← 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 59 · 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.Ananya makes 7 jute bags at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.One glass of chai costs ₹19 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹50 to make one cup of lemonade. Kabir sells it for ₹65. What is the profit on one (in ₹)?
  6. 6.One glass of chai costs ₹29 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.It costs ₹61 to make one bag of popcorn. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  9. 9.It costs ₹7 to make one jute bag. Kabir sells it for ₹13. What is the profit on one (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) True (b) False
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  12. 12.It costs ₹35 to make one clay diya. Riya sells it for ₹54. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹58 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “money got from a sale” is the cost price. (a) True (b) False
  15. 15.One fruit cup costs Zoya ₹25 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Aarav makes 28 painted pebbles at a cost of ₹9 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  17. 17.True or false: “what a customer pays” is the selling price. (a) False (b) True
  18. 18.Aarav makes 9 handmade cards at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  19. 19.It costs ₹32 to make one cupcake. Vihaan sells it for ₹49. 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.Rohan makes 21 cups of lemonade at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  22. 22.One paper bookmark costs ₹20 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.Riya makes 15 potted plants at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  24. 24.One friendship band costs ₹59 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  25. 25.One handmade card costs Kabir ₹28 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹9 to make one jute bag. On the last day Arjun sells it for only ₹8. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  28. 28.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.Joseph makes 26 clay diyas at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  31. 31.One cupcake costs ₹18 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹59 to make one cupcake. Ishaan sells it for ₹75. What is the profit on one (in ₹)?
  33. 33.One friendship band costs ₹58 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money spent to get it” is the selling price. (a) True (b) False
  35. 35.True or false: “what you paid for it” is the selling price. (a) False (b) True
  36. 36.It costs ₹24 to make one handmade card. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  37. 37.One fruit cup costs ₹53 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  38. 38.Meera makes 28 cupcakes at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.It costs ₹22 to make one cup of lemonade. Dev sells it for ₹32. What is the profit on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) True (b) False

Answer key

  1. 49
  2. selling price
  3. False
  4. 39
  5. 15
  6. 47
  7. cost price
  8. 2
  9. 6
  10. True
  11. SP more than CP
  12. 19
  13. 62
  14. False
  15. Loss
  16. 196
  17. True
  18. 36
  19. 17
  20. True
  21. 252
  22. 24
  23. 225
  24. 72
  25. Profit
  26. 1
  27. what it cost you
  28. SP less than CP
  29. cost price
  30. 130
  31. 21
  32. 16
  33. 75
  34. False
  35. False
  36. 9
  37. 60
  38. 112
  39. 10
  40. False

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