← 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 93 · 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.True or false: “money spent to get it” is the cost price. (a) True (b) False
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.One potted plant costs Gurpreet ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One handmade card costs ₹60 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹11 to make one handmade card. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  7. 7.It costs ₹36 to make one jute bag. On the last day Dev sells it for only ₹28. How much is the loss on one (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  9. 9.It costs ₹19 to make one glass of chai. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  10. 10.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  11. 11.It costs ₹60 to make one friendship band. On the last day Diya sells it for only ₹52. How much is the loss on one (in ₹)?
  12. 12.Aarav makes 26 painted pebbles at a cost of ₹11 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  13. 13.One handmade card costs Gurpreet ₹16 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.Tara makes 18 cupcakes at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.It costs ₹15 to make one clay diya. Joseph sells it for ₹34. What is the profit on one (in ₹)?
  17. 17.It costs ₹21 to make one handmade card. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  18. 18.It costs ₹36 to make one handmade card. On the last day Gurpreet sells it for only ₹33. How much is the loss on one (in ₹)?
  19. 19.It costs ₹15 to make one potted plant. Lakshmi sells it for ₹28. What is the profit on one (in ₹)?
  20. 20.It costs ₹53 to make one cupcake. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹8 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.It costs ₹18 to make one painted pebble. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  25. 25.It costs ₹35 to make one clay diya. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  26. 26.Rohan makes 9 bags of popcorn at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  27. 27.True or false: “money got from a sale” is the cost price. (a) False (b) True
  28. 28.Ananya makes 18 fruit cups at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  29. 29.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  30. 30.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  31. 31.One friendship band costs Nisha ₹18 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.It costs ₹22 to make one potted plant. On the last day Kavya sells it for only ₹14. How much is the loss on one (in ₹)?
  34. 34.Meera makes 26 painted pebbles at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  35. 35.It costs ₹9 to make one friendship band. Rohan sells it for ₹15. What is the profit on one (in ₹)?
  36. 36.It costs ₹43 to make one cup of lemonade. Diya sells it for ₹55. What is the profit on one (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  38. 38.One cup of lemonade costs ₹15 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.One clay diya costs ₹58 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  40. 40.Dev makes 5 handmade cards at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. False
  3. selling price
  4. Loss
  5. 64
  6. 18
  7. 8
  8. True
  9. 14
  10. SP more than CP
  11. 8
  12. 286
  13. Profit
  14. 72
  15. cost price
  16. 19
  17. 9
  18. 3
  19. 13
  20. 4
  21. 16
  22. False
  23. selling price
  24. 9
  25. 5
  26. 27
  27. False
  28. 180
  29. what the buyer pays
  30. what it cost you
  31. Profit
  32. False
  33. 8
  34. 130
  35. 6
  36. 12
  37. False
  38. 21
  39. 70
  40. 15

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