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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 252 · 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 it cost you (c) what the buyer pays (d) the discount
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.Tara makes 23 friendship bands at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.One friendship band costs ₹29 to make. Saanvi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.Saanvi makes 17 painted pebbles at a cost of ₹27 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  12. 12.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  13. 13.True or false: “money spent to get it” is the selling price. (a) True (b) False
  14. 14.It costs ₹5 to make one jute bag. Joseph sells it for ₹24. What is the profit on one (in ₹)?
  15. 15.Lakshmi makes 22 glasses of chai at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.One clay diya costs Ananya ₹55 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.Saanvi makes 17 fruit cups at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  20. 20.True or false: “the price on your board” is the selling price. (a) True (b) False
  21. 21.It costs ₹31 to make one friendship band. Aarav sells it for ₹33. What is the profit on one (in ₹)?
  22. 22.It costs ₹44 to make one paper bookmark. Arjun sells it for ₹61. What is the profit on one (in ₹)?
  23. 23.It costs ₹32 to make one cupcake. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.Riya makes 11 glasses of chai at a cost of ₹30 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  26. 26.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.Farhan makes 20 clay diyas at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  29. 29.One cup of lemonade costs ₹48 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  31. 31.It costs ₹37 to make one fruit cup. On the last day Riya sells it for only ₹27. How much is the loss on one (in ₹)?
  32. 32.It costs ₹23 to make one cup of lemonade. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.It costs ₹14 to make one glass of chai. Kabir sells it for ₹16. What is the profit on one (in ₹)?
  34. 34.It costs ₹47 to make one glass of chai. On the last day Riya sells it for only ₹44. How much is the loss on one (in ₹)?
  35. 35.It costs ₹7 to make one friendship band. Ananya sells it for ₹18. What is the profit on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) False (b) True
  37. 37.Aarav makes 30 clay diyas at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  38. 38.One friendship band costs Vihaan ₹32 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One friendship band costs ₹9 to make. Ishaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  40. 40.Riya makes 16 handmade cards at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?

Answer key

  1. what it cost you
  2. False
  3. False
  4. 69
  5. selling price
  6. SP less than CP
  7. cost price
  8. 40
  9. False
  10. cost price
  11. 136
  12. what the buyer pays
  13. False
  14. 19
  15. 220
  16. selling price
  17. False
  18. Loss
  19. 34
  20. True
  21. 2
  22. 17
  23. 2
  24. False
  25. 154
  26. SP more than CP
  27. selling price
  28. 100
  29. 54
  30. cost price
  31. 10
  32. 6
  33. 2
  34. 3
  35. 11
  36. True
  37. 240
  38. Profit
  39. 17
  40. 208

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