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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 656 · 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 ₹20 to make one handmade card. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.It costs ₹8 to make one paper bookmark. On the last day Farhan sells it for only ₹7. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  8. 8.It costs ₹33 to make one handmade card. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  9. 9.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  10. 10.Aarav makes 20 glasses of chai at a cost of ₹24 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.Gurpreet makes 23 bags of popcorn at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  13. 13.It costs ₹7 to make one friendship band. Riya sells it for ₹8. What is the profit on one (in ₹)?
  14. 14.It costs ₹34 to make one friendship band. On the last day Aarav sells it for only ₹33. How much is the loss on one (in ₹)?
  15. 15.One potted plant costs ₹26 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “money got from a sale” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  19. 19.Zoya makes 15 friendship bands at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  20. 20.One cupcake costs ₹12 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹43 to make one paper bookmark. On the last day Ananya sells it for only ₹42. How much is the loss on one (in ₹)?
  22. 22.Aarav makes 7 friendship bands at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  23. 23.Ishaan makes 24 handmade cards at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.One friendship band costs ₹39 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹44 to make one potted plant. Riya sells it for ₹52. What is the profit on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.One cupcake costs Riya ₹46 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹56 to make one friendship band. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  30. 30.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.One painted pebble costs Nisha ₹20 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Nisha makes 21 paper bookmarks at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  35. 35.One bag of popcorn costs ₹17 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.One bag of popcorn costs ₹6 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  37. 37.One jute bag costs Aarav ₹24 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹34 to make one painted pebble. On the last day Kavya sells it for only ₹32. How much is the loss on one (in ₹)?
  39. 39.It costs ₹52 to make one potted plant. Aarav sells it for ₹63. What is the profit on one (in ₹)?
  40. 40.It costs ₹19 to make one fruit cup. Dev sells it for ₹23. What is the profit on one (in ₹)?

Answer key

  1. 7
  2. selling price
  3. cost price
  4. 1
  5. selling price
  6. cost price
  7. SP more than CP
  8. 19
  9. what the buyer pays
  10. 300
  11. 138
  12. what it cost you
  13. 1
  14. 1
  15. 28
  16. False
  17. cost price
  18. selling price
  19. 120
  20. 24
  21. 1
  22. 105
  23. 288
  24. True
  25. 56
  26. 8
  27. True
  28. Profit
  29. 12
  30. SP less than CP
  31. False
  32. Profit
  33. 21
  34. cost price
  35. 24
  36. 13
  37. Loss
  38. 2
  39. 11
  40. 4

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