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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 380 · 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 painted pebble costs ₹41 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.One jute bag costs Dev ₹50 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.It costs ₹50 to make one handmade card. Riya sells it for ₹67. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.It costs ₹36 to make one paper bookmark. Zoya sells it for ₹38. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.One clay diya costs Tara ₹35 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  12. 12.It costs ₹21 to make one glass of chai. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  13. 13.It costs ₹16 to make one paper bookmark. Aarav sells it for ₹30. What is the profit on one (in ₹)?
  14. 14.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.True or false: “what you paid for it” is the cost price. (a) True (b) False
  18. 18.Ishaan makes 25 paper bookmarks at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.It costs ₹11 to make one potted plant. Diya sells it for ₹25. What is the profit on one (in ₹)?
  21. 21.It costs ₹28 to make one painted pebble. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the selling price. (a) False (b) True
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.One fruit cup costs Ishaan ₹18 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.One fruit cup costs ₹39 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
  30. 30.One clay diya costs Kabir ₹47 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹16 to make one fruit cup. On the last day Meera sells it for only ₹10. How much is the loss on one (in ₹)?
  32. 32.It costs ₹27 to make one glass of chai. Lakshmi sells it for ₹47. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹16 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.One clay diya costs ₹36 to make. Saanvi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  35. 35.One cup of lemonade costs ₹15 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹56 to make one cup of lemonade. Rohan sells it for ₹68. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.It costs ₹69 to make one potted plant. On the last day Nisha sells it for only ₹59. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  40. 40.True or false: “cost of making one” is the selling price. (a) True (b) False

Answer key

  1. 50
  2. cost price
  3. Profit
  4. cost price
  5. 17
  6. selling price
  7. 2
  8. selling price
  9. Loss
  10. SP less than CP
  11. False
  12. 18
  13. 14
  14. what the buyer pays
  15. what it cost you
  16. selling price
  17. True
  18. 75
  19. False
  20. 14
  21. 3
  22. True
  23. True
  24. Loss
  25. selling price
  26. 53
  27. True
  28. False
  29. False
  30. Profit
  31. 6
  32. 20
  33. 25
  34. 54
  35. 24
  36. 12
  37. cost price
  38. 10
  39. cost price
  40. False

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