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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 240 · 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 paper bookmark costs ₹6 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “money got from a sale” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.It costs ₹53 to make one handmade card. Rohan sells it for ₹63. What is the profit on one (in ₹)?
  5. 5.It costs ₹45 to make one cup of lemonade. Vihaan sells it for ₹64. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.One glass of chai costs ₹59 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  8. 8.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  9. 9.It costs ₹31 to make one clay diya. On the last day Ishaan sells it for only ₹25. How much is the loss on one (in ₹)?
  10. 10.It costs ₹65 to make one paper bookmark. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.It costs ₹41 to make one clay diya. On the last day Nisha sells it for only ₹36. How much is the loss on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the cost price. (a) True (b) False
  15. 15.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  16. 16.True or false: “the price you sell at” is the selling price. (a) True (b) False
  17. 17.It costs ₹25 to make one cupcake. On the last day Ishaan sells it for only ₹16. How much is the loss on one (in ₹)?
  18. 18.One cup of lemonade costs Farhan ₹60 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹62 to make one fruit cup. On the last day Farhan sells it for only ₹55. How much is the loss on one (in ₹)?
  20. 20.It costs ₹37 to make one bag of popcorn. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  21. 21.It costs ₹12 to make one cup of lemonade. Saanvi sells it for ₹27. What is the profit on one (in ₹)?
  22. 22.It costs ₹34 to make one paper bookmark. Arjun sells it for ₹52. What is the profit on one (in ₹)?
  23. 23.It costs ₹30 to make one glass of chai. Kabir sells it for ₹47. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.It costs ₹21 to make one jute bag. On the last day Nisha sells it for only ₹19. How much is the loss on one (in ₹)?
  26. 26.One handmade card costs ₹37 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹43 to make one paper bookmark. On the last day Kabir sells it for only ₹41. How much is the loss on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the cost price. (a) True (b) False
  30. 30.One paper bookmark costs ₹53 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  32. 32.Saanvi makes 8 glasses of chai at a cost of ₹31 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  33. 33.True or false: “what a customer pays” is the cost price. (a) True (b) False
  34. 34.True or false: “what a customer pays” is the selling price. (a) False (b) True
  35. 35.Zoya makes 6 friendship bands at a cost of ₹40 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  36. 36.Ananya makes 17 glasses of chai at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  37. 37.One cup of lemonade costs ₹43 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.One bag of popcorn costs Ishaan ₹26 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 12
  2. True
  3. cost price
  4. 10
  5. 19
  6. selling price
  7. 69
  8. SP less than CP
  9. 6
  10. 6
  11. True
  12. cost price
  13. 5
  14. True
  15. what the buyer pays
  16. True
  17. 9
  18. Profit
  19. 7
  20. 10
  21. 15
  22. 18
  23. 17
  24. cost price
  25. 2
  26. 43
  27. 2
  28. True
  29. True
  30. 57
  31. what it cost you
  32. 56
  33. False
  34. True
  35. 78
  36. 68
  37. 63
  38. False
  39. False
  40. Loss

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