← 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 486 · 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) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  2. 2.It costs ₹58 to make one glass of chai. On the last day Ishaan sells it for only ₹52. How much is the loss on one (in ₹)?
  3. 3.True or false: “what a customer pays” is the cost price. (a) False (b) True
  4. 4.It costs ₹20 to make one friendship band. Diya sells it for ₹22. What is the profit on one (in ₹)?
  5. 5.It costs ₹33 to make one friendship band. Riya sells it for ₹42. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  7. 7.It costs ₹56 to make one jute bag. On the last day Zoya sells it for only ₹49. How much is the loss on one (in ₹)?
  8. 8.It costs ₹59 to make one paper bookmark. Kabir sells it for ₹60. What is the profit on one (in ₹)?
  9. 9.It costs ₹12 to make one cupcake. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  12. 12.It costs ₹8 to make one bag of popcorn. Gurpreet sells it for ₹13. What is the profit on one (in ₹)?
  13. 13.It costs ₹49 to make one friendship band. Nisha sells it for ₹55. What is the profit on one (in ₹)?
  14. 14.True or false: “the price on your board” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.One jute bag costs ₹11 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹52 to make one clay diya. Aarav sells it for ₹62. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  21. 21.It costs ₹47 to make one fruit cup. Vihaan sells it for ₹52. What is the profit on one (in ₹)?
  22. 22.Farhan makes 28 cups of lemonade at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  23. 23.Zoya makes 15 cups of lemonade at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.One bag of popcorn costs Dev ₹44 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹19 to make one clay diya. On the last day Diya sells it for only ₹9. How much is the loss on one (in ₹)?
  27. 27.It costs ₹22 to make one potted plant. Aarav sells it for ₹35. What is the profit on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the selling price. (a) True (b) False
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.One jute bag costs Meera ₹56 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One paper bookmark costs ₹22 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹33 to make one painted pebble. Joseph sells it for ₹38. What is the profit on one (in ₹)?
  33. 33.Arjun makes 13 handmade cards at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.One glass of chai costs Kabir ₹32 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Dev makes 25 clay diyas at a cost of ₹40 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  37. 37.Kavya makes 21 cups of lemonade at a cost of ₹34 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  38. 38.It costs ₹48 to make one painted pebble. Arjun sells it for ₹61. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs Lakshmi ₹48 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss

Answer key

  1. SP more than CP
  2. 6
  3. False
  4. 2
  5. 9
  6. what it cost you
  7. 7
  8. 1
  9. 7
  10. False
  11. SP less than CP
  12. 5
  13. 6
  14. False
  15. selling price
  16. True
  17. 22
  18. 10
  19. cost price
  20. selling price
  21. 5
  22. 196
  23. 60
  24. True
  25. Loss
  26. 10
  27. 13
  28. True
  29. False
  30. Loss
  31. 25
  32. 5
  33. 65
  34. cost price
  35. Loss
  36. 350
  37. 210
  38. 13
  39. Profit
  40. what the buyer pays

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