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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 534 · 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: “what you paid for it” is the selling price. (a) True (b) False
  2. 2.One fruit cup costs Lakshmi ₹18 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.Meera makes 20 handmade cards at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.It costs ₹36 to make one glass of chai. Joseph sells it for ₹46. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹53 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “money spent to get it” is the selling price. (a) False (b) True
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  9. 9.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹59 to make one painted pebble. On the last day Ananya sells it for only ₹50. How much is the loss on one (in ₹)?
  12. 12.It costs ₹23 to make one painted pebble. On the last day Arjun sells it for only ₹20. How much is the loss on one (in ₹)?
  13. 13.One bag of popcorn costs ₹48 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.One friendship band costs Gurpreet ₹49 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  16. 16.It costs ₹53 to make one potted plant. On the last day Dev sells it for only ₹43. How much is the loss on one (in ₹)?
  17. 17.It costs ₹58 to make one potted plant. Ananya sells it for ₹61. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹28 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  19. 19.Arjun makes 9 clay diyas at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  20. 20.One jute bag costs Joseph ₹20 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹20 to make one cup of lemonade. Diya sells it for ₹36. What is the profit on one (in ₹)?
  22. 22.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  23. 23.One clay diya costs ₹40 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹66 to make one paper bookmark. On the last day Dev sells it for only ₹59. How much is the loss on one (in ₹)?
  25. 25.True or false: “cost of making one” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.Ananya makes 11 glasses of chai at a cost of ₹40 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  28. 28.It costs ₹15 to make one paper bookmark. Riya sells it for ₹35. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  30. 30.It costs ₹27 to make one glass of chai. On the last day Farhan sells it for only ₹23. How much is the loss on one (in ₹)?
  31. 31.It costs ₹32 to make one friendship band. On the last day Meera sells it for only ₹26. How much is the loss on one (in ₹)?
  32. 32.One handmade card costs ₹22 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  33. 33.One potted plant costs ₹49 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹55 to make one clay diya. On the last day Gurpreet sells it for only ₹48. How much is the loss on one (in ₹)?
  35. 35.Gurpreet makes 6 friendship bands at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  36. 36.Rohan makes 24 potted plants at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  37. 37.It costs ₹25 to make one friendship band. On the last day Nisha sells it for only ₹17. How much is the loss on one (in ₹)?
  38. 38.It costs ₹22 to make one friendship band. Joseph sells it for ₹34. What is the profit on one (in ₹)?
  39. 39.One handmade card costs ₹32 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.Gurpreet makes 6 glasses of chai at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. Profit
  3. 100
  4. selling price
  5. 10
  6. 58
  7. False
  8. what the buyer pays
  9. what it cost you
  10. selling price
  11. 9
  12. 3
  13. 49
  14. Loss
  15. cost price
  16. 10
  17. 3
  18. 43
  19. 135
  20. Loss
  21. 16
  22. SP less than CP
  23. 48
  24. 7
  25. False
  26. cost price
  27. 121
  28. 20
  29. selling price
  30. 4
  31. 6
  32. 37
  33. 62
  34. 7
  35. 18
  36. 48
  37. 8
  38. 12
  39. 35
  40. 48

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