← 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 836 · 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.Riya makes 8 jute bags at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  2. 2.One paper bookmark costs Tara ₹47 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹61 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  4. 4.Arjun makes 7 painted pebbles at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.It costs ₹12 to make one potted plant. Aarav sells it for ₹16. What is the profit on one (in ₹)?
  8. 8.One clay diya costs ₹20 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  9. 9.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.One potted plant costs Tara ₹60 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹18 to make one handmade card. Diya sells it for ₹35. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  16. 16.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  17. 17.It costs ₹19 to make one jute bag. Lakshmi sells it for ₹21. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹42 to make. Joseph wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.One cupcake costs ₹53 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.One handmade card costs ₹24 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.One fruit cup costs ₹38 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹24 to make one cup of lemonade. Zoya sells it for ₹42. What is the profit on one (in ₹)?
  26. 26.It costs ₹31 to make one handmade card. Tara sells it for ₹51. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs ₹39 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.One fruit cup costs ₹46 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  29. 29.One friendship band costs Zoya ₹29 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹64 to make one cup of lemonade. On the last day Aarav sells it for only ₹57. How much is the loss on one (in ₹)?
  31. 31.Aarav makes 27 friendship bands at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  32. 32.Ananya makes 22 cups of lemonade at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  33. 33.Riya makes 16 jute bags at a cost of ₹39 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  35. 35.It costs ₹30 to make one painted pebble. On the last day Nisha sells it for only ₹21. How much is the loss on one (in ₹)?
  36. 36.Diya makes 15 paper bookmarks at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  37. 37.It costs ₹46 to make one paper bookmark. Dev sells it for ₹60. What is the profit on one (in ₹)?
  38. 38.It costs ₹54 to make one cupcake. Lakshmi sells it for ₹63. What is the profit on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.One friendship band costs Riya ₹40 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 32
  2. Loss
  3. 9
  4. 56
  5. what it cost you
  6. cost price
  7. 4
  8. 39
  9. SP more than CP
  10. True
  11. cost price
  12. Profit
  13. 17
  14. selling price
  15. selling price
  16. SP less than CP
  17. 2
  18. 60
  19. selling price
  20. 67
  21. 39
  22. cost price
  23. False
  24. 47
  25. 18
  26. 20
  27. 48
  28. 66
  29. Loss
  30. 7
  31. 27
  32. 198
  33. 96
  34. what the buyer pays
  35. 9
  36. 150
  37. 14
  38. 9
  39. False
  40. Profit

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