← 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 908 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.It costs ₹27 to make one potted plant. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  5. 5.One paper bookmark costs ₹8 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.True or false: “the price you sell at” is the selling price. (a) True (b) False
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.It costs ₹5 to make one potted plant. Rohan sells it for ₹22. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.One fruit cup costs ₹12 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  14. 14.Vihaan makes 19 handmade cards at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.True or false: “what you paid for it” is the cost price. (a) True (b) False
  18. 18.True or false: “money got from a sale” is the selling price. (a) False (b) True
  19. 19.True or false: “cost of making one” is the selling price. (a) True (b) False
  20. 20.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  21. 21.Gurpreet makes 17 cupcakes at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  22. 22.One clay diya costs Vihaan ₹36 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  24. 24.Meera makes 7 bags of popcorn at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  25. 25.One clay diya costs Vihaan ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹5 to make one potted plant. Kavya sells it for ₹17. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.One painted pebble costs Lakshmi ₹40 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One clay diya costs Farhan ₹34 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.Nisha makes 8 paper bookmarks at a cost of ₹21 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  31. 31.Ishaan makes 28 glasses of chai at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  32. 32.It costs ₹59 to make one glass of chai. Nisha sells it for ₹76. What is the profit on one (in ₹)?
  33. 33.It costs ₹66 to make one handmade card. On the last day Meera sells it for only ₹59. How much is the loss on one (in ₹)?
  34. 34.It costs ₹15 to make one potted plant. Ananya sells it for ₹17. What is the profit on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the cost price. (a) False (b) True
  36. 36.One friendship band costs ₹44 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  37. 37.One handmade card costs ₹41 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.Rohan makes 9 friendship bands at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  39. 39.One fruit cup costs ₹32 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.Aarav makes 26 painted pebbles at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. 10
  3. cost price
  4. what the buyer pays
  5. 15
  6. selling price
  7. True
  8. False
  9. 17
  10. what it cost you
  11. cost price
  12. False
  13. 23
  14. 57
  15. True
  16. selling price
  17. True
  18. True
  19. False
  20. SP more than CP
  21. 255
  22. Loss
  23. SP less than CP
  24. 21
  25. Profit
  26. 12
  27. selling price
  28. Profit
  29. Profit
  30. 112
  31. 56
  32. 17
  33. 7
  34. 2
  35. False
  36. 62
  37. 53
  38. 99
  39. 37
  40. 78

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