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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 533 · 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 ₹36 to make one glass of chai. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.True or false: “the price on your board” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  7. 7.True or false: “the price you sell at” is the selling price. (a) False (b) True
  8. 8.Dev makes 29 clay diyas at a cost of ₹7 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  10. 10.It costs ₹49 to make one bag of popcorn. Meera sells it for ₹54. What is the profit on one (in ₹)?
  11. 11.Riya makes 29 handmade cards at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  12. 12.One cupcake costs ₹32 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.One glass of chai costs ₹11 to make. Rohan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.One friendship band costs ₹16 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  18. 18.Lakshmi makes 27 painted pebbles at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.Diya makes 22 painted pebbles at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.One potted plant costs ₹55 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what a customer pays” is the cost price. (a) True (b) False
  24. 24.True or false: “the price on your board” is the cost price. (a) True (b) False
  25. 25.One cupcake costs ₹5 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “the price you sell at” 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: “cost of making one” is the cost price. (a) True (b) False
  29. 29.It costs ₹25 to make one jute bag. On the last day Dev sells it for only ₹18. How much is the loss on one (in ₹)?
  30. 30.It costs ₹56 to make one cupcake. On the last day Rohan sells it for only ₹54. How much is the loss on one (in ₹)?
  31. 31.It costs ₹33 to make one handmade card. On the last day Vihaan sells it for only ₹26. How much is the loss on one (in ₹)?
  32. 32.It costs ₹39 to make one handmade card. On the last day Zoya sells it for only ₹30. How much is the loss on one (in ₹)?
  33. 33.It costs ₹39 to make one jute bag. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  34. 34.True or false: “cost of making one” is the selling price. (a) True (b) False
  35. 35.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  37. 37.One clay diya costs Rohan ₹36 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One painted pebble costs ₹34 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹32 to make one potted plant. On the last day Zoya sells it for only ₹22. How much is the loss on one (in ₹)?
  40. 40.One fruit cup costs Lakshmi ₹16 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 17
  2. cost price
  3. True
  4. what it cost you
  5. cost price
  6. selling price
  7. True
  8. 348
  9. True
  10. 5
  11. 116
  12. 51
  13. 17
  14. selling price
  15. False
  16. cost price
  17. 30
  18. 216
  19. selling price
  20. 44
  21. True
  22. 60
  23. False
  24. False
  25. 17
  26. False
  27. cost price
  28. True
  29. 7
  30. 2
  31. 7
  32. 9
  33. 4
  34. False
  35. SP more than CP
  36. selling price
  37. Profit
  38. 52
  39. 10
  40. Loss

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