← 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 135 · 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 less than CP (b) SP more than CP (c) never (d) SP equal to CP
  2. 2.One glass of chai costs Rohan ₹57 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹45 to make one clay diya. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  4. 4.Lakshmi makes 12 clay diyas at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  5. 5.One glass of chai costs ₹18 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  6. 6.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  7. 7.One handmade card costs Saanvi ₹47 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “cost of making one” is the cost price. (a) True (b) False
  9. 9.It costs ₹23 to make one potted plant. Riya sells it for ₹38. What is the profit on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.Gurpreet makes 14 bags of popcorn at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  13. 13.One bag of popcorn costs Kabir ₹46 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹10 to make one handmade card. On the last day Ishaan sells it for only ₹9. How much is the loss on one (in ₹)?
  15. 15.It costs ₹59 to make one cup of lemonade. Nisha sells it for ₹71. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.One friendship band costs ₹29 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹40 to make one friendship band. On the last day Saanvi sells it for only ₹33. How much is the loss on one (in ₹)?
  19. 19.True or false: “what a customer pays” is the selling price. (a) True (b) False
  20. 20.Nisha makes 16 bags of popcorn at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  21. 21.One bag of popcorn costs Lakshmi ₹48 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Vihaan makes 19 fruit cups at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  23. 23.True or false: “what a customer pays” is the cost price. (a) False (b) True
  24. 24.One glass of chai costs Dev ₹29 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Saanvi makes 11 jute bags at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  26. 26.Dev makes 24 glasses of chai at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  27. 27.One handmade card costs Ananya ₹18 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One painted pebble costs ₹51 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹27 to make one potted plant. Gurpreet sells it for ₹38. What is the profit on one (in ₹)?
  30. 30.One potted plant costs Aarav ₹22 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One cup of lemonade costs Meera ₹20 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One clay diya costs ₹46 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.Kabir makes 19 potted plants at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  38. 38.It costs ₹8 to make one friendship band. Kavya sells it for ₹13. What is the profit on one (in ₹)?
  39. 39.Kabir makes 19 handmade cards at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  40. 40.One jute bag costs Vihaan ₹46 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP more than CP
  2. Loss
  3. 4
  4. 156
  5. 19
  6. what the buyer pays
  7. Profit
  8. True
  9. 15
  10. SP less than CP
  11. cost price
  12. 182
  13. Profit
  14. 1
  15. 12
  16. cost price
  17. 33
  18. 7
  19. True
  20. 96
  21. Profit
  22. 190
  23. False
  24. Profit
  25. 165
  26. 96
  27. Profit
  28. 58
  29. 11
  30. Loss
  31. Profit
  32. 52
  33. cost price
  34. True
  35. 285
  36. selling price
  37. what it cost you
  38. 5
  39. 247
  40. Loss

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