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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 236 · 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 means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  2. 2.True or false: “what a customer pays” is the cost price. (a) True (b) False
  3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
  4. 4.It costs ₹56 to make one cupcake. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  5. 5.Tara makes 23 handmade cards at a cost of ₹37 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  6. 6.Meera makes 7 potted plants at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  7. 7.It costs ₹48 to make one friendship band. Dev sells it for ₹57. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.One jute bag costs ₹58 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  10. 10.One friendship band costs Lakshmi ₹31 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One cupcake costs ₹44 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.One jute bag costs Meera ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.One friendship band costs ₹29 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.One jute bag costs ₹33 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹29 to make one bag of popcorn. Tara sells it for ₹49. What is the profit on one (in ₹)?
  21. 21.Kabir makes 18 glasses of chai at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  22. 22.It costs ₹56 to make one glass of chai. Vihaan sells it for ₹72. What is the profit on one (in ₹)?
  23. 23.It costs ₹9 to make one paper bookmark. On the last day Lakshmi sells it for only ₹6. How much is the loss on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  25. 25.Aarav makes 30 glasses of chai at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  26. 26.One painted pebble costs ₹43 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  27. 27.One friendship band costs ₹49 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.Aarav makes 18 friendship bands at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  29. 29.It costs ₹64 to make one paper bookmark. On the last day Zoya sells it for only ₹54. How much is the loss on one (in ₹)?
  30. 30.Saanvi makes 22 paper bookmarks at a cost of ₹33 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.Tara makes 17 glasses of chai at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  34. 34.True or false: “the price on your board” is the selling price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.Tara makes 16 handmade cards at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  38. 38.It costs ₹26 to make one potted plant. On the last day Diya sells it for only ₹25. How much is the loss on one (in ₹)?
  39. 39.One glass of chai costs Dev ₹22 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Riya makes 7 painted pebbles at a cost of ₹37 each and sells all of them at ₹38 each. What is the total profit (in ₹)?

Answer key

  1. what it cost you
  2. False
  3. True
  4. 4
  5. 322
  6. 63
  7. 9
  8. selling price
  9. 73
  10. Profit
  11. 63
  12. False
  13. Loss
  14. what the buyer pays
  15. cost price
  16. 42
  17. False
  18. cost price
  19. 47
  20. 20
  21. 126
  22. 16
  23. 3
  24. True
  25. 390
  26. 57
  27. 53
  28. 54
  29. 10
  30. 154
  31. False
  32. 119
  33. False
  34. True
  35. selling price
  36. selling price
  37. 208
  38. 1
  39. Profit
  40. 7

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