← 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 384 · 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 ₹13 to make one handmade card. Saanvi sells it for ₹26. What is the profit on one (in ₹)?
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  3. 3.True or false: “the price on your board” is the cost price. (a) True (b) False
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.True or false: “money got from a sale” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.One glass of chai costs ₹11 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.Rohan makes 30 bags of popcorn at a cost of ₹20 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  10. 10.Saanvi makes 6 handmade cards at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  11. 11.It costs ₹25 to make one glass of chai. On the last day Tara sells it for only ₹17. How much is the loss on one (in ₹)?
  12. 12.It costs ₹23 to make one cupcake. On the last day Farhan sells it for only ₹19. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.It costs ₹39 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹33. How much is the loss on one (in ₹)?
  17. 17.One cupcake costs Diya ₹37 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  21. 21.One friendship band costs ₹5 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  22. 22.One bag of popcorn costs ₹35 to make. Ishaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  23. 23.Ananya makes 10 handmade cards at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  24. 24.Tara makes 20 clay diyas at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  25. 25.It costs ₹43 to make one potted plant. Riya sells it for ₹47. What is the profit on one (in ₹)?
  26. 26.It costs ₹6 to make one potted plant. Aarav sells it for ₹13. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  28. 28.One glass of chai costs ₹50 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹9 to make one cupcake. Ananya sells it for ₹23. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  31. 31.True or false: “what you paid for it” is the cost price. (a) False (b) True
  32. 32.It costs ₹48 to make one cupcake. On the last day Meera sells it for only ₹43. How much is the loss on one (in ₹)?
  33. 33.One handmade card costs ₹5 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  34. 34.One friendship band costs ₹42 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.Diya makes 28 friendship bands at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  36. 36.One painted pebble costs ₹58 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  38. 38.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  39. 39.One fruit cup costs Rohan ₹51 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One paper bookmark costs ₹19 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?

Answer key

  1. 13
  2. SP less than CP
  3. False
  4. False
  5. False
  6. selling price
  7. 18
  8. selling price
  9. 240
  10. 18
  11. 8
  12. 4
  13. cost price
  14. False
  15. cost price
  16. 6
  17. Loss
  18. what the buyer pays
  19. False
  20. True
  21. 21
  22. 47
  23. 10
  24. 120
  25. 4
  26. 7
  27. cost price
  28. 58
  29. 14
  30. what it cost you
  31. True
  32. 5
  33. 19
  34. 48
  35. 364
  36. 66
  37. selling price
  38. SP more than CP
  39. Loss
  40. 32

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