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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 612 · 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: what you paid for it? (a) selling price (b) cost price
  2. 2.Aarav makes 22 friendship bands at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  3. 3.It costs ₹23 to make one painted pebble. On the last day Arjun sells it for only ₹19. How much is the loss on one (in ₹)?
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.True or false: “the price on your board” is the cost price. (a) False (b) True
  6. 6.It costs ₹58 to make one clay diya. Lakshmi sells it for ₹71. What is the profit on one (in ₹)?
  7. 7.One glass of chai costs ₹9 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  9. 9.Ananya makes 12 potted plants at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  10. 10.It costs ₹30 to make one clay diya. On the last day Vihaan sells it for only ₹28. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.True or false: “money got from a sale” is the selling price. (a) False (b) True
  14. 14.One handmade card costs Ananya ₹47 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  21. 21.One glass of chai costs ₹29 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹51 to make one glass of chai. Ananya sells it for ₹62. What is the profit on one (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.One cupcake costs ₹55 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  27. 27.Diya makes 22 glasses of chai at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  28. 28.It costs ₹20 to make one clay diya. On the last day Farhan sells it for only ₹13. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  30. 30.Gurpreet makes 12 glasses of chai at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  31. 31.It costs ₹32 to make one friendship band. On the last day Gurpreet sells it for only ₹31. How much is the loss on one (in ₹)?
  32. 32.Joseph makes 10 glasses of chai at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  33. 33.One cupcake costs ₹44 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  34. 34.Farhan makes 15 paper bookmarks at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  35. 35.Dev makes 14 bags of popcorn at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  36. 36.It costs ₹48 to make one fruit cup. On the last day Aarav sells it for only ₹45. How much is the loss on one (in ₹)?
  37. 37.One glass of chai costs ₹58 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹13 to make one glass of chai. Riya sells it for ₹33. What is the profit on one (in ₹)?
  39. 39.One cupcake costs Vihaan ₹49 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One handmade card costs ₹48 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. 176
  3. 4
  4. True
  5. False
  6. 13
  7. 13
  8. what the buyer pays
  9. 48
  10. 2
  11. selling price
  12. selling price
  13. True
  14. Loss
  15. SP less than CP
  16. cost price
  17. selling price
  18. True
  19. False
  20. what it cost you
  21. 30
  22. 11
  23. True
  24. True
  25. selling price
  26. 65
  27. 88
  28. 7
  29. cost price
  30. 12
  31. 1
  32. 40
  33. 62
  34. 45
  35. 14
  36. 3
  37. 66
  38. 20
  39. Profit
  40. 55

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