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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 706 · 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 friendship band costs ₹55 to make. Zoya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
  3. 3.One painted pebble costs Lakshmi ₹38 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.It costs ₹36 to make one painted pebble. On the last day Joseph sells it for only ₹27. How much is the loss on one (in ₹)?
  5. 5.Riya makes 30 clay diyas at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  6. 6.It costs ₹51 to make one clay diya. Kavya sells it for ₹61. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  8. 8.It costs ₹52 to make one jute bag. On the last day Arjun sells it for only ₹43. How much is the loss on one (in ₹)?
  9. 9.It costs ₹28 to make one bag of popcorn. On the last day Nisha sells it for only ₹18. How much is the loss on one (in ₹)?
  10. 10.Rohan makes 17 clay diyas at a cost of ₹29 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  11. 11.True or false: “cost of making one” is the cost price. (a) False (b) True
  12. 12.One bag of popcorn costs ₹7 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  13. 13.Vihaan makes 19 jute bags at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  14. 14.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.One cup of lemonade costs ₹52 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.True or false: “money got from a sale” is the cost price. (a) False (b) True
  21. 21.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.Nisha makes 19 friendship bands at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  25. 25.One bag of popcorn costs ₹28 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  26. 26.One bag of popcorn costs Ishaan ₹31 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One painted pebble costs ₹60 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.One handmade card costs ₹39 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  29. 29.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  31. 31.Rohan makes 17 glasses of chai at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  32. 32.One clay diya costs Vihaan ₹29 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “what you paid for it” is the cost price. (a) True (b) False
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.True or false: “the price you sell at” is the cost price. (a) False (b) True
  36. 36.Lakshmi makes 13 clay diyas at a cost of ₹15 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  37. 37.It costs ₹49 to make one painted pebble. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs Lakshmi ₹20 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹39 to make one painted pebble. Joseph sells it for ₹43. What is the profit on one (in ₹)?
  40. 40.One cupcake costs Nisha ₹38 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 67
  2. False
  3. Profit
  4. 9
  5. 150
  6. 10
  7. selling price
  8. 9
  9. 10
  10. 119
  11. True
  12. 8
  13. 247
  14. what the buyer pays
  15. True
  16. cost price
  17. 56
  18. what it cost you
  19. True
  20. False
  21. SP less than CP
  22. selling price
  23. cost price
  24. 133
  25. 47
  26. Loss
  27. 64
  28. 44
  29. SP more than CP
  30. cost price
  31. 204
  32. Loss
  33. True
  34. False
  35. False
  36. 182
  37. 15
  38. Loss
  39. 4
  40. Profit

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