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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 748 · 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 means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.One handmade card costs ₹56 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  5. 5.Kabir makes 29 fruit cups at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  6. 6.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  7. 7.One jute bag costs Zoya ₹39 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.Zoya makes 7 clay diyas at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  9. 9.It costs ₹25 to make one bag of popcorn. On the last day Nisha sells it for only ₹21. How much is the loss on one (in ₹)?
  10. 10.Kabir makes 12 bags of popcorn at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  11. 11.True or false: “what you paid for it” is the cost price. (a) True (b) False
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.It costs ₹60 to make one clay diya. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  16. 16.It costs ₹46 to make one jute bag. On the last day Kavya sells it for only ₹41. How much is the loss on one (in ₹)?
  17. 17.True or false: “cost of making one” is the selling price. (a) False (b) True
  18. 18.It costs ₹22 to make one handmade card. Zoya sells it for ₹24. What is the profit on one (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.True or false: “money spent to get it” is the selling price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.One clay diya costs ₹47 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.One handmade card costs ₹15 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹17 to make one potted plant. On the last day Ananya sells it for only ₹7. How much is the loss on one (in ₹)?
  27. 27.It costs ₹34 to make one bag of popcorn. On the last day Vihaan sells it for only ₹31. How much is the loss on one (in ₹)?
  28. 28.It costs ₹32 to make one potted plant. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  29. 29.It costs ₹50 to make one cupcake. On the last day Arjun sells it for only ₹42. How much is the loss on one (in ₹)?
  30. 30.It costs ₹36 to make one glass of chai. Ananya sells it for ₹46. What is the profit on one (in ₹)?
  31. 31.One glass of chai costs Meera ₹19 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One paper bookmark costs Dev ₹25 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹58 to make one paper bookmark. On the last day Meera sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.It costs ₹21 to make one handmade card. Meera sells it for ₹40. What is the profit on one (in ₹)?
  35. 35.Rohan makes 23 painted pebbles at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  36. 36.One friendship band costs ₹58 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “money got from a sale” is the cost price. (a) True (b) False
  38. 38.One glass of chai costs ₹32 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  39. 39.One clay diya costs Ishaan ₹41 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP

Answer key

  1. what it cost you
  2. selling price
  3. cost price
  4. 72
  5. 203
  6. what the buyer pays
  7. Loss
  8. 49
  9. 4
  10. 168
  11. True
  12. True
  13. True
  14. 6
  15. SP more than CP
  16. 5
  17. False
  18. 2
  19. False
  20. True
  21. False
  22. cost price
  23. 61
  24. cost price
  25. 17
  26. 10
  27. 3
  28. 19
  29. 8
  30. 10
  31. Profit
  32. Profit
  33. 3
  34. 19
  35. 161
  36. 75
  37. False
  38. 36
  39. Profit
  40. SP less than CP

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