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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 698 · 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.Aarav makes 18 paper bookmarks at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  2. 2.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  3. 3.It costs ₹20 to make one jute bag. Ishaan sells it for ₹38. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.One paper bookmark costs ₹18 to make. Farhan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹54 to make one handmade card. On the last day Aarav sells it for only ₹53. How much is the loss on one (in ₹)?
  10. 10.True or false: “the price you sell at” is the selling price. (a) False (b) True
  11. 11.One friendship band costs ₹17 to make. Kavya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “what you paid for it” is the selling price. (a) True (b) False
  15. 15.It costs ₹53 to make one fruit cup. On the last day Diya sells it for only ₹44. How much is the loss on one (in ₹)?
  16. 16.It costs ₹35 to make one cupcake. On the last day Dev sells it for only ₹33. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  19. 19.True or false: “money got from a sale” is the cost price. (a) True (b) False
  20. 20.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  21. 21.It costs ₹26 to make one cup of lemonade. Aarav sells it for ₹35. What is the profit on one (in ₹)?
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.One friendship band costs ₹20 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹40 to make one glass of chai. Kavya sells it for ₹41. What is the profit on one (in ₹)?
  25. 25.It costs ₹15 to make one glass of chai. Ananya sells it for ₹22. What is the profit on one (in ₹)?
  26. 26.It costs ₹24 to make one clay diya. Arjun sells it for ₹35. What is the profit on one (in ₹)?
  27. 27.One paper bookmark costs ₹43 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹9 to make one friendship band. Zoya sells it for ₹15. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.One friendship band costs ₹35 to make. Ananya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  32. 32.Joseph makes 22 handmade cards at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.Rohan makes 21 painted pebbles at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  34. 34.One glass of chai costs Kavya ₹27 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹21 to make one paper bookmark. Riya sells it for ₹27. What is the profit on one (in ₹)?
  36. 36.One clay diya costs Farhan ₹55 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “what a customer pays” is the cost price. (a) True (b) False
  38. 38.One clay diya costs Tara ₹59 to make and sells for ₹72. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One cup of lemonade costs Vihaan ₹25 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹22 to make one potted plant. Arjun sells it for ₹42. What is the profit on one (in ₹)?

Answer key

  1. 144
  2. what the buyer pays
  3. 18
  4. selling price
  5. cost price
  6. selling price
  7. cost price
  8. 34
  9. 1
  10. True
  11. 18
  12. cost price
  13. selling price
  14. False
  15. 9
  16. 2
  17. cost price
  18. SP less than CP
  19. False
  20. what it cost you
  21. 9
  22. True
  23. 29
  24. 1
  25. 7
  26. 11
  27. 52
  28. 6
  29. selling price
  30. 47
  31. SP more than CP
  32. 154
  33. 42
  34. Profit
  35. 6
  36. Profit
  37. False
  38. Profit
  39. Loss
  40. 20

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