← 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 269 · 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: the wholesale price paid? (a) selling price (b) cost price
  2. 2.It costs ₹24 to make one paper bookmark. Riya sells it for ₹28. What is the profit on one (in ₹)?
  3. 3.It costs ₹7 to make one friendship band. Ishaan sells it for ₹9. What is the profit on one (in ₹)?
  4. 4.Lakshmi makes 19 handmade cards at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  5. 5.True or false: “money spent to get it” is the cost price. (a) False (b) True
  6. 6.Meera makes 8 paper bookmarks at a cost of ₹26 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  7. 7.Dev makes 17 bags of popcorn at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  8. 8.One paper bookmark costs Gurpreet ₹59 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.True or false: “money spent to get it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.One painted pebble costs ₹26 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  19. 19.It costs ₹58 to make one glass of chai. Joseph sells it for ₹70. What is the profit on one (in ₹)?
  20. 20.It costs ₹58 to make one glass of chai. On the last day Arjun sells it for only ₹51. How much is the loss on one (in ₹)?
  21. 21.It costs ₹45 to make one glass of chai. Meera sells it for ₹64. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹23 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.It costs ₹23 to make one fruit cup. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) False (b) True
  27. 27.It costs ₹5 to make one handmade card. Diya sells it for ₹16. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹34 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹48 to make one potted plant. Saanvi sells it for ₹50. What is the profit on one (in ₹)?
  30. 30.It costs ₹39 to make one clay diya. On the last day Zoya sells it for only ₹31. How much is the loss on one (in ₹)?
  31. 31.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  32. 32.It costs ₹11 to make one jute bag. Riya sells it for ₹16. What is the profit on one (in ₹)?
  33. 33.It costs ₹16 to make one fruit cup. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  35. 35.It costs ₹44 to make one handmade card. Joseph sells it for ₹50. What is the profit on one (in ₹)?
  36. 36.One paper bookmark costs ₹12 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹54 to make one handmade card. On the last day Meera sells it for only ₹49. How much is the loss on one (in ₹)?
  38. 38.It costs ₹28 to make one handmade card. On the last day Kabir sells it for only ₹25. How much is the loss on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the selling price. (a) True (b) False
  40. 40.Diya makes 10 glasses of chai at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. 4
  3. 2
  4. 95
  5. True
  6. 8
  7. 204
  8. Profit
  9. SP less than CP
  10. cost price
  11. True
  12. False
  13. what the buyer pays
  14. selling price
  15. False
  16. selling price
  17. 31
  18. what it cost you
  19. 12
  20. 7
  21. 19
  22. 35
  23. cost price
  24. selling price
  25. 7
  26. False
  27. 11
  28. 53
  29. 2
  30. 8
  31. SP more than CP
  32. 5
  33. 14
  34. selling price
  35. 6
  36. 20
  37. 5
  38. 3
  39. True
  40. 150

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