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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 73 · 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.

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  1. 1.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  2. 2.It costs ₹25 to make one friendship band. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.True or false: “cost of making one” is the selling price. (a) False (b) True
  7. 7.True or false: “the price on your board” is the cost price. (a) False (b) True
  8. 8.True or false: “money spent to get it” is the selling price. (a) False (b) True
  9. 9.One cupcake costs Kavya ₹33 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.Kavya makes 22 jute bags at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  11. 11.It costs ₹29 to make one handmade card. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  13. 13.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  14. 14.One fruit cup costs Ananya ₹54 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.One handmade card costs ₹33 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.It costs ₹20 to make one glass of chai. Dev sells it for ₹32. What is the profit on one (in ₹)?
  18. 18.True or false: “cost of making one” is the cost price. (a) False (b) True
  19. 19.One jute bag costs ₹34 to make. Riya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹13 to make one cup of lemonade. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  21. 21.Nisha makes 13 clay diyas at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  22. 22.It costs ₹12 to make one potted plant. On the last day Gurpreet sells it for only ₹6. How much is the loss on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.One bag of popcorn costs ₹48 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.One jute bag costs ₹57 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.Kabir makes 10 handmade cards at a cost of ₹17 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  28. 28.It costs ₹13 to make one glass of chai. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  29. 29.Joseph makes 20 paper bookmarks at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  30. 30.It costs ₹49 to make one fruit cup. Saanvi sells it for ₹57. What is the profit on one (in ₹)?
  31. 31.It costs ₹30 to make one handmade card. On the last day Farhan sells it for only ₹20. How much is the loss on one (in ₹)?
  32. 32.One bag of popcorn costs ₹18 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.One friendship band costs ₹8 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “the price you sell at” is the selling price. (a) True (b) False
  35. 35.Lakshmi makes 11 handmade cards at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.Riya makes 11 paper bookmarks at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  40. 40.One paper bookmark costs Zoya ₹49 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. selling price
  2. 8
  3. False
  4. what it cost you
  5. cost price
  6. False
  7. False
  8. False
  9. Profit
  10. 154
  11. 4
  12. SP more than CP
  13. SP less than CP
  14. Loss
  15. 51
  16. selling price
  17. 12
  18. True
  19. 48
  20. 6
  21. 117
  22. 6
  23. False
  24. cost price
  25. 61
  26. 69
  27. 120
  28. 5
  29. 40
  30. 8
  31. 10
  32. 19
  33. 20
  34. True
  35. 165
  36. cost price
  37. False
  38. selling price
  39. 33
  40. Loss

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