← 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 397 · 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 ₹19 to make one cup of lemonade. On the last day Rohan sells it for only ₹13. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.True or false: “the price you sell at” is the selling price. (a) True (b) False
  4. 4.Farhan makes 10 potted plants at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  5. 5.It costs ₹14 to make one paper bookmark. Rohan sells it for ₹18. What is the profit on one (in ₹)?
  6. 6.It costs ₹56 to make one clay diya. On the last day Zoya sells it for only ₹50. How much is the loss on one (in ₹)?
  7. 7.It costs ₹44 to make one cupcake. Gurpreet sells it for ₹57. What is the profit on one (in ₹)?
  8. 8.It costs ₹44 to make one handmade card. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  9. 9.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.It costs ₹27 to make one fruit cup. On the last day Kavya sells it for only ₹25. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  13. 13.Arjun makes 14 glasses of chai at a cost of ₹40 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  14. 14.It costs ₹28 to make one jute bag. On the last day Dev sells it for only ₹21. How much is the loss on one (in ₹)?
  15. 15.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  16. 16.It costs ₹49 to make one handmade card. Aarav sells it for ₹56. What is the profit on one (in ₹)?
  17. 17.It costs ₹40 to make one bag of popcorn. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  19. 19.One cup of lemonade costs Kavya ₹55 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Arjun makes 14 handmade cards at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  21. 21.One potted plant costs ₹47 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.It costs ₹27 to make one bag of popcorn. On the last day Aarav sells it for only ₹17. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.Rohan makes 18 glasses of chai at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  27. 27.It costs ₹46 to make one jute bag. On the last day Meera sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.One jute bag costs Riya ₹40 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹24 to make one handmade card. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  30. 30.It costs ₹31 to make one bag of popcorn. On the last day Tara sells it for only ₹29. How much is the loss on one (in ₹)?
  31. 31.One cupcake costs ₹49 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price on your board” is the cost price. (a) True (b) False
  33. 33.It costs ₹26 to make one clay diya. On the last day Zoya sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  35. 35.One glass of chai costs ₹46 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  36. 36.One friendship band costs Gurpreet ₹44 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.One painted pebble costs Diya ₹40 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.Gurpreet makes 28 glasses of chai at a cost of ₹29 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  40. 40.It costs ₹62 to make one painted pebble. On the last day Ananya sells it for only ₹53. How much is the loss on one (in ₹)?

Answer key

  1. 6
  2. cost price
  3. True
  4. 80
  5. 4
  6. 6
  7. 13
  8. 4
  9. SP less than CP
  10. cost price
  11. 2
  12. what it cost you
  13. 56
  14. 7
  15. what the buyer pays
  16. 7
  17. 12
  18. SP more than CP
  19. Profit
  20. 126
  21. 54
  22. False
  23. 10
  24. selling price
  25. False
  26. 108
  27. 8
  28. Loss
  29. 6
  30. 2
  31. 58
  32. False
  33. 4
  34. True
  35. 63
  36. Loss
  37. True
  38. Profit
  39. 112
  40. 9

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