← 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 280 · 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.Tara makes 30 glasses of chai at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.True or false: “cost of making one” is the cost price. (a) True (b) False
  5. 5.It costs ₹53 to make one glass of chai. On the last day Nisha sells it for only ₹44. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  7. 7.True or false: “money spent to get it” is the selling price. (a) True (b) False
  8. 8.Tara makes 11 clay diyas at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  10. 10.It costs ₹60 to make one potted plant. Diya sells it for ₹79. What is the profit on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the selling price. (a) True (b) False
  12. 12.It costs ₹42 to make one painted pebble. On the last day Ishaan sells it for only ₹34. How much is the loss on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.It costs ₹19 to make one painted pebble. Arjun sells it for ₹24. What is the profit on one (in ₹)?
  15. 15.Arjun makes 7 cupcakes at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  16. 16.One bag of popcorn costs ₹18 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  18. 18.Meera makes 8 potted plants at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  19. 19.One jute bag costs Aarav ₹26 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹6 to make one clay diya. Arjun sells it for ₹21. What is the profit on one (in ₹)?
  21. 21.Zoya makes 6 friendship bands at a cost of ₹25 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  22. 22.It costs ₹10 to make one glass of chai. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  23. 23.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  24. 24.One fruit cup costs Ishaan ₹33 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One potted plant costs Rohan ₹24 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One bag of popcorn costs ₹15 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.One cup of lemonade costs ₹16 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  29. 29.One bag of popcorn costs ₹53 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹35 to make one potted plant. On the last day Vihaan sells it for only ₹29. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  33. 33.It costs ₹64 to make one bag of popcorn. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.It costs ₹41 to make one handmade card. On the last day Kavya sells it for only ₹40. How much is the loss on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.It costs ₹7 to make one jute bag. Diya sells it for ₹20. What is the profit on one (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
  38. 38.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  39. 39.One glass of chai costs Aarav ₹60 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹59 to make one cupcake. On the last day Gurpreet sells it for only ₹56. How much is the loss on one (in ₹)?

Answer key

  1. 90
  2. cost price
  3. cost price
  4. True
  5. 9
  6. SP more than CP
  7. False
  8. 33
  9. selling price
  10. 19
  11. True
  12. 8
  13. False
  14. 5
  15. 77
  16. 21
  17. selling price
  18. 24
  19. Loss
  20. 15
  21. 42
  22. 5
  23. SP less than CP
  24. Profit
  25. Profit
  26. 28
  27. cost price
  28. 23
  29. 54
  30. 6
  31. what it cost you
  32. selling price
  33. 9
  34. 1
  35. False
  36. 13
  37. False
  38. what the buyer pays
  39. Profit
  40. 3

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