← 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 600 · 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 or selling price: what a customer pays? (a) selling price (b) cost price
  2. 2.It costs ₹27 to make one glass of chai. Nisha sells it for ₹36. What is the profit on one (in ₹)?
  3. 3.It costs ₹19 to make one bag of popcorn. On the last day Saanvi sells it for only ₹16. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  5. 5.One bag of popcorn costs Arjun ₹33 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  7. 7.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  8. 8.One clay diya costs Zoya ₹24 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹15 to make one handmade card. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the selling price. (a) False (b) True
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.It costs ₹61 to make one bag of popcorn. On the last day Ishaan sells it for only ₹51. How much is the loss on one (in ₹)?
  14. 14.One handmade card costs Nisha ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
  17. 17.One handmade card costs ₹17 to make. Aarav wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.One jute bag costs Ananya ₹57 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.It costs ₹47 to make one fruit cup. On the last day Aarav sells it for only ₹38. How much is the loss on one (in ₹)?
  21. 21.One jute bag costs ₹38 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.Ishaan makes 13 paper bookmarks at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  24. 24.One cupcake costs ₹23 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.It costs ₹37 to make one paper bookmark. Aarav sells it for ₹45. What is the profit on one (in ₹)?
  28. 28.It costs ₹30 to make one friendship band. On the last day Joseph sells it for only ₹22. How much is the loss on one (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.One bag of popcorn costs ₹58 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.Rohan makes 24 friendship bands at a cost of ₹33 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  32. 32.Joseph makes 13 jute bags at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  33. 33.One fruit cup costs ₹49 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  34. 34.One glass of chai costs ₹21 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  35. 35.Farhan makes 28 friendship bands at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  36. 36.It costs ₹23 to make one painted pebble. On the last day Ananya sells it for only ₹17. How much is the loss on one (in ₹)?
  37. 37.Ishaan makes 30 glasses of chai at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  38. 38.It costs ₹13 to make one cup of lemonade. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  39. 39.One painted pebble costs ₹21 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  40. 40.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP

Answer key

  1. selling price
  2. 9
  3. 3
  4. cost price
  5. Profit
  6. SP more than CP
  7. what the buyer pays
  8. Profit
  9. cost price
  10. 18
  11. True
  12. True
  13. 10
  14. Profit
  15. False
  16. False
  17. 37
  18. Profit
  19. selling price
  20. 9
  21. 43
  22. 143
  23. what it cost you
  24. 28
  25. cost price
  26. False
  27. 8
  28. 8
  29. False
  30. 60
  31. 240
  32. 143
  33. 67
  34. 37
  35. 252
  36. 6
  37. 60
  38. 7
  39. 38
  40. SP less than CP

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