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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 444 · 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 handmade card costs ₹14 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.One clay diya costs Rohan ₹53 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.Rohan makes 21 bags of popcorn at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  5. 5.True or false: “the price on your board” is the selling price. (a) False (b) True
  6. 6.It costs ₹54 to make one cupcake. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.It costs ₹51 to make one handmade card. Meera sells it for ₹70. What is the profit on one (in ₹)?
  9. 9.It costs ₹31 to make one painted pebble. On the last day Riya sells it for only ₹29. How much is the loss on one (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.It costs ₹32 to make one cup of lemonade. Riya sells it for ₹43. 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.One cupcake costs Kabir ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.Lakshmi makes 23 paper bookmarks at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  16. 16.One paper bookmark costs ₹22 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  17. 17.One friendship band costs ₹8 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹56 to make one cup of lemonade. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.True or false: “what a customer pays” is the selling price. (a) False (b) True
  21. 21.It costs ₹58 to make one painted pebble. Ananya sells it for ₹67. What is the profit on one (in ₹)?
  22. 22.It costs ₹25 to make one paper bookmark. Nisha sells it for ₹30. What is the profit on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) True (b) False
  24. 24.One glass of chai costs ₹48 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.Vihaan makes 18 jute bags at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  28. 28.One clay diya costs Arjun ₹54 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹34 to make one jute bag. Gurpreet sells it for ₹40. What is the profit on one (in ₹)?
  30. 30.One fruit cup costs Ishaan ₹33 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.It costs ₹11 to make one cupcake. Ishaan sells it for ₹21. What is the profit on one (in ₹)?
  33. 33.It costs ₹16 to make one handmade card. Ananya sells it for ₹35. What is the profit on one (in ₹)?
  34. 34.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  35. 35.True or false: “cost of making one” is the selling price. (a) True (b) False
  36. 36.It costs ₹12 to make one cup of lemonade. On the last day Zoya sells it for only ₹9. How much is the loss on one (in ₹)?
  37. 37.One friendship band costs Farhan ₹40 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One cupcake costs ₹25 to make. Arjun wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.One fruit cup costs Rohan ₹41 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 32
  2. Loss
  3. 126
  4. what it cost you
  5. True
  6. 1
  7. cost price
  8. 19
  9. 2
  10. True
  11. 11
  12. cost price
  13. Loss
  14. 46
  15. selling price
  16. 42
  17. 19
  18. 5
  19. cost price
  20. True
  21. 9
  22. 5
  23. True
  24. 65
  25. SP less than CP
  26. False
  27. 198
  28. Profit
  29. 6
  30. Loss
  31. selling price
  32. 10
  33. 19
  34. SP more than CP
  35. False
  36. 3
  37. Loss
  38. 39
  39. selling price
  40. Loss

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