← 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 9 · 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 friendship band costs Riya ₹50 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One paper bookmark costs ₹21 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “what you paid for it” is the selling price. (a) False (b) True
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.It costs ₹50 to make one clay diya. On the last day Tara sells it for only ₹44. How much is the loss on one (in ₹)?
  6. 6.Zoya makes 27 handmade cards at a cost of ₹24 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.One potted plant costs ₹48 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.Diya makes 7 potted plants at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  16. 16.It costs ₹15 to make one cup of lemonade. Gurpreet sells it for ₹20. What is the profit on one (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) False (b) True
  18. 18.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  19. 19.True or false: “the price you sell at” is the selling price. (a) True (b) False
  20. 20.It costs ₹14 to make one paper bookmark. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.It costs ₹51 to make one potted plant. On the last day Saanvi sells it for only ₹43. How much is the loss on one (in ₹)?
  23. 23.It costs ₹32 to make one painted pebble. On the last day Rohan sells it for only ₹28. How much is the loss on one (in ₹)?
  24. 24.It costs ₹45 to make one cup of lemonade. Aarav sells it for ₹51. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹34 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹16 to make one cup of lemonade. On the last day Meera sells it for only ₹10. How much is the loss on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.Nisha makes 15 friendship bands at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  29. 29.It costs ₹38 to make one paper bookmark. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  30. 30.It costs ₹21 to make one glass of chai. Kavya sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.Lakshmi makes 20 cups of lemonade at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  33. 33.One fruit cup costs ₹59 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  34. 34.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.It costs ₹30 to make one friendship band. Diya sells it for ₹49. What is the profit on one (in ₹)?
  37. 37.It costs ₹32 to make one fruit cup. On the last day Zoya sells it for only ₹24. How much is the loss on one (in ₹)?
  38. 38.It costs ₹23 to make one clay diya. Diya sells it for ₹27. What is the profit on one (in ₹)?
  39. 39.It costs ₹21 to make one glass of chai. On the last day Gurpreet sells it for only ₹11. How much is the loss on one (in ₹)?
  40. 40.One potted plant costs Arjun ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. Profit
  2. 26
  3. False
  4. False
  5. 6
  6. 162
  7. selling price
  8. cost price
  9. 52
  10. what it cost you
  11. selling price
  12. cost price
  13. 84
  14. SP less than CP
  15. selling price
  16. 5
  17. True
  18. SP more than CP
  19. True
  20. 8
  21. cost price
  22. 8
  23. 4
  24. 6
  25. 41
  26. 6
  27. False
  28. 15
  29. 7
  30. 7
  31. 200
  32. selling price
  33. 65
  34. what the buyer pays
  35. cost price
  36. 19
  37. 8
  38. 4
  39. 10
  40. Profit

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