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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 46 · 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 Farhan ₹37 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.Diya makes 20 paper bookmarks at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  3. 3.It costs ₹56 to make one friendship band. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?
  4. 4.It costs ₹27 to make one handmade card. On the last day Zoya sells it for only ₹17. How much is the loss on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the cost price. (a) False (b) True
  6. 6.Lakshmi makes 7 potted plants at a cost of ₹23 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  7. 7.One glass of chai costs Meera ₹53 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  10. 10.True or false: “money spent to get it” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.One paper bookmark costs ₹48 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.One friendship band costs ₹44 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.True or false: “the price on your board” is the cost price. (a) True (b) False
  22. 22.True or false: “the price you sell at” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.One potted plant costs ₹8 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  25. 25.One painted pebble costs Kavya ₹48 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Saanvi makes 14 friendship bands at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.One jute bag costs ₹29 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  29. 29.One paper bookmark costs Aarav ₹24 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹59 to make one glass of chai. Dev sells it for ₹60. What is the profit on one (in ₹)?
  31. 31.One friendship band costs Ananya ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹30 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  33. 33.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  34. 34.Nisha makes 10 fruit cups at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  35. 35.It costs ₹34 to make one handmade card. On the last day Arjun sells it for only ₹29. How much is the loss on one (in ₹)?
  36. 36.One handmade card costs ₹7 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  37. 37.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  38. 38.One paper bookmark costs ₹54 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹33 to make one jute bag. Vihaan sells it for ₹39. What is the profit on one (in ₹)?
  40. 40.One jute bag costs ₹29 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?

Answer key

  1. Profit
  2. 80
  3. 2
  4. 10
  5. True
  6. 70
  7. Profit
  8. selling price
  9. what it cost you
  10. True
  11. cost price
  12. SP less than CP
  13. True
  14. selling price
  15. cost price
  16. 51
  17. selling price
  18. False
  19. 48
  20. cost price
  21. False
  22. False
  23. cost price
  24. 13
  25. Profit
  26. 140
  27. False
  28. 43
  29. Profit
  30. 1
  31. Loss
  32. 7
  33. SP more than CP
  34. 50
  35. 5
  36. 23
  37. what the buyer pays
  38. 55
  39. 6
  40. 37

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