← 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 127 · 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 means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  2. 2.One paper bookmark costs Kavya ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One friendship band costs ₹45 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹5 to make one cupcake. Vihaan sells it for ₹11. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  7. 7.One painted pebble costs Kavya ₹46 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One glass of chai costs ₹21 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹45 to make one cup of lemonade. On the last day Zoya sells it for only ₹44. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.True or false: “cost of making one” is the selling price. (a) True (b) False
  16. 16.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  17. 17.It costs ₹26 to make one painted pebble. Vihaan sells it for ₹35. What is the profit on one (in ₹)?
  18. 18.One jute bag costs Arjun ₹37 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹33 to make one cupcake. Ananya sells it for ₹36. What is the profit on one (in ₹)?
  20. 20.Dev makes 20 handmade cards at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  21. 21.True or false: “the price on your board” is the selling price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.It costs ₹17 to make one handmade card. On the last day Zoya sells it for only ₹15. How much is the loss on one (in ₹)?
  24. 24.It costs ₹64 to make one friendship band. On the last day Farhan sells it for only ₹56. How much is the loss on one (in ₹)?
  25. 25.One painted pebble costs ₹49 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  26. 26.Aarav makes 25 friendship bands at a cost of ₹19 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  27. 27.Kavya makes 12 cupcakes at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  28. 28.True or false: “the price on your board” is the cost price. (a) False (b) True
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  30. 30.It costs ₹34 to make one friendship band. Zoya sells it for ₹45. What is the profit on one (in ₹)?
  31. 31.Kabir makes 30 cups of lemonade at a cost of ₹8 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) False (b) True
  33. 33.Dev makes 25 cupcakes at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.One cup of lemonade costs ₹33 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.Riya makes 8 clay diyas at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  37. 37.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  38. 38.Kabir makes 21 handmade cards at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  39. 39.Dev makes 21 glasses of chai at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  40. 40.One friendship band costs Tara ₹16 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what it cost you
  2. Loss
  3. 47
  4. 6
  5. selling price
  6. SP more than CP
  7. Profit
  8. 25
  9. 1
  10. cost price
  11. cost price
  12. cost price
  13. selling price
  14. False
  15. False
  16. what the buyer pays
  17. 9
  18. Profit
  19. 3
  20. 20
  21. True
  22. selling price
  23. 2
  24. 8
  25. 53
  26. 25
  27. 132
  28. False
  29. cost price
  30. 11
  31. 240
  32. False
  33. 300
  34. False
  35. 36
  36. 32
  37. SP less than CP
  38. 231
  39. 42
  40. Loss

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