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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 472 · 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: “cost of making one” is the cost price. (a) True (b) False
  2. 2.One jute bag costs ₹12 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  4. 4.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  5. 5.Aarav makes 27 cups of lemonade at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  6. 6.It costs ₹12 to make one handmade card. On the last day Vihaan sells it for only ₹7. How much is the loss on one (in ₹)?
  7. 7.Vihaan makes 5 clay diyas at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.Aarav makes 24 fruit cups at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  10. 10.One glass of chai costs Riya ₹50 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.True or false: “money got from a sale” is the selling price. (a) False (b) True
  15. 15.It costs ₹52 to make one cup of lemonade. Kabir sells it for ₹55. What is the profit on one (in ₹)?
  16. 16.It costs ₹5 to make one handmade card. Ananya sells it for ₹8. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  19. 19.It costs ₹16 to make one handmade card. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  20. 20.One handmade card costs Nisha ₹58 to make and sells for ₹69. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.Ananya makes 16 painted pebbles at a cost of ₹7 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.True or false: “the price you sell at” is the cost price. (a) False (b) True
  26. 26.It costs ₹41 to make one handmade card. Ishaan sells it for ₹55. What is the profit on one (in ₹)?
  27. 27.True or false: “money got from a sale” is the cost price. (a) False (b) True
  28. 28.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  29. 29.One handmade card costs ₹26 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “money spent to get it” is the cost price. (a) False (b) True
  31. 31.It costs ₹36 to make one handmade card. On the last day Rohan sells it for only ₹30. How much is the loss on one (in ₹)?
  32. 32.One friendship band costs ₹35 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  33. 33.Joseph makes 22 paper bookmarks at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  34. 34.It costs ₹16 to make one cupcake. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.It costs ₹44 to make one bag of popcorn. On the last day Saanvi sells it for only ₹36. How much is the loss on one (in ₹)?
  37. 37.Kabir makes 15 friendship bands at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  38. 38.One cupcake costs Meera ₹29 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹49 to make one cup of lemonade. On the last day Vihaan sells it for only ₹40. How much is the loss on one (in ₹)?
  40. 40.It costs ₹22 to make one jute bag. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. 16
  3. SP more than CP
  4. what it cost you
  5. 108
  6. 5
  7. 40
  8. selling price
  9. 216
  10. Loss
  11. cost price
  12. what the buyer pays
  13. selling price
  14. True
  15. 3
  16. 3
  17. selling price
  18. selling price
  19. 12
  20. Profit
  21. 16
  22. False
  23. True
  24. False
  25. False
  26. 14
  27. False
  28. SP less than CP
  29. 38
  30. True
  31. 6
  32. 48
  33. 88
  34. 5
  35. cost price
  36. 8
  37. 195
  38. Profit
  39. 9
  40. 10

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