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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 553 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.One glass of chai costs Rohan ₹44 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One paper bookmark costs ₹8 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  4. 4.One paper bookmark costs ₹20 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹41 to make one handmade card. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  7. 7.One bag of popcorn costs Joseph ₹58 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹20 to make one glass of chai. Kabir sells it for ₹35. What is the profit on one (in ₹)?
  9. 9.It costs ₹8 to make one glass of chai. Aarav sells it for ₹15. What is the profit on one (in ₹)?
  10. 10.One fruit cup costs ₹14 to make. Joseph wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹18 to make one bag of popcorn. Meera sells it for ₹37. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  15. 15.It costs ₹20 to make one paper bookmark. Kabir sells it for ₹32. What is the profit on one (in ₹)?
  16. 16.One clay diya costs Meera ₹18 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One bag of popcorn costs ₹44 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.One clay diya costs Meera ₹42 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.Dev makes 15 fruit cups at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  20. 20.Nisha makes 5 jute bags at a cost of ₹23 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) False (b) True
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.One handmade card costs ₹10 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  24. 24.One cupcake costs ₹14 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  25. 25.One jute bag costs ₹59 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (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) selling price (b) cost price
  28. 28.It costs ₹23 to make one friendship band. Joseph sells it for ₹26. What is the profit on one (in ₹)?
  29. 29.It costs ₹15 to make one glass of chai. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.It costs ₹46 to make one cupcake. Saanvi sells it for ₹62. What is the profit on one (in ₹)?
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.True or false: “the price on your board” is the cost price. (a) False (b) True
  34. 34.It costs ₹27 to make one clay diya. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  35. 35.It costs ₹27 to make one jute bag. Gurpreet sells it for ₹36. What is the profit on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) True (b) False
  37. 37.One fruit cup costs ₹39 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹63 to make one paper bookmark. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  40. 40.One potted plant costs Kavya ₹54 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. selling price
  2. Profit
  3. 28
  4. 25
  5. 14
  6. what the buyer pays
  7. Loss
  8. 15
  9. 7
  10. 24
  11. 19
  12. what it cost you
  13. SP less than CP
  14. SP more than CP
  15. 12
  16. Loss
  17. 55
  18. Loss
  19. 60
  20. 50
  21. False
  22. True
  23. 14
  24. 31
  25. 60
  26. False
  27. cost price
  28. 3
  29. 11
  30. selling price
  31. 16
  32. False
  33. False
  34. 10
  35. 9
  36. True
  37. 47
  38. 7
  39. cost price
  40. Profit

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