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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 404 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.One painted pebble costs Lakshmi ₹29 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  4. 4.One potted plant costs ₹32 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹55 to make one paper bookmark. On the last day Vihaan sells it for only ₹49. How much is the loss on one (in ₹)?
  6. 6.It costs ₹15 to make one cupcake. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  8. 8.It costs ₹16 to make one bag of popcorn. Lakshmi sells it for ₹20. What is the profit on one (in ₹)?
  9. 9.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  10. 10.It costs ₹36 to make one handmade card. On the last day Rohan sells it for only ₹30. How much is the loss on one (in ₹)?
  11. 11.One clay diya costs ₹55 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹14 to make one jute bag. Kavya sells it for ₹26. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  14. 14.One paper bookmark costs ₹8 to make. Gurpreet wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.One potted plant costs ₹20 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.One clay diya costs ₹57 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  20. 20.Saanvi makes 23 jute bags at a cost of ₹18 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  21. 21.It costs ₹27 to make one painted pebble. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  22. 22.It costs ₹23 to make one clay diya. On the last day Dev sells it for only ₹21. How much is the loss on one (in ₹)?
  23. 23.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  24. 24.One fruit cup costs ₹36 to make. Ishaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.One painted pebble costs ₹23 to make. Ishaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.Diya makes 25 glasses of chai at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  27. 27.One friendship band costs ₹8 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹17 to make one glass of chai. On the last day Meera sells it for only ₹12. How much is the loss on one (in ₹)?
  29. 29.It costs ₹28 to make one paper bookmark. On the last day Ishaan sells it for only ₹21. How much is the loss on one (in ₹)?
  30. 30.It costs ₹60 to make one potted plant. On the last day Kabir sells it for only ₹56. How much is the loss on one (in ₹)?
  31. 31.One jute bag costs ₹30 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹29 to make one painted pebble. On the last day Zoya sells it for only ₹20. How much is the loss on one (in ₹)?
  33. 33.True or false: “the price on your board” is the selling price. (a) True (b) False
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  35. 35.Aarav makes 17 painted pebbles at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  36. 36.It costs ₹68 to make one cup of lemonade. On the last day Joseph sells it for only ₹60. How much is the loss on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) False (b) True
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  39. 39.True or false: “what a customer pays” is the selling price. (a) False (b) True
  40. 40.True or false: “money spent to get it” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. Loss
  3. SP more than CP
  4. 38
  5. 6
  6. 19
  7. what it cost you
  8. 4
  9. what the buyer pays
  10. 6
  11. 70
  12. 12
  13. cost price
  14. 20
  15. False
  16. selling price
  17. 38
  18. True
  19. 64
  20. 161
  21. 6
  22. 2
  23. SP less than CP
  24. 54
  25. 35
  26. 325
  27. 13
  28. 5
  29. 7
  30. 4
  31. 45
  32. 9
  33. True
  34. selling price
  35. 221
  36. 8
  37. True
  38. selling price
  39. True
  40. False

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