← 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 199 · 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 more than CP (b) SP equal to CP (c) SP less than CP (d) never
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.It costs ₹55 to make one handmade card. On the last day Aarav sells it for only ₹48. How much is the loss on one (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  8. 8.One friendship band costs ₹58 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  9. 9.One fruit cup costs ₹22 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹26 to make one cupcake. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  11. 11.It costs ₹50 to make one glass of chai. On the last day Riya sells it for only ₹49. How much is the loss on one (in ₹)?
  12. 12.It costs ₹36 to make one cupcake. Aarav sells it for ₹55. What is the profit on one (in ₹)?
  13. 13.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  14. 14.One fruit cup costs ₹21 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹43 to make one glass of chai. Diya sells it for ₹60. What is the profit on one (in ₹)?
  16. 16.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  17. 17.It costs ₹58 to make one paper bookmark. On the last day Rohan sells it for only ₹54. How much is the loss on one (in ₹)?
  18. 18.Saanvi makes 19 clay diyas at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.True or false: “cost of making one” is the cost price. (a) False (b) True
  21. 21.One handmade card costs ₹30 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  22. 22.Ananya makes 23 clay diyas at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  23. 23.One bag of popcorn costs ₹53 to make. Tara wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) False (b) True
  25. 25.Gurpreet makes 17 glasses of chai at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  26. 26.One glass of chai costs ₹34 to make. Joseph wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  27. 27.One painted pebble costs Meera ₹37 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One potted plant costs ₹51 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹56 to make one jute bag. On the last day Kavya sells it for only ₹54. How much is the loss on one (in ₹)?
  30. 30.It costs ₹60 to make one cupcake. On the last day Lakshmi sells it for only ₹59. How much is the loss on one (in ₹)?
  31. 31.One cup of lemonade costs Diya ₹58 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  34. 34.One cup of lemonade costs ₹30 to make. Diya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹33 to make one paper bookmark. Zoya sells it for ₹40. What is the profit on one (in ₹)?
  36. 36.Tara makes 20 cups of lemonade at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  37. 37.It costs ₹11 to make one paper bookmark. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  38. 38.It costs ₹13 to make one glass of chai. Lakshmi sells it for ₹19. What is the profit on one (in ₹)?
  39. 39.It costs ₹48 to make one painted pebble. On the last day Riya sells it for only ₹47. How much is the loss on one (in ₹)?
  40. 40.One painted pebble costs ₹9 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?

Answer key

  1. SP more than CP
  2. selling price
  3. 7
  4. False
  5. cost price
  6. cost price
  7. selling price
  8. 74
  9. 36
  10. 1
  11. 1
  12. 19
  13. what the buyer pays
  14. 26
  15. 17
  16. SP less than CP
  17. 4
  18. 95
  19. False
  20. True
  21. 39
  22. 46
  23. 68
  24. True
  25. 17
  26. 42
  27. Profit
  28. 58
  29. 2
  30. 1
  31. Loss
  32. selling price
  33. what it cost you
  34. 46
  35. 7
  36. 160
  37. 3
  38. 6
  39. 1
  40. 17

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