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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 737 · 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 price you sell at? (a) cost price (b) selling price
  2. 2.One jute bag costs ₹34 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹27 to make one friendship band. Diya sells it for ₹29. What is the profit on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  5. 5.True or false: “money spent to get it” is the cost price. (a) True (b) False
  6. 6.Lakshmi makes 17 clay diyas at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) True (b) False
  8. 8.One cup of lemonade costs ₹12 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  9. 9.One cupcake costs Kabir ₹23 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.Diya makes 11 glasses of chai at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  15. 15.It costs ₹39 to make one cupcake. On the last day Diya sells it for only ₹36. How much is the loss on one (in ₹)?
  16. 16.One potted plant costs ₹42 to make. Gurpreet wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  17. 17.Farhan makes 13 glasses of chai at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  18. 18.True or false: “the price on your board” is the cost price. (a) False (b) True
  19. 19.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  20. 20.One paper bookmark costs ₹24 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹14 to make one paper bookmark. On the last day Gurpreet sells it for only ₹8. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.One painted pebble costs Arjun ₹29 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Riya makes 23 bags of popcorn at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  27. 27.It costs ₹55 to make one paper bookmark. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs Riya ₹20 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.One paper bookmark costs ₹56 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹35 to make one potted plant. On the last day Arjun sells it for only ₹33. How much is the loss on one (in ₹)?
  32. 32.Saanvi makes 6 painted pebbles at a cost of ₹18 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.True or false: “money spent to get it” is the selling price. (a) False (b) True
  34. 34.One cupcake costs Aarav ₹22 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹8 to make one paper bookmark. Gurpreet sells it for ₹20. What is the profit on one (in ₹)?
  36. 36.One cupcake costs ₹60 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹28 to make one paper bookmark. On the last day Meera sells it for only ₹27. How much is the loss on one (in ₹)?
  38. 38.It costs ₹57 to make one glass of chai. Zoya sells it for ₹60. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs Tara ₹30 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. selling price
  2. 41
  3. 2
  4. SP less than CP
  5. True
  6. 238
  7. True
  8. 15
  9. Loss
  10. 11
  11. False
  12. cost price
  13. selling price
  14. what it cost you
  15. 3
  16. 50
  17. 104
  18. False
  19. what the buyer pays
  20. 36
  21. 6
  22. selling price
  23. False
  24. Profit
  25. 230
  26. cost price
  27. 4
  28. Loss
  29. cost price
  30. 62
  31. 2
  32. 60
  33. False
  34. Profit
  35. 12
  36. 63
  37. 1
  38. 3
  39. Loss
  40. True

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