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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 235 · 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: money spent to get it? (a) cost price (b) selling price
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  5. 5.It costs ₹6 to make one painted pebble. Kabir sells it for ₹24. What is the profit on one (in ₹)?
  6. 6.Arjun makes 30 fruit cups at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  7. 7.One clay diya costs Tara ₹34 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹7 to make one paper bookmark. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  9. 9.It costs ₹22 to make one handmade card. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  10. 10.It costs ₹15 to make one clay diya. Diya sells it for ₹22. What is the profit on one (in ₹)?
  11. 11.Aarav makes 6 cups of lemonade at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.It costs ₹32 to make one paper bookmark. On the last day Farhan sells it for only ₹22. How much is the loss on one (in ₹)?
  17. 17.It costs ₹14 to make one friendship band. On the last day Riya sells it for only ₹11. How much is the loss on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.It costs ₹21 to make one paper bookmark. Dev sells it for ₹27. What is the profit on one (in ₹)?
  20. 20.Diya makes 24 jute bags at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  21. 21.It costs ₹14 to make one friendship band. Kavya sells it for ₹34. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹44 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price on your board” is the cost price. (a) True (b) False
  24. 24.Ishaan makes 5 friendship bands at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  25. 25.It costs ₹44 to make one cup of lemonade. On the last day Saanvi sells it for only ₹41. How much is the loss on one (in ₹)?
  26. 26.It costs ₹50 to make one bag of popcorn. Meera sells it for ₹62. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹7 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  30. 30.One clay diya costs ₹38 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹57 to make one jute bag. On the last day Vihaan sells it for only ₹48. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.One cup of lemonade costs ₹5 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  35. 35.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  36. 36.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  37. 37.Kavya makes 10 jute bags at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  38. 38.It costs ₹22 to make one glass of chai. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP

Answer key

  1. cost price
  2. what it cost you
  3. False
  4. True
  5. 18
  6. 90
  7. Loss
  8. 12
  9. 15
  10. 7
  11. 42
  12. True
  13. selling price
  14. False
  15. False
  16. 10
  17. 3
  18. False
  19. 6
  20. 192
  21. 20
  22. 56
  23. False
  24. 20
  25. 3
  26. 12
  27. 22
  28. cost price
  29. selling price
  30. 55
  31. 9
  32. cost price
  33. selling price
  34. 21
  35. SP more than CP
  36. what the buyer pays
  37. 20
  38. 6
  39. cost price
  40. SP less than CP

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