← 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 634 · 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.Ishaan makes 6 painted pebbles at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  4. 4.True or false: “money spent to get it” is the selling price. (a) True (b) False
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  6. 6.True or false: “the price you sell at” is the cost price. (a) False (b) True
  7. 7.It costs ₹12 to make one handmade card. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  8. 8.One glass of chai costs ₹38 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “the price on your board” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.One cup of lemonade costs ₹43 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹47 to make one cup of lemonade. Vihaan sells it for ₹60. What is the profit on one (in ₹)?
  14. 14.It costs ₹27 to make one cup of lemonade. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  15. 15.One friendship band costs ₹18 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  16. 16.One jute bag costs Ishaan ₹38 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  18. 18.One friendship band costs ₹54 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.It costs ₹15 to make one glass of chai. On the last day Riya sells it for only ₹12. How much is the loss on one (in ₹)?
  21. 21.It costs ₹37 to make one glass of chai. Gurpreet sells it for ₹52. What is the profit on one (in ₹)?
  22. 22.It costs ₹13 to make one fruit cup. On the last day Tara sells it for only ₹5. How much is the loss on one (in ₹)?
  23. 23.One jute bag costs Vihaan ₹19 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “money got from a sale” is the selling price. (a) False (b) True
  25. 25.It costs ₹50 to make one bag of popcorn. Meera sells it for ₹61. What is the profit on one (in ₹)?
  26. 26.Lakshmi makes 27 clay diyas at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  27. 27.Vihaan makes 10 friendship bands at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  28. 28.It costs ₹63 to make one clay diya. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  29. 29.One paper bookmark costs Tara ₹49 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One painted pebble costs ₹28 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
  32. 32.One jute bag costs ₹9 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  33. 33.Vihaan makes 29 fruit cups at a cost of ₹20 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  34. 34.One painted pebble costs ₹11 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹16 to make one fruit cup. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.Aarav makes 7 jute bags at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.True or false: “cost of making one” is the selling price. (a) True (b) False
  39. 39.It costs ₹22 to make one bag of popcorn. Ishaan sells it for ₹30. What is the profit on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. 60
  2. SP more than CP
  3. what the buyer pays
  4. False
  5. SP less than CP
  6. False
  7. 7
  8. 47
  9. True
  10. cost price
  11. False
  12. 59
  13. 13
  14. 6
  15. 38
  16. Profit
  17. what it cost you
  18. 63
  19. cost price
  20. 3
  21. 15
  22. 8
  23. Profit
  24. True
  25. 11
  26. 54
  27. 10
  28. 6
  29. Loss
  30. 30
  31. True
  32. 11
  33. 29
  34. 15
  35. 5
  36. 14
  37. selling price
  38. False
  39. 8
  40. True

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