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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 220 · 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.Saanvi makes 19 jute bags at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.It costs ₹31 to make one clay diya. On the last day Joseph sells it for only ₹26. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.True or false: “money spent to get it” is the cost price. (a) False (b) True
  11. 11.One painted pebble costs ₹19 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹48 to make one cupcake. On the last day Nisha sells it for only ₹45. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.It costs ₹28 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹27. How much is the loss on one (in ₹)?
  16. 16.One handmade card costs ₹54 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  17. 17.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  18. 18.One clay diya costs ₹54 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹43 to make one friendship band. On the last day Diya sells it for only ₹41. How much is the loss on one (in ₹)?
  20. 20.One paper bookmark costs Meera ₹35 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.It costs ₹18 to make one friendship band. On the last day Arjun sells it for only ₹17. How much is the loss on one (in ₹)?
  24. 24.It costs ₹52 to make one fruit cup. On the last day Rohan sells it for only ₹51. How much is the loss on one (in ₹)?
  25. 25.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  26. 26.It costs ₹46 to make one glass of chai. On the last day Farhan sells it for only ₹36. How much is the loss on one (in ₹)?
  27. 27.One fruit cup costs Ishaan ₹21 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  29. 29.It costs ₹60 to make one glass of chai. Dev sells it for ₹61. What is the profit on one (in ₹)?
  30. 30.It costs ₹16 to make one cup of lemonade. Meera sells it for ₹36. What is the profit on one (in ₹)?
  31. 31.One potted plant costs Farhan ₹20 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹30 to make one potted plant. Saanvi sells it for ₹40. What is the profit on one (in ₹)?
  33. 33.One handmade card costs Zoya ₹37 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.It costs ₹14 to make one potted plant. On the last day Saanvi sells it for only ₹8. How much is the loss on one (in ₹)?
  36. 36.It costs ₹15 to make one handmade card. Riya sells it for ₹33. What is the profit on one (in ₹)?
  37. 37.It costs ₹67 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹59. How much is the loss on one (in ₹)?
  38. 38.It costs ₹42 to make one cupcake. Tara sells it for ₹53. What is the profit on one (in ₹)?
  39. 39.One glass of chai costs ₹9 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee

Answer key

  1. 247
  2. False
  3. 5
  4. selling price
  5. cost price
  6. False
  7. what it cost you
  8. selling price
  9. False
  10. True
  11. 32
  12. 3
  13. selling price
  14. False
  15. 1
  16. 59
  17. SP more than CP
  18. 58
  19. 2
  20. Profit
  21. selling price
  22. True
  23. 1
  24. 1
  25. SP less than CP
  26. 10
  27. Profit
  28. True
  29. 1
  30. 20
  31. Profit
  32. 10
  33. Loss
  34. False
  35. 6
  36. 18
  37. 8
  38. 11
  39. 19
  40. what the buyer pays

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