← 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 721 · 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 ₹14 to make one jute bag. Diya sells it for ₹33. What is the profit on one (in ₹)?
  2. 2.True or false: “money got from a sale” is the selling price. (a) False (b) True
  3. 3.One fruit cup costs ₹43 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.One cupcake costs ₹16 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  9. 9.True or false: “the price on your board” is the cost price. (a) False (b) True
  10. 10.Kabir makes 26 clay diyas at a cost of ₹39 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  11. 11.True or false: “money spent to get it” is the cost price. (a) True (b) False
  12. 12.It costs ₹40 to make one jute bag. On the last day Ananya sells it for only ₹33. How much is the loss on one (in ₹)?
  13. 13.It costs ₹17 to make one glass of chai. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  16. 16.Zoya makes 27 friendship bands at a cost of ₹7 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  17. 17.Gurpreet makes 12 potted plants at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  20. 20.One clay diya costs Saanvi ₹18 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹40 to make one potted plant. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.True or false: “what a customer pays” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.One jute bag costs Rohan ₹24 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.One friendship band costs Riya ₹39 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Riya makes 10 paper bookmarks at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  29. 29.Diya makes 21 fruit cups at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  30. 30.One jute bag costs Kavya ₹17 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Ishaan makes 28 jute bags at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  32. 32.It costs ₹53 to make one cup of lemonade. Rohan sells it for ₹54. What is the profit on one (in ₹)?
  33. 33.Meera makes 9 fruit cups at a cost of ₹8 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  34. 34.One fruit cup costs ₹31 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.One clay diya costs Farhan ₹17 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One painted pebble costs Gurpreet ₹57 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.One bag of popcorn costs Meera ₹17 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹57 to make one potted plant. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
  40. 40.One friendship band costs ₹18 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?

Answer key

  1. 19
  2. True
  3. 50
  4. cost price
  5. selling price
  6. 33
  7. selling price
  8. SP less than CP
  9. False
  10. 338
  11. True
  12. 7
  13. 7
  14. True
  15. what the buyer pays
  16. 405
  17. 12
  18. cost price
  19. what it cost you
  20. Profit
  21. 10
  22. cost price
  23. False
  24. cost price
  25. Loss
  26. False
  27. Loss
  28. 140
  29. 105
  30. Loss
  31. 56
  32. 1
  33. 54
  34. 32
  35. Loss
  36. Loss
  37. selling price
  38. Profit
  39. 1
  40. 31

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