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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 614 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.One friendship band costs ₹25 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  7. 7.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  8. 8.Farhan makes 17 painted pebbles at a cost of ₹22 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  9. 9.It costs ₹21 to make one friendship band. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  10. 10.It costs ₹29 to make one paper bookmark. Kavya sells it for ₹39. What is the profit on one (in ₹)?
  11. 11.It costs ₹55 to make one glass of chai. On the last day Dev sells it for only ₹48. How much is the loss on one (in ₹)?
  12. 12.True or false: “the price on your board” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.One friendship band costs ₹17 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  16. 16.One fruit cup costs ₹11 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  18. 18.One friendship band costs ₹19 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  19. 19.Meera makes 9 clay diyas at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.One fruit cup costs Ishaan ₹39 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One bag of popcorn costs ₹50 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  24. 24.True or false: “what a customer pays” is the cost price. (a) True (b) False
  25. 25.It costs ₹24 to make one glass of chai. On the last day Riya sells it for only ₹19. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.It costs ₹51 to make one friendship band. On the last day Zoya sells it for only ₹49. How much is the loss on one (in ₹)?
  28. 28.It costs ₹51 to make one handmade card. Kavya sells it for ₹70. What is the profit on one (in ₹)?
  29. 29.Tara makes 12 jute bags at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  30. 30.One clay diya costs ₹53 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹8 to make one clay diya. On the last day Rohan sells it for only ₹6. How much is the loss on one (in ₹)?
  32. 32.It costs ₹15 to make one glass of chai. On the last day Rohan sells it for only ₹14. How much is the loss on one (in ₹)?
  33. 33.Vihaan makes 18 paper bookmarks at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  34. 34.It costs ₹42 to make one cup of lemonade. On the last day Saanvi sells it for only ₹36. How much is the loss on one (in ₹)?
  35. 35.It costs ₹9 to make one paper bookmark. On the last day Saanvi sells it for only ₹8. How much is the loss on one (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) False (b) True
  37. 37.It costs ₹33 to make one bag of popcorn. Lakshmi sells it for ₹50. What is the profit on one (in ₹)?
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.One painted pebble costs ₹54 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price

Answer key

  1. what the buyer pays
  2. 36
  3. selling price
  4. SP more than CP
  5. False
  6. what it cost you
  7. SP less than CP
  8. 170
  9. 1
  10. 10
  11. 7
  12. True
  13. selling price
  14. cost price
  15. 31
  16. 12
  17. False
  18. 32
  19. 36
  20. False
  21. Profit
  22. 65
  23. True
  24. False
  25. 5
  26. cost price
  27. 2
  28. 19
  29. 120
  30. 66
  31. 2
  32. 1
  33. 18
  34. 6
  35. 1
  36. False
  37. 17
  38. True
  39. 65
  40. selling price

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