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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 67 · 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.Saanvi makes 19 paper bookmarks at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.One friendship band costs Diya ₹26 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  6. 6.It costs ₹51 to make one paper bookmark. Rohan sells it for ₹66. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.One jute bag costs ₹12 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.True or false: “what you paid for it” is the cost price. (a) True (b) False
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.One glass of chai costs ₹14 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  16. 16.One clay diya costs Riya ₹22 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One bag of popcorn costs Meera ₹33 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.It costs ₹22 to make one paper bookmark. Joseph sells it for ₹27. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.Saanvi makes 17 jute bags at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  21. 21.Diya makes 8 cupcakes at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  22. 22.One handmade card costs ₹44 to make. Arjun wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹47 to make one painted pebble. On the last day Kavya sells it for only ₹46. How much is the loss on one (in ₹)?
  24. 24.It costs ₹39 to make one handmade card. Nisha sells it for ₹43. What is the profit on one (in ₹)?
  25. 25.True or false: “money spent to get it” is the selling price. (a) True (b) False
  26. 26.It costs ₹13 to make one painted pebble. Farhan sells it for ₹33. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹20 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.One clay diya costs ₹36 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  30. 30.One glass of chai costs ₹6 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  31. 31.Rohan makes 11 cupcakes at a cost of ₹38 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  32. 32.Vihaan makes 11 paper bookmarks at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.It costs ₹20 to make one handmade card. Ananya sells it for ₹31. What is the profit on one (in ₹)?
  34. 34.True or false: “money spent to get it” is the cost price. (a) False (b) True
  35. 35.It costs ₹6 to make one paper bookmark. Vihaan sells it for ₹17. What is the profit on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the cost price. (a) True (b) False
  37. 37.One bag of popcorn costs ₹5 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.Farhan makes 6 clay diyas at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.It costs ₹6 to make one cup of lemonade. Joseph sells it for ₹20. What is the profit on one (in ₹)?

Answer key

  1. 171
  2. cost price
  3. Loss
  4. what the buyer pays
  5. what it cost you
  6. 15
  7. cost price
  8. 18
  9. SP less than CP
  10. selling price
  11. True
  12. True
  13. False
  14. True
  15. 28
  16. Loss
  17. Profit
  18. 5
  19. cost price
  20. 51
  21. 56
  22. 51
  23. 1
  24. 4
  25. False
  26. 20
  27. 38
  28. 49
  29. False
  30. 26
  31. 44
  32. 77
  33. 11
  34. True
  35. 11
  36. False
  37. 7
  38. 6
  39. selling price
  40. 14

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