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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 379 · 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.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.Kavya makes 23 jute bags at a cost of ₹9 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  4. 4.One jute bag costs ₹54 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.One paper bookmark costs ₹10 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  7. 7.One potted plant costs ₹36 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  8. 8.One bag of popcorn costs ₹15 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹17 to make one painted pebble. On the last day Kabir sells it for only ₹15. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.It costs ₹48 to make one handmade card. Meera sells it for ₹49. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.It costs ₹26 to make one cup of lemonade. Kavya sells it for ₹27. What is the profit on one (in ₹)?
  14. 14.It costs ₹47 to make one clay diya. On the last day Kavya sells it for only ₹41. How much is the loss on one (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  16. 16.One painted pebble costs ₹59 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  17. 17.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  18. 18.One potted plant costs ₹48 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  21. 21.One paper bookmark costs ₹25 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.One cupcake costs ₹8 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹56 to make one friendship band. Diya sells it for ₹76. What is the profit on one (in ₹)?
  25. 25.Kavya makes 15 clay diyas at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  27. 27.One friendship band costs ₹9 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  28. 28.One fruit cup costs ₹60 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  29. 29.One friendship band costs ₹11 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹27 to make one friendship band. Meera sells it for ₹47. What is the profit on one (in ₹)?
  31. 31.It costs ₹39 to make one handmade card. Gurpreet sells it for ₹43. What is the profit on one (in ₹)?
  32. 32.It costs ₹44 to make one paper bookmark. On the last day Rohan sells it for only ₹38. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
  35. 35.True or false: “the price on your board” is the selling price. (a) True (b) False
  36. 36.It costs ₹22 to make one clay diya. Gurpreet sells it for ₹26. What is the profit on one (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.One painted pebble costs Saanvi ₹17 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One fruit cup costs Vihaan ₹51 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “money spent to get it” is the cost price. (a) True (b) False

Answer key

  1. what the buyer pays
  2. cost price
  3. 253
  4. 55
  5. 12
  6. SP less than CP
  7. 43
  8. 26
  9. 2
  10. cost price
  11. 1
  12. cost price
  13. 1
  14. 6
  15. True
  16. 68
  17. SP more than CP
  18. 67
  19. selling price
  20. what it cost you
  21. 26
  22. True
  23. 11
  24. 20
  25. 135
  26. False
  27. 10
  28. 63
  29. 13
  30. 20
  31. 4
  32. 6
  33. selling price
  34. False
  35. True
  36. 4
  37. True
  38. Profit
  39. Loss
  40. True

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