← 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 333 · 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.It costs ₹49 to make one glass of chai. Vihaan sells it for ₹67. What is the profit on one (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  5. 5.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.Arjun makes 9 cupcakes at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.One painted pebble costs Gurpreet ₹59 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.Kavya makes 14 handmade cards at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  12. 12.Gurpreet makes 13 paper bookmarks at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  14. 14.It costs ₹31 to make one jute bag. Aarav sells it for ₹32. What is the profit on one (in ₹)?
  15. 15.One jute bag costs Tara ₹20 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Rohan makes 13 clay diyas at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.It costs ₹16 to make one paper bookmark. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.It costs ₹10 to make one bag of popcorn. Tara sells it for ₹23. What is the profit on one (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) True (b) False
  23. 23.It costs ₹30 to make one clay diya. Dev sells it for ₹33. What is the profit on one (in ₹)?
  24. 24.It costs ₹28 to make one cup of lemonade. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  25. 25.It costs ₹29 to make one clay diya. On the last day Tara sells it for only ₹21. How much is the loss on one (in ₹)?
  26. 26.One jute bag costs ₹7 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  27. 27.One jute bag costs ₹19 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.It costs ₹39 to make one friendship band. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  30. 30.Kavya makes 19 cupcakes at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  31. 31.One fruit cup costs ₹50 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  32. 32.Arjun makes 25 painted pebbles at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.Ananya makes 27 handmade cards at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  34. 34.True or false: “what a customer pays” is the selling price. (a) False (b) True
  35. 35.It costs ₹36 to make one potted plant. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs Diya ₹49 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹19 to make one cup of lemonade. Joseph sells it for ₹24. What is the profit on one (in ₹)?
  38. 38.One painted pebble costs ₹15 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.Farhan makes 8 glasses of chai at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?

Answer key

  1. 18
  2. False
  3. True
  4. what it cost you
  5. SP more than CP
  6. cost price
  7. 54
  8. what the buyer pays
  9. selling price
  10. Loss
  11. 56
  12. 182
  13. SP less than CP
  14. 1
  15. Profit
  16. 195
  17. selling price
  18. cost price
  19. 4
  20. False
  21. 13
  22. False
  23. 3
  24. 1
  25. 8
  26. 10
  27. 23
  28. False
  29. 13
  30. 38
  31. 60
  32. 225
  33. 54
  34. True
  35. 1
  36. Loss
  37. 5
  38. 34
  39. False
  40. 16

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