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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 157 · 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.True or false: “money spent to get it” is the cost price. (a) True (b) False
  2. 2.One potted plant costs ₹47 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.It costs ₹59 to make one bag of popcorn. On the last day Tara sells it for only ₹53. How much is the loss on one (in ₹)?
  6. 6.It costs ₹55 to make one jute bag. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  7. 7.It costs ₹46 to make one clay diya. Farhan sells it for ₹50. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs Meera ₹34 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.It costs ₹40 to make one clay diya. Kabir sells it for ₹52. What is the profit on one (in ₹)?
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.One cupcake costs ₹57 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  15. 15.One jute bag costs Tara ₹20 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹21 to make one handmade card. Riya sells it for ₹23. What is the profit on one (in ₹)?
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  18. 18.True or false: “cost of making one” is the cost price. (a) False (b) True
  19. 19.One clay diya costs ₹49 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.Diya makes 23 glasses of chai at a cost of ₹30 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  21. 21.It costs ₹41 to make one friendship band. Riya sells it for ₹60. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  23. 23.It costs ₹57 to make one potted plant. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  24. 24.One potted plant costs Kabir ₹58 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One painted pebble costs Tara ₹20 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  28. 28.It costs ₹49 to make one cup of lemonade. Riya sells it for ₹61. What is the profit on one (in ₹)?
  29. 29.It costs ₹25 to make one fruit cup. Saanvi sells it for ₹31. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.It costs ₹23 to make one friendship band. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) True (b) False
  33. 33.One paper bookmark costs ₹11 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.One cup of lemonade costs ₹16 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.Diya makes 12 bags of popcorn at a cost of ₹35 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  36. 36.One painted pebble costs ₹9 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  37. 37.One glass of chai costs ₹41 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹41 to make one fruit cup. Arjun sells it for ₹43. What is the profit on one (in ₹)?
  39. 39.It costs ₹58 to make one fruit cup. Rohan sells it for ₹78. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹31 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. 66
  3. cost price
  4. cost price
  5. 6
  6. 3
  7. 4
  8. Loss
  9. cost price
  10. 12
  11. False
  12. what the buyer pays
  13. selling price
  14. 72
  15. Profit
  16. 2
  17. False
  18. True
  19. 50
  20. 138
  21. 19
  22. cost price
  23. 2
  24. Profit
  25. Profit
  26. SP less than CP
  27. True
  28. 12
  29. 6
  30. selling price
  31. 4
  32. True
  33. 20
  34. 17
  35. 36
  36. 20
  37. 60
  38. 2
  39. 20
  40. 42

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