← 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 271 · 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. Meera sells it for ₹41. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  4. 4.Kabir makes 7 friendship bands at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  5. 5.One cup of lemonade costs Ishaan ₹20 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  7. 7.True or false: “cost of making one” is the cost price. (a) True (b) False
  8. 8.It costs ₹35 to make one painted pebble. On the last day Lakshmi sells it for only ₹32. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.Riya makes 17 cupcakes at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  11. 11.It costs ₹12 to make one cup of lemonade. On the last day Aarav sells it for only ₹9. How much is the loss on one (in ₹)?
  12. 12.It costs ₹46 to make one handmade card. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  13. 13.It costs ₹12 to make one clay diya. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  14. 14.It costs ₹9 to make one fruit cup. Diya sells it for ₹28. What is the profit on one (in ₹)?
  15. 15.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  16. 16.It costs ₹15 to make one handmade card. On the last day Saanvi sells it for only ₹12. How much is the loss on one (in ₹)?
  17. 17.True or false: “money got from a sale” is the cost price. (a) True (b) False
  18. 18.One fruit cup costs ₹55 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  19. 19.One bag of popcorn costs Diya ₹27 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹52 to make one potted plant. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  21. 21.Lakshmi makes 12 cups of lemonade at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  22. 22.One cup of lemonade costs ₹31 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹34 to make one paper bookmark. On the last day Kavya sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.It costs ₹34 to make one cup of lemonade. Riya sells it for ₹48. What is the profit on one (in ₹)?
  25. 25.It costs ₹6 to make one cup of lemonade. Vihaan sells it for ₹22. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs Meera ₹36 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹62 to make one glass of chai. On the last day Tara sells it for only ₹56. How much is the loss on one (in ₹)?
  28. 28.One clay diya costs ₹15 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  30. 30.One cup of lemonade costs ₹42 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.Vihaan makes 18 glasses of chai at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.It costs ₹42 to make one cupcake. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  34. 34.It costs ₹38 to make one paper bookmark. Diya sells it for ₹51. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  36. 36.It costs ₹43 to make one friendship band. On the last day Ananya sells it for only ₹38. How much is the loss on one (in ₹)?
  37. 37.It costs ₹27 to make one handmade card. Meera sells it for ₹34. What is the profit on one (in ₹)?
  38. 38.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  39. 39.It costs ₹24 to make one painted pebble. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) True (b) False

Answer key

  1. cost price
  2. 17
  3. what it cost you
  4. 35
  5. Profit
  6. SP more than CP
  7. True
  8. 3
  9. cost price
  10. 85
  11. 3
  12. 5
  13. 2
  14. 19
  15. what the buyer pays
  16. 3
  17. False
  18. 57
  19. Loss
  20. 6
  21. 12
  22. 46
  23. 5
  24. 14
  25. 16
  26. Loss
  27. 6
  28. 31
  29. cost price
  30. 61
  31. 234
  32. selling price
  33. 10
  34. 13
  35. selling price
  36. 5
  37. 7
  38. SP less than CP
  39. 9
  40. True

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