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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 365 · 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 friendship band costs ₹17 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.One jute bag costs Meera ₹26 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹55 to make one jute bag. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.It costs ₹38 to make one glass of chai. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.True or false: “what a customer pays” is the cost price. (a) True (b) False
  10. 10.It costs ₹26 to make one paper bookmark. Zoya sells it for ₹37. What is the profit on one (in ₹)?
  11. 11.It costs ₹57 to make one fruit cup. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.It costs ₹59 to make one jute bag. Nisha sells it for ₹69. What is the profit on one (in ₹)?
  14. 14.True or false: “the price on your board” is the cost price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  17. 17.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  18. 18.One handmade card costs Meera ₹38 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.Vihaan makes 13 painted pebbles at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  20. 20.Aarav makes 12 paper bookmarks at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.One potted plant costs Riya ₹49 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹14 to make one bag of popcorn. Aarav sells it for ₹17. What is the profit on one (in ₹)?
  24. 24.It costs ₹30 to make one handmade card. Tara sells it for ₹44. What is the profit on one (in ₹)?
  25. 25.True or false: “the price on your board” is the selling price. (a) False (b) True
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.Saanvi makes 11 clay diyas at a cost of ₹33 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  28. 28.One friendship band costs Tara ₹41 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹50 to make one cup of lemonade. On the last day Nisha sells it for only ₹48. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs Riya ₹45 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.Rohan makes 6 potted plants at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  33. 33.One friendship band costs Joseph ₹41 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.One potted plant costs Ananya ₹18 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One potted plant costs Saanvi ₹18 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹8 to make one potted plant. Dev sells it for ₹18. What is the profit on one (in ₹)?
  38. 38.It costs ₹6 to make one bag of popcorn. Aarav sells it for ₹19. What is the profit on one (in ₹)?
  39. 39.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  40. 40.It costs ₹26 to make one potted plant. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?

Answer key

  1. 36
  2. False
  3. Profit
  4. 10
  5. False
  6. 8
  7. selling price
  8. True
  9. False
  10. 11
  11. 5
  12. False
  13. 10
  14. False
  15. selling price
  16. what the buyer pays
  17. SP more than CP
  18. Profit
  19. 91
  20. 168
  21. cost price
  22. Loss
  23. 3
  24. 14
  25. True
  26. False
  27. 121
  28. Loss
  29. 2
  30. Profit
  31. cost price
  32. 30
  33. Loss
  34. False
  35. Profit
  36. Loss
  37. 10
  38. 13
  39. SP less than CP
  40. 6

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