← 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 347 · 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.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  2. 2.It costs ₹30 to make one jute bag. Kabir sells it for ₹42. What is the profit on one (in ₹)?
  3. 3.It costs ₹19 to make one jute bag. On the last day Ananya sells it for only ₹17. How much is the loss on one (in ₹)?
  4. 4.Kavya makes 5 paper bookmarks at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.One potted plant costs Nisha ₹26 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One cup of lemonade costs Lakshmi ₹25 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.Vihaan makes 14 cupcakes at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  11. 11.One fruit cup costs Diya ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “cost of making one” is the cost price. (a) True (b) False
  13. 13.It costs ₹21 to make one handmade card. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
  14. 14.Nisha makes 9 clay diyas at a cost of ₹33 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  15. 15.One painted pebble costs ₹57 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  17. 17.Meera makes 25 fruit cups at a cost of ₹33 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  20. 20.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  21. 21.One handmade card costs Vihaan ₹22 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  23. 23.It costs ₹12 to make one potted plant. Meera sells it for ₹30. What is the profit on one (in ₹)?
  24. 24.One clay diya costs ₹27 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹13 to make one paper bookmark. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  26. 26.True or false: “what you paid for it” is the selling price. (a) False (b) True
  27. 27.It costs ₹41 to make one fruit cup. On the last day Dev sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.It costs ₹59 to make one painted pebble. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.True or false: “cost of making one” is the selling price. (a) True (b) False
  32. 32.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  33. 33.It costs ₹25 to make one fruit cup. On the last day Dev sells it for only ₹15. How much is the loss on one (in ₹)?
  34. 34.One handmade card costs Lakshmi ₹53 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹21 to make one cupcake. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  36. 36.True or false: “money got from a sale” is the selling price. (a) True (b) False
  37. 37.True or false: “money got from a sale” is the cost price. (a) True (b) False
  38. 38.It costs ₹16 to make one clay diya. Aarav sells it for ₹27. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  40. 40.One cup of lemonade costs ₹32 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 12
  3. 2
  4. 70
  5. True
  6. True
  7. cost price
  8. Loss
  9. Loss
  10. 182
  11. Loss
  12. True
  13. 5
  14. 63
  15. 76
  16. selling price
  17. 175
  18. cost price
  19. SP less than CP
  20. what it cost you
  21. Loss
  22. SP more than CP
  23. 18
  24. 35
  25. 13
  26. False
  27. 3
  28. True
  29. 6
  30. False
  31. False
  32. what the buyer pays
  33. 10
  34. Profit
  35. 4
  36. True
  37. False
  38. 11
  39. cost price
  40. 50

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