← 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 69 · 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: money got from a sale? (a) cost price (b) selling price
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.It costs ₹15 to make one friendship band. Rohan sells it for ₹23. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.One friendship band costs ₹37 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what a customer pays” is the selling price. (a) False (b) True
  8. 8.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  9. 9.True or false: “the price on your board” is the cost price. (a) False (b) True
  10. 10.True or false: “cost of making one” is the cost price. (a) True (b) False
  11. 11.Arjun makes 12 cups of lemonade at a cost of ₹32 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.It costs ₹54 to make one cupcake. Riya sells it for ₹70. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.It costs ₹53 to make one friendship band. Vihaan sells it for ₹59. What is the profit on one (in ₹)?
  17. 17.It costs ₹55 to make one glass of chai. Ishaan sells it for ₹69. What is the profit on one (in ₹)?
  18. 18.It costs ₹42 to make one cup of lemonade. On the last day Riya sells it for only ₹33. How much is the loss on one (in ₹)?
  19. 19.One clay diya costs Ishaan ₹47 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.Meera makes 8 fruit cups at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.Vihaan makes 14 paper bookmarks at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  23. 23.It costs ₹44 to make one jute bag. Arjun sells it for ₹55. What is the profit on one (in ₹)?
  24. 24.It costs ₹48 to make one potted plant. On the last day Aarav sells it for only ₹40. How much is the loss on one (in ₹)?
  25. 25.It costs ₹14 to make one handmade card. On the last day Riya sells it for only ₹13. How much is the loss on one (in ₹)?
  26. 26.It costs ₹46 to make one bag of popcorn. Diya sells it for ₹52. What is the profit on one (in ₹)?
  27. 27.It costs ₹13 to make one fruit cup. On the last day Nisha sells it for only ₹9. How much is the loss on one (in ₹)?
  28. 28.Saanvi makes 22 cups of lemonade at a cost of ₹11 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  30. 30.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  31. 31.One fruit cup costs ₹56 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  33. 33.Aarav makes 23 potted plants at a cost of ₹37 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  34. 34.One painted pebble costs Aarav ₹27 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹24 to make one paper bookmark. Riya sells it for ₹25. What is the profit on one (in ₹)?
  36. 36.One cupcake costs Aarav ₹16 to make and sells for ₹2. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹56 to make one cupcake. Riya sells it for ₹63. What is the profit on one (in ₹)?
  38. 38.Kabir makes 27 handmade cards at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  39. 39.Gurpreet makes 10 glasses of chai at a cost of ₹11 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) False (b) True

Answer key

  1. selling price
  2. True
  3. selling price
  4. 8
  5. cost price
  6. 46
  7. True
  8. what it cost you
  9. False
  10. True
  11. 120
  12. cost price
  13. 16
  14. True
  15. False
  16. 6
  17. 14
  18. 9
  19. Profit
  20. 8
  21. False
  22. 210
  23. 11
  24. 8
  25. 1
  26. 6
  27. 4
  28. 66
  29. True
  30. SP more than CP
  31. 70
  32. SP less than CP
  33. 184
  34. Profit
  35. 1
  36. Loss
  37. 7
  38. 378
  39. 30
  40. False

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