← 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 521 · 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.It costs ₹10 to make one bag of popcorn. Vihaan sells it for ₹27. What is the profit on one (in ₹)?
  2. 2.Rohan makes 29 friendship bands at a cost of ₹26 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.One handmade card costs Joseph ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “money spent to get it” is the cost price. (a) True (b) False
  8. 8.Riya makes 5 paper bookmarks at a cost of ₹13 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  9. 9.True or false: “the price you sell at” is the cost price. (a) False (b) True
  10. 10.It costs ₹38 to make one handmade card. Riya sells it for ₹57. What is the profit on one (in ₹)?
  11. 11.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.One bag of popcorn costs Saanvi ₹26 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  16. 16.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  17. 17.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.It costs ₹33 to make one cupcake. Diya sells it for ₹37. What is the profit on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.One cupcake costs ₹60 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  23. 23.Riya makes 9 cups of lemonade at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  24. 24.It costs ₹13 to make one painted pebble. On the last day Dev sells it for only ₹6. How much is the loss on one (in ₹)?
  25. 25.True or false: “the price on your board” is the selling price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.It costs ₹45 to make one clay diya. Aarav sells it for ₹52. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹31 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.One paper bookmark costs ₹14 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹40 to make one friendship band. Lakshmi sells it for ₹46. What is the profit on one (in ₹)?
  31. 31.It costs ₹17 to make one potted plant. On the last day Dev sells it for only ₹13. How much is the loss on one (in ₹)?
  32. 32.One friendship band costs ₹39 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  33. 33.One painted pebble costs Meera ₹28 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Saanvi makes 17 potted plants at a cost of ₹25 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.One painted pebble costs Riya ₹47 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.One potted plant costs ₹54 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹33 to make one clay diya. Lakshmi sells it for ₹34. What is the profit on one (in ₹)?
  40. 40.It costs ₹13 to make one clay diya. On the last day Gurpreet sells it for only ₹6. How much is the loss on one (in ₹)?

Answer key

  1. 17
  2. 203
  3. cost price
  4. False
  5. selling price
  6. Loss
  7. True
  8. 75
  9. False
  10. 19
  11. what the buyer pays
  12. False
  13. Profit
  14. cost price
  15. SP less than CP
  16. what it cost you
  17. SP more than CP
  18. cost price
  19. 4
  20. True
  21. 66
  22. selling price
  23. 18
  24. 7
  25. True
  26. selling price
  27. 7
  28. 39
  29. 25
  30. 6
  31. 4
  32. 59
  33. Profit
  34. 170
  35. cost price
  36. Loss
  37. selling price
  38. 65
  39. 1
  40. 7

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