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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 276 · 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.True or false: “money got from a sale” is the cost price. (a) False (b) True
  2. 2.It costs ₹20 to make one potted plant. Saanvi sells it for ₹28. What is the profit on one (in ₹)?
  3. 3.Aarav makes 21 friendship bands at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  7. 7.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  8. 8.One friendship band costs Ananya ₹31 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One paper bookmark costs Rohan ₹50 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.It costs ₹16 to make one jute bag. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.One glass of chai costs ₹15 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  15. 15.One fruit cup costs ₹42 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  17. 17.One bag of popcorn costs ₹22 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price on your board” is the cost price. (a) True (b) False
  19. 19.Nisha makes 8 handmade cards at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.One jute bag costs ₹42 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  23. 23.One clay diya costs ₹10 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹37 to make one clay diya. Gurpreet sells it for ₹46. What is the profit on one (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
  26. 26.True or false: “cost of making one” is the cost price. (a) False (b) True
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.One bag of popcorn costs Diya ₹28 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One bag of popcorn costs Lakshmi ₹31 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One jute bag costs Saanvi ₹20 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Ananya makes 17 cups of lemonade at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  32. 32.Rohan makes 16 paper bookmarks at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  33. 33.Riya makes 20 cups of lemonade at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  34. 34.It costs ₹51 to make one jute bag. On the last day Ananya sells it for only ₹45. How much is the loss on one (in ₹)?
  35. 35.One fruit cup costs Lakshmi ₹27 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One glass of chai costs ₹7 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹60 to make one painted pebble. On the last day Rohan sells it for only ₹54. How much is the loss on one (in ₹)?
  38. 38.Kabir makes 24 cups of lemonade at a cost of ₹39 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  39. 39.It costs ₹49 to make one jute bag. Aarav sells it for ₹60. What is the profit on one (in ₹)?
  40. 40.One paper bookmark costs ₹31 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 8
  3. 210
  4. cost price
  5. False
  6. SP less than CP
  7. what it cost you
  8. Loss
  9. Profit
  10. cost price
  11. 9
  12. False
  13. True
  14. 25
  15. 58
  16. selling price
  17. 37
  18. False
  19. 96
  20. True
  21. 47
  22. what the buyer pays
  23. 28
  24. 9
  25. False
  26. True
  27. cost price
  28. Loss
  29. Profit
  30. Loss
  31. 34
  32. 240
  33. 80
  34. 6
  35. Loss
  36. 23
  37. 6
  38. 192
  39. 11
  40. 43

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