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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 353 · 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.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  2. 2.One cupcake costs ₹35 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  3. 3.Nisha makes 7 clay diyas at a cost of ₹14 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.Meera makes 24 clay diyas at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  8. 8.True or false: “the price you sell at” is the cost price. (a) True (b) False
  9. 9.It costs ₹23 to make one clay diya. Dev sells it for ₹28. What is the profit on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.Nisha makes 21 clay diyas at a cost of ₹35 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.One painted pebble costs ₹25 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.It costs ₹34 to make one glass of chai. On the last day Kabir sells it for only ₹32. How much is the loss on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  20. 20.One bag of popcorn costs ₹28 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹55 to make one friendship band. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  22. 22.One jute bag costs ₹50 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹51 to make one fruit cup. Ishaan sells it for ₹58. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs Riya ₹25 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹37 to make one cupcake. Dev sells it for ₹55. What is the profit on one (in ₹)?
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.It costs ₹13 to make one potted plant. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  28. 28.One paper bookmark costs ₹20 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  30. 30.Rohan makes 23 clay diyas at a cost of ₹13 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.Gurpreet makes 5 friendship bands at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  33. 33.True or false: “what you paid for it” is the cost price. (a) False (b) True
  34. 34.One friendship band costs Dev ₹48 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹10 to make one painted pebble. Ishaan sells it for ₹12. What is the profit on one (in ₹)?
  36. 36.Rohan makes 29 handmade cards at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  37. 37.It costs ₹25 to make one paper bookmark. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  38. 38.One potted plant costs ₹17 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹29 to make one handmade card. On the last day Saanvi sells it for only ₹24. How much is the loss on one (in ₹)?
  40. 40.One friendship band costs ₹43 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?

Answer key

  1. SP more than CP
  2. 38
  3. 56
  4. what the buyer pays
  5. True
  6. cost price
  7. 336
  8. False
  9. 5
  10. SP less than CP
  11. False
  12. 294
  13. False
  14. 41
  15. cost price
  16. selling price
  17. 2
  18. True
  19. what it cost you
  20. 38
  21. 3
  22. 60
  23. 7
  24. Profit
  25. 18
  26. False
  27. 11
  28. 33
  29. selling price
  30. 138
  31. False
  32. 65
  33. True
  34. Loss
  35. 2
  36. 58
  37. 9
  38. 33
  39. 5
  40. 47

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