← 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 462 · 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 ₹12 to make one bag of popcorn. Lakshmi sells it for ₹13. What is the profit on one (in ₹)?
  2. 2.True or false: “what a customer pays” is the selling price. (a) False (b) True
  3. 3.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  4. 4.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  5. 5.It costs ₹37 to make one glass of chai. On the last day Saanvi sells it for only ₹31. How much is the loss on one (in ₹)?
  6. 6.It costs ₹29 to make one fruit cup. Ishaan sells it for ₹31. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  10. 10.Saanvi makes 13 cups of lemonade at a cost of ₹18 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  11. 11.One handmade card costs Saanvi ₹34 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “money got from a sale” is the cost price. (a) False (b) True
  13. 13.True or false: “what you paid for it” is the selling price. (a) False (b) True
  14. 14.It costs ₹13 to make one clay diya. On the last day Vihaan sells it for only ₹5. How much is the loss on one (in ₹)?
  15. 15.Vihaan makes 28 paper bookmarks at a cost of ₹10 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  16. 16.One paper bookmark costs Kabir ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “money spent to get it” is the cost price. (a) False (b) True
  18. 18.It costs ₹44 to make one cup of lemonade. On the last day Farhan sells it for only ₹35. How much is the loss on one (in ₹)?
  19. 19.One friendship band costs ₹21 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹51 to make one potted plant. Ishaan sells it for ₹53. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹17 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.One cup of lemonade costs Dev ₹56 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One handmade card costs Ananya ₹19 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹17 to make one handmade card. Vihaan sells it for ₹32. What is the profit on one (in ₹)?
  25. 25.One potted plant costs Joseph ₹58 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹47 to make one clay diya. Meera sells it for ₹59. What is the profit on one (in ₹)?
  27. 27.One handmade card costs Ishaan ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “cost of making one” is the cost price. (a) True (b) False
  29. 29.True or false: “what a customer pays” is the cost price. (a) False (b) True
  30. 30.One handmade card costs Ishaan ₹57 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Rohan makes 8 paper bookmarks at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  32. 32.One glass of chai costs Riya ₹34 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.One handmade card costs ₹52 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  36. 36.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.Nisha makes 16 fruit cups at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  40. 40.Diya makes 12 potted plants at a cost of ₹29 each and sells all of them at ₹36 each. What is the total profit (in ₹)?

Answer key

  1. 1
  2. True
  3. SP less than CP
  4. SP more than CP
  5. 6
  6. 2
  7. selling price
  8. selling price
  9. what it cost you
  10. 195
  11. Profit
  12. False
  13. False
  14. 8
  15. 420
  16. Loss
  17. True
  18. 9
  19. 32
  20. 2
  21. 35
  22. Profit
  23. Loss
  24. 15
  25. Profit
  26. 12
  27. Loss
  28. True
  29. False
  30. Profit
  31. 40
  32. Profit
  33. cost price
  34. 62
  35. selling price
  36. what the buyer pays
  37. True
  38. True
  39. 240
  40. 84

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