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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 358 · 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.Rohan makes 13 potted plants at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  2. 2.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.One cupcake costs Diya ₹37 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  8. 8.It costs ₹44 to make one potted plant. Meera sells it for ₹45. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One clay diya costs Riya ₹55 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One friendship band costs ₹33 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.Meera makes 7 cupcakes at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  14. 14.One jute bag costs ₹22 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.Kavya makes 18 jute bags at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  16. 16.It costs ₹23 to make one cupcake. On the last day Arjun sells it for only ₹16. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the cost price. (a) False (b) True
  18. 18.It costs ₹16 to make one jute bag. On the last day Gurpreet sells it for only ₹11. How much is the loss on one (in ₹)?
  19. 19.One fruit cup costs ₹24 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  20. 20.One glass of chai costs Zoya ₹36 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  22. 22.One painted pebble costs Ishaan ₹37 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  24. 24.It costs ₹10 to make one jute bag. Gurpreet sells it for ₹22. What is the profit on one (in ₹)?
  25. 25.True or false: “what a customer pays” is the selling price. (a) True (b) False
  26. 26.One handmade card costs ₹53 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.One friendship band costs ₹9 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  28. 28.One cupcake costs ₹43 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.It costs ₹7 to make one handmade card. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  32. 32.It costs ₹65 to make one painted pebble. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  33. 33.One glass of chai costs ₹25 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  34. 34.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.It costs ₹27 to make one handmade card. On the last day Riya sells it for only ₹26. How much is the loss on one (in ₹)?
  37. 37.One clay diya costs ₹9 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  39. 39.Kabir makes 11 handmade cards at a cost of ₹19 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  40. 40.True or false: “what a customer pays” is the cost price. (a) False (b) True

Answer key

  1. 182
  2. what the buyer pays
  3. selling price
  4. cost price
  5. True
  6. Loss
  7. SP less than CP
  8. 1
  9. False
  10. Profit
  11. 44
  12. True
  13. 63
  14. 35
  15. 234
  16. 7
  17. True
  18. 5
  19. 34
  20. Profit
  21. what it cost you
  22. Profit
  23. cost price
  24. 12
  25. True
  26. 55
  27. 15
  28. 49
  29. selling price
  30. True
  31. 17
  32. 10
  33. 30
  34. SP more than CP
  35. cost price
  36. 1
  37. 11
  38. False
  39. 110
  40. False

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