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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 823 · 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.One handmade card costs ₹40 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  3. 3.One potted plant costs ₹8 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.It costs ₹13 to make one bag of popcorn. Rohan sells it for ₹17. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.One glass of chai costs Saanvi ₹37 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹36 to make one bag of popcorn. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  11. 11.It costs ₹24 to make one potted plant. On the last day Kabir sells it for only ₹23. How much is the loss on one (in ₹)?
  12. 12.True or false: “money spent to get it” is the selling price. (a) False (b) True
  13. 13.One friendship band costs ₹33 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  14. 14.One glass of chai costs ₹8 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  15. 15.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.It costs ₹55 to make one paper bookmark. Ananya sells it for ₹74. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.Lakshmi makes 8 handmade cards at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  20. 20.It costs ₹43 to make one friendship band. On the last day Ananya sells it for only ₹39. How much is the loss on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.One friendship band costs Nisha ₹50 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “cost of making one” is the selling price. (a) False (b) True
  24. 24.True or false: “the price on your board” is the cost 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.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  28. 28.Ishaan makes 26 clay diyas at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  29. 29.One glass of chai costs ₹13 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹58 to make one painted pebble. On the last day Ananya sells it for only ₹53. How much is the loss on one (in ₹)?
  31. 31.True or false: “the price you sell at” is the selling price. (a) False (b) True
  32. 32.One jute bag costs Meera ₹17 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Saanvi makes 29 cups of lemonade at a cost of ₹19 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.One clay diya costs Kabir ₹50 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One cupcake costs Gurpreet ₹30 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Dev makes 8 fruit cups at a cost of ₹8 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  37. 37.It costs ₹27 to make one potted plant. On the last day Gurpreet sells it for only ₹21. How much is the loss on one (in ₹)?
  38. 38.It costs ₹15 to make one friendship band. On the last day Nisha sells it for only ₹10. How much is the loss on one (in ₹)?
  39. 39.It costs ₹45 to make one cupcake. On the last day Aarav sells it for only ₹42. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price

Answer key

  1. 55
  2. SP less than CP
  3. 23
  4. cost price
  5. cost price
  6. 4
  7. what it cost you
  8. selling price
  9. Profit
  10. 12
  11. 1
  12. False
  13. 49
  14. 11
  15. SP more than CP
  16. cost price
  17. 19
  18. cost price
  19. 96
  20. 4
  21. True
  22. Loss
  23. False
  24. False
  25. False
  26. False
  27. what the buyer pays
  28. 104
  29. 21
  30. 5
  31. True
  32. Profit
  33. 29
  34. Loss
  35. Profit
  36. 96
  37. 6
  38. 5
  39. 3
  40. selling price

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