← 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 452 · 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.Saanvi makes 27 paper bookmarks at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  5. 5.It costs ₹28 to make one glass of chai. Gurpreet sells it for ₹36. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs Dev ₹39 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One glass of chai costs Tara ₹44 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.Tara makes 27 cups of lemonade at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.One glass of chai costs ₹15 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.One jute bag costs ₹28 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.It costs ₹58 to make one jute bag. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  15. 15.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.True or false: “the price you sell at” is the cost price. (a) True (b) False
  18. 18.It costs ₹6 to make one painted pebble. Kabir sells it for ₹21. What is the profit on one (in ₹)?
  19. 19.It costs ₹30 to make one cup of lemonade. On the last day Kavya sells it for only ₹25. How much is the loss on one (in ₹)?
  20. 20.One jute bag costs Tara ₹56 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  22. 22.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  23. 23.True or false: “cost of making one” is the cost price. (a) True (b) False
  24. 24.It costs ₹30 to make one cup of lemonade. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  25. 25.It costs ₹54 to make one paper bookmark. Saanvi sells it for ₹72. What is the profit on one (in ₹)?
  26. 26.It costs ₹39 to make one paper bookmark. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.It costs ₹22 to make one painted pebble. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.It costs ₹15 to make one paper bookmark. Dev sells it for ₹34. What is the profit on one (in ₹)?
  30. 30.True or false: “money spent to get it” is the selling price. (a) True (b) False
  31. 31.True or false: “money got from a sale” is the cost price. (a) True (b) False
  32. 32.It costs ₹57 to make one painted pebble. On the last day Diya sells it for only ₹52. How much is the loss on one (in ₹)?
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.One glass of chai costs ₹57 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  35. 35.Gurpreet makes 22 fruit cups at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  36. 36.It costs ₹27 to make one friendship band. Kavya sells it for ₹42. What is the profit on one (in ₹)?
  37. 37.It costs ₹34 to make one cup of lemonade. On the last day Ananya sells it for only ₹25. How much is the loss on one (in ₹)?
  38. 38.It costs ₹18 to make one bag of popcorn. Arjun sells it for ₹35. What is the profit on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the selling price. (a) True (b) False
  40. 40.One cup of lemonade costs ₹38 to make. Saanvi wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. 162
  2. SP more than CP
  3. what it cost you
  4. True
  5. 8
  6. Profit
  7. Loss
  8. selling price
  9. 351
  10. selling price
  11. 19
  12. 47
  13. selling price
  14. 5
  15. what the buyer pays
  16. cost price
  17. False
  18. 15
  19. 5
  20. Loss
  21. False
  22. SP less than CP
  23. True
  24. 10
  25. 18
  26. 2
  27. cost price
  28. 8
  29. 19
  30. False
  31. False
  32. 5
  33. False
  34. 77
  35. 286
  36. 15
  37. 9
  38. 17
  39. True
  40. 49

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