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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 735 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  3. 3.One potted plant costs ₹30 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  5. 5.One jute bag costs ₹60 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.It costs ₹18 to make one glass of chai. Dev sells it for ₹21. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  9. 9.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  10. 10.It costs ₹35 to make one potted plant. Gurpreet sells it for ₹40. What is the profit on one (in ₹)?
  11. 11.It costs ₹18 to make one handmade card. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  12. 12.It costs ₹15 to make one paper bookmark. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  13. 13.Zoya makes 5 handmade cards at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.One bag of popcorn costs ₹29 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  16. 16.One handmade card costs Ishaan ₹58 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One glass of chai costs ₹56 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.One friendship band costs Ishaan ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹11 to make one friendship band. On the last day Meera sells it for only ₹6. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  22. 22.One painted pebble costs ₹39 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹10 to make one cupcake. Lakshmi sells it for ₹28. What is the profit on one (in ₹)?
  24. 24.True or false: “the price on your board” is the cost price. (a) False (b) True
  25. 25.It costs ₹17 to make one cupcake. Dev sells it for ₹23. What is the profit on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the selling price. (a) False (b) True
  27. 27.Tara makes 12 friendship bands at a cost of ₹40 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  28. 28.One bag of popcorn costs Aarav ₹43 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  31. 31.One painted pebble costs ₹40 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.One fruit cup costs ₹53 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  33. 33.Rohan makes 24 clay diyas at a cost of ₹10 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.True or false: “the price on your board” is the selling price. (a) True (b) False
  35. 35.One cup of lemonade costs ₹14 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  36. 36.One potted plant costs Ananya ₹33 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  39. 39.Ishaan makes 8 glasses of chai at a cost of ₹37 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  40. 40.It costs ₹50 to make one bag of popcorn. Riya sells it for ₹59. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. what the buyer pays
  3. 42
  4. True
  5. 67
  6. True
  7. 3
  8. what it cost you
  9. SP more than CP
  10. 5
  11. 5
  12. 7
  13. 5
  14. cost price
  15. 31
  16. Profit
  17. 76
  18. Loss
  19. 5
  20. selling price
  21. selling price
  22. 43
  23. 18
  24. False
  25. 6
  26. True
  27. 24
  28. Profit
  29. cost price
  30. cost price
  31. 51
  32. 72
  33. 240
  34. True
  35. 32
  36. Profit
  37. SP less than CP
  38. selling price
  39. 112
  40. 9

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