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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 610 · 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 painted pebble costs ₹47 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  2. 2.One glass of chai costs Diya ₹49 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  5. 5.One cupcake costs Farhan ₹53 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.It costs ₹44 to make one fruit cup. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  9. 9.Diya makes 29 cups of lemonade at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  10. 10.It costs ₹55 to make one painted pebble. Meera sells it for ₹62. What is the profit on one (in ₹)?
  11. 11.One potted plant costs Ananya ₹21 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.It costs ₹28 to make one friendship band. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  17. 17.True or false: “money spent to get it” is the cost price. (a) True (b) False
  18. 18.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  19. 19.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  20. 20.It costs ₹17 to make one friendship band. On the last day Dev sells it for only ₹11. How much is the loss on one (in ₹)?
  21. 21.One paper bookmark costs Aarav ₹26 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Joseph makes 5 fruit cups at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  23. 23.One potted plant costs ₹18 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.Nisha makes 7 bags of popcorn at a cost of ₹6 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  25. 25.It costs ₹10 to make one fruit cup. Lakshmi sells it for ₹21. What is the profit on one (in ₹)?
  26. 26.Rohan makes 5 paper bookmarks at a cost of ₹38 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.Gurpreet makes 6 jute bags at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  29. 29.It costs ₹15 to make one handmade card. Meera sells it for ₹26. What is the profit on one (in ₹)?
  30. 30.It costs ₹23 to make one fruit cup. Tara sells it for ₹29. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.It costs ₹12 to make one handmade card. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  33. 33.True or false: “money spent to get it” is the selling price. (a) False (b) True
  34. 34.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  35. 35.It costs ₹37 to make one handmade card. Riya sells it for ₹54. What is the profit on one (in ₹)?
  36. 36.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  37. 37.One paper bookmark costs Tara ₹56 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Riya makes 10 painted pebbles at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  39. 39.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  40. 40.It costs ₹37 to make one clay diya. Diya sells it for ₹55. What is the profit on one (in ₹)?

Answer key

  1. 48
  2. Loss
  3. cost price
  4. False
  5. Profit
  6. True
  7. selling price
  8. 2
  9. 203
  10. 7
  11. Profit
  12. False
  13. False
  14. selling price
  15. cost price
  16. 7
  17. True
  18. what the buyer pays
  19. what it cost you
  20. 6
  21. Loss
  22. 55
  23. 36
  24. 21
  25. 11
  26. 15
  27. False
  28. 66
  29. 11
  30. 6
  31. selling price
  32. 5
  33. False
  34. True
  35. 17
  36. SP more than CP
  37. Loss
  38. 10
  39. SP less than CP
  40. 18

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