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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 50 · 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 fruit cup costs ₹32 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “cost of making one” is the selling price. (a) True (b) False
  3. 3.True or false: “money got from a sale” is the selling price. (a) True (b) False
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.It costs ₹57 to make one jute bag. On the last day Ishaan sells it for only ₹47. How much is the loss on one (in ₹)?
  6. 6.True or false: “what a customer pays” is the cost price. (a) False (b) True
  7. 7.One handmade card costs Ananya ₹28 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.One fruit cup costs Kabir ₹28 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.One paper bookmark costs ₹52 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  12. 12.Kabir makes 24 handmade cards at a cost of ₹23 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.It costs ₹59 to make one glass of chai. On the last day Lakshmi sells it for only ₹58. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  17. 17.It costs ₹13 to make one handmade card. On the last day Ananya sells it for only ₹10. How much is the loss on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.It costs ₹18 to make one jute bag. On the last day Meera sells it for only ₹10. How much is the loss on one (in ₹)?
  20. 20.It costs ₹60 to make one friendship band. Lakshmi sells it for ₹66. What is the profit on one (in ₹)?
  21. 21.One handmade card costs Arjun ₹41 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “the price you sell at” is the selling price. (a) False (b) True
  23. 23.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  24. 24.One handmade card costs ₹59 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹37 to make one clay diya. Meera sells it for ₹38. What is the profit on one (in ₹)?
  26. 26.It costs ₹41 to make one bag of popcorn. Saanvi sells it for ₹58. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹50 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.Riya makes 28 cupcakes at a cost of ₹18 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) False (b) True
  30. 30.Ishaan makes 17 cups of lemonade at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.It costs ₹42 to make one handmade card. On the last day Tara sells it for only ₹34. How much is the loss on one (in ₹)?
  33. 33.It costs ₹8 to make one fruit cup. Meera sells it for ₹17. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.True or false: “the price on your board” is the selling price. (a) True (b) False
  37. 37.One paper bookmark costs Ananya ₹58 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Ananya makes 30 cups of lemonade at a cost of ₹9 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  39. 39.It costs ₹42 to make one jute bag. On the last day Aarav sells it for only ₹39. How much is the loss on one (in ₹)?
  40. 40.One jute bag costs ₹59 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?

Answer key

  1. 50
  2. False
  3. True
  4. False
  5. 10
  6. False
  7. Profit
  8. selling price
  9. Profit
  10. 63
  11. SP more than CP
  12. 216
  13. selling price
  14. 1
  15. cost price
  16. what the buyer pays
  17. 3
  18. True
  19. 8
  20. 6
  21. Profit
  22. True
  23. SP less than CP
  24. 72
  25. 1
  26. 17
  27. 54
  28. 420
  29. False
  30. 170
  31. selling price
  32. 8
  33. 9
  34. cost price
  35. False
  36. True
  37. Profit
  38. 330
  39. 3
  40. 76

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