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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 446 · 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.It costs ₹9 to make one cup of lemonade. Vihaan sells it for ₹17. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.True or false: “what you paid for it” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.It costs ₹54 to make one handmade card. Aarav sells it for ₹63. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  7. 7.One friendship band costs Diya ₹27 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  9. 9.It costs ₹8 to make one handmade card. Riya sells it for ₹9. What is the profit on one (in ₹)?
  10. 10.Saanvi makes 5 clay diyas at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  11. 11.It costs ₹55 to make one handmade card. Meera sells it for ₹69. What is the profit on one (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.It costs ₹25 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  14. 14.True or false: “the price you sell at” is the cost price. (a) False (b) True
  15. 15.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  16. 16.One friendship band costs ₹40 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  17. 17.One clay diya costs Meera ₹32 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  20. 20.One handmade card costs ₹35 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹17 to make one painted pebble. Meera sells it for ₹37. What is the profit on one (in ₹)?
  22. 22.One potted plant costs ₹50 to make. Kabir wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  26. 26.Rohan makes 8 handmade cards at a cost of ₹6 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  27. 27.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.It costs ₹41 to make one jute bag. On the last day Aarav sells it for only ₹38. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs Zoya ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  32. 32.One clay diya costs ₹18 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “money got from a sale” is the selling price. (a) False (b) True
  34. 34.It costs ₹42 to make one jute bag. On the last day Ishaan sells it for only ₹33. How much is the loss on one (in ₹)?
  35. 35.It costs ₹38 to make one clay diya. On the last day Farhan sells it for only ₹37. How much is the loss on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the cost price. (a) True (b) False
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.Joseph makes 17 paper bookmarks at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  39. 39.It costs ₹15 to make one bag of popcorn. On the last day Tara sells it for only ₹9. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. 8
  2. cost price
  3. False
  4. cost price
  5. 9
  6. what it cost you
  7. Loss
  8. False
  9. 1
  10. 65
  11. 14
  12. True
  13. 2
  14. False
  15. what the buyer pays
  16. 41
  17. Profit
  18. selling price
  19. SP more than CP
  20. 52
  21. 20
  22. 65
  23. False
  24. cost price
  25. cost price
  26. 112
  27. SP less than CP
  28. False
  29. 3
  30. Loss
  31. selling price
  32. 25
  33. True
  34. 9
  35. 1
  36. False
  37. True
  38. 68
  39. 6
  40. selling price

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