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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 262 · 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: the price you sell at? (a) cost price (b) selling price
  2. 2.It costs ₹55 to make one friendship band. Aarav sells it for ₹67. What is the profit on one (in ₹)?
  3. 3.One handmade card costs Riya ₹25 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹12 to make one cup of lemonade. Arjun sells it for ₹29. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.One cup of lemonade costs Nisha ₹47 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.True or false: “the price on your board” is the selling price. (a) True (b) False
  8. 8.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  9. 9.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  10. 10.One clay diya costs ₹56 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.One friendship band costs ₹10 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  12. 12.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  13. 13.Lakshmi makes 9 clay diyas at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  14. 14.One paper bookmark costs ₹19 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.Joseph makes 13 potted plants at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  16. 16.It costs ₹12 to make one painted pebble. Zoya sells it for ₹16. What is the profit on one (in ₹)?
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  18. 18.It costs ₹30 to make one painted pebble. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) False (b) True
  20. 20.True or false: “money spent to get it” is the cost price. (a) False (b) True
  21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.One bag of popcorn costs Kavya ₹50 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One paper bookmark costs ₹34 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹32 to make one glass of chai. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  26. 26.Joseph makes 18 handmade cards at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) True (b) False
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  30. 30.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  31. 31.One painted pebble costs ₹14 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price on your board” is the cost price. (a) True (b) False
  33. 33.It costs ₹17 to make one paper bookmark. On the last day Gurpreet sells it for only ₹10. How much is the loss on one (in ₹)?
  34. 34.Diya makes 10 clay diyas at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  35. 35.Vihaan makes 10 friendship bands at a cost of ₹10 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  36. 36.Lakshmi makes 7 handmade cards at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  37. 37.Ananya makes 15 handmade cards at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  38. 38.It costs ₹21 to make one bag of popcorn. Diya sells it for ₹36. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs Kabir ₹52 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹65 to make one paper bookmark. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. 12
  3. Profit
  4. 17
  5. selling price
  6. Loss
  7. True
  8. SP more than CP
  9. what it cost you
  10. 57
  11. 28
  12. what the buyer pays
  13. 45
  14. 30
  15. 156
  16. 4
  17. False
  18. 5
  19. False
  20. True
  21. False
  22. True
  23. Profit
  24. 38
  25. 9
  26. 216
  27. True
  28. False
  29. SP less than CP
  30. cost price
  31. 32
  32. False
  33. 7
  34. 60
  35. 150
  36. 77
  37. 15
  38. 15
  39. Profit
  40. 6

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