← 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 525 · 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 ₹9 to make one clay diya. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  2. 2.One cupcake costs Ishaan ₹56 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹38 to make one clay diya. On the last day Ananya sells it for only ₹33. How much is the loss on one (in ₹)?
  4. 4.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  5. 5.It costs ₹20 to make one potted plant. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.It costs ₹15 to make one jute bag. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  8. 8.It costs ₹20 to make one fruit cup. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  9. 9.It costs ₹30 to make one fruit cup. Nisha sells it for ₹34. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.It costs ₹23 to make one glass of chai. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  13. 13.It costs ₹26 to make one potted plant. Kabir sells it for ₹32. What is the profit on one (in ₹)?
  14. 14.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  15. 15.True or false: “cost of making one” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.It costs ₹59 to make one painted pebble. Saanvi sells it for ₹66. What is the profit on one (in ₹)?
  18. 18.It costs ₹57 to make one handmade card. On the last day Farhan sells it for only ₹47. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  21. 21.One clay diya costs ₹27 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  22. 22.One handmade card costs Arjun ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.It costs ₹19 to make one paper bookmark. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  26. 26.True or false: “what you paid for it” is the selling price. (a) True (b) False
  27. 27.Nisha makes 6 handmade cards at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.It costs ₹27 to make one glass of chai. On the last day Kabir sells it for only ₹18. How much is the loss on one (in ₹)?
  30. 30.One handmade card costs ₹20 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  31. 31.One cupcake costs ₹23 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.It costs ₹36 to make one fruit cup. On the last day Joseph sells it for only ₹34. How much is the loss on one (in ₹)?
  34. 34.Tara makes 24 handmade cards at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  35. 35.It costs ₹25 to make one paper bookmark. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
  36. 36.One potted plant costs ₹31 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  37. 37.One handmade card costs ₹45 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.Diya makes 16 fruit cups at a cost of ₹31 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  39. 39.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  40. 40.One fruit cup costs Rohan ₹25 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 3
  2. Profit
  3. 5
  4. SP less than CP
  5. 9
  6. cost price
  7. 3
  8. 9
  9. 4
  10. cost price
  11. selling price
  12. 4
  13. 6
  14. what the buyer pays
  15. False
  16. cost price
  17. 7
  18. 10
  19. selling price
  20. selling price
  21. 38
  22. Profit
  23. what it cost you
  24. False
  25. 1
  26. False
  27. 12
  28. False
  29. 9
  30. 28
  31. 32
  32. True
  33. 2
  34. 264
  35. 10
  36. 48
  37. 65
  38. 224
  39. SP more than CP
  40. Profit

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