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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 648 · 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.It costs ₹52 to make one clay diya. Meera sells it for ₹57. What is the profit on one (in ₹)?
  2. 2.One jute bag costs Aarav ₹55 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.True or false: “the price you sell at” is the selling price. (a) False (b) True
  7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
  8. 8.It costs ₹35 to make one paper bookmark. Kavya sells it for ₹45. What is the profit on one (in ₹)?
  9. 9.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  12. 12.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  13. 13.One glass of chai costs Kavya ₹40 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.Riya makes 21 cupcakes at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  17. 17.One cup of lemonade costs Kabir ₹54 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.One friendship band costs ₹52 to make. Kavya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹14 to make one handmade card. Farhan sells it for ₹21. What is the profit on one (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  21. 21.Zoya makes 30 potted plants at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.It costs ₹41 to make one bag of popcorn. On the last day Ananya sells it for only ₹34. How much is the loss on one (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) True (b) False
  25. 25.True or false: “money got from a sale” is the selling price. (a) False (b) True
  26. 26.True or false: “the price on your board” is the selling price. (a) False (b) True
  27. 27.One jute bag costs ₹40 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  28. 28.Dev makes 7 handmade cards at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  29. 29.Lakshmi makes 16 jute bags at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  30. 30.One potted plant costs Diya ₹42 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  32. 32.One cupcake costs Vihaan ₹46 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  34. 34.One cup of lemonade costs Rohan ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.It costs ₹45 to make one fruit cup. On the last day Joseph sells it for only ₹37. How much is the loss on one (in ₹)?
  37. 37.True or false: “money got from a sale” is the cost price. (a) True (b) False
  38. 38.True or false: “cost of making one” is the selling price. (a) True (b) False
  39. 39.It costs ₹12 to make one painted pebble. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  40. 40.One jute bag costs ₹13 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. 5
  2. Loss
  3. False
  4. selling price
  5. cost price
  6. True
  7. False
  8. 10
  9. SP more than CP
  10. cost price
  11. SP less than CP
  12. what the buyer pays
  13. Loss
  14. selling price
  15. False
  16. 315
  17. Loss
  18. 70
  19. 7
  20. True
  21. 60
  22. True
  23. 7
  24. True
  25. True
  26. True
  27. 48
  28. 77
  29. 32
  30. Loss
  31. selling price
  32. Loss
  33. what it cost you
  34. Profit
  35. cost price
  36. 8
  37. False
  38. False
  39. 7
  40. 25

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