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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 496 · 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 ₹24 to make one paper bookmark. Farhan sells it for ₹31. What is the profit on one (in ₹)?
  2. 2.True or false: “the price on your board” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  4. 4.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  5. 5.One cup of lemonade costs ₹15 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹17 to make one fruit cup. On the last day Ananya sells it for only ₹12. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.One potted plant costs Rohan ₹28 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.Tara makes 14 glasses of chai at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  13. 13.One cup of lemonade costs Farhan ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “what a customer pays” is the cost price. (a) False (b) True
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.True or false: “money spent to get it” is the selling price. (a) False (b) True
  17. 17.One glass of chai costs ₹25 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  19. 19.True or false: “money spent to get it” is the cost price. (a) True (b) False
  20. 20.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  21. 21.Diya makes 12 clay diyas at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  22. 22.It costs ₹12 to make one potted plant. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.One cup of lemonade costs Dev ₹18 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One fruit cup costs ₹7 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  26. 26.One bag of popcorn costs Nisha ₹24 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹13 to make one clay diya. On the last day Saanvi sells it for only ₹5. How much is the loss on one (in ₹)?
  28. 28.It costs ₹10 to make one jute bag. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs ₹54 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what you paid for it” is the selling price. (a) True (b) False
  31. 31.One clay diya costs ₹17 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.One bag of popcorn costs ₹21 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  33. 33.Zoya makes 12 painted pebbles at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  34. 34.It costs ₹16 to make one handmade card. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  35. 35.One potted plant costs ₹42 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  37. 37.True or false: “money got from a sale” is the selling price. (a) False (b) True
  38. 38.It costs ₹20 to make one friendship band. On the last day Saanvi sells it for only ₹13. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.True or false: “cost of making one” is the selling price. (a) True (b) False

Answer key

  1. 7
  2. True
  3. what it cost you
  4. SP more than CP
  5. 21
  6. 5
  7. cost price
  8. Profit
  9. selling price
  10. False
  11. cost price
  12. 210
  13. Loss
  14. False
  15. False
  16. False
  17. 31
  18. True
  19. True
  20. SP less than CP
  21. 12
  22. 6
  23. selling price
  24. Loss
  25. 16
  26. Loss
  27. 8
  28. 14
  29. 63
  30. False
  31. 19
  32. 28
  33. 36
  34. 15
  35. 52
  36. what the buyer pays
  37. True
  38. 7
  39. selling price
  40. False

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