← 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 825 · 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.Lakshmi makes 21 handmade cards at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  2. 2.It costs ₹23 to make one friendship band. On the last day Lakshmi sells it for only ₹17. How much is the loss on one (in ₹)?
  3. 3.It costs ₹17 to make one paper bookmark. On the last day Rohan sells it for only ₹14. How much is the loss on one (in ₹)?
  4. 4.It costs ₹28 to make one glass of chai. Zoya sells it for ₹44. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.Riya makes 16 friendship bands at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) True (b) False
  8. 8.One painted pebble costs ₹48 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹6 to make one cup of lemonade. Nisha sells it for ₹10. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  11. 11.One handmade card costs Kavya ₹16 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.It costs ₹34 to make one fruit cup. On the last day Meera sells it for only ₹32. How much is the loss on one (in ₹)?
  14. 14.True or false: “what a customer pays” is the selling price. (a) True (b) False
  15. 15.It costs ₹21 to make one glass of chai. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.One fruit cup costs ₹55 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.One paper bookmark costs ₹54 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “money got from a sale” is the selling price. (a) True (b) False
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.One fruit cup costs ₹41 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.One paper bookmark costs Kabir ₹30 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “money spent to get it” is the cost price. (a) False (b) True
  26. 26.One paper bookmark costs Ananya ₹45 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.Kabir makes 11 cups of lemonade at a cost of ₹40 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.One glass of chai costs Ananya ₹22 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.Kabir makes 5 glasses of chai at a cost of ₹35 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  32. 32.One handmade card costs Ananya ₹29 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹47 to make one clay diya. Vihaan sells it for ₹50. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹16 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  35. 35.One potted plant costs ₹6 to make. Zoya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.One clay diya costs ₹8 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  37. 37.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  38. 38.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  39. 39.It costs ₹27 to make one cup of lemonade. On the last day Riya sells it for only ₹18. How much is the loss on one (in ₹)?
  40. 40.It costs ₹65 to make one painted pebble. On the last day Ananya sells it for only ₹55. How much is the loss on one (in ₹)?

Answer key

  1. 294
  2. 6
  3. 3
  4. 16
  5. selling price
  6. 240
  7. True
  8. 52
  9. 4
  10. what it cost you
  11. Profit
  12. False
  13. 2
  14. True
  15. 7
  16. cost price
  17. 69
  18. selling price
  19. 56
  20. True
  21. False
  22. 54
  23. False
  24. Loss
  25. True
  26. Profit
  27. selling price
  28. 143
  29. False
  30. Loss
  31. 15
  32. Profit
  33. 3
  34. 18
  35. 22
  36. 12
  37. what the buyer pays
  38. True
  39. 9
  40. 10

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