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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 204 · 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.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.One fruit cup costs Ishaan ₹52 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One clay diya costs ₹52 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.It costs ₹12 to make one glass of chai. On the last day Riya sells it for only ₹8. How much is the loss on one (in ₹)?
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹24 to make one cup of lemonade. On the last day Zoya sells it for only ₹19. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.It costs ₹45 to make one clay diya. Kabir sells it for ₹63. What is the profit on one (in ₹)?
  13. 13.It costs ₹20 to make one fruit cup. Joseph sells it for ₹22. What is the profit on one (in ₹)?
  14. 14.One friendship band costs ₹52 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.Ishaan makes 11 handmade cards at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  16. 16.It costs ₹6 to make one handmade card. Rohan sells it for ₹16. What is the profit on one (in ₹)?
  17. 17.One friendship band costs Nisha ₹50 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  19. 19.True or false: “cost of making one” is the selling price. (a) True (b) False
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.Lakshmi makes 12 painted pebbles at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  23. 23.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.Ananya makes 8 bags of popcorn at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  26. 26.It costs ₹60 to make one clay diya. On the last day Farhan sells it for only ₹50. How much is the loss on one (in ₹)?
  27. 27.It costs ₹55 to make one potted plant. Joseph sells it for ₹58. What is the profit on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.Tara makes 12 glasses of chai at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  30. 30.Riya makes 23 clay diyas at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  31. 31.It costs ₹60 to make one bag of popcorn. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?
  32. 32.One bag of popcorn costs ₹30 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹8 to make one cupcake. Saanvi sells it for ₹9. What is the profit on one (in ₹)?
  34. 34.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  35. 35.It costs ₹30 to make one paper bookmark. Joseph sells it for ₹35. What is the profit on one (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) False (b) True
  37. 37.It costs ₹44 to make one friendship band. On the last day Farhan sells it for only ₹41. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  39. 39.One cupcake costs ₹32 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹14 to make one jute bag. On the last day Ishaan sells it for only ₹12. How much is the loss on one (in ₹)?

Answer key

  1. what the buyer pays
  2. cost price
  3. Profit
  4. 71
  5. False
  6. 4
  7. True
  8. selling price
  9. cost price
  10. 5
  11. cost price
  12. 18
  13. 2
  14. 58
  15. 110
  16. 10
  17. Profit
  18. True
  19. False
  20. False
  21. 48
  22. what it cost you
  23. SP more than CP
  24. selling price
  25. 120
  26. 10
  27. 3
  28. True
  29. 168
  30. 345
  31. 6
  32. 38
  33. 1
  34. SP less than CP
  35. 5
  36. False
  37. 3
  38. selling price
  39. 41
  40. 2

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