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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 150 · 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.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  2. 2.True or false: “the price you sell at” is the selling price. (a) True (b) False
  3. 3.True or false: “money got from a sale” is the cost price. (a) False (b) True
  4. 4.It costs ₹33 to make one cupcake. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  5. 5.It costs ₹55 to make one friendship band. On the last day Aarav sells it for only ₹45. How much is the loss on one (in ₹)?
  6. 6.Joseph makes 9 cups of lemonade at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  7. 7.It costs ₹9 to make one glass of chai. Lakshmi sells it for ₹24. What is the profit on one (in ₹)?
  8. 8.One potted plant costs ₹19 to make. Farhan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.It costs ₹24 to make one fruit cup. On the last day Kavya sells it for only ₹15. How much is the loss on one (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  13. 13.One painted pebble costs ₹52 to make. Joseph wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  14. 14.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  15. 15.True or false: “cost of making one” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.Kavya makes 12 glasses of chai at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  19. 19.Tara makes 17 painted pebbles at a cost of ₹40 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  20. 20.One jute bag costs ₹29 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹41 to make one clay diya. Aarav sells it for ₹58. What is the profit on one (in ₹)?
  22. 22.One clay diya costs Farhan ₹36 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One cup of lemonade costs Ananya ₹47 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹39 to make one clay diya. Lakshmi sells it for ₹41. What is the profit on one (in ₹)?
  25. 25.One handmade card costs Diya ₹58 to make and sells for ₹70. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹31 to make one painted pebble. On the last day Joseph sells it for only ₹21. How much is the loss on one (in ₹)?
  27. 27.One handmade card costs Rohan ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹45 to make one potted plant. Kavya sells it for ₹65. What is the profit on one (in ₹)?
  29. 29.True or false: “the price on your board” is the selling price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  31. 31.True or false: “what a customer pays” is the cost price. (a) True (b) False
  32. 32.It costs ₹15 to make one cup of lemonade. Meera sells it for ₹28. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs Dev ₹54 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One potted plant costs ₹41 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “money spent to get it” is the selling price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.It costs ₹50 to make one paper bookmark. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  38. 38.One handmade card costs ₹11 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.One potted plant costs Aarav ₹46 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One fruit cup costs ₹8 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. True
  3. False
  4. 6
  5. 10
  6. 27
  7. 15
  8. 34
  9. False
  10. 9
  11. True
  12. what it cost you
  13. 60
  14. what the buyer pays
  15. False
  16. selling price
  17. cost price
  18. 180
  19. 68
  20. 42
  21. 17
  22. Loss
  23. Loss
  24. 2
  25. Profit
  26. 10
  27. Loss
  28. 20
  29. True
  30. cost price
  31. False
  32. 13
  33. Loss
  34. 52
  35. False
  36. selling price
  37. 1
  38. 19
  39. Loss
  40. 20

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