← 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 317 · 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.One cupcake costs Ishaan ₹35 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.One clay diya costs ₹25 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  5. 5.One handmade card costs Vihaan ₹57 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One bag of popcorn costs ₹52 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹48 to make one paper bookmark. On the last day Kavya sells it for only ₹44. How much is the loss on one (in ₹)?
  8. 8.It costs ₹59 to make one handmade card. Arjun sells it for ₹79. What is the profit on one (in ₹)?
  9. 9.Farhan makes 24 handmade cards at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.It costs ₹68 to make one painted pebble. On the last day Arjun sells it for only ₹59. How much is the loss on one (in ₹)?
  15. 15.Diya makes 14 painted pebbles at a cost of ₹13 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  16. 16.One jute bag costs Diya ₹60 to make and sells for ₹75. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.Kavya makes 20 glasses of chai at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  21. 21.It costs ₹60 to make one jute bag. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  23. 23.It costs ₹33 to make one bag of popcorn. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.It costs ₹12 to make one fruit cup. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  26. 26.It costs ₹16 to make one jute bag. On the last day Diya sells it for only ₹15. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.One glass of chai costs Meera ₹47 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.It costs ₹51 to make one friendship band. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  32. 32.It costs ₹29 to make one bag of popcorn. On the last day Farhan sells it for only ₹20. How much is the loss on one (in ₹)?
  33. 33.One handmade card costs Kabir ₹47 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹46 to make one potted plant. On the last day Kabir sells it for only ₹42. How much is the loss on one (in ₹)?
  35. 35.It costs ₹50 to make one cup of lemonade. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.It costs ₹56 to make one potted plant. On the last day Aarav sells it for only ₹55. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.One painted pebble costs Dev ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. Profit
  2. SP more than CP
  3. selling price
  4. 32
  5. Loss
  6. 71
  7. 4
  8. 20
  9. 24
  10. True
  11. cost price
  12. what the buyer pays
  13. False
  14. 9
  15. 84
  16. Profit
  17. cost price
  18. False
  19. 160
  20. cost price
  21. 8
  22. cost price
  23. 2
  24. True
  25. 7
  26. 1
  27. selling price
  28. Profit
  29. SP less than CP
  30. False
  31. 4
  32. 9
  33. Loss
  34. 4
  35. 8
  36. what it cost you
  37. selling price
  38. 1
  39. selling price
  40. Loss

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