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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 726 · 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.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  2. 2.Rohan makes 23 painted pebbles at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  3. 3.It costs ₹56 to make one jute bag. On the last day Farhan sells it for only ₹52. How much is the loss on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  5. 5.One cup of lemonade costs ₹6 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.One handmade card costs Diya ₹52 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.One cupcake costs Kavya ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.One cupcake costs ₹13 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) False (b) True
  16. 16.One clay diya costs ₹47 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  17. 17.One cup of lemonade costs ₹29 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  20. 20.Ananya makes 25 paper bookmarks at a cost of ₹17 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  21. 21.One handmade card costs ₹48 to make. Kavya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹12 to make one cup of lemonade. On the last day Vihaan sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  24. 24.One fruit cup costs Nisha ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.It costs ₹24 to make one paper bookmark. Dev sells it for ₹39. What is the profit on one (in ₹)?
  27. 27.One potted plant costs Tara ₹36 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  29. 29.It costs ₹37 to make one paper bookmark. Kavya sells it for ₹57. What is the profit on one (in ₹)?
  30. 30.One glass of chai costs ₹8 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.It costs ₹48 to make one jute bag. Saanvi sells it for ₹62. What is the profit on one (in ₹)?
  33. 33.One cupcake costs Farhan ₹29 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One friendship band costs Ishaan ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹45 to make one handmade card. Arjun sells it for ₹60. What is the profit on one (in ₹)?
  36. 36.It costs ₹22 to make one bag of popcorn. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  37. 37.It costs ₹21 to make one friendship band. Tara sells it for ₹23. What is the profit on one (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.One handmade card costs ₹21 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  40. 40.One friendship band costs Kabir ₹45 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 46
  3. 4
  4. SP less than CP
  5. 20
  6. cost price
  7. selling price
  8. cost price
  9. False
  10. Loss
  11. selling price
  12. Profit
  13. False
  14. 29
  15. False
  16. 54
  17. 35
  18. False
  19. True
  20. 275
  21. 66
  22. 3
  23. SP more than CP
  24. Loss
  25. cost price
  26. 15
  27. Profit
  28. what it cost you
  29. 20
  30. 14
  31. selling price
  32. 14
  33. Loss
  34. Loss
  35. 15
  36. 1
  37. 2
  38. True
  39. 38
  40. Loss

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