← 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 465 · 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.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.True or false: “money got from a sale” is the cost price. (a) True (b) False
  6. 6.It costs ₹34 to make one cupcake. Tara sells it for ₹38. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  8. 8.One clay diya costs ₹20 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.One handmade card costs Kabir ₹54 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹5 to make one cup of lemonade. Gurpreet sells it for ₹25. What is the profit on one (in ₹)?
  12. 12.Kabir makes 12 fruit cups at a cost of ₹37 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  13. 13.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.It costs ₹33 to make one jute bag. Lakshmi sells it for ₹38. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.It costs ₹48 to make one friendship band. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  19. 19.One painted pebble costs Dev ₹16 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One paper bookmark costs ₹6 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹48 to make one fruit cup. On the last day Rohan sells it for only ₹46. How much is the loss on one (in ₹)?
  22. 22.Diya makes 19 cupcakes at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  23. 23.It costs ₹54 to make one paper bookmark. On the last day Vihaan sells it for only ₹52. How much is the loss on one (in ₹)?
  24. 24.It costs ₹14 to make one bag of popcorn. Dev sells it for ₹18. What is the profit on one (in ₹)?
  25. 25.It costs ₹57 to make one cup of lemonade. On the last day Ishaan sells it for only ₹53. How much is the loss on one (in ₹)?
  26. 26.True or false: “cost of making one” is the cost price. (a) False (b) True
  27. 27.Gurpreet makes 29 paper bookmarks at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  28. 28.One handmade card costs ₹18 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.Ananya makes 30 paper bookmarks at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  30. 30.One painted pebble costs Aarav ₹22 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Lakshmi makes 14 cups of lemonade at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  32. 32.It costs ₹35 to make one glass of chai. Meera sells it for ₹42. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  34. 34.One jute bag costs Meera ₹56 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹36 to make one bag of popcorn. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  36. 36.It costs ₹26 to make one fruit cup. Arjun sells it for ₹27. What is the profit on one (in ₹)?
  37. 37.It costs ₹34 to make one potted plant. On the last day Aarav sells it for only ₹26. How much is the loss on one (in ₹)?
  38. 38.It costs ₹59 to make one cup of lemonade. On the last day Farhan sells it for only ₹50. How much is the loss on one (in ₹)?
  39. 39.Zoya makes 25 clay diyas at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  40. 40.It costs ₹17 to make one fruit cup. On the last day Joseph sells it for only ₹11. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. True
  3. selling price
  4. cost price
  5. False
  6. 4
  7. what it cost you
  8. 39
  9. cost price
  10. Profit
  11. 20
  12. 120
  13. what the buyer pays
  14. False
  15. 5
  16. cost price
  17. selling price
  18. 10
  19. Loss
  20. 10
  21. 2
  22. 266
  23. 2
  24. 4
  25. 4
  26. True
  27. 58
  28. 26
  29. 270
  30. Profit
  31. 196
  32. 7
  33. selling price
  34. Loss
  35. 10
  36. 1
  37. 8
  38. 9
  39. 350
  40. 6

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