← 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 51 · 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.One glass of chai costs ₹37 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  2. 2.Nisha makes 23 cupcakes at a cost of ₹25 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  3. 3.It costs ₹41 to make one fruit cup. Farhan sells it for ₹49. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  6. 6.One paper bookmark costs ₹54 to make. Lakshmi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  7. 7.One handmade card costs Meera ₹33 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One cupcake costs ₹28 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.Kavya makes 20 painted pebbles at a cost of ₹29 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  11. 11.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  12. 12.It costs ₹37 to make one handmade card. Gurpreet sells it for ₹57. What is the profit on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.Tara makes 15 glasses of chai at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.It costs ₹45 to make one glass of chai. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  19. 19.It costs ₹11 to make one cupcake. Vihaan sells it for ₹31. What is the profit on one (in ₹)?
  20. 20.True or false: “what a customer pays” is the cost price. (a) False (b) True
  21. 21.It costs ₹54 to make one paper bookmark. Tara sells it for ₹71. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs Meera ₹20 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One fruit cup costs ₹10 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹53 to make one glass of chai. Diya sells it for ₹59. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.One cupcake costs Vihaan ₹40 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹45 to make one friendship band. On the last day Ananya sells it for only ₹43. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  31. 31.One fruit cup costs Ananya ₹47 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹18 to make one potted plant. Tara sells it for ₹24. What is the profit on one (in ₹)?
  33. 33.It costs ₹58 to make one cup of lemonade. Nisha sells it for ₹74. What is the profit on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the cost price. (a) True (b) False
  35. 35.It costs ₹33 to make one cup of lemonade. Ishaan sells it for ₹39. What is the profit on one (in ₹)?
  36. 36.True or false: “the price you sell at” is the cost price. (a) False (b) True
  37. 37.It costs ₹37 to make one paper bookmark. Farhan sells it for ₹48. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹34 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.One clay diya costs Tara ₹52 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹21 to make one cup of lemonade. On the last day Kavya sells it for only ₹19. How much is the loss on one (in ₹)?

Answer key

  1. 40
  2. 345
  3. 8
  4. cost price
  5. SP less than CP
  6. 66
  7. Profit
  8. 32
  9. selling price
  10. 80
  11. SP more than CP
  12. 20
  13. False
  14. 30
  15. cost price
  16. what it cost you
  17. selling price
  18. 3
  19. 20
  20. False
  21. 17
  22. Loss
  23. 23
  24. 6
  25. selling price
  26. Profit
  27. 2
  28. cost price
  29. what the buyer pays
  30. selling price
  31. Profit
  32. 6
  33. 16
  34. False
  35. 6
  36. False
  37. 11
  38. 52
  39. Loss
  40. 2

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