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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 709 · 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.True or false: “cost of making one” is the selling price. (a) True (b) False
  2. 2.It costs ₹19 to make one cupcake. On the last day Ananya sells it for only ₹16. How much is the loss on one (in ₹)?
  3. 3.Meera makes 8 handmade cards at a cost of ₹24 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  5. 5.One cup of lemonade costs Kabir ₹44 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.One clay diya costs ₹36 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.It costs ₹12 to make one clay diya. Lakshmi sells it for ₹13. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
  12. 12.One handmade card costs ₹42 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) True (b) False
  14. 14.True or false: “what you paid for it” is the selling price. (a) False (b) True
  15. 15.Meera makes 5 jute bags at a cost of ₹34 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  18. 18.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  19. 19.One handmade card costs Saanvi ₹19 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹57 to make one clay diya. Meera sells it for ₹64. What is the profit on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.It costs ₹40 to make one jute bag. Vihaan sells it for ₹45. What is the profit on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
  24. 24.One friendship band costs ₹5 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  25. 25.One painted pebble costs Joseph ₹41 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One fruit cup costs ₹27 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.One bag of popcorn costs ₹22 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.Saanvi makes 6 glasses of chai at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.Saanvi makes 15 cups of lemonade at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  31. 31.Diya makes 29 glasses of chai at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  33. 33.It costs ₹49 to make one cupcake. Aarav sells it for ₹58. What is the profit on one (in ₹)?
  34. 34.One cupcake costs ₹18 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  35. 35.One friendship band costs ₹48 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹55 to make one potted plant. On the last day Farhan sells it for only ₹54. How much is the loss on one (in ₹)?
  37. 37.It costs ₹17 to make one cupcake. Rohan sells it for ₹34. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs ₹6 to make. Lakshmi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  39. 39.One friendship band costs Zoya ₹22 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss

Answer key

  1. False
  2. 3
  3. 32
  4. False
  5. Loss
  6. 51
  7. cost price
  8. selling price
  9. 1
  10. selling price
  11. True
  12. 44
  13. True
  14. False
  15. 50
  16. selling price
  17. what it cost you
  18. SP less than CP
  19. Loss
  20. 7
  21. True
  22. 5
  23. False
  24. 24
  25. Profit
  26. 29
  27. 25
  28. 36
  29. cost price
  30. 45
  31. 58
  32. cost price
  33. 9
  34. 36
  35. 63
  36. 1
  37. 17
  38. 13
  39. Loss
  40. what the buyer pays

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