← 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 927 · 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: cost of making one? (a) cost price (b) selling price
  2. 2.One jute bag costs Meera ₹59 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
  4. 4.One jute bag costs ₹26 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  5. 5.One friendship band costs ₹32 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.One friendship band costs ₹20 to make. Diya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the selling price. (a) False (b) True
  8. 8.It costs ₹18 to make one clay diya. Gurpreet sells it for ₹34. What is the profit on one (in ₹)?
  9. 9.Ishaan makes 29 potted plants at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  10. 10.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  11. 11.One cup of lemonade costs Gurpreet ₹36 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.One jute bag costs Rohan ₹52 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹48 to make one cup of lemonade. Nisha sells it for ₹67. What is the profit on one (in ₹)?
  17. 17.It costs ₹57 to make one cup of lemonade. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  18. 18.It costs ₹58 to make one painted pebble. On the last day Diya sells it for only ₹53. How much is the loss on one (in ₹)?
  19. 19.It costs ₹23 to make one fruit cup. On the last day Dev sells it for only ₹15. How much is the loss on one (in ₹)?
  20. 20.One glass of chai costs Tara ₹52 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One fruit cup costs ₹55 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹16 to make one cup of lemonade. On the last day Tara sells it for only ₹7. How much is the loss on one (in ₹)?
  23. 23.One glass of chai costs ₹29 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  24. 24.Meera makes 20 handmade cards at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  25. 25.It costs ₹43 to make one fruit cup. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.True or false: “money spent to get it” is the selling price. (a) True (b) False
  28. 28.It costs ₹13 to make one glass of chai. Ishaan sells it for ₹16. What is the profit on one (in ₹)?
  29. 29.It costs ₹19 to make one glass of chai. On the last day Saanvi sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.It costs ₹25 to make one handmade card. Diya sells it for ₹30. What is the profit on one (in ₹)?
  31. 31.It costs ₹8 to make one clay diya. On the last day Nisha sells it for only ₹7. How much is the loss on one (in ₹)?
  32. 32.It costs ₹14 to make one cup of lemonade. Diya sells it for ₹24. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs Aarav ₹27 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  35. 35.Kavya makes 5 fruit cups at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  36. 36.It costs ₹45 to make one painted pebble. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  38. 38.Dev makes 12 painted pebbles at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  39. 39.It costs ₹15 to make one fruit cup. On the last day Kavya sells it for only ₹9. How much is the loss on one (in ₹)?
  40. 40.One friendship band costs ₹16 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. Profit
  3. True
  4. 42
  5. 40
  6. 27
  7. False
  8. 16
  9. 145
  10. SP less than CP
  11. Profit
  12. what the buyer pays
  13. selling price
  14. selling price
  15. Profit
  16. 19
  17. 2
  18. 5
  19. 8
  20. Loss
  21. 62
  22. 9
  23. 38
  24. 80
  25. 3
  26. cost price
  27. False
  28. 3
  29. 2
  30. 5
  31. 1
  32. 10
  33. Loss
  34. selling price
  35. 55
  36. 7
  37. what it cost you
  38. 24
  39. 6
  40. 23

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