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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 279 · 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 handmade card costs Arjun ₹60 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  3. 3.One jute bag costs Kavya ₹23 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.Arjun makes 8 handmade cards at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.It costs ₹56 to make one friendship band. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  8. 8.It costs ₹15 to make one glass of chai. On the last day Riya sells it for only ₹13. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  11. 11.True or false: “what you paid for it” is the selling price. (a) True (b) False
  12. 12.One jute bag costs Diya ₹23 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  14. 14.It costs ₹33 to make one cupcake. On the last day Aarav sells it for only ₹23. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.It costs ₹34 to make one glass of chai. On the last day Lakshmi sells it for only ₹31. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.One painted pebble costs ₹54 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.One paper bookmark costs Rohan ₹34 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹64 to make one friendship band. On the last day Riya sells it for only ₹55. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.It costs ₹31 to make one jute bag. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  24. 24.It costs ₹59 to make one cup of lemonade. On the last day Kavya sells it for only ₹51. How much is the loss on one (in ₹)?
  25. 25.It costs ₹17 to make one painted pebble. Arjun sells it for ₹23. What is the profit on one (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  27. 27.It costs ₹59 to make one cup of lemonade. On the last day Farhan sells it for only ₹52. How much is the loss on one (in ₹)?
  28. 28.It costs ₹48 to make one handmade card. Vihaan sells it for ₹51. What is the profit on one (in ₹)?
  29. 29.One potted plant costs ₹15 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.One potted plant costs Dev ₹18 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹21 to make one clay diya. On the last day Diya sells it for only ₹11. How much is the loss on one (in ₹)?
  32. 32.It costs ₹41 to make one potted plant. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  33. 33.It costs ₹51 to make one painted pebble. Dev sells it for ₹66. What is the profit on one (in ₹)?
  34. 34.It costs ₹24 to make one handmade card. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹47 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹20 to make one handmade card. Diya sells it for ₹40. What is the profit on one (in ₹)?
  37. 37.It costs ₹39 to make one glass of chai. On the last day Ananya sells it for only ₹34. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.True or false: “what you paid for it” is the cost price. (a) True (b) False
  40. 40.True or false: “cost of making one” is the selling price. (a) True (b) False

Answer key

  1. Profit
  2. what it cost you
  3. Loss
  4. 112
  5. False
  6. 7
  7. SP less than CP
  8. 2
  9. selling price
  10. what the buyer pays
  11. False
  12. Loss
  13. SP more than CP
  14. 10
  15. cost price
  16. 3
  17. cost price
  18. cost price
  19. 66
  20. Profit
  21. 9
  22. selling price
  23. 2
  24. 8
  25. 6
  26. False
  27. 7
  28. 3
  29. 30
  30. Profit
  31. 10
  32. 17
  33. 15
  34. 6
  35. 66
  36. 20
  37. 5
  38. selling price
  39. True
  40. False

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