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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 312 · 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: what a customer pays? (a) selling price (b) cost price
  2. 2.One cup of lemonade costs ₹9 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹19 to make one potted plant. On the last day Kabir sells it for only ₹15. How much is the loss on one (in ₹)?
  4. 4.It costs ₹25 to make one friendship band. Farhan sells it for ₹36. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.One jute bag costs ₹41 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  7. 7.One handmade card costs Zoya ₹53 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One fruit cup costs Vihaan ₹46 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.True or false: “the price you sell at” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹45 to make one fruit cup. On the last day Zoya sells it for only ₹35. How much is the loss on one (in ₹)?
  12. 12.One jute bag costs ₹59 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  13. 13.One potted plant costs ₹10 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.One jute bag costs Tara ₹24 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.One cup of lemonade costs ₹59 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.Meera makes 5 cups of lemonade at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) False (b) True
  20. 20.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  21. 21.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  22. 22.It costs ₹40 to make one friendship band. On the last day Vihaan sells it for only ₹37. How much is the loss on one (in ₹)?
  23. 23.True or false: “what a customer pays” is the selling price. (a) False (b) True
  24. 24.One potted plant costs ₹21 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.One jute bag costs Nisha ₹32 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  28. 28.It costs ₹46 to make one handmade card. Nisha sells it for ₹49. What is the profit on one (in ₹)?
  29. 29.It costs ₹19 to make one clay diya. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  30. 30.It costs ₹48 to make one clay diya. On the last day Kavya sells it for only ₹38. How much is the loss on one (in ₹)?
  31. 31.It costs ₹47 to make one painted pebble. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.One handmade card costs Kavya ₹55 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  35. 35.One clay diya costs Ishaan ₹29 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹48 to make one jute bag. Tara sells it for ₹60. What is the profit on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.One cup of lemonade costs Aarav ₹21 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One cupcake costs Kabir ₹19 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One potted plant costs ₹54 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. 21
  3. 4
  4. 11
  5. cost price
  6. 44
  7. Profit
  8. Loss
  9. True
  10. cost price
  11. 10
  12. 71
  13. 26
  14. True
  15. Profit
  16. 74
  17. selling price
  18. 65
  19. False
  20. SP more than CP
  21. what it cost you
  22. 3
  23. True
  24. 36
  25. cost price
  26. Profit
  27. what the buyer pays
  28. 3
  29. 11
  30. 10
  31. 11
  32. True
  33. Profit
  34. SP less than CP
  35. Loss
  36. 12
  37. False
  38. Loss
  39. Profit
  40. 66

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