← 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 308 · 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.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  2. 2.Kabir makes 18 fruit cups at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  3. 3.Tara makes 16 cups of lemonade at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  4. 4.True or false: “the price on your board” is the cost price. (a) True (b) False
  5. 5.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  7. 7.Rohan makes 8 glasses of chai at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  8. 8.It costs ₹42 to make one friendship band. Nisha sells it for ₹45. What is the profit on one (in ₹)?
  9. 9.It costs ₹30 to make one paper bookmark. Kabir sells it for ₹39. What is the profit on one (in ₹)?
  10. 10.One clay diya costs Saanvi ₹26 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.One handmade card costs ₹42 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  14. 14.One potted plant costs Kavya ₹41 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.One fruit cup costs ₹18 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹14 to make one jute bag. Aarav sells it for ₹32. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.It costs ₹18 to make one handmade card. Kavya sells it for ₹32. What is the profit on one (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) False (b) True
  22. 22.It costs ₹36 to make one clay diya. On the last day Ishaan sells it for only ₹30. How much is the loss on one (in ₹)?
  23. 23.Nisha makes 19 cupcakes at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.It costs ₹57 to make one paper bookmark. On the last day Ishaan sells it for only ₹51. How much is the loss on one (in ₹)?
  26. 26.One bag of popcorn costs ₹20 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) True (b) False
  28. 28.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  29. 29.It costs ₹43 to make one paper bookmark. Rohan sells it for ₹56. What is the profit on one (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.One paper bookmark costs Tara ₹41 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One cupcake costs ₹34 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.One cup of lemonade costs ₹42 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.Joseph makes 8 friendship bands at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.It costs ₹46 to make one handmade card. On the last day Dev sells it for only ₹36. How much is the loss on one (in ₹)?
  37. 37.It costs ₹10 to make one cup of lemonade. Meera sells it for ₹28. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  39. 39.True or false: “what you paid for it” is the cost price. (a) True (b) False
  40. 40.One cup of lemonade costs Meera ₹18 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP more than CP
  2. 54
  3. 128
  4. False
  5. what the buyer pays
  6. what it cost you
  7. 80
  8. 3
  9. 9
  10. Profit
  11. True
  12. cost price
  13. 48
  14. Profit
  15. cost price
  16. selling price
  17. 29
  18. 18
  19. selling price
  20. 14
  21. False
  22. 6
  23. 171
  24. cost price
  25. 6
  26. 25
  27. True
  28. SP less than CP
  29. 13
  30. False
  31. Profit
  32. 37
  33. 47
  34. 80
  35. cost price
  36. 10
  37. 18
  38. selling price
  39. True
  40. Profit

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