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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 555 · 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 ₹17 to make one paper bookmark. Arjun sells it for ₹33. What is the profit on one (in ₹)?
  2. 2.One painted pebble costs Farhan ₹54 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.True or false: “the price you sell at” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  6. 6.One handmade card costs ₹55 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  10. 10.True or false: “money spent to get it” is the selling price. (a) False (b) True
  11. 11.It costs ₹59 to make one jute bag. On the last day Zoya sells it for only ₹58. How much is the loss on one (in ₹)?
  12. 12.It costs ₹30 to make one painted pebble. On the last day Farhan sells it for only ₹20. How much is the loss on one (in ₹)?
  13. 13.One jute bag costs ₹34 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹51 to make one fruit cup. Kavya sells it for ₹57. What is the profit on one (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  16. 16.It costs ₹22 to make one friendship band. Diya sells it for ₹37. What is the profit on one (in ₹)?
  17. 17.One fruit cup costs ₹8 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.One jute bag costs ₹47 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹55 to make one clay diya. Kabir sells it for ₹70. What is the profit on one (in ₹)?
  20. 20.One friendship band costs Kabir ₹17 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  27. 27.It costs ₹8 to make one fruit cup. Meera sells it for ₹14. What is the profit on one (in ₹)?
  28. 28.Diya makes 28 painted pebbles at a cost of ₹31 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  29. 29.It costs ₹31 to make one handmade card. Meera sells it for ₹48. What is the profit on one (in ₹)?
  30. 30.Vihaan makes 27 glasses of chai at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  31. 31.It costs ₹57 to make one painted pebble. On the last day Tara sells it for only ₹51. How much is the loss on one (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.One friendship band costs ₹47 to make. Saanvi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  34. 34.One cupcake costs Gurpreet ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹60 to make one glass of chai. On the last day Rohan sells it for only ₹57. How much is the loss on one (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  37. 37.One fruit cup costs Kabir ₹48 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One paper bookmark costs ₹29 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹9 to make one handmade card. Ananya sells it for ₹10. What is the profit on one (in ₹)?
  40. 40.One friendship band costs ₹47 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?

Answer key

  1. 16
  2. Profit
  3. cost price
  4. False
  5. what it cost you
  6. 63
  7. True
  8. True
  9. SP less than CP
  10. False
  11. 1
  12. 10
  13. 42
  14. 6
  15. True
  16. 15
  17. 28
  18. 52
  19. 15
  20. Loss
  21. selling price
  22. cost price
  23. SP more than CP
  24. cost price
  25. False
  26. what the buyer pays
  27. 6
  28. 336
  29. 17
  30. 324
  31. 6
  32. True
  33. 64
  34. Loss
  35. 3
  36. False
  37. Loss
  38. 37
  39. 1
  40. 53

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