← 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 257 · 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.True or false: “what you paid for it” is the selling price. (a) False (b) True
  2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
  3. 3.One potted plant costs ₹17 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹25 to make one handmade card. Diya sells it for ₹36. What is the profit on one (in ₹)?
  5. 5.Vihaan makes 25 handmade cards at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  6. 6.It costs ₹45 to make one painted pebble. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  7. 7.True or false: “what a customer pays” is the cost price. (a) False (b) True
  8. 8.True or false: “cost of making one” is the selling price. (a) True (b) False
  9. 9.One cup of lemonade costs ₹12 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.One jute bag costs Diya ₹43 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.Arjun makes 9 cups of lemonade at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.It costs ₹19 to make one handmade card. On the last day Arjun sells it for only ₹15. How much is the loss on one (in ₹)?
  14. 14.It costs ₹34 to make one handmade card. On the last day Riya sells it for only ₹24. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.Vihaan makes 20 cupcakes at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  17. 17.It costs ₹47 to make one bag of popcorn. On the last day Saanvi sells it for only ₹42. How much is the loss on one (in ₹)?
  18. 18.It costs ₹15 to make one handmade card. Lakshmi sells it for ₹18. What is the profit on one (in ₹)?
  19. 19.It costs ₹50 to make one jute bag. Meera sells it for ₹62. What is the profit on one (in ₹)?
  20. 20.True or false: “cost of making one” is the cost price. (a) False (b) True
  21. 21.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  24. 24.It costs ₹23 to make one paper bookmark. On the last day Kavya sells it for only ₹13. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.One handmade card costs ₹24 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹7 to make one paper bookmark. On the last day Tara sells it for only ₹5. How much is the loss on one (in ₹)?
  28. 28.It costs ₹13 to make one friendship band. On the last day Vihaan sells it for only ₹10. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  30. 30.True or false: “money spent to get it” is the selling price. (a) False (b) True
  31. 31.It costs ₹54 to make one clay diya. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.Ananya makes 30 jute bags at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  34. 34.Tara makes 23 potted plants at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  35. 35.One cupcake costs ₹39 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.One bag of popcorn costs ₹18 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  38. 38.Ishaan makes 20 cups of lemonade at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  39. 39.Meera makes 11 cups of lemonade at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  40. 40.One jute bag costs ₹53 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. False
  3. 24
  4. 11
  5. 75
  6. 2
  7. False
  8. False
  9. 13
  10. selling price
  11. Loss
  12. 36
  13. 4
  14. 10
  15. cost price
  16. 160
  17. 5
  18. 3
  19. 12
  20. True
  21. what the buyer pays
  22. True
  23. SP less than CP
  24. 10
  25. selling price
  26. 43
  27. 2
  28. 3
  29. cost price
  30. False
  31. 2
  32. selling price
  33. 60
  34. 207
  35. 46
  36. 31
  37. SP more than CP
  38. 140
  39. 154
  40. 64

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