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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 688 · 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 ₹14 to make one potted plant. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.One friendship band costs ₹29 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “what you paid for it” is the selling price. (a) True (b) False
  5. 5.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  6. 6.One cup of lemonade costs Lakshmi ₹28 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.It costs ₹32 to make one paper bookmark. Meera sells it for ₹48. What is the profit on one (in ₹)?
  9. 9.One friendship band costs Gurpreet ₹26 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹9 to make one jute bag. Riya sells it for ₹22. What is the profit on one (in ₹)?
  12. 12.It costs ₹38 to make one glass of chai. On the last day Gurpreet sells it for only ₹31. How much is the loss on one (in ₹)?
  13. 13.One friendship band costs ₹59 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.One jute bag costs ₹54 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  18. 18.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  19. 19.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  20. 20.It costs ₹10 to make one potted plant. On the last day Ishaan sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.Ananya makes 23 clay diyas at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  22. 22.Dev makes 24 clay diyas at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  23. 23.It costs ₹30 to make one paper bookmark. Rohan sells it for ₹34. What is the profit on one (in ₹)?
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.True or false: “cost of making one” is the selling price. (a) False (b) True
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.Joseph makes 30 painted pebbles at a cost of ₹10 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  28. 28.It costs ₹23 to make one cupcake. On the last day Arjun sells it for only ₹19. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.True or false: “money spent to get it” is the selling price. (a) False (b) True
  32. 32.It costs ₹37 to make one bag of popcorn. Joseph sells it for ₹40. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs ₹28 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.One friendship band costs Saanvi ₹46 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One cupcake costs ₹31 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.One handmade card costs ₹57 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹15 to make one bag of popcorn. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the selling price. (a) True (b) False
  39. 39.One bag of popcorn costs ₹12 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  40. 40.One glass of chai costs ₹11 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. 7
  2. cost price
  3. 30
  4. False
  5. what the buyer pays
  6. Profit
  7. selling price
  8. 16
  9. Loss
  10. selling price
  11. 13
  12. 7
  13. 63
  14. True
  15. cost price
  16. 73
  17. SP less than CP
  18. what it cost you
  19. SP more than CP
  20. 4
  21. 115
  22. 168
  23. 4
  24. False
  25. False
  26. False
  27. 180
  28. 4
  29. selling price
  30. True
  31. False
  32. 3
  33. 36
  34. Loss
  35. 34
  36. 58
  37. 2
  38. True
  39. 23
  40. 13

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