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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 331 · 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.True or false: “cost of making one” is the cost price. (a) False (b) True
  2. 2.It costs ₹30 to make one clay diya. On the last day Tara sells it for only ₹29. How much is the loss on one (in ₹)?
  3. 3.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  4. 4.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  5. 5.Zoya makes 7 glasses of chai at a cost of ₹34 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.True or false: “money spent to get it” is the selling price. (a) True (b) False
  8. 8.Kabir makes 5 friendship bands at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  9. 9.Tara makes 7 handmade cards at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  10. 10.One jute bag costs ₹35 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹18 to make one fruit cup. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  12. 12.It costs ₹11 to make one jute bag. Farhan sells it for ₹15. What is the profit on one (in ₹)?
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.It costs ₹23 to make one friendship band. On the last day Tara sells it for only ₹13. How much is the loss on one (in ₹)?
  16. 16.One bag of popcorn costs Riya ₹49 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One handmade card costs Gurpreet ₹37 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.One jute bag costs ₹9 to make. Ishaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹17 to make one potted plant. On the last day Ananya sells it for only ₹7. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.It costs ₹18 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹11. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.Riya makes 21 glasses of chai at a cost of ₹21 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  28. 28.Dev makes 6 cupcakes at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  29. 29.True or false: “the price you sell at” is the selling price. (a) False (b) True
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.One paper bookmark costs Ananya ₹53 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One fruit cup costs ₹19 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
  34. 34.One handmade card costs ₹10 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.One clay diya costs ₹17 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  36. 36.Farhan makes 20 handmade cards at a cost of ₹39 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  37. 37.One clay diya costs Lakshmi ₹57 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  39. 39.One painted pebble costs Arjun ₹23 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹19 to make one fruit cup. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. 1
  3. SP less than CP
  4. what the buyer pays
  5. 98
  6. False
  7. False
  8. 15
  9. 7
  10. 39
  11. 5
  12. 4
  13. False
  14. cost price
  15. 10
  16. Loss
  17. Profit
  18. cost price
  19. 18
  20. 10
  21. selling price
  22. 7
  23. what it cost you
  24. selling price
  25. cost price
  26. selling price
  27. 294
  28. 12
  29. True
  30. False
  31. Loss
  32. 37
  33. False
  34. 23
  35. 34
  36. 60
  37. Loss
  38. SP more than CP
  39. Loss
  40. 1

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