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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 241 · 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.It costs ₹58 to make one clay diya. Lakshmi sells it for ₹73. What is the profit on one (in ₹)?
  2. 2.It costs ₹7 to make one potted plant. Kabir sells it for ₹13. What is the profit on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.Meera makes 29 glasses of chai at a cost of ₹39 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  8. 8.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  13. 13.One clay diya costs ₹14 to make. Lakshmi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.True or false: “the price you sell at” is the cost price. (a) True (b) False
  17. 17.It costs ₹61 to make one bag of popcorn. On the last day Rohan sells it for only ₹58. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.Tara makes 17 handmade cards at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  20. 20.One fruit cup costs Meera ₹24 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.Joseph makes 6 bags of popcorn at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  23. 23.One cup of lemonade costs ₹54 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  24. 24.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  25. 25.One clay diya costs Saanvi ₹24 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  27. 27.True or false: “cost of making one” is the cost price. (a) False (b) True
  28. 28.It costs ₹8 to make one jute bag. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  29. 29.One jute bag costs Saanvi ₹28 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹17 to make one glass of chai. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs ₹5 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.One friendship band costs Ananya ₹43 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹41 to make one clay diya. Lakshmi sells it for ₹52. What is the profit on one (in ₹)?
  34. 34.It costs ₹60 to make one bag of popcorn. On the last day Meera sells it for only ₹54. How much is the loss on one (in ₹)?
  35. 35.One friendship band costs Rohan ₹24 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “money spent to get it” is the cost price. (a) False (b) True
  37. 37.One cup of lemonade costs ₹11 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.One glass of chai costs ₹11 to make. Vihaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  39. 39.One bag of popcorn costs Gurpreet ₹52 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹12 to make one handmade card. On the last day Kavya sells it for only ₹11. How much is the loss on one (in ₹)?

Answer key

  1. 15
  2. 6
  3. False
  4. cost price
  5. selling price
  6. cost price
  7. 377
  8. what the buyer pays
  9. cost price
  10. cost price
  11. True
  12. what it cost you
  13. 29
  14. True
  15. False
  16. False
  17. 3
  18. selling price
  19. 34
  20. Profit
  21. False
  22. 18
  23. 74
  24. SP more than CP
  25. Loss
  26. True
  27. True
  28. 11
  29. Profit
  30. 9
  31. 8
  32. Profit
  33. 11
  34. 6
  35. Profit
  36. True
  37. 21
  38. 22
  39. Loss
  40. 1

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