← 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 897 · 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 paper bookmark costs ₹26 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “money got from a sale” is the selling price. (a) True (b) False
  3. 3.It costs ₹35 to make one handmade card. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  4. 4.True or false: “the price you sell at” is the cost price. (a) False (b) True
  5. 5.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.Arjun makes 19 jute bags at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  8. 8.It costs ₹24 to make one glass of chai. Nisha sells it for ₹27. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.True or false: “cost of making one” is the selling price. (a) False (b) True
  13. 13.One paper bookmark costs Rohan ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹34 to make one potted plant. On the last day Saanvi sells it for only ₹25. How much is the loss on one (in ₹)?
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.True or false: “the price on your board” is the selling price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.It costs ₹57 to make one bag of popcorn. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.It costs ₹23 to make one clay diya. Meera sells it for ₹39. What is the profit on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.Ishaan makes 23 painted pebbles at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  24. 24.Gurpreet makes 13 friendship bands at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  25. 25.It costs ₹42 to make one glass of chai. On the last day Tara sells it for only ₹33. How much is the loss on one (in ₹)?
  26. 26.It costs ₹40 to make one handmade card. On the last day Nisha sells it for only ₹36. How much is the loss on one (in ₹)?
  27. 27.One clay diya costs Kabir ₹60 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.It costs ₹51 to make one clay diya. Ishaan sells it for ₹62. What is the profit on one (in ₹)?
  30. 30.It costs ₹66 to make one paper bookmark. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  32. 32.It costs ₹17 to make one potted plant. Joseph sells it for ₹34. What is the profit on one (in ₹)?
  33. 33.It costs ₹10 to make one cupcake. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  34. 34.It costs ₹59 to make one glass of chai. On the last day Saanvi sells it for only ₹58. How much is the loss on one (in ₹)?
  35. 35.It costs ₹60 to make one friendship band. On the last day Ananya sells it for only ₹58. How much is the loss on one (in ₹)?
  36. 36.One paper bookmark costs Joseph ₹48 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  39. 39.Aarav makes 11 paper bookmarks at a cost of ₹22 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  40. 40.It costs ₹19 to make one glass of chai. Arjun sells it for ₹20. What is the profit on one (in ₹)?

Answer key

  1. 29
  2. True
  3. 9
  4. False
  5. SP less than CP
  6. selling price
  7. 171
  8. 3
  9. what it cost you
  10. False
  11. True
  12. False
  13. Loss
  14. 9
  15. True
  16. True
  17. selling price
  18. 6
  19. False
  20. 16
  21. True
  22. cost price
  23. 69
  24. 52
  25. 9
  26. 4
  27. Profit
  28. selling price
  29. 11
  30. 9
  31. cost price
  32. 17
  33. 2
  34. 1
  35. 2
  36. Profit
  37. True
  38. what the buyer pays
  39. 66
  40. 1

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