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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 3 · 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 Dev ₹35 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.One glass of chai costs ₹9 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.It costs ₹60 to make one fruit cup. On the last day Meera sells it for only ₹58. How much is the loss on one (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  8. 8.One jute bag costs ₹14 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  9. 9.Lakshmi makes 14 painted pebbles at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  10. 10.Meera makes 15 painted pebbles at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.It costs ₹19 to make one handmade card. On the last day Kavya sells it for only ₹18. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.One fruit cup costs ₹36 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  16. 16.It costs ₹47 to make one fruit cup. Kavya sells it for ₹55. What is the profit on one (in ₹)?
  17. 17.One clay diya costs ₹60 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹33 to make one bag of popcorn. Kabir sells it for ₹53. What is the profit on one (in ₹)?
  19. 19.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  20. 20.Nisha makes 20 glasses of chai at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  21. 21.It costs ₹37 to make one cupcake. On the last day Aarav sells it for only ₹30. 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.One friendship band costs Ishaan ₹18 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One painted pebble costs Nisha ₹38 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One potted plant costs ₹47 to make. Diya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.It costs ₹53 to make one potted plant. Joseph sells it for ₹61. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs Rohan ₹25 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.Saanvi makes 14 cupcakes at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.One cup of lemonade costs ₹28 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.Saanvi makes 25 glasses of chai at a cost of ₹23 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.True or false: “what you paid for it” is the selling price. (a) True (b) False
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
  38. 38.It costs ₹16 to make one friendship band. Kavya sells it for ₹32. What is the profit on one (in ₹)?
  39. 39.It costs ₹25 to make one jute bag. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  40. 40.It costs ₹28 to make one friendship band. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?

Answer key

  1. Profit
  2. 12
  3. cost price
  4. what it cost you
  5. cost price
  6. 2
  7. SP more than CP
  8. 23
  9. 126
  10. 210
  11. 1
  12. cost price
  13. cost price
  14. 50
  15. SP less than CP
  16. 8
  17. 66
  18. 20
  19. what the buyer pays
  20. 180
  21. 7
  22. selling price
  23. Profit
  24. Loss
  25. 54
  26. False
  27. 8
  28. Profit
  29. 42
  30. selling price
  31. False
  32. 37
  33. selling price
  34. 75
  35. False
  36. False
  37. True
  38. 16
  39. 5
  40. 10

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