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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 163 · 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.One potted plant costs ₹16 to make. Ishaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  2. 2.One cupcake costs Kavya ₹51 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹11 to make one paper bookmark. Saanvi sells it for ₹17. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.True or false: “money spent to get it” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  8. 8.It costs ₹58 to make one handmade card. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  12. 12.One paper bookmark costs Dev ₹54 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  14. 14.It costs ₹37 to make one fruit cup. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹49 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  16. 16.One cupcake costs ₹31 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.It costs ₹53 to make one fruit cup. On the last day Joseph sells it for only ₹45. How much is the loss on one (in ₹)?
  19. 19.It costs ₹12 to make one painted pebble. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  23. 23.It costs ₹38 to make one fruit cup. On the last day Kabir sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.One friendship band costs Zoya ₹54 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Dev makes 7 friendship bands at a cost of ₹18 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  26. 26.It costs ₹10 to make one cup of lemonade. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  27. 27.One painted pebble costs Meera ₹54 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  30. 30.One potted plant costs Arjun ₹41 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.One glass of chai costs ₹20 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  33. 33.Tara makes 14 clay diyas at a cost of ₹17 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  34. 34.One painted pebble costs ₹38 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  35. 35.One cupcake costs ₹23 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  36. 36.One friendship band costs Zoya ₹48 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Gurpreet makes 12 glasses of chai at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.It costs ₹56 to make one cup of lemonade. On the last day Aarav sells it for only ₹48. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs ₹60 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?

Answer key

  1. 32
  2. Loss
  3. 6
  4. cost price
  5. False
  6. selling price
  7. SP less than CP
  8. 1
  9. True
  10. cost price
  11. False
  12. Profit
  13. SP more than CP
  14. 11
  15. 66
  16. 50
  17. False
  18. 8
  19. 7
  20. False
  21. cost price
  22. what the buyer pays
  23. 9
  24. Profit
  25. 49
  26. 2
  27. Loss
  28. what it cost you
  29. selling price
  30. Profit
  31. cost price
  32. 35
  33. 196
  34. 58
  35. 38
  36. Loss
  37. 24
  38. selling price
  39. 8
  40. 61

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