← 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 636 · 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 potted plant costs ₹53 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  5. 5.It costs ₹30 to make one painted pebble. Dev sells it for ₹31. What is the profit on one (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.It costs ₹10 to make one cup of lemonade. On the last day Meera sells it for only ₹8. How much is the loss on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the cost price. (a) True (b) False
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  10. 10.One clay diya costs ₹55 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.One glass of chai costs ₹59 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  13. 13.It costs ₹16 to make one glass of chai. Gurpreet sells it for ₹17. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs ₹19 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  15. 15.Zoya makes 8 paper bookmarks at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  16. 16.One friendship band costs ₹51 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  17. 17.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.It costs ₹45 to make one clay diya. Ishaan sells it for ₹65. What is the profit on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.Riya makes 26 bags of popcorn at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  22. 22.One friendship band costs ₹49 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.Ishaan makes 24 handmade cards at a cost of ₹19 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  24. 24.It costs ₹48 to make one clay diya. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.One cup of lemonade costs Aarav ₹37 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.Kavya makes 7 paper bookmarks at a cost of ₹36 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  29. 29.One cupcake costs Gurpreet ₹17 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹54 to make one friendship band. Ishaan sells it for ₹74. What is the profit on one (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  33. 33.It costs ₹23 to make one cupcake. Vihaan sells it for ₹31. What is the profit on one (in ₹)?
  34. 34.One glass of chai costs ₹19 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹10 to make one friendship band. Tara sells it for ₹25. What is the profit on one (in ₹)?
  36. 36.It costs ₹30 to make one potted plant. On the last day Lakshmi sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.It costs ₹25 to make one fruit cup. On the last day Joseph sells it for only ₹22. How much is the loss on one (in ₹)?
  38. 38.It costs ₹34 to make one jute bag. On the last day Joseph sells it for only ₹29. How much is the loss on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) False (b) True
  40. 40.One glass of chai costs ₹44 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?

Answer key

  1. 58
  2. selling price
  3. selling price
  4. SP more than CP
  5. 1
  6. True
  7. 2
  8. True
  9. False
  10. 56
  11. 74
  12. what it cost you
  13. 1
  14. 20
  15. 16
  16. 64
  17. what the buyer pays
  18. cost price
  19. 20
  20. False
  21. 260
  22. 53
  23. 216
  24. 3
  25. True
  26. Loss
  27. cost price
  28. 70
  29. Profit
  30. 20
  31. False
  32. selling price
  33. 8
  34. 23
  35. 15
  36. 10
  37. 3
  38. 5
  39. False
  40. 59

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