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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 742 · 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: what a customer pays? (a) selling price (b) cost price
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.Zoya makes 5 handmade cards at a cost of ₹8 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  7. 7.It costs ₹9 to make one cup of lemonade. Vihaan sells it for ₹27. 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.True or false: “the price you sell at” is the selling price. (a) True (b) False
  10. 10.Tara makes 16 handmade cards at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  11. 11.One cup of lemonade costs ₹59 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.It costs ₹51 to make one friendship band. Joseph sells it for ₹52. What is the profit on one (in ₹)?
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.Tara makes 14 painted pebbles at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  17. 17.Saanvi makes 13 paper bookmarks at a cost of ₹7 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  18. 18.One friendship band costs ₹43 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  19. 19.Dev makes 16 bags of popcorn at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  20. 20.One jute bag costs Ananya ₹43 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One cup of lemonade costs ₹18 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.One handmade card costs Aarav ₹22 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One handmade card costs Dev ₹32 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “money spent to get it” is the selling price. (a) False (b) True
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.Zoya makes 23 potted plants at a cost of ₹30 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  27. 27.One friendship band costs ₹7 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.One jute bag costs ₹14 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.Saanvi makes 25 glasses of chai at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  31. 31.One paper bookmark costs ₹7 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹19 to make one glass of chai. Farhan sells it for ₹28. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs Ananya ₹18 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  35. 35.It costs ₹20 to make one glass of chai. On the last day Tara sells it for only ₹15. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.Ananya makes 9 bags of popcorn at a cost of ₹10 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  38. 38.It costs ₹34 to make one painted pebble. Diya sells it for ₹52. What is the profit on one (in ₹)?
  39. 39.Ananya makes 16 cupcakes at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  40. 40.It costs ₹27 to make one clay diya. Nisha sells it for ₹32. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. what the buyer pays
  3. cost price
  4. cost price
  5. False
  6. 60
  7. 18
  8. cost price
  9. True
  10. 144
  11. 62
  12. False
  13. selling price
  14. 1
  15. False
  16. 84
  17. 104
  18. 60
  19. 224
  20. Profit
  21. 23
  22. Profit
  23. Profit
  24. False
  25. False
  26. 138
  27. 26
  28. 25
  29. True
  30. 200
  31. 10
  32. 9
  33. Loss
  34. SP more than CP
  35. 5
  36. selling price
  37. 81
  38. 18
  39. 144
  40. 5

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