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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 580 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.One paper bookmark costs ₹33 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.True or false: “what you paid for it” is the selling price. (a) True (b) False
  5. 5.Aarav makes 22 clay diyas at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  6. 6.One handmade card costs ₹13 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  9. 9.True or false: “what you paid for it” is the cost price. (a) False (b) True
  10. 10.It costs ₹28 to make one paper bookmark. Ananya sells it for ₹33. What is the profit on one (in ₹)?
  11. 11.It costs ₹53 to make one jute bag. On the last day Vihaan sells it for only ₹49. How much is the loss on one (in ₹)?
  12. 12.True or false: “the price you sell at” is the cost price. (a) False (b) True
  13. 13.One handmade card costs ₹12 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹10 to make one jute bag. Aarav sells it for ₹16. What is the profit on one (in ₹)?
  15. 15.Tara makes 13 paper bookmarks at a cost of ₹27 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  16. 16.One fruit cup costs ₹31 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹16 to make one cup of lemonade. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  18. 18.It costs ₹54 to make one cup of lemonade. Dev sells it for ₹63. What is the profit on one (in ₹)?
  19. 19.It costs ₹13 to make one glass of chai. Meera sells it for ₹25. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs Meera ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.One clay diya costs Kavya ₹48 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹27 to make one painted pebble. On the last day Dev sells it for only ₹23. How much is the loss on one (in ₹)?
  25. 25.One cupcake costs Lakshmi ₹22 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Saanvi makes 28 bags of popcorn at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  27. 27.True or false: “money got from a sale” is the cost price. (a) True (b) False
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.True or false: “money spent to get it” is the selling price. (a) False (b) True
  30. 30.One jute bag costs ₹60 to make. Lakshmi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹44 to make one glass of chai. On the last day Kavya sells it for only ₹38. How much is the loss on one (in ₹)?
  32. 32.It costs ₹22 to make one paper bookmark. Gurpreet sells it for ₹31. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.True or false: “the price you sell at” is the selling price. (a) True (b) False
  35. 35.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.True or false: “the price on your board” is the cost price. (a) True (b) False
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.It costs ₹36 to make one handmade card. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.One friendship band costs Nisha ₹45 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 40
  3. what it cost you
  4. False
  5. 198
  6. 19
  7. SP less than CP
  8. False
  9. True
  10. 5
  11. 4
  12. False
  13. 29
  14. 6
  15. 143
  16. 34
  17. 4
  18. 9
  19. 12
  20. Profit
  21. selling price
  22. True
  23. Profit
  24. 4
  25. Profit
  26. 364
  27. False
  28. False
  29. False
  30. 67
  31. 6
  32. 9
  33. cost price
  34. True
  35. what the buyer pays
  36. selling price
  37. False
  38. True
  39. 10
  40. Loss

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