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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 469 · 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 ₹41 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “the price you sell at” is the cost price. (a) True (b) False
  3. 3.True or false: “cost of making one” is the selling price. (a) True (b) False
  4. 4.One bag of popcorn costs ₹6 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  5. 5.Lakshmi makes 8 handmade cards at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  6. 6.True or false: “money spent to get it” is the cost price. (a) False (b) True
  7. 7.Diya makes 10 handmade cards at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.One fruit cup costs ₹30 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  13. 13.Rohan makes 14 painted pebbles at a cost of ₹35 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.It costs ₹40 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹31. How much is the loss on one (in ₹)?
  17. 17.Aarav makes 26 clay diyas at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.Aarav makes 11 bags of popcorn at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  21. 21.True or false: “cost of making one” is the cost price. (a) True (b) False
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  24. 24.One glass of chai costs Farhan ₹33 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One jute bag costs ₹42 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹17 to make one glass of chai. Aarav sells it for ₹36. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  30. 30.It costs ₹43 to make one cupcake. Saanvi sells it for ₹58. What is the profit on one (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) True (b) False
  32. 32.It costs ₹53 to make one friendship band. On the last day Arjun sells it for only ₹48. How much is the loss on one (in ₹)?
  33. 33.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  34. 34.Gurpreet makes 12 jute bags at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  35. 35.One glass of chai costs ₹54 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹57 to make one friendship band. On the last day Kabir sells it for only ₹47. How much is the loss on one (in ₹)?
  37. 37.One glass of chai costs ₹48 to make. Joseph wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what a customer pays” is the cost price. (a) True (b) False
  39. 39.One cupcake costs ₹33 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  40. 40.One clay diya costs ₹58 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. 51
  2. False
  3. False
  4. 9
  5. 112
  6. True
  7. 120
  8. False
  9. True
  10. cost price
  11. 39
  12. SP more than CP
  13. 196
  14. cost price
  15. selling price
  16. 9
  17. 130
  18. True
  19. cost price
  20. 44
  21. True
  22. True
  23. what it cost you
  24. Profit
  25. 59
  26. 19
  27. selling price
  28. selling price
  29. what the buyer pays
  30. 15
  31. False
  32. 5
  33. SP less than CP
  34. 24
  35. 56
  36. 10
  37. 57
  38. False
  39. 51
  40. 70

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