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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 208 · 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 fruit cup costs ₹20 to make. Riya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.One bag of popcorn costs ₹7 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the price you sell at” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.It costs ₹26 to make one handmade card. Meera sells it for ₹45. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.It costs ₹28 to make one friendship band. Vihaan sells it for ₹36. What is the profit on one (in ₹)?
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.True or false: “what a customer pays” is the selling price. (a) True (b) False
  18. 18.One cupcake costs Meera ₹58 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹51 to make one jute bag. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  20. 20.Diya makes 8 potted plants at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  21. 21.It costs ₹55 to make one friendship band. On the last day Diya sells it for only ₹47. How much is the loss on one (in ₹)?
  22. 22.It costs ₹55 to make one painted pebble. Meera sells it for ₹61. What is the profit on one (in ₹)?
  23. 23.One painted pebble costs ₹24 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  24. 24.One potted plant costs ₹7 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹14 to make one jute bag. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  27. 27.It costs ₹24 to make one painted pebble. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  28. 28.It costs ₹7 to make one friendship band. Diya sells it for ₹17. What is the profit on one (in ₹)?
  29. 29.One handmade card costs Diya ₹55 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One glass of chai costs Aarav ₹60 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “money got from a sale” is the selling price. (a) True (b) False
  32. 32.Joseph makes 17 paper bookmarks at a cost of ₹33 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  33. 33.It costs ₹37 to make one glass of chai. Farhan sells it for ₹49. What is the profit on one (in ₹)?
  34. 34.One potted plant costs Joseph ₹50 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹26 to make one cup of lemonade. Tara sells it for ₹31. What is the profit on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the cost price. (a) True (b) False
  37. 37.Zoya makes 6 jute bags at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.It costs ₹10 to make one clay diya. Meera sells it for ₹13. What is the profit on one (in ₹)?
  39. 39.It costs ₹13 to make one glass of chai. On the last day Dev sells it for only ₹12. How much is the loss on one (in ₹)?
  40. 40.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP

Answer key

  1. 25
  2. SP less than CP
  3. cost price
  4. 8
  5. False
  6. selling price
  7. 19
  8. cost price
  9. 8
  10. False
  11. selling price
  12. True
  13. what the buyer pays
  14. cost price
  15. what it cost you
  16. cost price
  17. True
  18. Loss
  19. 5
  20. 96
  21. 8
  22. 6
  23. 27
  24. 13
  25. 3
  26. selling price
  27. 1
  28. 10
  29. Loss
  30. Loss
  31. True
  32. 153
  33. 12
  34. Profit
  35. 5
  36. True
  37. 24
  38. 3
  39. 1
  40. SP more than CP

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