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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 632 · 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 means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  2. 2.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  3. 3.One paper bookmark costs ₹7 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “the price on your board” is the selling price. (a) False (b) True
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  7. 7.Rohan makes 5 handmade cards at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  10. 10.One potted plant costs ₹19 to make. Lakshmi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹40 to make one glass of chai. On the last day Riya sells it for only ₹32. How much is the loss on one (in ₹)?
  12. 12.One fruit cup costs ₹21 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  13. 13.One paper bookmark costs ₹12 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹27 to make one paper bookmark. Ishaan sells it for ₹29. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.One paper bookmark costs ₹59 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹29 to make one painted pebble. On the last day Gurpreet sells it for only ₹19. How much is the loss on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.It costs ₹43 to make one paper bookmark. Joseph sells it for ₹58. What is the profit on one (in ₹)?
  20. 20.Ananya makes 25 cupcakes at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  21. 21.One handmade card costs ₹19 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹9 to make one friendship band. Vihaan sells it for ₹13. What is the profit on one (in ₹)?
  23. 23.Lakshmi makes 13 friendship bands at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  24. 24.Riya makes 25 friendship bands at a cost of ₹27 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  25. 25.It costs ₹28 to make one clay diya. Tara sells it for ₹48. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs Saanvi ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹34 to make one potted plant. On the last day Aarav sells it for only ₹31. How much is the loss on one (in ₹)?
  28. 28.One cupcake costs Vihaan ₹35 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹62 to make one paper bookmark. On the last day Ishaan sells it for only ₹58. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs ₹20 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹42 to make one friendship band. Kabir sells it for ₹56. What is the profit on one (in ₹)?
  32. 32.It costs ₹20 to make one friendship band. Meera sells it for ₹22. What is the profit on one (in ₹)?
  33. 33.One jute bag costs ₹52 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “what you paid for it” is the selling price. (a) True (b) False
  35. 35.Diya makes 18 glasses of chai at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  36. 36.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  37. 37.It costs ₹61 to make one jute bag. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?
  38. 38.It costs ₹21 to make one paper bookmark. On the last day Ishaan sells it for only ₹19. How much is the loss on one (in ₹)?
  39. 39.It costs ₹7 to make one potted plant. Meera sells it for ₹24. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. what it cost you
  2. SP less than CP
  3. 18
  4. True
  5. False
  6. True
  7. 75
  8. cost price
  9. SP more than CP
  10. 34
  11. 8
  12. 23
  13. 14
  14. 2
  15. cost price
  16. 71
  17. 10
  18. True
  19. 15
  20. 125
  21. 26
  22. 4
  23. 13
  24. 350
  25. 20
  26. Loss
  27. 3
  28. Loss
  29. 4
  30. 29
  31. 14
  32. 2
  33. 65
  34. False
  35. 126
  36. what the buyer pays
  37. 4
  38. 2
  39. 17
  40. selling price

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