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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 805 · 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.It costs ₹13 to make one paper bookmark. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.True or false: “the price you sell at” is the cost price. (a) True (b) False
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  5. 5.True or false: “money got from a sale” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  7. 7.True or false: “money spent to get it” is the cost price. (a) True (b) False
  8. 8.One handmade card costs ₹27 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹59 to make one friendship band. On the last day Diya sells it for only ₹50. How much is the loss on one (in ₹)?
  10. 10.One cup of lemonade costs ₹35 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.One fruit cup costs Saanvi ₹31 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.Joseph makes 12 jute bags at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.It costs ₹35 to make one handmade card. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  17. 17.Vihaan makes 14 clay diyas at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  18. 18.One cup of lemonade costs Farhan ₹25 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹45 to make one painted pebble. On the last day Saanvi sells it for only ₹37. How much is the loss on one (in ₹)?
  20. 20.It costs ₹33 to make one jute bag. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  21. 21.It costs ₹58 to make one painted pebble. On the last day Rohan sells it for only ₹48. How much is the loss on one (in ₹)?
  22. 22.True or false: “what a customer pays” is the cost price. (a) True (b) False
  23. 23.It costs ₹22 to make one cup of lemonade. Joseph sells it for ₹27. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.One clay diya costs ₹14 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹43 to make one clay diya. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹33 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹19 to make one friendship band. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.One cupcake costs ₹42 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  31. 31.One painted pebble costs ₹19 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  32. 32.Lakshmi makes 6 friendship bands at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  33. 33.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.Lakshmi makes 10 bags of popcorn at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  38. 38.It costs ₹9 to make one friendship band. Vihaan sells it for ₹10. What is the profit on one (in ₹)?
  39. 39.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  40. 40.It costs ₹40 to make one fruit cup. Dev sells it for ₹59. What is the profit on one (in ₹)?

Answer key

  1. 5
  2. cost price
  3. False
  4. True
  5. False
  6. selling price
  7. True
  8. 33
  9. 9
  10. 39
  11. Profit
  12. 60
  13. what the buyer pays
  14. True
  15. cost price
  16. 19
  17. 70
  18. Loss
  19. 8
  20. 1
  21. 10
  22. False
  23. 5
  24. cost price
  25. 15
  26. 3
  27. 39
  28. 2
  29. True
  30. 45
  31. 30
  32. 12
  33. SP more than CP
  34. cost price
  35. selling price
  36. 20
  37. what it cost you
  38. 1
  39. SP less than CP
  40. 19

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