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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 167 · 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.It costs ₹48 to make one jute bag. On the last day Lakshmi sells it for only ₹45. How much is the loss on one (in ₹)?
  2. 2.It costs ₹6 to make one clay diya. Tara sells it for ₹21. What is the profit on one (in ₹)?
  3. 3.True or false: “the price on your board” is the cost price. (a) False (b) True
  4. 4.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  5. 5.One bag of popcorn costs ₹27 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.One fruit cup costs ₹35 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what you paid for it” is the selling price. (a) False (b) True
  14. 14.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.One potted plant costs Lakshmi ₹23 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹50 to make one glass of chai. On the last day Rohan sells it for only ₹45. How much is the loss on one (in ₹)?
  19. 19.It costs ₹24 to make one cup of lemonade. Kavya sells it for ₹43. What is the profit on one (in ₹)?
  20. 20.It costs ₹5 to make one clay diya. Aarav sells it for ₹11. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  22. 22.One glass of chai costs ₹16 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹27 to make one painted pebble. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.One cup of lemonade costs ₹13 to make. Arjun wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.It costs ₹14 to make one handmade card. On the last day Ananya sells it for only ₹13. How much is the loss on one (in ₹)?
  28. 28.It costs ₹14 to make one clay diya. Ishaan sells it for ₹19. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  30. 30.Vihaan makes 8 bags of popcorn at a cost of ₹24 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.Ishaan makes 16 clay diyas at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.One bag of popcorn costs ₹21 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹20 to make one clay diya. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹25 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.It costs ₹43 to make one cup of lemonade. Farhan sells it for ₹50. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹29 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.Meera makes 22 paper bookmarks at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?

Answer key

  1. 3
  2. 15
  3. False
  4. SP less than CP
  5. 29
  6. cost price
  7. True
  8. True
  9. what it cost you
  10. what the buyer pays
  11. selling price
  12. 41
  13. False
  14. SP more than CP
  15. cost price
  16. cost price
  17. Loss
  18. 5
  19. 19
  20. 6
  21. selling price
  22. 35
  23. 6
  24. True
  25. 27
  26. True
  27. 1
  28. 5
  29. selling price
  30. 8
  31. False
  32. 32
  33. True
  34. 32
  35. 13
  36. 32
  37. selling price
  38. 7
  39. 35
  40. 286

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