← 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 940 · 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 painted pebble costs ₹55 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  3. 3.Kavya makes 15 fruit cups at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  4. 4.True or false: “the price on your board” is the cost price. (a) True (b) False
  5. 5.Rohan makes 7 cupcakes at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.One painted pebble costs ₹21 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what a customer pays” is the cost price. (a) False (b) True
  10. 10.It costs ₹42 to make one cup of lemonade. On the last day Arjun sells it for only ₹34. How much is the loss on one (in ₹)?
  11. 11.Arjun makes 9 potted plants at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  13. 13.It costs ₹39 to make one jute bag. Farhan sells it for ₹42. What is the profit on one (in ₹)?
  14. 14.Meera makes 26 potted plants at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  15. 15.It costs ₹31 to make one glass of chai. On the last day Tara sells it for only ₹30. How much is the loss on one (in ₹)?
  16. 16.Diya makes 14 potted plants at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.True or false: “what a customer pays” is the selling price. (a) True (b) False
  18. 18.One cupcake costs Meera ₹49 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.It costs ₹29 to make one bag of popcorn. On the last day Vihaan sells it for only ₹22. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.True or false: “money spent to get it” is the selling price. (a) False (b) True
  23. 23.One fruit cup costs ₹38 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.One glass of chai costs Meera ₹22 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹25 to make one jute bag. Nisha sells it for ₹35. What is the profit on one (in ₹)?
  27. 27.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.One handmade card costs ₹45 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹13 to make one bag of popcorn. Dev sells it for ₹21. What is the profit on one (in ₹)?
  31. 31.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  33. 33.It costs ₹5 to make one painted pebble. Nisha sells it for ₹11. What is the profit on one (in ₹)?
  34. 34.One jute bag costs Ishaan ₹19 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹28 to make one painted pebble. On the last day Riya sells it for only ₹22. How much is the loss on one (in ₹)?
  36. 36.One jute bag costs Lakshmi ₹26 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One painted pebble costs ₹34 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  38. 38.One paper bookmark costs Nisha ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹30 to make one friendship band. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  40. 40.Gurpreet makes 29 glasses of chai at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?

Answer key

  1. 73
  2. what the buyer pays
  3. 225
  4. False
  5. 35
  6. True
  7. cost price
  8. 26
  9. False
  10. 8
  11. 18
  12. what it cost you
  13. 3
  14. 390
  15. 1
  16. 98
  17. True
  18. Profit
  19. cost price
  20. 7
  21. cost price
  22. False
  23. 50
  24. selling price
  25. Profit
  26. 10
  27. SP more than CP
  28. selling price
  29. 60
  30. 8
  31. SP less than CP
  32. selling price
  33. 6
  34. Loss
  35. 6
  36. Loss
  37. 49
  38. Loss
  39. 11
  40. 145

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