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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 55 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.One potted plant costs Vihaan ₹39 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹18 to make one painted pebble. Lakshmi sells it for ₹23. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.One cupcake costs ₹35 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.It costs ₹17 to make one clay diya. Ishaan sells it for ₹24. What is the profit on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.It costs ₹42 to make one painted pebble. On the last day Rohan sells it for only ₹35. How much is the loss on one (in ₹)?
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.One paper bookmark costs Ananya ₹32 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.One painted pebble costs Rohan ₹18 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹51 to make one glass of chai. Meera sells it for ₹67. What is the profit on one (in ₹)?
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.It costs ₹47 to make one potted plant. On the last day Vihaan sells it for only ₹44. How much is the loss on one (in ₹)?
  19. 19.One paper bookmark costs ₹51 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  20. 20.Meera makes 28 potted plants at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.It costs ₹22 to make one clay diya. Arjun sells it for ₹38. What is the profit on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
  24. 24.One handmade card costs ₹47 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  25. 25.Aarav makes 9 potted plants at a cost of ₹7 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.One cup of lemonade costs Kabir ₹32 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  29. 29.It costs ₹59 to make one fruit cup. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
  30. 30.It costs ₹11 to make one cupcake. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  31. 31.One friendship band costs Joseph ₹25 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  33. 33.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  34. 34.It costs ₹45 to make one glass of chai. Kavya sells it for ₹65. What is the profit on one (in ₹)?
  35. 35.One jute bag costs ₹31 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹23 to make one potted plant. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.Saanvi makes 26 friendship bands at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  38. 38.One clay diya costs Arjun ₹56 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One friendship band costs ₹18 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹17 to make one friendship band. On the last day Aarav sells it for only ₹9. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. what it cost you
  3. False
  4. Loss
  5. 5
  6. cost price
  7. 44
  8. selling price
  9. 7
  10. False
  11. 7
  12. True
  13. Loss
  14. Loss
  15. 16
  16. False
  17. cost price
  18. 3
  19. 64
  20. 56
  21. cost price
  22. 16
  23. False
  24. 56
  25. 36
  26. selling price
  27. Loss
  28. selling price
  29. 5
  30. 3
  31. Loss
  32. cost price
  33. what the buyer pays
  34. 20
  35. 32
  36. 3
  37. 312
  38. Loss
  39. 24
  40. 8

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