← 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 745 · 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.Rohan makes 9 clay diyas at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  2. 2.It costs ₹35 to make one potted plant. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  3. 3.True or false: “money got from a sale” is the cost price. (a) False (b) True
  4. 4.It costs ₹48 to make one painted pebble. On the last day Farhan sells it for only ₹42. How much is the loss on one (in ₹)?
  5. 5.One bag of popcorn costs Saanvi ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹44 to make one jute bag. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (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 profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  9. 9.It costs ₹30 to make one handmade card. Gurpreet sells it for ₹43. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.It costs ₹54 to make one jute bag. Aarav sells it for ₹56. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹36 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.One fruit cup costs Farhan ₹28 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “money spent to get it” is the selling price. (a) True (b) False
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.One clay diya costs Diya ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.One paper bookmark costs ₹49 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  26. 26.It costs ₹19 to make one fruit cup. On the last day Kabir sells it for only ₹18. How much is the loss on one (in ₹)?
  27. 27.It costs ₹27 to make one paper bookmark. Saanvi sells it for ₹43. What is the profit on one (in ₹)?
  28. 28.One cupcake costs Lakshmi ₹28 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  31. 31.Zoya makes 11 clay diyas at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  32. 32.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  33. 33.It costs ₹24 to make one bag of popcorn. Nisha sells it for ₹28. What is the profit on one (in ₹)?
  34. 34.Joseph makes 5 paper bookmarks at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  35. 35.Lakshmi makes 20 painted pebbles at a cost of ₹25 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  36. 36.One potted plant costs ₹43 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.True or false: “what a customer pays” is the cost price. (a) True (b) False
  39. 39.One paper bookmark costs Saanvi ₹19 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹16 to make one clay diya. On the last day Farhan sells it for only ₹14. How much is the loss on one (in ₹)?

Answer key

  1. 108
  2. 10
  3. False
  4. 6
  5. Loss
  6. 2
  7. selling price
  8. SP more than CP
  9. 13
  10. cost price
  11. 2
  12. 41
  13. what it cost you
  14. True
  15. Loss
  16. False
  17. True
  18. False
  19. selling price
  20. Profit
  21. True
  22. cost price
  23. True
  24. 53
  25. False
  26. 1
  27. 16
  28. Profit
  29. selling price
  30. cost price
  31. 55
  32. what the buyer pays
  33. 4
  34. 10
  35. 160
  36. 51
  37. True
  38. False
  39. Profit
  40. 2

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