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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 821 · 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.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  2. 2.Dev makes 26 handmade cards at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  3. 3.It costs ₹14 to make one glass of chai. On the last day Diya sells it for only ₹10. How much is the loss on one (in ₹)?
  4. 4.True or false: “the price you sell at” is the selling price. (a) False (b) True
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.Saanvi makes 22 jute bags at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.Aarav makes 27 handmade cards at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  11. 11.One bag of popcorn costs ₹10 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  12. 12.One cup of lemonade costs ₹46 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹61 to make one paper bookmark. On the last day Tara sells it for only ₹60. How much is the loss on one (in ₹)?
  14. 14.One friendship band costs ₹6 to make. Ananya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.It costs ₹23 to make one handmade card. On the last day Diya sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.It costs ₹56 to make one cupcake. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  20. 20.It costs ₹49 to make one jute bag. Nisha sells it for ₹68. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  23. 23.It costs ₹30 to make one handmade card. Rohan sells it for ₹47. What is the profit on one (in ₹)?
  24. 24.One friendship band costs Joseph ₹56 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹60 to make one bag of popcorn. Nisha sells it for ₹75. What is the profit on one (in ₹)?
  26. 26.It costs ₹13 to make one glass of chai. Gurpreet sells it for ₹20. What is the profit on one (in ₹)?
  27. 27.It costs ₹45 to make one bag of popcorn. Tara sells it for ₹51. What is the profit on one (in ₹)?
  28. 28.It costs ₹43 to make one painted pebble. Vihaan sells it for ₹49. What is the profit on one (in ₹)?
  29. 29.It costs ₹42 to make one handmade card. Ananya sells it for ₹60. What is the profit on one (in ₹)?
  30. 30.One friendship band costs Saanvi ₹20 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.It costs ₹32 to make one bag of popcorn. On the last day Riya sells it for only ₹28. How much is the loss on one (in ₹)?
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.One clay diya costs Saanvi ₹29 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One fruit cup costs ₹8 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹25 to make one cup of lemonade. Nisha sells it for ₹27. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  39. 39.Saanvi makes 9 clay diyas at a cost of ₹23 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  40. 40.It costs ₹11 to make one potted plant. On the last day Aarav sells it for only ₹8. How much is the loss on one (in ₹)?

Answer key

  1. what the buyer pays
  2. 286
  3. 4
  4. True
  5. True
  6. SP less than CP
  7. selling price
  8. 132
  9. cost price
  10. 324
  11. 23
  12. 53
  13. 1
  14. 17
  15. cost price
  16. 4
  17. 2
  18. True
  19. what it cost you
  20. 19
  21. cost price
  22. SP more than CP
  23. 17
  24. Loss
  25. 15
  26. 7
  27. 6
  28. 6
  29. 18
  30. Profit
  31. cost price
  32. False
  33. 4
  34. True
  35. Loss
  36. 25
  37. 2
  38. selling price
  39. 45
  40. 3

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