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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 570 · 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.One clay diya costs Lakshmi ₹28 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.It costs ₹58 to make one paper bookmark. Aarav sells it for ₹77. What is the profit on one (in ₹)?
  3. 3.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  4. 4.True or false: “cost of making one” is the selling price. (a) True (b) False
  5. 5.It costs ₹24 to make one handmade card. On the last day Zoya sells it for only ₹21. How much is the loss on one (in ₹)?
  6. 6.True or false: “the price you sell at” is the cost price. (a) False (b) True
  7. 7.It costs ₹16 to make one potted plant. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.Vihaan makes 28 cupcakes at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.True or false: “what you paid for it” is the cost price. (a) False (b) True
  12. 12.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.One glass of chai costs ₹45 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.One friendship band costs Kabir ₹35 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.Joseph makes 10 paper bookmarks at a cost of ₹14 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  19. 19.It costs ₹29 to make one paper bookmark. On the last day Lakshmi sells it for only ₹27. How much is the loss on one (in ₹)?
  20. 20.Kavya makes 10 clay diyas at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  21. 21.Tara makes 14 cups of lemonade at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  22. 22.One glass of chai costs ₹54 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  24. 24.It costs ₹12 to make one cupcake. Rohan sells it for ₹16. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  26. 26.It costs ₹17 to make one friendship band. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  27. 27.Kabir makes 22 glasses of chai at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  29. 29.One friendship band costs ₹5 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  31. 31.One clay diya costs ₹19 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “money got from a sale” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  34. 34.One handmade card costs Meera ₹38 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹16 to make one handmade card. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.One handmade card costs Kabir ₹45 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹16 to make one friendship band. On the last day Dev sells it for only ₹9. How much is the loss on one (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) True (b) False
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.One fruit cup costs ₹31 to make. Farhan wants a profit of ₹4 on each. What should the selling price be (in ₹)?

Answer key

  1. Profit
  2. 19
  3. SP less than CP
  4. False
  5. 3
  6. False
  7. 3
  8. False
  9. 196
  10. False
  11. True
  12. what the buyer pays
  13. False
  14. cost price
  15. 58
  16. cost price
  17. Loss
  18. 80
  19. 2
  20. 30
  21. 14
  22. 69
  23. what it cost you
  24. 4
  25. cost price
  26. 11
  27. 44
  28. True
  29. 6
  30. False
  31. 30
  32. True
  33. cost price
  34. Loss
  35. 17
  36. Profit
  37. 7
  38. True
  39. selling price
  40. 35

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