← 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 567 · 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.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  2. 2.Meera makes 19 clay diyas at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  3. 3.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.One cup of lemonade costs ₹35 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “money spent to get it” is the selling price. (a) False (b) True
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  10. 10.Lakshmi makes 8 cups of lemonade at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.One painted pebble costs ₹14 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.Ananya makes 12 paper bookmarks at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  16. 16.It costs ₹23 to make one glass of chai. On the last day Dev sells it for only ₹17. How much is the loss on one (in ₹)?
  17. 17.It costs ₹39 to make one handmade card. On the last day Rohan sells it for only ₹38. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.Vihaan makes 25 glasses of chai at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  20. 20.It costs ₹26 to make one cupcake. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.Rohan makes 12 bags of popcorn at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  24. 24.Vihaan makes 29 potted plants at a cost of ₹39 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  25. 25.Saanvi makes 15 jute bags at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  26. 26.It costs ₹30 to make one cup of lemonade. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  27. 27.True or false: “money got from a sale” is the selling price. (a) True (b) False
  28. 28.One paper bookmark costs Nisha ₹23 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.Lakshmi makes 13 bags of popcorn at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  30. 30.It costs ₹52 to make one bag of popcorn. Lakshmi sells it for ₹55. What is the profit on one (in ₹)?
  31. 31.It costs ₹42 to make one paper bookmark. On the last day Meera sells it for only ₹34. How much is the loss on one (in ₹)?
  32. 32.True or false: “money spent to get it” is the cost price. (a) True (b) False
  33. 33.Kabir makes 9 cups of lemonade at a cost of ₹38 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  34. 34.True or false: “money got from a sale” is the cost price. (a) True (b) False
  35. 35.Diya makes 7 friendship bands at a cost of ₹39 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  36. 36.One cup of lemonade costs Diya ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹46 to make one bag of popcorn. Zoya sells it for ₹63. What is the profit on one (in ₹)?
  38. 38.It costs ₹16 to make one cupcake. On the last day Arjun sells it for only ₹7. How much is the loss on one (in ₹)?
  39. 39.It costs ₹12 to make one painted pebble. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
  40. 40.One clay diya costs Arjun ₹43 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. what it cost you
  2. 57
  3. SP more than CP
  4. selling price
  5. False
  6. 42
  7. False
  8. False
  9. what the buyer pays
  10. 40
  11. selling price
  12. 33
  13. cost price
  14. True
  15. 60
  16. 6
  17. 1
  18. cost price
  19. 50
  20. 10
  21. selling price
  22. cost price
  23. 24
  24. 406
  25. 30
  26. 18
  27. True
  28. Loss
  29. 195
  30. 3
  31. 8
  32. True
  33. 72
  34. False
  35. 28
  36. Loss
  37. 17
  38. 9
  39. 9
  40. Loss

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