← 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 796 · 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.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.One painted pebble costs ₹54 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.One paper bookmark costs Tara ₹40 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.It costs ₹10 to make one glass of chai. Arjun sells it for ₹26. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.One friendship band costs Arjun ₹48 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹57 to make one jute bag. On the last day Diya sells it for only ₹53. How much is the loss on one (in ₹)?
  10. 10.One handmade card costs ₹35 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  11. 11.Joseph makes 20 clay diyas at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  12. 12.One glass of chai costs Lakshmi ₹28 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.Ananya makes 10 cupcakes at a cost of ₹36 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) True (b) False
  16. 16.One glass of chai costs ₹9 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹47 to make one potted plant. Tara sells it for ₹67. What is the profit on one (in ₹)?
  18. 18.True or false: “what a customer pays” is the selling price. (a) True (b) False
  19. 19.It costs ₹47 to make one friendship band. Kavya sells it for ₹52. What is the profit on one (in ₹)?
  20. 20.It costs ₹43 to make one cupcake. Zoya sells it for ₹59. What is the profit on one (in ₹)?
  21. 21.It costs ₹7 to make one paper bookmark. Ananya sells it for ₹12. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹20 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹46 to make one handmade card. On the last day Gurpreet sells it for only ₹36. How much is the loss on one (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.It costs ₹11 to make one bag of popcorn. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.Vihaan makes 21 handmade cards at a cost of ₹16 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.One glass of chai costs ₹15 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  30. 30.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  31. 31.Saanvi makes 9 handmade cards at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.It costs ₹52 to make one paper bookmark. Tara sells it for ₹57. What is the profit on one (in ₹)?
  34. 34.It costs ₹56 to make one jute bag. On the last day Joseph sells it for only ₹52. How much is the loss on one (in ₹)?
  35. 35.It costs ₹40 to make one handmade card. Diya sells it for ₹49. What is the profit on one (in ₹)?
  36. 36.It costs ₹65 to make one potted plant. On the last day Dev sells it for only ₹58. How much is the loss on one (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) False (b) True
  38. 38.It costs ₹50 to make one friendship band. Joseph sells it for ₹64. What is the profit on one (in ₹)?
  39. 39.It costs ₹50 to make one glass of chai. Joseph sells it for ₹64. What is the profit on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

Answer key

  1. what the buyer pays
  2. cost price
  3. 72
  4. Profit
  5. selling price
  6. 16
  7. selling price
  8. Loss
  9. 4
  10. 37
  11. 260
  12. Profit
  13. False
  14. 70
  15. True
  16. 12
  17. 20
  18. True
  19. 5
  20. 16
  21. 5
  22. 22
  23. 10
  24. True
  25. 7
  26. cost price
  27. 210
  28. cost price
  29. 31
  30. SP more than CP
  31. 90
  32. False
  33. 5
  34. 4
  35. 9
  36. 7
  37. False
  38. 14
  39. 14
  40. False

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