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹8 to make one cupcake. Meera sells it for ₹11. What is the profit on one (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) True (b) False
  12. 12.One bag of popcorn costs Kabir ₹17 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.It costs ₹38 to make one friendship band. Meera sells it for ₹57. What is the profit on one (in ₹)?
  15. 15.It costs ₹10 to make one cup of lemonade. On the last day Rohan sells it for only ₹9. How much is the loss on one (in ₹)?
  16. 16.It costs ₹31 to make one handmade card. Joseph sells it for ₹43. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.One bag of popcorn costs ₹24 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.Meera makes 29 handmade cards at a cost of ₹21 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  20. 20.It costs ₹24 to make one bag of popcorn. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  21. 21.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.One cupcake costs ₹58 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  24. 24.Meera makes 15 clay diyas at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  25. 25.True or false: “money got from a sale” is the selling price. (a) False (b) True
  26. 26.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.It costs ₹17 to make one painted pebble. Meera sells it for ₹31. What is the profit on one (in ₹)?
  31. 31.One jute bag costs ₹29 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  33. 33.It costs ₹32 to make one cup of lemonade. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  34. 34.True or false: “the price you sell at” is the cost price. (a) True (b) False
  35. 35.Nisha makes 25 bags of popcorn at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  36. 36.It costs ₹40 to make one clay diya. On the last day Arjun sells it for only ₹38. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  38. 38.Saanvi makes 30 painted pebbles at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  39. 39.It costs ₹55 to make one cupcake. Tara sells it for ₹59. What is the profit on one (in ₹)?
  40. 40.It costs ₹16 to make one glass of chai. Nisha sells it for ₹25. What is the profit on one (in ₹)?

Answer key

  1. 4
  2. 294
  3. 10
  4. 41
  5. 10
  6. 37
  7. selling price
  8. 19
  9. cost price
  10. 3
  11. False
  12. Loss
  13. selling price
  14. 19
  15. 1
  16. 12
  17. selling price
  18. 30
  19. 290
  20. 4
  21. SP more than CP
  22. cost price
  23. 69
  24. 195
  25. True
  26. what the buyer pays
  27. False
  28. False
  29. cost price
  30. 14
  31. 40
  32. SP less than CP
  33. 1
  34. False
  35. 275
  36. 2
  37. what it cost you
  38. 150
  39. 4
  40. 9

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