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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 627 · 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.

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  1. 1.It costs ₹40 to make one glass of chai. Meera sells it for ₹57. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  4. 4.One handmade card costs ₹52 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹36 to make one glass of chai. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  6. 6.One friendship band costs ₹38 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  11. 11.One jute bag costs ₹58 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “the price you sell at” is the selling price. (a) False (b) True
  13. 13.True or false: “money got from a sale” is the cost price. (a) True (b) False
  14. 14.Kabir makes 8 paper bookmarks at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  15. 15.True or false: “what you paid for it” is the cost price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.True or false: “what a customer pays” is the selling price. (a) False (b) True
  18. 18.One paper bookmark costs Ananya ₹51 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹22 to make one handmade card. Riya sells it for ₹35. What is the profit on one (in ₹)?
  20. 20.Kabir makes 13 handmade cards at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  21. 21.It costs ₹21 to make one potted plant. On the last day Kabir sells it for only ₹18. 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.One paper bookmark costs Nisha ₹42 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “cost of making one” is the selling price. (a) True (b) False
  25. 25.Meera makes 26 painted pebbles at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  26. 26.One potted plant costs Tara ₹26 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹13 to make one fruit cup. Diya sells it for ₹14. What is the profit on one (in ₹)?
  28. 28.It costs ₹12 to make one handmade card. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs Farhan ₹52 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.One handmade card costs ₹32 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  34. 34.True or false: “the price on your board” is the cost price. (a) False (b) True
  35. 35.One bag of popcorn costs Aarav ₹27 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  38. 38.One jute bag costs ₹13 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.One handmade card costs ₹47 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. 17
  2. cost price
  3. SP more than CP
  4. 61
  5. 1
  6. 57
  7. False
  8. selling price
  9. SP less than CP
  10. what it cost you
  11. 65
  12. True
  13. False
  14. 8
  15. True
  16. cost price
  17. True
  18. Profit
  19. 13
  20. 195
  21. 3
  22. cost price
  23. Profit
  24. False
  25. 78
  26. Profit
  27. 1
  28. 18
  29. Loss
  30. selling price
  31. selling price
  32. 33
  33. what the buyer pays
  34. False
  35. Profit
  36. selling price
  37. cost price
  38. 26
  39. 51
  40. True

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