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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 826 · 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.Rohan makes 8 friendship bands at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  2. 2.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.One fruit cup costs ₹56 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹20 to make one paper bookmark. On the last day Farhan sells it for only ₹16. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.It costs ₹22 to make one jute bag. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  12. 12.One handmade card costs Diya ₹21 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “the price on your board” is the selling price. (a) False (b) True
  14. 14.Farhan makes 24 cups of lemonade at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  15. 15.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  16. 16.One paper bookmark costs ₹26 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  17. 17.One cupcake costs ₹26 to make. Diya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.Rohan makes 30 clay diyas at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.Aarav makes 17 paper bookmarks at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  22. 22.True or false: “what you paid for it” is the cost price. (a) True (b) False
  23. 23.True or false: “money spent to get it” is the selling price. (a) True (b) False
  24. 24.It costs ₹20 to make one clay diya. On the last day Kabir sells it for only ₹13. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.Saanvi makes 17 clay diyas at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  27. 27.It costs ₹43 to make one glass of chai. On the last day Gurpreet sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.One glass of chai costs ₹50 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  30. 30.One fruit cup costs ₹38 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹12 to make one potted plant. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  32. 32.One clay diya costs Rohan ₹27 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “what a customer pays” is the cost price. (a) True (b) False
  34. 34.One jute bag costs ₹29 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.One clay diya costs Kabir ₹23 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  37. 37.Saanvi makes 7 bags of popcorn at a cost of ₹38 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  38. 38.One handmade card costs ₹30 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  39. 39.One glass of chai costs Gurpreet ₹59 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. 16
  2. what the buyer pays
  3. selling price
  4. selling price
  5. 74
  6. 4
  7. cost price
  8. cost price
  9. False
  10. False
  11. 1
  12. Loss
  13. True
  14. 144
  15. SP less than CP
  16. 27
  17. 44
  18. False
  19. 300
  20. False
  21. 85
  22. True
  23. False
  24. 7
  25. selling price
  26. 102
  27. 5
  28. cost price
  29. 69
  30. 41
  31. 12
  32. Profit
  33. False
  34. 34
  35. Loss
  36. False
  37. 77
  38. 32
  39. Loss
  40. cost price

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