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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 112 · 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 or selling price: the price you sell at? (a) cost price (b) selling price
  2. 2.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  3. 3.Ishaan makes 17 fruit cups at a cost of ₹21 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  4. 4.One glass of chai costs Saanvi ₹26 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹43 to make one paper bookmark. Rohan sells it for ₹45. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs Kavya ₹49 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One friendship band costs ₹13 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  11. 11.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.True or false: “cost of making one” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.One jute bag costs ₹7 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “cost of making one” is the selling price. (a) True (b) False
  18. 18.Ananya makes 13 painted pebbles at a cost of ₹24 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  19. 19.It costs ₹20 to make one paper bookmark. On the last day Diya sells it for only ₹15. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.True or false: “what a customer pays” is the cost price. (a) True (b) False
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.It costs ₹38 to make one clay diya. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  24. 24.Saanvi makes 10 clay diyas at a cost of ₹27 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  25. 25.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.It costs ₹29 to make one friendship band. Arjun sells it for ₹34. What is the profit on one (in ₹)?
  28. 28.Aarav makes 23 friendship bands at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  29. 29.Rohan makes 26 glasses of chai at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  30. 30.One clay diya costs ₹21 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹60 to make one paper bookmark. On the last day Vihaan sells it for only ₹59. How much is the loss on one (in ₹)?
  32. 32.Arjun makes 29 cups of lemonade at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  33. 33.It costs ₹13 to make one cupcake. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  34. 34.One bag of popcorn costs ₹7 to make. Riya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.One potted plant costs ₹28 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹63 to make one cupcake. On the last day Rohan sells it for only ₹56. How much is the loss on one (in ₹)?
  37. 37.One friendship band costs Riya ₹27 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.It costs ₹36 to make one jute bag. Farhan sells it for ₹55. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price

Answer key

  1. selling price
  2. what it cost you
  3. 187
  4. Profit
  5. 2
  6. Profit
  7. SP less than CP
  8. cost price
  9. False
  10. 31
  11. what the buyer pays
  12. cost price
  13. cost price
  14. True
  15. cost price
  16. 16
  17. False
  18. 169
  19. 5
  20. True
  21. False
  22. True
  23. 1
  24. 130
  25. SP more than CP
  26. True
  27. 5
  28. 138
  29. 338
  30. 34
  31. 1
  32. 290
  33. 8
  34. 12
  35. 38
  36. 7
  37. Loss
  38. False
  39. 19
  40. selling price

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