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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 350 · 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 ₹59 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.Gurpreet makes 29 glasses of chai at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  9. 9.One cupcake costs ₹14 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  11. 11.One cupcake costs Dev ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One friendship band costs Zoya ₹48 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.Diya makes 14 fruit cups at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  15. 15.Riya makes 8 handmade cards at a cost of ₹26 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  16. 16.True or false: “the price on your board” is the cost price. (a) False (b) True
  17. 17.It costs ₹18 to make one glass of chai. On the last day Tara sells it for only ₹13. How much is the loss on one (in ₹)?
  18. 18.It costs ₹55 to make one handmade card. On the last day Nisha sells it for only ₹45. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One painted pebble costs ₹44 to make. Meera wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹31 to make one paper bookmark. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  22. 22.Ishaan makes 23 fruit cups at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  23. 23.One glass of chai costs Kavya ₹37 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “the price you sell at” is the selling price. (a) False (b) True
  25. 25.It costs ₹60 to make one paper bookmark. Saanvi sells it for ₹65. What is the profit on one (in ₹)?
  26. 26.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  27. 27.True or false: “money got from a sale” is the selling price. (a) False (b) True
  28. 28.It costs ₹55 to make one paper bookmark. On the last day Farhan sells it for only ₹49. How much is the loss on one (in ₹)?
  29. 29.Joseph makes 15 cups of lemonade at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  30. 30.One handmade card costs Diya ₹25 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Riya makes 25 jute bags at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  32. 32.True or false: “money spent to get it” is the selling price. (a) False (b) True
  33. 33.It costs ₹15 to make one glass of chai. On the last day Rohan sells it for only ₹12. How much is the loss on one (in ₹)?
  34. 34.True or false: “cost of making one” is the cost price. (a) True (b) False
  35. 35.It costs ₹39 to make one handmade card. On the last day Dev sells it for only ₹29. How much is the loss on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the cost price. (a) False (b) True
  37. 37.It costs ₹52 to make one glass of chai. Saanvi sells it for ₹55. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  39. 39.One handmade card costs Zoya ₹23 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Kavya makes 29 painted pebbles at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?

Answer key

  1. 67
  2. cost price
  3. cost price
  4. what the buyer pays
  5. False
  6. selling price
  7. 377
  8. selling price
  9. 17
  10. what it cost you
  11. Profit
  12. Profit
  13. selling price
  14. 28
  15. 72
  16. False
  17. 5
  18. 10
  19. cost price
  20. 64
  21. 8
  22. 69
  23. Loss
  24. True
  25. 5
  26. SP more than CP
  27. True
  28. 6
  29. 75
  30. Profit
  31. 175
  32. False
  33. 3
  34. True
  35. 10
  36. True
  37. 3
  38. cost price
  39. Profit
  40. 290

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