← 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 652 · 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.It costs ₹38 to make one painted pebble. On the last day Farhan sells it for only ₹33. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  3. 3.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  4. 4.One paper bookmark costs Kabir ₹50 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹23 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.Farhan makes 20 cups of lemonade at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  8. 8.One cup of lemonade costs ₹21 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.It costs ₹58 to make one clay diya. Tara sells it for ₹74. What is the profit on one (in ₹)?
  11. 11.One fruit cup costs ₹60 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹16 to make one painted pebble. On the last day Nisha sells it for only ₹7. How much is the loss on one (in ₹)?
  13. 13.It costs ₹37 to make one clay diya. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  14. 14.Ishaan makes 7 bags of popcorn at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  15. 15.True or false: “money spent to get it” is the cost price. (a) True (b) False
  16. 16.It costs ₹30 to make one glass of chai. On the last day Rohan sells it for only ₹29. How much is the loss on one (in ₹)?
  17. 17.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.It costs ₹53 to make one paper bookmark. Saanvi sells it for ₹64. What is the profit on one (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) False (b) True
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.One potted plant costs ₹26 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹15 to make one painted pebble. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  25. 25.Joseph makes 16 paper bookmarks at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  26. 26.Lakshmi makes 29 potted plants at a cost of ₹30 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  27. 27.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  28. 28.It costs ₹16 to make one handmade card. Joseph sells it for ₹29. What is the profit on one (in ₹)?
  29. 29.Rohan makes 7 handmade cards at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  30. 30.It costs ₹18 to make one glass of chai. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  31. 31.It costs ₹34 to make one painted pebble. Diya sells it for ₹43. What is the profit on one (in ₹)?
  32. 32.It costs ₹20 to make one handmade card. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.True or false: “money got from a sale” is the cost price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.One friendship band costs ₹26 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹46 to make one jute bag. Meera sells it for ₹50. What is the profit on one (in ₹)?
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.One friendship band costs ₹49 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?

Answer key

  1. 5
  2. what it cost you
  3. what the buyer pays
  4. Profit
  5. 4
  6. selling price
  7. 180
  8. 29
  9. cost price
  10. 16
  11. 62
  12. 9
  13. 9
  14. 98
  15. True
  16. 1
  17. SP less than CP
  18. False
  19. cost price
  20. 11
  21. True
  22. False
  23. 31
  24. 1
  25. 240
  26. 435
  27. SP more than CP
  28. 13
  29. 14
  30. 20
  31. 9
  32. 15
  33. selling price
  34. False
  35. selling price
  36. cost price
  37. 32
  38. 4
  39. False
  40. 55

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