← 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 249 · 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 or selling price: money spent to get it? (a) selling price (b) cost price
  2. 2.One handmade card costs ₹8 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “cost of making one” is the cost price. (a) True (b) False
  4. 4.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  7. 7.It costs ₹21 to make one cup of lemonade. On the last day Meera sells it for only ₹15. How much is the loss on one (in ₹)?
  8. 8.It costs ₹41 to make one jute bag. Rohan sells it for ₹43. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.One fruit cup costs ₹51 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  11. 11.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.True or false: “the price on your board” is the selling price. (a) True (b) False
  14. 14.It costs ₹22 to make one glass of chai. On the last day Kavya sells it for only ₹18. How much is the loss on one (in ₹)?
  15. 15.It costs ₹52 to make one clay diya. Diya sells it for ₹68. What is the profit on one (in ₹)?
  16. 16.It costs ₹9 to make one handmade card. Aarav sells it for ₹27. What is the profit on one (in ₹)?
  17. 17.Ishaan makes 28 potted plants at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  19. 19.It costs ₹9 to make one glass of chai. Meera sells it for ₹19. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.One friendship band costs ₹58 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.Riya makes 12 cupcakes at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  25. 25.It costs ₹11 to make one handmade card. Tara sells it for ₹12. What is the profit on one (in ₹)?
  26. 26.Tara makes 11 potted plants at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price you sell at” is the selling price. (a) False (b) True
  28. 28.True or false: “the price on your board” is the cost price. (a) True (b) False
  29. 29.It costs ₹29 to make one handmade card. On the last day Diya sells it for only ₹24. How much is the loss on one (in ₹)?
  30. 30.It costs ₹39 to make one cupcake. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?
  31. 31.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  32. 32.One fruit cup costs Lakshmi ₹44 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One paper bookmark costs ₹11 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  34. 34.Aarav makes 27 clay diyas at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  35. 35.It costs ₹32 to make one clay diya. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.One jute bag costs ₹10 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹21 to make one bag of popcorn. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the cost price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.Gurpreet makes 20 handmade cards at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. 21
  3. True
  4. SP less than CP
  5. True
  6. True
  7. 6
  8. 2
  9. cost price
  10. 53
  11. SP more than CP
  12. selling price
  13. True
  14. 4
  15. 16
  16. 18
  17. 56
  18. what it cost you
  19. 10
  20. selling price
  21. False
  22. 62
  23. selling price
  24. 12
  25. 1
  26. 154
  27. True
  28. False
  29. 5
  30. 10
  31. what the buyer pays
  32. Loss
  33. 25
  34. 378
  35. 1
  36. 11
  37. 1
  38. False
  39. cost price
  40. 240

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