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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 74 · 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 got from a sale? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.It costs ₹41 to make one friendship band. On the last day Kavya sells it for only ₹31. How much is the loss on one (in ₹)?
  4. 4.One paper bookmark costs ₹5 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  5. 5.One friendship band costs Farhan ₹17 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
  10. 10.One handmade card costs ₹35 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  11. 11.Aarav makes 24 paper bookmarks at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.It costs ₹51 to make one cupcake. On the last day Tara sells it for only ₹42. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.It costs ₹20 to make one cupcake. On the last day Aarav sells it for only ₹19. How much is the loss on one (in ₹)?
  18. 18.It costs ₹16 to make one fruit cup. Meera sells it for ₹22. What is the profit on one (in ₹)?
  19. 19.Vihaan makes 26 handmade cards at a cost of ₹12 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  20. 20.True or false: “what you paid for it” is the selling price. (a) True (b) False
  21. 21.One painted pebble costs ₹55 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.It costs ₹61 to make one clay diya. On the last day Nisha sells it for only ₹55. How much is the loss on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.One potted plant costs ₹48 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹43 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹33. How much is the loss on one (in ₹)?
  27. 27.Ishaan makes 16 glasses of chai at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  28. 28.It costs ₹61 to make one bag of popcorn. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  29. 29.One potted plant costs Diya ₹34 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One cup of lemonade costs ₹55 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  32. 32.One fruit cup costs ₹43 to make. Nisha wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹17 to make one jute bag. On the last day Farhan sells it for only ₹15. How much is the loss on one (in ₹)?
  34. 34.One glass of chai costs Joseph ₹26 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  37. 37.It costs ₹47 to make one friendship band. Farhan sells it for ₹58. What is the profit on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the cost price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  40. 40.One paper bookmark costs ₹11 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. selling price
  3. 10
  4. 7
  5. Profit
  6. True
  7. SP less than CP
  8. selling price
  9. True
  10. 54
  11. 72
  12. selling price
  13. SP more than CP
  14. cost price
  15. 9
  16. cost price
  17. 1
  18. 6
  19. 234
  20. False
  21. 68
  22. False
  23. 6
  24. True
  25. 60
  26. 10
  27. 128
  28. 6
  29. Profit
  30. 65
  31. False
  32. 60
  33. 2
  34. Loss
  35. False
  36. what it cost you
  37. 11
  38. False
  39. cost price
  40. 30

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