← 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 845 · 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.Vihaan makes 11 painted pebbles at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (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.It costs ₹8 to make one painted pebble. Tara sells it for ₹9. What is the profit on one (in ₹)?
  4. 4.One cup of lemonade costs ₹32 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  5. 5.Diya makes 12 bags of popcorn at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  6. 6.True or false: “what a customer pays” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.One bag of popcorn costs ₹54 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  11. 11.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  12. 12.It costs ₹54 to make one fruit cup. Tara sells it for ₹71. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.It costs ₹25 to make one friendship band. On the last day Arjun sells it for only ₹24. How much is the loss on one (in ₹)?
  15. 15.One jute bag costs ₹20 to make. Ishaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  16. 16.One clay diya costs Tara ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹50 to make one handmade card. On the last day Lakshmi sells it for only ₹47. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.Rohan makes 5 handmade cards at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  20. 20.It costs ₹29 to make one handmade card. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  21. 21.One bag of popcorn costs ₹30 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.Dev makes 9 friendship bands at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  24. 24.It costs ₹26 to make one clay diya. On the last day Farhan sells it for only ₹25. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.One cup of lemonade costs Arjun ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “the price you sell at” is the cost price. (a) True (b) False
  28. 28.It costs ₹19 to make one jute bag. Nisha sells it for ₹24. What is the profit on one (in ₹)?
  29. 29.It costs ₹18 to make one glass of chai. On the last day Nisha sells it for only ₹12. How much is the loss on one (in ₹)?
  30. 30.One painted pebble costs Gurpreet ₹21 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.One fruit cup costs Joseph ₹46 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹40 to make one cupcake. Riya sells it for ₹49. What is the profit on one (in ₹)?
  35. 35.One glass of chai costs Ishaan ₹49 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  38. 38.It costs ₹11 to make one cupcake. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  39. 39.True or false: “cost of making one” is the selling price. (a) False (b) True
  40. 40.One fruit cup costs ₹38 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. 99
  2. SP less than CP
  3. 1
  4. 35
  5. 156
  6. True
  7. selling price
  8. 74
  9. False
  10. what the buyer pays
  11. SP more than CP
  12. 17
  13. cost price
  14. 1
  15. 32
  16. Profit
  17. 3
  18. cost price
  19. 50
  20. 18
  21. 43
  22. 36
  23. cost price
  24. 1
  25. cost price
  26. Profit
  27. False
  28. 5
  29. 6
  30. Loss
  31. False
  32. selling price
  33. Loss
  34. 9
  35. Profit
  36. selling price
  37. True
  38. 6
  39. False
  40. 48

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