← 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 548 · 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 jute bag costs ₹42 to make. Tara wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.It costs ₹48 to make one friendship band. Meera sells it for ₹60. What is the profit on one (in ₹)?
  6. 6.True or false: “money got from a sale” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.True or false: “the price on your board” is the cost price. (a) False (b) True
  11. 11.Zoya makes 20 handmade cards at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  12. 12.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  13. 13.Joseph makes 14 fruit cups at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.True or false: “what you paid for it” is the selling price. (a) False (b) True
  17. 17.Riya makes 9 potted plants at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  18. 18.One paper bookmark costs ₹52 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.It costs ₹6 to make one fruit cup. Tara sells it for ₹22. What is the profit on one (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.It costs ₹41 to make one potted plant. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  23. 23.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  24. 24.Kabir makes 30 clay diyas at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.It costs ₹21 to make one friendship band. On the last day Kabir sells it for only ₹14. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  28. 28.It costs ₹60 to make one handmade card. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  29. 29.One glass of chai costs Kavya ₹43 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹52 to make one jute bag. On the last day Kabir sells it for only ₹50. How much is the loss on one (in ₹)?
  31. 31.One jute bag costs ₹17 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.Kabir makes 11 handmade cards at a cost of ₹39 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  33. 33.Saanvi makes 7 cupcakes at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  34. 34.One paper bookmark costs ₹26 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹38 to make one fruit cup. Lakshmi sells it for ₹52. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹34 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.One glass of chai costs ₹29 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹17 to make one cup of lemonade. Farhan sells it for ₹36. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs Zoya ₹37 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Vihaan makes 25 clay diyas at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?

Answer key

  1. 62
  2. cost price
  3. what the buyer pays
  4. selling price
  5. 12
  6. False
  7. what it cost you
  8. selling price
  9. cost price
  10. False
  11. 220
  12. SP more than CP
  13. 28
  14. cost price
  15. selling price
  16. False
  17. 117
  18. 60
  19. False
  20. 16
  21. True
  22. 3
  23. SP less than CP
  24. 450
  25. selling price
  26. 7
  27. cost price
  28. 3
  29. Loss
  30. 2
  31. 31
  32. 55
  33. 14
  34. 28
  35. 14
  36. 47
  37. 41
  38. 19
  39. Loss
  40. 75

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