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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 690 · 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.One jute bag costs Meera ₹25 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.One friendship band costs ₹42 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  5. 5.True or false: “cost of making one” is the selling price. (a) True (b) False
  6. 6.Meera makes 24 glasses of chai at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  7. 7.It costs ₹8 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  8. 8.True or false: “what a customer pays” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.True or false: “the price you sell at” is the cost price. (a) False (b) True
  11. 11.One paper bookmark costs Riya ₹28 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹39 to make one fruit cup. Meera sells it for ₹43. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹13 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  14. 14.One bag of popcorn costs Kabir ₹51 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One handmade card costs ₹59 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.True or false: “money got from a sale” is the selling price. (a) True (b) False
  18. 18.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  19. 19.It costs ₹32 to make one clay diya. Kavya sells it for ₹49. What is the profit on one (in ₹)?
  20. 20.True or false: “money spent to get it” is the cost price. (a) True (b) False
  21. 21.One bag of popcorn costs Aarav ₹26 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹8 to make one painted pebble. Arjun sells it for ₹22. What is the profit on one (in ₹)?
  23. 23.True or false: “money spent to get it” is the selling price. (a) False (b) True
  24. 24.One jute bag costs ₹22 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹7 to make one painted pebble. Ananya sells it for ₹27. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  27. 27.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  28. 28.One fruit cup costs ₹29 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.Kavya makes 30 cups of lemonade at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  30. 30.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  31. 31.It costs ₹45 to make one cupcake. On the last day Lakshmi sells it for only ₹35. How much is the loss on one (in ₹)?
  32. 32.Riya makes 13 jute bags at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.It costs ₹49 to make one painted pebble. Rohan sells it for ₹64. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹49 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹24 to make one glass of chai. On the last day Dev sells it for only ₹19. How much is the loss on one (in ₹)?
  36. 36.It costs ₹24 to make one cupcake. On the last day Vihaan sells it for only ₹18. How much is the loss on one (in ₹)?
  37. 37.One cupcake costs ₹28 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs ₹8 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. Loss
  2. cost price
  3. 50
  4. what it cost you
  5. False
  6. 24
  7. 3
  8. True
  9. selling price
  10. False
  11. Loss
  12. 4
  13. 26
  14. Profit
  15. 64
  16. selling price
  17. True
  18. SP more than CP
  19. 17
  20. True
  21. Profit
  22. 14
  23. False
  24. 26
  25. 20
  26. selling price
  27. what the buyer pays
  28. 45
  29. 30
  30. SP less than CP
  31. 10
  32. 26
  33. 15
  34. 55
  35. 5
  36. 6
  37. 46
  38. 28
  39. True
  40. cost price

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