← 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 838 · 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.One potted plant costs ₹11 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.One clay diya costs Farhan ₹45 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  7. 7.True or false: “the price you sell at” is the selling price. (a) False (b) True
  8. 8.It costs ₹21 to make one cup of lemonade. On the last day Dev sells it for only ₹16. How much is the loss on one (in ₹)?
  9. 9.One paper bookmark costs ₹25 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  10. 10.One jute bag costs Ananya ₹25 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  16. 16.It costs ₹63 to make one clay diya. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  19. 19.True or false: “the price on your board” is the selling price. (a) True (b) False
  20. 20.It costs ₹27 to make one glass of chai. On the last day Diya sells it for only ₹17. How much is the loss on one (in ₹)?
  21. 21.It costs ₹46 to make one cup of lemonade. On the last day Kavya sells it for only ₹44. How much is the loss on one (in ₹)?
  22. 22.It costs ₹29 to make one handmade card. Zoya sells it for ₹45. What is the profit on one (in ₹)?
  23. 23.One friendship band costs Farhan ₹53 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.Riya makes 29 paper bookmarks at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  26. 26.One bag of popcorn costs Zoya ₹20 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.One paper bookmark costs ₹50 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹16 to make one clay diya. Gurpreet sells it for ₹35. What is the profit on one (in ₹)?
  30. 30.It costs ₹32 to make one clay diya. Vihaan sells it for ₹37. What is the profit on one (in ₹)?
  31. 31.One painted pebble costs ₹46 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.It costs ₹38 to make one jute bag. On the last day Diya sells it for only ₹33. How much is the loss on one (in ₹)?
  34. 34.Rohan makes 6 friendship bands at a cost of ₹11 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  35. 35.It costs ₹19 to make one cupcake. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) False (b) True
  37. 37.One glass of chai costs ₹21 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹19 to make one friendship band. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  39. 39.It costs ₹24 to make one glass of chai. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  40. 40.Kavya makes 28 friendship bands at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?

Answer key

  1. 13
  2. SP less than CP
  3. selling price
  4. Loss
  5. False
  6. what the buyer pays
  7. True
  8. 5
  9. 43
  10. Loss
  11. cost price
  12. selling price
  13. selling price
  14. SP more than CP
  15. what it cost you
  16. 10
  17. cost price
  18. cost price
  19. True
  20. 10
  21. 2
  22. 16
  23. Loss
  24. selling price
  25. 58
  26. Profit
  27. False
  28. 66
  29. 19
  30. 5
  31. 50
  32. True
  33. 5
  34. 18
  35. 8
  36. False
  37. 41
  38. 14
  39. 17
  40. 56

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