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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 504 · 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.True or false: “the price you sell at” is the cost price. (a) False (b) True
  2. 2.One paper bookmark costs ₹49 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.It costs ₹64 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹60. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  7. 7.It costs ₹18 to make one clay diya. On the last day Lakshmi sells it for only ₹16. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.True or false: “what a customer pays” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  12. 12.It costs ₹12 to make one clay diya. Gurpreet sells it for ₹17. What is the profit on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  14. 14.One friendship band costs ₹55 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) False (b) True
  16. 16.It costs ₹19 to make one paper bookmark. Vihaan sells it for ₹39. What is the profit on one (in ₹)?
  17. 17.It costs ₹27 to make one painted pebble. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  18. 18.One potted plant costs ₹23 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.One handmade card costs ₹42 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  24. 24.One jute bag costs Kavya ₹17 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹33 to make one friendship band. Riya sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.True or false: “the price on your board” is the selling price. (a) False (b) True
  27. 27.Diya makes 9 jute bags at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  28. 28.One jute bag costs ₹7 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹59 to make one jute bag. On the last day Kavya sells it for only ₹58. How much is the loss on one (in ₹)?
  30. 30.One painted pebble costs Rohan ₹18 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹42 to make one friendship band. On the last day Ananya sells it for only ₹41. How much is the loss on one (in ₹)?
  32. 32.It costs ₹29 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹25. How much is the loss on one (in ₹)?
  33. 33.It costs ₹7 to make one friendship band. Joseph sells it for ₹15. What is the profit on one (in ₹)?
  34. 34.Ishaan makes 21 fruit cups at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  35. 35.Meera makes 20 handmade cards at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  36. 36.One cupcake costs ₹12 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  37. 37.Tara makes 29 handmade cards at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  39. 39.True or false: “money got from a sale” is the selling price. (a) False (b) True
  40. 40.It costs ₹65 to make one glass of chai. On the last day Saanvi sells it for only ₹57. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 66
  3. True
  4. selling price
  5. 4
  6. what it cost you
  7. 2
  8. cost price
  9. True
  10. selling price
  11. SP less than CP
  12. 5
  13. False
  14. 63
  15. False
  16. 20
  17. 1
  18. 27
  19. 57
  20. cost price
  21. SP more than CP
  22. True
  23. what the buyer pays
  24. Loss
  25. 11
  26. True
  27. 135
  28. 24
  29. 1
  30. Profit
  31. 1
  32. 4
  33. 8
  34. 189
  35. 180
  36. 20
  37. 435
  38. selling price
  39. True
  40. 8

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