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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 120 · 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 on your board? (a) selling price (b) cost price
  2. 2.It costs ₹13 to make one potted plant. Arjun sells it for ₹15. What is the profit on one (in ₹)?
  3. 3.It costs ₹59 to make one friendship band. Vihaan sells it for ₹79. What is the profit on one (in ₹)?
  4. 4.Meera makes 16 fruit cups at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.Nisha makes 14 potted plants at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  7. 7.It costs ₹43 to make one cup of lemonade. Vihaan sells it for ₹57. What is the profit on one (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  9. 9.True or false: “cost of making one” is the selling price. (a) False (b) True
  10. 10.One clay diya costs Riya ₹32 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One potted plant costs Arjun ₹60 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹39 to make one cup of lemonade. On the last day Meera sells it for only ₹37. How much is the loss on one (in ₹)?
  13. 13.One glass of chai costs ₹53 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  15. 15.True or false: “what you paid for it” is the cost price. (a) True (b) False
  16. 16.One potted plant costs Rohan ₹17 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Gurpreet makes 16 handmade cards at a cost of ₹22 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  18. 18.It costs ₹21 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹20. How much is the loss on one (in ₹)?
  19. 19.One fruit cup costs ₹34 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  20. 20.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  21. 21.It costs ₹59 to make one glass of chai. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  22. 22.It costs ₹66 to make one jute bag. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  23. 23.Nisha makes 6 jute bags at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  24. 24.One jute bag costs Aarav ₹44 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  26. 26.It costs ₹58 to make one handmade card. On the last day Zoya sells it for only ₹54. How much is the loss on one (in ₹)?
  27. 27.One jute bag costs Gurpreet ₹37 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹13 to make one painted pebble. On the last day Meera sells it for only ₹6. How much is the loss on one (in ₹)?
  29. 29.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  30. 30.One handmade card costs ₹39 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.It costs ₹39 to make one clay diya. Farhan sells it for ₹45. What is the profit on one (in ₹)?
  35. 35.It costs ₹42 to make one painted pebble. Vihaan sells it for ₹62. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs Kabir ₹43 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One potted plant costs ₹54 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.One friendship band costs ₹55 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) True (b) False
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. selling price
  2. 2
  3. 20
  4. 176
  5. selling price
  6. 14
  7. 14
  8. SP more than CP
  9. False
  10. Loss
  11. Loss
  12. 2
  13. 61
  14. what it cost you
  15. True
  16. Loss
  17. 80
  18. 1
  19. 51
  20. what the buyer pays
  21. 6
  22. 10
  23. 54
  24. Profit
  25. cost price
  26. 4
  27. Loss
  28. 7
  29. SP less than CP
  30. 45
  31. cost price
  32. cost price
  33. selling price
  34. 6
  35. 20
  36. Loss
  37. 74
  38. 72
  39. False
  40. True

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