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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 202 · 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.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  2. 2.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  3. 3.One painted pebble costs ₹15 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  6. 6.Lakshmi makes 9 jute bags at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.True or false: “what a customer pays” is the selling price. (a) True (b) False
  9. 9.One paper bookmark costs Gurpreet ₹39 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  11. 11.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  12. 12.It costs ₹38 to make one clay diya. Riya sells it for ₹41. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.One glass of chai costs ₹22 to make. Zoya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹35 to make one glass of chai. On the last day Gurpreet sells it for only ₹29. How much is the loss on one (in ₹)?
  16. 16.It costs ₹21 to make one paper bookmark. On the last day Kabir sells it for only ₹17. How much is the loss on one (in ₹)?
  17. 17.Aarav makes 28 painted pebbles at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  18. 18.One potted plant costs ₹34 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹58 to make one paper bookmark. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  21. 21.It costs ₹64 to make one paper bookmark. On the last day Vihaan sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.One friendship band costs Joseph ₹42 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “the price on your board” is the selling price. (a) True (b) False
  24. 24.It costs ₹30 to make one cupcake. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  25. 25.One cup of lemonade costs ₹58 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “what you paid for it” is the selling price. (a) True (b) False
  27. 27.One paper bookmark costs Tara ₹53 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.Ananya makes 27 glasses of chai at a cost of ₹26 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  30. 30.It costs ₹29 to make one glass of chai. On the last day Riya sells it for only ₹21. How much is the loss on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.One fruit cup costs Ananya ₹19 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹53 to make one handmade card. On the last day Joseph sells it for only ₹45. How much is the loss on one (in ₹)?
  36. 36.One painted pebble costs ₹26 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “money got from a sale” is the selling price. (a) True (b) False
  38. 38.Rohan makes 13 paper bookmarks at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  39. 39.Gurpreet makes 7 potted plants at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  40. 40.One friendship band costs ₹14 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. SP less than CP
  3. 35
  4. cost price
  5. what the buyer pays
  6. 45
  7. cost price
  8. True
  9. Profit
  10. SP more than CP
  11. what it cost you
  12. 3
  13. selling price
  14. 31
  15. 6
  16. 4
  17. 308
  18. 46
  19. 5
  20. cost price
  21. 8
  22. Profit
  23. True
  24. 6
  25. 74
  26. False
  27. Profit
  28. selling price
  29. 324
  30. 8
  31. False
  32. False
  33. cost price
  34. Loss
  35. 8
  36. 37
  37. True
  38. 156
  39. 105
  40. 32

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