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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 727 · 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: money spent to get it? (a) selling price (b) cost price
  2. 2.One fruit cup costs ₹39 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  3. 3.One handmade card costs Aarav ₹24 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  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.Ananya makes 9 friendship bands at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.It costs ₹38 to make one potted plant. Meera sells it for ₹41. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  10. 10.One handmade card costs Meera ₹20 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.One clay diya costs ₹29 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  17. 17.Tara makes 13 cupcakes at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  18. 18.One painted pebble costs ₹11 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.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 ₹)?
  21. 21.True or false: “the price you sell at” is the selling price. (a) True (b) False
  22. 22.It costs ₹35 to make one potted plant. Lakshmi sells it for ₹52. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.Ananya makes 26 jute bags at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  26. 26.One handmade card costs ₹56 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹5 to make one glass of chai. Riya sells it for ₹15. What is the profit on one (in ₹)?
  28. 28.It costs ₹22 to make one jute bag. On the last day Kabir sells it for only ₹20. How much is the loss on one (in ₹)?
  29. 29.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.Ananya makes 16 clay diyas at a cost of ₹9 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  32. 32.Ishaan makes 30 friendship bands at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  33. 33.Meera makes 26 cups of lemonade at a cost of ₹8 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  34. 34.One painted pebble costs Ananya ₹48 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹66 to make one paper bookmark. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  36. 36.One handmade card costs Nisha ₹51 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One handmade card costs Saanvi ₹19 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹48 to make one potted plant. On the last day Kabir sells it for only ₹42. How much is the loss on one (in ₹)?
  39. 39.One cupcake costs Kabir ₹37 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One clay diya costs Zoya ₹39 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 51
  3. Profit
  4. SP less than CP
  5. 99
  6. True
  7. 3
  8. cost price
  9. what the buyer pays
  10. Loss
  11. selling price
  12. cost price
  13. 42
  14. what it cost you
  15. False
  16. selling price
  17. 39
  18. 12
  19. False
  20. 3
  21. True
  22. 17
  23. cost price
  24. selling price
  25. 286
  26. 66
  27. 10
  28. 2
  29. SP more than CP
  30. True
  31. 48
  32. 60
  33. 208
  34. Profit
  35. 10
  36. Profit
  37. Loss
  38. 6
  39. Loss
  40. Loss

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