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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 282 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.It costs ₹58 to make one handmade card. On the last day Farhan sells it for only ₹55. How much is the loss on one (in ₹)?
  3. 3.It costs ₹30 to make one glass of chai. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.It costs ₹50 to make one potted plant. On the last day Saanvi sells it for only ₹42. How much is the loss on one (in ₹)?
  6. 6.One handmade card costs Meera ₹59 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.One handmade card costs Diya ₹17 to make and sells for ₹6. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  12. 12.It costs ₹19 to make one potted plant. On the last day Meera sells it for only ₹13. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.Zoya makes 5 painted pebbles at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  17. 17.Aarav makes 13 cupcakes at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  18. 18.It costs ₹53 to make one painted pebble. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  19. 19.It costs ₹52 to make one handmade card. On the last day Saanvi sells it for only ₹45. How much is the loss on one (in ₹)?
  20. 20.One glass of chai costs Riya ₹40 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One bag of popcorn costs Kavya ₹16 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Rohan makes 15 fruit cups at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  23. 23.It costs ₹15 to make one paper bookmark. On the last day Lakshmi sells it for only ₹9. How much is the loss on one (in ₹)?
  24. 24.It costs ₹13 to make one fruit cup. Kabir sells it for ₹18. What is the profit on one (in ₹)?
  25. 25.It costs ₹38 to make one clay diya. On the last day Vihaan sells it for only ₹37. How much is the loss on one (in ₹)?
  26. 26.Diya makes 13 friendship bands at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  30. 30.True or false: “the price on your board” is the cost price. (a) True (b) False
  31. 31.It costs ₹32 to make one handmade card. On the last day Ishaan sells it for only ₹31. How much is the loss on one (in ₹)?
  32. 32.One clay diya costs Tara ₹47 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One glass of chai costs ₹38 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹27 to make one friendship band. Meera sells it for ₹29. What is the profit on one (in ₹)?
  35. 35.Tara makes 27 fruit cups at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  36. 36.True or false: “money spent to get it” is the selling price. (a) True (b) False
  37. 37.It costs ₹16 to make one cupcake. Kabir sells it for ₹29. What is the profit on one (in ₹)?
  38. 38.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  39. 39.It costs ₹36 to make one potted plant. Dev sells it for ₹47. What is the profit on one (in ₹)?
  40. 40.It costs ₹6 to make one paper bookmark. Lakshmi sells it for ₹22. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 3
  3. 11
  4. selling price
  5. 8
  6. Loss
  7. SP less than CP
  8. False
  9. cost price
  10. Loss
  11. SP more than CP
  12. 6
  13. what it cost you
  14. cost price
  15. cost price
  16. 25
  17. 130
  18. 1
  19. 7
  20. Loss
  21. Loss
  22. 75
  23. 6
  24. 5
  25. 1
  26. 104
  27. selling price
  28. selling price
  29. selling price
  30. False
  31. 1
  32. Profit
  33. 42
  34. 2
  35. 162
  36. False
  37. 13
  38. what the buyer pays
  39. 11
  40. 16

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