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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 500 · 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 clay diya costs Kavya ₹44 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.It costs ₹6 to make one clay diya. Aarav sells it for ₹17. What is the profit on one (in ₹)?
  3. 3.It costs ₹19 to make one jute bag. Ananya sells it for ₹21. What is the profit on one (in ₹)?
  4. 4.True or false: “what you paid for it” is the selling price. (a) True (b) False
  5. 5.One fruit cup costs Tara ₹37 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  8. 8.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  9. 9.It costs ₹22 to make one friendship band. Kavya sells it for ₹31. What is the profit on one (in ₹)?
  10. 10.It costs ₹11 to make one glass of chai. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.Vihaan makes 17 glasses of chai at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.True or false: “the price you sell at” is the selling price. (a) False (b) True
  17. 17.Kabir makes 23 cupcakes at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  18. 18.True or false: “what a customer pays” is the selling price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.One friendship band costs ₹13 to make. Ishaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) True (b) False
  22. 22.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  23. 23.One jute bag costs Ananya ₹45 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Aarav makes 23 cups of lemonade at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  25. 25.It costs ₹41 to make one bag of popcorn. Diya sells it for ₹58. What is the profit on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.One clay diya costs ₹42 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  31. 31.Nisha makes 5 fruit cups at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  32. 32.It costs ₹41 to make one fruit cup. Ananya sells it for ₹46. What is the profit on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.One cupcake costs ₹57 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  35. 35.One handmade card costs ₹54 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.One painted pebble costs ₹41 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “money got from a sale” is the selling price. (a) True (b) False
  38. 38.True or false: “money spent to get it” is the cost price. (a) False (b) True
  39. 39.Arjun makes 27 jute bags at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  40. 40.It costs ₹46 to make one handmade card. Farhan sells it for ₹65. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. 11
  3. 2
  4. False
  5. Loss
  6. cost price
  7. what the buyer pays
  8. SP less than CP
  9. 9
  10. 6
  11. selling price
  12. 204
  13. True
  14. selling price
  15. cost price
  16. True
  17. 322
  18. True
  19. selling price
  20. 22
  21. False
  22. what it cost you
  23. Loss
  24. 253
  25. 17
  26. False
  27. cost price
  28. False
  29. False
  30. 56
  31. 35
  32. 5
  33. False
  34. 69
  35. 70
  36. 58
  37. True
  38. True
  39. 108
  40. 19

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