← 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 960 · 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) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  2. 2.One clay diya costs ₹19 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.One cup of lemonade costs ₹48 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  7. 7.It costs ₹23 to make one potted plant. On the last day Zoya sells it for only ₹21. How much is the loss on one (in ₹)?
  8. 8.One glass of chai costs Meera ₹39 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One cup of lemonade costs ₹49 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.True or false: “the price on your board” is the cost price. (a) True (b) False
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  15. 15.True or false: “the price you sell at” is the selling price. (a) True (b) False
  16. 16.Arjun makes 7 handmade cards at a cost of ₹6 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  17. 17.One paper bookmark costs ₹60 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.It costs ₹12 to make one fruit cup. Farhan sells it for ₹24. What is the profit on one (in ₹)?
  21. 21.Dev makes 21 clay diyas at a cost of ₹18 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) False (b) True
  23. 23.One potted plant costs ₹44 to make. Nisha wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹32 to make one glass of chai. Kabir sells it for ₹46. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs Kavya ₹39 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹19 to make one cupcake. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  27. 27.True or false: “cost of making one” is the cost price. (a) True (b) False
  28. 28.Vihaan makes 8 glasses of chai at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  29. 29.One bag of popcorn costs ₹27 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.One friendship band costs ₹11 to make. Riya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.One glass of chai costs Rohan ₹46 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One potted plant costs Rohan ₹17 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Lakshmi makes 9 bags of popcorn at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  35. 35.It costs ₹54 to make one fruit cup. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  36. 36.It costs ₹47 to make one fruit cup. Meera sells it for ₹64. What is the profit on one (in ₹)?
  37. 37.It costs ₹31 to make one cup of lemonade. On the last day Dev sells it for only ₹26. How much is the loss on one (in ₹)?
  38. 38.It costs ₹8 to make one cup of lemonade. Meera sells it for ₹13. What is the profit on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
  40. 40.It costs ₹56 to make one handmade card. Riya sells it for ₹66. What is the profit on one (in ₹)?

Answer key

  1. what the buyer pays
  2. 26
  3. selling price
  4. 63
  5. cost price
  6. SP more than CP
  7. 2
  8. Loss
  9. 51
  10. selling price
  11. cost price
  12. False
  13. False
  14. SP less than CP
  15. True
  16. 42
  17. 72
  18. what it cost you
  19. selling price
  20. 12
  21. 168
  22. False
  23. 58
  24. 14
  25. Loss
  26. 9
  27. True
  28. 48
  29. 43
  30. True
  31. 25
  32. Loss
  33. Profit
  34. 72
  35. 3
  36. 17
  37. 5
  38. 5
  39. False
  40. 10

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