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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 611 · 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 Meera ₹36 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹14 to make one cupcake. Gurpreet sells it for ₹24. What is the profit on one (in ₹)?
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.Meera makes 11 fruit cups at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.Dev makes 10 friendship bands at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  8. 8.One friendship band costs ₹19 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.True or false: “the price on your board” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.One friendship band costs ₹7 to make. Zoya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  16. 16.It costs ₹23 to make one glass of chai. On the last day Riya sells it for only ₹17. How much is the loss on one (in ₹)?
  17. 17.One potted plant costs Rohan ₹43 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Meera makes 15 friendship bands at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  19. 19.It costs ₹21 to make one jute bag. Saanvi sells it for ₹27. What is the profit on one (in ₹)?
  20. 20.It costs ₹12 to make one friendship band. Zoya sells it for ₹21. What is the profit on one (in ₹)?
  21. 21.Meera makes 17 glasses of chai at a cost of ₹22 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  22. 22.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  23. 23.One potted plant costs Farhan ₹18 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹22 to make one paper bookmark. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  25. 25.One potted plant costs Joseph ₹47 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.Tara makes 12 potted plants at a cost of ₹37 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  27. 27.One potted plant costs ₹18 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  28. 28.One potted plant costs Aarav ₹25 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹57 to make one jute bag. On the last day Riya sells it for only ₹55. How much is the loss on one (in ₹)?
  30. 30.It costs ₹40 to make one paper bookmark. Farhan sells it for ₹50. What is the profit on one (in ₹)?
  31. 31.One cupcake costs ₹22 to make. Zoya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.It costs ₹11 to make one cup of lemonade. On the last day Zoya sells it for only ₹6. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.Lakshmi makes 23 jute bags at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  36. 36.One clay diya costs Arjun ₹17 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹17 to make one fruit cup. On the last day Aarav sells it for only ₹15. How much is the loss on one (in ₹)?
  38. 38.It costs ₹10 to make one fruit cup. On the last day Lakshmi sells it for only ₹9. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. Loss
  2. 10
  3. True
  4. 99
  5. False
  6. 60
  7. True
  8. 33
  9. selling price
  10. what the buyer pays
  11. selling price
  12. False
  13. cost price
  14. 16
  15. what it cost you
  16. 6
  17. Profit
  18. 195
  19. 6
  20. 9
  21. 238
  22. SP less than CP
  23. Profit
  24. 7
  25. Loss
  26. 144
  27. 24
  28. Profit
  29. 2
  30. 10
  31. 32
  32. False
  33. 5
  34. selling price
  35. 46
  36. Loss
  37. 2
  38. 1
  39. cost price
  40. selling price

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