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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 64 · 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.True or false: “what you paid for it” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.One cup of lemonade costs Aarav ₹18 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.It costs ₹5 to make one clay diya. Diya sells it for ₹20. What is the profit on one (in ₹)?
  7. 7.It costs ₹23 to make one paper bookmark. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  8. 8.One paper bookmark costs ₹38 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹24 to make one jute bag. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  10. 10.It costs ₹33 to make one paper bookmark. Lakshmi sells it for ₹34. What is the profit on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.One handmade card costs ₹14 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹45 to make one cup of lemonade. On the last day Aarav sells it for only ₹38. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  18. 18.It costs ₹46 to make one paper bookmark. On the last day Saanvi sells it for only ₹38. How much is the loss on one (in ₹)?
  19. 19.It costs ₹46 to make one glass of chai. On the last day Riya sells it for only ₹45. How much is the loss on one (in ₹)?
  20. 20.True or false: “what you paid for it” is the cost price. (a) True (b) False
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  23. 23.One handmade card costs ₹51 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  24. 24.One handmade card costs ₹6 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.Arjun makes 22 clay diyas at a cost of ₹31 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  26. 26.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  27. 27.It costs ₹51 to make one bag of popcorn. On the last day Arjun sells it for only ₹47. How much is the loss on one (in ₹)?
  28. 28.It costs ₹51 to make one handmade card. Riya sells it for ₹70. What is the profit on one (in ₹)?
  29. 29.Saanvi makes 13 friendship bands at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  30. 30.Diya makes 5 friendship bands at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.It costs ₹29 to make one handmade card. On the last day Aarav sells it for only ₹22. How much is the loss on one (in ₹)?
  32. 32.One fruit cup costs Joseph ₹47 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹18 to make one paper bookmark. Meera sells it for ₹20. What is the profit on one (in ₹)?
  34. 34.It costs ₹21 to make one painted pebble. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  35. 35.One paper bookmark costs Dev ₹34 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹68 to make one friendship band. On the last day Dev sells it for only ₹60. How much is the loss on one (in ₹)?
  37. 37.One glass of chai costs ₹8 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.It costs ₹41 to make one cup of lemonade. Aarav sells it for ₹47. What is the profit on one (in ₹)?

Answer key

  1. False
  2. selling price
  3. Loss
  4. cost price
  5. True
  6. 15
  7. 1
  8. 42
  9. 3
  10. 1
  11. True
  12. selling price
  13. cost price
  14. 27
  15. 7
  16. cost price
  17. what the buyer pays
  18. 8
  19. 1
  20. True
  21. cost price
  22. what it cost you
  23. 65
  24. 7
  25. 330
  26. SP less than CP
  27. 4
  28. 19
  29. 195
  30. 40
  31. 7
  32. Profit
  33. 2
  34. 1
  35. Loss
  36. 8
  37. 17
  38. False
  39. selling price
  40. 6

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