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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 497 · 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 potted plant costs ₹19 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  2. 2.Kabir makes 12 handmade cards at a cost of ₹8 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.It costs ₹11 to make one painted pebble. Nisha sells it for ₹20. What is the profit on one (in ₹)?
  6. 6.True or false: “money spent to get it” is the cost price. (a) True (b) False
  7. 7.Arjun makes 16 cupcakes at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  8. 8.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.It costs ₹19 to make one clay diya. Farhan sells it for ₹24. What is the profit on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) False (b) True
  15. 15.True or false: “the price on your board” is the selling price. (a) False (b) True
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.It costs ₹17 to make one cup of lemonade. On the last day Dev sells it for only ₹10. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.It costs ₹28 to make one glass of chai. On the last day Dev sells it for only ₹27. How much is the loss on one (in ₹)?
  20. 20.Vihaan makes 19 jute bags at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  21. 21.It costs ₹31 to make one glass of chai. On the last day Nisha sells it for only ₹21. How much is the loss on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.It costs ₹55 to make one potted plant. Meera sells it for ₹61. What is the profit on one (in ₹)?
  25. 25.It costs ₹41 to make one bag of popcorn. On the last day Joseph sells it for only ₹34. How much is the loss on one (in ₹)?
  26. 26.One handmade card costs ₹49 to make. Zoya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.It costs ₹25 to make one handmade card. Diya sells it for ₹42. What is the profit on one (in ₹)?
  30. 30.It costs ₹27 to make one jute bag. On the last day Vihaan sells it for only ₹25. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs Rohan ₹20 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹45 to make one painted pebble. On the last day Gurpreet sells it for only ₹44. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.One cupcake costs Saanvi ₹57 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One potted plant costs ₹13 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹36 to make one painted pebble. Farhan sells it for ₹38. What is the profit on one (in ₹)?
  39. 39.One cupcake costs Aarav ₹45 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹7 to make one cupcake. Diya sells it for ₹9. What is the profit on one (in ₹)?

Answer key

  1. 27
  2. 96
  3. selling price
  4. True
  5. 9
  6. True
  7. 16
  8. SP less than CP
  9. selling price
  10. selling price
  11. False
  12. False
  13. 5
  14. False
  15. True
  16. False
  17. 7
  18. cost price
  19. 1
  20. 95
  21. 10
  22. True
  23. True
  24. 6
  25. 7
  26. 61
  27. SP more than CP
  28. False
  29. 17
  30. 2
  31. Profit
  32. 1
  33. selling price
  34. what the buyer pays
  35. cost price
  36. Profit
  37. 16
  38. 2
  39. Loss
  40. 2

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