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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 473 · 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.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  2. 2.One handmade card costs ₹52 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹30 to make one paper bookmark. Meera sells it for ₹45. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  7. 7.Saanvi makes 22 clay diyas at a cost of ₹35 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.One handmade card costs Ananya ₹25 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.One potted plant costs ₹53 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.One glass of chai costs ₹52 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  13. 13.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  14. 14.One handmade card costs Farhan ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹42 to make one friendship band. On the last day Riya sells it for only ₹35. How much is the loss on one (in ₹)?
  16. 16.It costs ₹49 to make one cup of lemonade. On the last day Saanvi sells it for only ₹42. How much is the loss on one (in ₹)?
  17. 17.Diya makes 14 handmade cards at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  18. 18.One jute bag costs Saanvi ₹24 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹56 to make one glass of chai. On the last day Kabir sells it for only ₹48. How much is the loss on one (in ₹)?
  20. 20.One friendship band costs Meera ₹27 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  22. 22.Meera makes 8 cupcakes at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  23. 23.It costs ₹24 to make one painted pebble. On the last day Rohan sells it for only ₹23. How much is the loss on one (in ₹)?
  24. 24.It costs ₹5 to make one clay diya. Farhan sells it for ₹7. What is the profit on one (in ₹)?
  25. 25.Vihaan makes 30 potted plants at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.True or false: “what you paid for it” is the selling price. (a) False (b) True
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.It costs ₹22 to make one bag of popcorn. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the cost price. (a) True (b) False
  31. 31.It costs ₹21 to make one clay diya. On the last day Meera sells it for only ₹14. How much is the loss on one (in ₹)?
  32. 32.True or false: “the price on your board” is the cost price. (a) False (b) True
  33. 33.It costs ₹44 to make one glass of chai. On the last day Arjun sells it for only ₹40. How much is the loss on one (in ₹)?
  34. 34.It costs ₹58 to make one jute bag. Nisha sells it for ₹63. What is the profit on one (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) False (b) True
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.Aarav makes 17 paper bookmarks at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.It costs ₹15 to make one glass of chai. Ishaan sells it for ₹22. What is the profit on one (in ₹)?
  40. 40.It costs ₹54 to make one fruit cup. On the last day Rohan sells it for only ₹44. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. 54
  3. 15
  4. cost price
  5. cost price
  6. what the buyer pays
  7. 66
  8. cost price
  9. Loss
  10. 56
  11. selling price
  12. 60
  13. SP more than CP
  14. Loss
  15. 7
  16. 7
  17. 168
  18. Profit
  19. 8
  20. Loss
  21. selling price
  22. 48
  23. 1
  24. 2
  25. 330
  26. selling price
  27. False
  28. True
  29. 5
  30. True
  31. 7
  32. False
  33. 4
  34. 5
  35. True
  36. True
  37. 221
  38. True
  39. 7
  40. 10

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