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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 594 · 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 paper bookmark costs ₹11 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  4. 4.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  5. 5.It costs ₹41 to make one clay diya. Diya sells it for ₹56. What is the profit on one (in ₹)?
  6. 6.True or false: “money got from a sale” is the selling price. (a) True (b) False
  7. 7.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  8. 8.It costs ₹9 to make one painted pebble. Arjun sells it for ₹13. What is the profit on one (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) True (b) False
  10. 10.It costs ₹28 to make one cup of lemonade. Kavya sells it for ₹48. What is the profit on one (in ₹)?
  11. 11.One potted plant costs Meera ₹44 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One friendship band costs Meera ₹26 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  15. 15.True or false: “the price you sell at” is the selling price. (a) False (b) True
  16. 16.One glass of chai costs Meera ₹36 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “what a customer pays” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.It costs ₹55 to make one jute bag. On the last day Nisha sells it for only ₹49. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  21. 21.It costs ₹7 to make one cup of lemonade. On the last day Nisha sells it for only ₹6. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.It costs ₹21 to make one paper bookmark. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  24. 24.It costs ₹28 to make one handmade card. On the last day Ananya sells it for only ₹25. How much is the loss on one (in ₹)?
  25. 25.One glass of chai costs ₹49 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹58 to make one handmade card. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹13 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹19 to make one potted plant. Kavya sells it for ₹22. What is the profit on one (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  30. 30.It costs ₹52 to make one fruit cup. Ishaan sells it for ₹53. What is the profit on one (in ₹)?
  31. 31.Arjun makes 5 paper bookmarks at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  32. 32.One handmade card costs Kabir ₹24 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “money got from a sale” is the cost price. (a) True (b) False
  34. 34.True or false: “what you paid for it” is the selling price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  36. 36.One painted pebble costs ₹15 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.One glass of chai costs Diya ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One cupcake costs ₹30 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.Arjun makes 15 glasses of chai at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?

Answer key

  1. 17
  2. cost price
  3. what it cost you
  4. what the buyer pays
  5. 15
  6. True
  7. SP more than CP
  8. 4
  9. True
  10. 20
  11. Loss
  12. Loss
  13. selling price
  14. SP less than CP
  15. True
  16. Loss
  17. False
  18. cost price
  19. 6
  20. selling price
  21. 1
  22. cost price
  23. 1
  24. 3
  25. 50
  26. 2
  27. 30
  28. 3
  29. False
  30. 1
  31. 5
  32. Loss
  33. False
  34. False
  35. selling price
  36. 29
  37. selling price
  38. Loss
  39. 31
  40. 225

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