← 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 971 · 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 means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.One fruit cup costs Farhan ₹52 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One bag of popcorn costs Meera ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
  7. 7.It costs ₹49 to make one paper bookmark. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  8. 8.It costs ₹20 to make one bag of popcorn. On the last day Riya sells it for only ₹12. How much is the loss on one (in ₹)?
  9. 9.One painted pebble costs Rohan ₹46 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.One painted pebble costs ₹7 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹18 to make one handmade card. Diya sells it for ₹26. What is the profit on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  13. 13.It costs ₹46 to make one bag of popcorn. On the last day Meera sells it for only ₹36. How much is the loss on one (in ₹)?
  14. 14.It costs ₹29 to make one friendship band. Lakshmi sells it for ₹37. What is the profit on one (in ₹)?
  15. 15.It costs ₹60 to make one handmade card. On the last day Meera sells it for only ₹55. How much is the loss on one (in ₹)?
  16. 16.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  17. 17.One bag of popcorn costs ₹39 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.One bag of popcorn costs ₹12 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  19. 19.One painted pebble costs ₹45 to make. Saanvi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.It costs ₹31 to make one potted plant. Meera sells it for ₹32. What is the profit on one (in ₹)?
  22. 22.One cup of lemonade costs Zoya ₹33 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.Aarav makes 5 potted plants at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  27. 27.It costs ₹49 to make one clay diya. Meera sells it for ₹69. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  30. 30.Farhan makes 22 fruit cups at a cost of ₹16 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  31. 31.Lakshmi makes 13 glasses of chai at a cost of ₹30 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  32. 32.Aarav makes 30 jute bags at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  33. 33.Riya makes 28 fruit cups at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.Rohan makes 21 cupcakes at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.Joseph makes 8 paper bookmarks at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  39. 39.It costs ₹38 to make one cup of lemonade. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  40. 40.One clay diya costs Farhan ₹19 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what it cost you
  2. selling price
  3. True
  4. Loss
  5. Loss
  6. False
  7. 3
  8. 8
  9. Profit
  10. 17
  11. 8
  12. SP more than CP
  13. 10
  14. 8
  15. 5
  16. SP less than CP
  17. 46
  18. 17
  19. 57
  20. cost price
  21. 1
  22. Loss
  23. True
  24. False
  25. cost price
  26. 35
  27. 20
  28. cost price
  29. selling price
  30. 242
  31. 117
  32. 180
  33. 56
  34. cost price
  35. False
  36. 252
  37. selling price
  38. 72
  39. 6
  40. Loss

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