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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 174 · 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 painted pebble costs ₹17 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  4. 4.It costs ₹8 to make one jute bag. Saanvi sells it for ₹12. What is the profit on one (in ₹)?
  5. 5.One clay diya costs ₹43 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  7. 7.Arjun makes 26 jute bags at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  8. 8.It costs ₹58 to make one jute bag. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  9. 9.It costs ₹20 to make one clay diya. Riya sells it for ₹32. What is the profit on one (in ₹)?
  10. 10.One paper bookmark costs ₹17 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  11. 11.One jute bag costs ₹38 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  14. 14.It costs ₹48 to make one painted pebble. Gurpreet sells it for ₹49. What is the profit on one (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.One cup of lemonade costs ₹41 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹23 to make one clay diya. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  18. 18.Zoya makes 21 potted plants at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  19. 19.It costs ₹30 to make one friendship band. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  21. 21.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  22. 22.Rohan makes 21 fruit cups at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  24. 24.Joseph makes 21 handmade cards at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  25. 25.Riya makes 17 cupcakes at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price you sell at” is the selling price. (a) False (b) True
  27. 27.Aarav makes 23 glasses of chai at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  28. 28.It costs ₹28 to make one jute bag. Tara sells it for ₹44. What is the profit on one (in ₹)?
  29. 29.It costs ₹64 to make one cup of lemonade. On the last day Rohan sells it for only ₹60. How much is the loss on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) True (b) False
  31. 31.One cup of lemonade costs ₹23 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹10 to make one handmade card. Tara sells it for ₹19. What is the profit on one (in ₹)?
  33. 33.True or false: “what you paid for it” is the cost price. (a) True (b) False
  34. 34.Farhan makes 18 potted plants at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  35. 35.One potted plant costs Kavya ₹36 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One clay diya costs Arjun ₹46 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One potted plant costs Ananya ₹19 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.True or false: “the price on your board” is the cost price. (a) False (b) True
  39. 39.True or false: “what a customer pays” is the cost price. (a) True (b) False
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. 23
  2. what the buyer pays
  3. what it cost you
  4. 4
  5. 50
  6. SP more than CP
  7. 52
  8. 4
  9. 12
  10. 31
  11. 44
  12. cost price
  13. cost price
  14. 1
  15. False
  16. 45
  17. 3
  18. 315
  19. 9
  20. selling price
  21. SP less than CP
  22. 273
  23. cost price
  24. 252
  25. 51
  26. True
  27. 92
  28. 16
  29. 4
  30. True
  31. 40
  32. 9
  33. True
  34. 90
  35. Profit
  36. Loss
  37. Profit
  38. False
  39. False
  40. True

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