← 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 959 · 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.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  2. 2.It costs ₹44 to make one cupcake. On the last day Saanvi sells it for only ₹41. How much is the loss on one (in ₹)?
  3. 3.True or false: “the price on your board” is the cost price. (a) True (b) False
  4. 4.Riya makes 9 cups of lemonade at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  5. 5.One potted plant costs ₹8 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.Gurpreet makes 29 paper bookmarks at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  8. 8.Gurpreet makes 24 fruit cups at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  9. 9.It costs ₹10 to make one cup of lemonade. Aarav sells it for ₹21. What is the profit on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  12. 12.One potted plant costs ₹17 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.It costs ₹15 to make one glass of chai. On the last day Vihaan sells it for only ₹6. How much is the loss on one (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  17. 17.Aarav makes 8 jute bags at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.Aarav makes 10 cupcakes at a cost of ₹19 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  20. 20.Dev makes 5 jute bags at a cost of ₹20 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.It costs ₹44 to make one handmade card. On the last day Nisha sells it for only ₹34. How much is the loss on one (in ₹)?
  23. 23.One painted pebble costs ₹25 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  24. 24.One glass of chai costs Kabir ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.One glass of chai costs Aarav ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹56 to make one fruit cup. On the last day Aarav sells it for only ₹53. How much is the loss on one (in ₹)?
  28. 28.It costs ₹20 to make one cupcake. Gurpreet sells it for ₹35. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  31. 31.It costs ₹22 to make one paper bookmark. Riya sells it for ₹39. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs Rohan ₹21 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One handmade card costs ₹35 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.Ishaan makes 16 bags of popcorn at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  35. 35.True or false: “money got from a sale” is the cost price. (a) True (b) False
  36. 36.One bag of popcorn costs ₹6 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “what you paid for it” is the cost price. (a) False (b) True
  38. 38.One paper bookmark costs Nisha ₹23 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One painted pebble costs ₹41 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  40. 40.One paper bookmark costs Saanvi ₹51 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what the buyer pays
  2. 3
  3. False
  4. 54
  5. 10
  6. 116
  7. what it cost you
  8. 48
  9. 11
  10. SP less than CP
  11. SP more than CP
  12. 32
  13. selling price
  14. cost price
  15. 9
  16. False
  17. 120
  18. selling price
  19. 30
  20. 70
  21. True
  22. 10
  23. 28
  24. Profit
  25. cost price
  26. Loss
  27. 3
  28. 15
  29. selling price
  30. cost price
  31. 17
  32. Profit
  33. 40
  34. 48
  35. False
  36. 16
  37. True
  38. Loss
  39. 58
  40. Loss

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