← 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 152 · 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 ₹61 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  2. 2.It costs ₹33 to make one bag of popcorn. Farhan sells it for ₹37. What is the profit on one (in ₹)?
  3. 3.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  4. 4.True or false: “the price on your board” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  8. 8.One jute bag costs Zoya ₹39 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.Joseph makes 9 friendship bands at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.It costs ₹38 to make one handmade card. On the last day Nisha sells it for only ₹37. How much is the loss on one (in ₹)?
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.It costs ₹5 to make one friendship band. Riya sells it for ₹14. What is the profit on one (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  17. 17.It costs ₹50 to make one cup of lemonade. Nisha sells it for ₹66. What is the profit on one (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.One bag of popcorn costs ₹14 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  20. 20.One bag of popcorn costs Joseph ₹35 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  22. 22.One cupcake costs Vihaan ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One friendship band costs Tara ₹43 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One friendship band costs Dev ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.One handmade card costs ₹39 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹44 to make one handmade card. On the last day Riya sells it for only ₹42. How much is the loss on one (in ₹)?
  28. 28.It costs ₹61 to make one paper bookmark. On the last day Riya sells it for only ₹58. How much is the loss on one (in ₹)?
  29. 29.One jute bag costs ₹39 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.One bag of popcorn costs ₹23 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.Saanvi makes 5 friendship bands at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  33. 33.It costs ₹39 to make one paper bookmark. On the last day Saanvi sells it for only ₹31. How much is the loss on one (in ₹)?
  34. 34.Rohan makes 16 friendship bands at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  35. 35.Rohan makes 18 potted plants at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  36. 36.Arjun makes 16 cups of lemonade at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  37. 37.It costs ₹20 to make one clay diya. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  38. 38.It costs ₹43 to make one potted plant. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. 7
  2. 4
  3. SP more than CP
  4. False
  5. cost price
  6. selling price
  7. what it cost you
  8. Loss
  9. 99
  10. cost price
  11. what the buyer pays
  12. cost price
  13. 1
  14. False
  15. 9
  16. False
  17. 16
  18. False
  19. 31
  20. Profit
  21. SP less than CP
  22. Loss
  23. Loss
  24. Profit
  25. True
  26. 51
  27. 2
  28. 3
  29. 40
  30. True
  31. 26
  32. 65
  33. 8
  34. 112
  35. 90
  36. 160
  37. 2
  38. 1
  39. selling price
  40. True

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