← 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 784 · 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 ₹60 to make one bag of popcorn. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  2. 2.Arjun makes 21 paper bookmarks at a cost of ₹24 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  3. 3.True or false: “cost of making one” is the selling price. (a) False (b) True
  4. 4.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  5. 5.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  7. 7.It costs ₹11 to make one fruit cup. On the last day Meera sells it for only ₹8. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.It costs ₹57 to make one bag of popcorn. On the last day Kavya sells it for only ₹49. How much is the loss on one (in ₹)?
  10. 10.It costs ₹45 to make one painted pebble. Dev sells it for ₹57. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs ₹47 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) True (b) False
  13. 13.It costs ₹26 to make one cup of lemonade. On the last day Ananya sells it for only ₹23. How much is the loss on one (in ₹)?
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.It costs ₹41 to make one cup of lemonade. On the last day Saanvi sells it for only ₹35. How much is the loss on one (in ₹)?
  16. 16.One clay diya costs ₹41 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  17. 17.One fruit cup costs Ishaan ₹46 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.Ishaan makes 25 fruit cups at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  21. 21.It costs ₹5 to make one fruit cup. Rohan sells it for ₹22. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.It costs ₹27 to make one friendship band. On the last day Diya sells it for only ₹26. How much is the loss on one (in ₹)?
  24. 24.It costs ₹37 to make one handmade card. Meera sells it for ₹38. What is the profit on one (in ₹)?
  25. 25.It costs ₹53 to make one friendship band. On the last day Kabir sells it for only ₹50. How much is the loss on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.It costs ₹41 to make one clay diya. Diya sells it for ₹48. What is the profit on one (in ₹)?
  28. 28.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  29. 29.Kabir makes 28 potted plants at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.True or false: “money spent to get it” is the selling price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  33. 33.It costs ₹19 to make one clay diya. On the last day Farhan sells it for only ₹16. How much is the loss on one (in ₹)?
  34. 34.It costs ₹38 to make one paper bookmark. Ananya sells it for ₹43. What is the profit on one (in ₹)?
  35. 35.One bag of popcorn costs Diya ₹22 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹59 to make one potted plant. Vihaan sells it for ₹78. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs Saanvi ₹21 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One friendship band costs ₹38 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.Riya makes 25 clay diyas at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

Answer key

  1. 4
  2. 273
  3. False
  4. what the buyer pays
  5. what it cost you
  6. True
  7. 3
  8. selling price
  9. 8
  10. 12
  11. 52
  12. False
  13. 3
  14. True
  15. 6
  16. 55
  17. Profit
  18. False
  19. 275
  20. cost price
  21. 17
  22. cost price
  23. 1
  24. 1
  25. 3
  26. False
  27. 7
  28. SP more than CP
  29. 252
  30. selling price
  31. False
  32. selling price
  33. 3
  34. 5
  35. Loss
  36. 19
  37. Profit
  38. 58
  39. 100
  40. False

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