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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 795 · 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.True or false: “cost of making one” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.It costs ₹43 to make one jute bag. Joseph sells it for ₹49. What is the profit on one (in ₹)?
  4. 4.Nisha makes 25 fruit cups at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  5. 5.Kavya makes 19 clay diyas at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) False (b) True
  7. 7.One jute bag costs ₹8 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.One paper bookmark costs ₹38 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  10. 10.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  12. 12.It costs ₹48 to make one paper bookmark. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  13. 13.Kabir makes 5 handmade cards at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  14. 14.It costs ₹18 to make one cup of lemonade. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  15. 15.It costs ₹55 to make one glass of chai. Aarav sells it for ₹60. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  17. 17.It costs ₹11 to make one glass of chai. Ananya sells it for ₹12. What is the profit on one (in ₹)?
  18. 18.It costs ₹41 to make one cup of lemonade. On the last day Riya sells it for only ₹31. How much is the loss on one (in ₹)?
  19. 19.It costs ₹37 to make one paper bookmark. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹34 to make. Vihaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹11 to make one cupcake. Meera sells it for ₹19. What is the profit on one (in ₹)?
  22. 22.It costs ₹26 to make one cupcake. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  23. 23.One cupcake costs ₹14 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
  25. 25.It costs ₹42 to make one glass of chai. Tara sells it for ₹51. What is the profit on one (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.True or false: “money spent to get it” is the cost price. (a) False (b) True
  28. 28.True or false: “what you paid for it” is the selling price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the cost price. (a) False (b) True
  30. 30.It costs ₹24 to make one paper bookmark. On the last day Rohan sells it for only ₹22. How much is the loss on one (in ₹)?
  31. 31.One paper bookmark costs Farhan ₹24 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.Aarav makes 20 handmade cards at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  35. 35.It costs ₹44 to make one clay diya. Diya sells it for ₹47. What is the profit on one (in ₹)?
  36. 36.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  37. 37.One jute bag costs ₹50 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  39. 39.One clay diya costs Kabir ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹61 to make one paper bookmark. On the last day Lakshmi sells it for only ₹60. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. selling price
  3. 6
  4. 250
  5. 152
  6. True
  7. 22
  8. selling price
  9. 46
  10. SP more than CP
  11. SP less than CP
  12. 3
  13. 10
  14. 2
  15. 5
  16. what it cost you
  17. 1
  18. 10
  19. 7
  20. 45
  21. 8
  22. 7
  23. 17
  24. False
  25. 9
  26. True
  27. True
  28. False
  29. True
  30. 2
  31. Profit
  32. True
  33. cost price
  34. 300
  35. 3
  36. what the buyer pays
  37. 55
  38. cost price
  39. Loss
  40. 1

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