← 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 296 · 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 price on your board? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.It costs ₹31 to make one paper bookmark. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  4. 4.It costs ₹21 to make one painted pebble. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.It costs ₹39 to make one painted pebble. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  10. 10.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  11. 11.One potted plant costs ₹17 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  15. 15.One jute bag costs Saanvi ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  17. 17.True or false: “what a customer pays” is the selling price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.It costs ₹29 to make one fruit cup. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  20. 20.One glass of chai costs ₹32 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  21. 21.Joseph makes 16 clay diyas at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  22. 22.One cup of lemonade costs ₹29 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹41 to make one glass of chai. Meera sells it for ₹44. What is the profit on one (in ₹)?
  24. 24.Dev makes 20 fruit cups at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  25. 25.It costs ₹11 to make one fruit cup. Riya sells it for ₹20. What is the profit on one (in ₹)?
  26. 26.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.One glass of chai costs ₹41 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “money got from a sale” is the cost price. (a) False (b) True
  30. 30.It costs ₹32 to make one cup of lemonade. Arjun sells it for ₹39. What is the profit on one (in ₹)?
  31. 31.It costs ₹52 to make one handmade card. Saanvi sells it for ₹57. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  33. 33.One cup of lemonade costs Aarav ₹51 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One paper bookmark costs Meera ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Vihaan makes 20 potted plants at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  36. 36.One bag of popcorn costs ₹17 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.One jute bag costs ₹50 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs Kabir ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹6 to make one friendship band. Gurpreet sells it for ₹8. What is the profit on one (in ₹)?
  40. 40.It costs ₹13 to make one paper bookmark. Saanvi sells it for ₹32. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. selling price
  3. 1
  4. 14
  5. SP less than CP
  6. selling price
  7. True
  8. cost price
  9. 13
  10. what the buyer pays
  11. 36
  12. cost price
  13. selling price
  14. cost price
  15. Loss
  16. False
  17. True
  18. cost price
  19. 5
  20. 34
  21. 176
  22. 32
  23. 3
  24. 220
  25. 9
  26. SP more than CP
  27. True
  28. 58
  29. False
  30. 7
  31. 5
  32. what it cost you
  33. Loss
  34. Profit
  35. 280
  36. 32
  37. 52
  38. Loss
  39. 2
  40. 19

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