← 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 877 · 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.It costs ₹33 to make one fruit cup. Ishaan sells it for ₹41. What is the profit on one (in ₹)?
  2. 2.Ishaan makes 8 cups of lemonade at a cost of ₹24 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  3. 3.Riya makes 13 bags of popcorn at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  4. 4.It costs ₹39 to make one potted plant. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
  5. 5.True or false: “the price you sell at” is the cost price. (a) True (b) False
  6. 6.True or false: “money spent to get it” is the cost price. (a) True (b) False
  7. 7.It costs ₹9 to make one handmade card. On the last day Ishaan sells it for only ₹8. How much is the loss on one (in ₹)?
  8. 8.True or false: “the price on your board” is the selling price. (a) True (b) False
  9. 9.It costs ₹11 to make one handmade card. Nisha sells it for ₹12. What is the profit on one (in ₹)?
  10. 10.One clay diya costs Saanvi ₹23 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹60 to make one cup of lemonade. On the last day Arjun sells it for only ₹56. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  14. 14.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  15. 15.True or false: “money spent to get it” is the selling price. (a) False (b) True
  16. 16.It costs ₹16 to make one glass of chai. Zoya sells it for ₹25. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.It costs ₹30 to make one glass of chai. On the last day Farhan sells it for only ₹23. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  21. 21.True or false: “money got from a sale” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.It costs ₹12 to make one paper bookmark. Kavya sells it for ₹23. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹17 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹5 to make one handmade card. Zoya sells it for ₹24. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  27. 27.One bag of popcorn costs Diya ₹24 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Nisha makes 6 potted plants at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  29. 29.One glass of chai costs ₹30 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.One fruit cup costs ₹11 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  32. 32.One handmade card costs Lakshmi ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  35. 35.It costs ₹20 to make one cupcake. On the last day Tara sells it for only ₹13. How much is the loss on one (in ₹)?
  36. 36.One painted pebble costs Rohan ₹33 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹28 to make one cupcake. On the last day Tara sells it for only ₹23. How much is the loss on one (in ₹)?
  38. 38.It costs ₹5 to make one painted pebble. Meera sells it for ₹23. What is the profit on one (in ₹)?
  39. 39.It costs ₹40 to make one friendship band. On the last day Kavya sells it for only ₹39. How much is the loss on one (in ₹)?
  40. 40.One friendship band costs ₹26 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. 8
  2. 40
  3. 130
  4. 1
  5. False
  6. True
  7. 1
  8. True
  9. 1
  10. Loss
  11. 4
  12. cost price
  13. what the buyer pays
  14. SP less than CP
  15. False
  16. 9
  17. selling price
  18. True
  19. 7
  20. what it cost you
  21. False
  22. cost price
  23. 11
  24. 35
  25. 19
  26. selling price
  27. Profit
  28. 72
  29. 48
  30. 18
  31. False
  32. Loss
  33. True
  34. selling price
  35. 7
  36. Loss
  37. 5
  38. 18
  39. 1
  40. 38

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