← 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 464 · 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.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  2. 2.It costs ₹17 to make one clay diya. On the last day Riya sells it for only ₹13. How much is the loss on one (in ₹)?
  3. 3.It costs ₹52 to make one jute bag. Ananya sells it for ₹67. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹8 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹16 to make one jute bag. Joseph sells it for ₹18. What is the profit on one (in ₹)?
  6. 6.Vihaan makes 9 jute bags at a cost of ₹6 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  7. 7.One jute bag costs Joseph ₹58 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹32 to make one painted pebble. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
  9. 9.True or false: “the price on your board” is the cost price. (a) False (b) True
  10. 10.It costs ₹40 to make one paper bookmark. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
  11. 11.Aarav makes 22 jute bags at a cost of ₹13 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  12. 12.It costs ₹24 to make one friendship band. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.Lakshmi makes 23 glasses of chai at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  16. 16.It costs ₹21 to make one friendship band. On the last day Dev sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.One cup of lemonade costs Saanvi ₹41 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹37 to make one potted plant. Aarav sells it for ₹55. What is the profit on one (in ₹)?
  20. 20.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  21. 21.One cup of lemonade costs ₹11 to make. Farhan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  23. 23.One handmade card costs ₹24 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money got from a sale” is the cost price. (a) True (b) False
  25. 25.True or false: “cost of making one” is the selling price. (a) False (b) True
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.It costs ₹40 to make one glass of chai. On the last day Farhan sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.Arjun makes 6 potted plants at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  29. 29.It costs ₹19 to make one cup of lemonade. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  30. 30.True or false: “money spent to get it” is the cost price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.Vihaan makes 26 glasses of chai at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.Rohan makes 11 friendship bands at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  35. 35.Arjun makes 15 painted pebbles at a cost of ₹37 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  36. 36.True or false: “cost of making one” is the cost price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.One paper bookmark costs Vihaan ₹22 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹36 to make one painted pebble. On the last day Tara sells it for only ₹34. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. 4
  3. 15
  4. 23
  5. 2
  6. 54
  7. Loss
  8. 1
  9. False
  10. 2
  11. 198
  12. 7
  13. False
  14. 230
  15. selling price
  16. 2
  17. False
  18. Loss
  19. 18
  20. SP less than CP
  21. 15
  22. what the buyer pays
  23. 36
  24. False
  25. False
  26. False
  27. 2
  28. 78
  29. 4
  30. True
  31. selling price
  32. cost price
  33. 182
  34. 33
  35. 210
  36. True
  37. selling price
  38. selling price
  39. Loss
  40. 2

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