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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 433 · 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.True or false: “the price you sell at” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  3. 3.One potted plant costs ₹24 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹23 to make one handmade card. On the last day Aarav sells it for only ₹16. How much is the loss on one (in ₹)?
  5. 5.One clay diya costs ₹45 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.Riya makes 21 cups of lemonade at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.It costs ₹7 to make one friendship band. On the last day Ananya sells it for only ₹6. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.It costs ₹22 to make one fruit cup. On the last day Kabir sells it for only ₹17. How much is the loss on one (in ₹)?
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.One painted pebble costs ₹30 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.One cupcake costs ₹19 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹20 to make one jute bag. On the last day Kabir sells it for only ₹15. How much is the loss on one (in ₹)?
  16. 16.One handmade card costs ₹45 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  17. 17.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  18. 18.Diya makes 30 clay diyas at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  19. 19.One handmade card costs Aarav ₹26 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One friendship band costs ₹9 to make. Saanvi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.One cup of lemonade costs ₹17 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹6 to make one glass of chai. Saanvi sells it for ₹17. What is the profit on one (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.True or false: “cost of making one” is the cost price. (a) True (b) False
  27. 27.It costs ₹12 to make one cup of lemonade. Rohan sells it for ₹18. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹31 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹26 to make one glass of chai. Joseph sells it for ₹41. What is the profit on one (in ₹)?
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  31. 31.One handmade card costs Nisha ₹47 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹65 to make one cup of lemonade. On the last day Aarav sells it for only ₹55. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  34. 34.It costs ₹48 to make one friendship band. Zoya sells it for ₹67. What is the profit on one (in ₹)?
  35. 35.Vihaan makes 5 cups of lemonade at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  36. 36.One glass of chai costs ₹20 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  38. 38.It costs ₹5 to make one cupcake. Gurpreet sells it for ₹10. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs Arjun ₹57 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹50 to make one handmade card. On the last day Tara sells it for only ₹41. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. what it cost you
  3. 42
  4. 7
  5. 53
  6. 105
  7. cost price
  8. 1
  9. cost price
  10. 5
  11. SP more than CP
  12. selling price
  13. 47
  14. 25
  15. 5
  16. 54
  17. what the buyer pays
  18. 150
  19. Profit
  20. 17
  21. SP less than CP
  22. False
  23. 19
  24. 11
  25. False
  26. True
  27. 6
  28. 50
  29. 15
  30. True
  31. Profit
  32. 10
  33. cost price
  34. 19
  35. 25
  36. 33
  37. cost price
  38. 5
  39. Profit
  40. 9

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