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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 148 · 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.Ananya makes 12 clay diyas at a cost of ₹39 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.One fruit cup costs ₹33 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹13 to make one cup of lemonade. On the last day Diya sells it for only ₹11. How much is the loss on one (in ₹)?
  5. 5.True or false: “money got from a sale” is the cost price. (a) True (b) False
  6. 6.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.Riya makes 20 jute bags at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  10. 10.One paper bookmark costs ₹35 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  11. 11.One cupcake costs ₹46 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  14. 14.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.One friendship band costs ₹26 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) False (b) True
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.One cupcake costs ₹52 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.It costs ₹58 to make one cupcake. On the last day Dev sells it for only ₹54. How much is the loss on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.It costs ₹7 to make one paper bookmark. Kabir sells it for ₹8. What is the profit on one (in ₹)?
  26. 26.Nisha makes 20 painted pebbles at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  27. 27.One painted pebble costs ₹46 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹22 to make one glass of chai. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  29. 29.Meera makes 6 handmade cards at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  30. 30.It costs ₹35 to make one handmade card. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  32. 32.It costs ₹30 to make one glass of chai. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  33. 33.Nisha makes 9 friendship bands at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  34. 34.One handmade card costs ₹20 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹14 to make one paper bookmark. On the last day Joseph sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.One painted pebble costs ₹44 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹44 to make one handmade card. Kavya sells it for ₹58. What is the profit on one (in ₹)?
  38. 38.It costs ₹39 to make one potted plant. On the last day Saanvi sells it for only ₹38. How much is the loss on one (in ₹)?
  39. 39.It costs ₹25 to make one clay diya. Ananya sells it for ₹31. What is the profit on one (in ₹)?
  40. 40.True or false: “what a customer pays” is the cost price. (a) False (b) True

Answer key

  1. 168
  2. cost price
  3. 48
  4. 2
  5. False
  6. what the buyer pays
  7. what it cost you
  8. cost price
  9. 300
  10. 54
  11. 47
  12. selling price
  13. True
  14. SP more than CP
  15. False
  16. cost price
  17. 34
  18. False
  19. False
  20. 60
  21. SP less than CP
  22. cost price
  23. 4
  24. True
  25. 1
  26. 40
  27. 66
  28. 2
  29. 36
  30. 2
  31. selling price
  32. 10
  33. 18
  34. 33
  35. 3
  36. 45
  37. 14
  38. 1
  39. 6
  40. False

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