← 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 482 · 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 loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  2. 2.One handmade card costs ₹59 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  3. 3.Dev makes 11 cups of lemonade at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  4. 4.Joseph makes 23 fruit cups at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  6. 6.One potted plant costs ₹52 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹42 to make one paper bookmark. Meera sells it for ₹58. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.True or false: “money spent to get it” is the selling price. (a) False (b) True
  10. 10.True or false: “the price you sell at” is the selling price. (a) False (b) True
  11. 11.Nisha makes 18 friendship bands at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  12. 12.True or false: “what a customer pays” is the cost price. (a) True (b) False
  13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.It costs ₹28 to make one fruit cup. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  16. 16.It costs ₹35 to make one glass of chai. On the last day Lakshmi sells it for only ₹30. How much is the loss on one (in ₹)?
  17. 17.Riya makes 15 handmade cards at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.Riya makes 10 handmade cards at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  21. 21.One clay diya costs ₹45 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  22. 22.One glass of chai costs Joseph ₹41 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Riya makes 16 glasses of chai at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  26. 26.One cupcake costs ₹19 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  28. 28.Tara makes 21 fruit cups at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  29. 29.It costs ₹52 to make one jute bag. Kabir sells it for ₹62. What is the profit on one (in ₹)?
  30. 30.It costs ₹49 to make one glass of chai. Farhan sells it for ₹68. What is the profit on one (in ₹)?
  31. 31.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  32. 32.It costs ₹34 to make one handmade card. Lakshmi sells it for ₹44. What is the profit on one (in ₹)?
  33. 33.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  34. 34.Joseph makes 5 painted pebbles at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  35. 35.It costs ₹17 to make one handmade card. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.Arjun makes 20 bags of popcorn at a cost of ₹38 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  37. 37.It costs ₹41 to make one cupcake. Gurpreet sells it for ₹53. What is the profit on one (in ₹)?
  38. 38.One glass of chai costs ₹10 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  40. 40.It costs ₹17 to make one handmade card. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?

Answer key

  1. SP less than CP
  2. 70
  3. 121
  4. 345
  5. what it cost you
  6. 53
  7. 16
  8. cost price
  9. False
  10. True
  11. 90
  12. False
  13. False
  14. False
  15. 9
  16. 5
  17. 45
  18. False
  19. cost price
  20. 100
  21. 56
  22. Loss
  23. 176
  24. True
  25. selling price
  26. 20
  27. cost price
  28. 273
  29. 10
  30. 19
  31. SP more than CP
  32. 10
  33. what the buyer pays
  34. 55
  35. 14
  36. 280
  37. 12
  38. 15
  39. True
  40. 20

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