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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 288 · 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 jute bag costs ₹50 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  3. 3.One clay diya costs ₹25 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.True or false: “money got from a sale” is the selling price. (a) True (b) False
  7. 7.It costs ₹32 to make one bag of popcorn. On the last day Arjun sells it for only ₹31. How much is the loss on one (in ₹)?
  8. 8.It costs ₹43 to make one bag of popcorn. On the last day Ananya sells it for only ₹34. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  10. 10.It costs ₹35 to make one cup of lemonade. Joseph sells it for ₹40. What is the profit on one (in ₹)?
  11. 11.One jute bag costs Joseph ₹30 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.It costs ₹34 to make one handmade card. Lakshmi sells it for ₹42. What is the profit on one (in ₹)?
  15. 15.It costs ₹36 to make one cup of lemonade. Arjun sells it for ₹40. What is the profit on one (in ₹)?
  16. 16.It costs ₹50 to make one fruit cup. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  17. 17.It costs ₹19 to make one friendship band. On the last day Ananya sells it for only ₹13. How much is the loss on one (in ₹)?
  18. 18.One glass of chai costs ₹36 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  21. 21.It costs ₹41 to make one fruit cup. Ishaan sells it for ₹46. What is the profit on one (in ₹)?
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.It costs ₹54 to make one friendship band. Saanvi sells it for ₹70. What is the profit on one (in ₹)?
  24. 24.One potted plant costs ₹12 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  25. 25.One potted plant costs Aarav ₹19 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹51 to make one friendship band. Gurpreet sells it for ₹53. What is the profit on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the selling price. (a) False (b) True
  28. 28.It costs ₹12 to make one paper bookmark. Kavya sells it for ₹20. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹44 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹40 to make one fruit cup. On the last day Zoya sells it for only ₹36. How much is the loss on one (in ₹)?
  31. 31.True or false: “money got from a sale” is the cost price. (a) True (b) False
  32. 32.It costs ₹56 to make one painted pebble. On the last day Arjun sells it for only ₹54. How much is the loss on one (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  34. 34.It costs ₹38 to make one clay diya. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  35. 35.One clay diya costs Dev ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹25 to make one fruit cup. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  37. 37.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  40. 40.It costs ₹28 to make one clay diya. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?

Answer key

  1. 60
  2. False
  3. 35
  4. SP less than CP
  5. selling price
  6. True
  7. 1
  8. 9
  9. what it cost you
  10. 5
  11. Profit
  12. cost price
  13. selling price
  14. 8
  15. 4
  16. 4
  17. 6
  18. 54
  19. False
  20. what the buyer pays
  21. 5
  22. True
  23. 16
  24. 22
  25. Profit
  26. 2
  27. False
  28. 8
  29. 49
  30. 4
  31. False
  32. 2
  33. True
  34. 4
  35. Profit
  36. 2
  37. SP more than CP
  38. selling price
  39. selling price
  40. 4

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