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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 833 · 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 ₹32 to make one handmade card. Diya sells it for ₹48. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.True or false: “what you paid for it” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  5. 5.It costs ₹13 to make one potted plant. Diya sells it for ₹27. What is the profit on one (in ₹)?
  6. 6.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  7. 7.It costs ₹53 to make one handmade card. Vihaan sells it for ₹68. What is the profit on one (in ₹)?
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.One potted plant costs Rohan ₹27 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.One handmade card costs ₹43 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.It costs ₹29 to make one handmade card. On the last day Aarav sells it for only ₹26. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.One bag of popcorn costs Gurpreet ₹53 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹16 to make one cup of lemonade. Rohan sells it for ₹17. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  17. 17.One glass of chai costs ₹53 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.One painted pebble costs ₹45 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.One cup of lemonade costs Kabir ₹57 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹46 to make one paper bookmark. On the last day Lakshmi sells it for only ₹43. How much is the loss on one (in ₹)?
  21. 21.It costs ₹27 to make one paper bookmark. On the last day Saanvi sells it for only ₹25. How much is the loss on one (in ₹)?
  22. 22.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  23. 23.One paper bookmark costs ₹17 to make. Saanvi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) True (b) False
  25. 25.One handmade card costs Ananya ₹50 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹45 to make one painted pebble. Nisha sells it for ₹58. What is the profit on one (in ₹)?
  27. 27.One clay diya costs Rohan ₹46 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  29. 29.It costs ₹24 to make one handmade card. On the last day Kavya sells it for only ₹14. How much is the loss on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the selling price. (a) True (b) False
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.Ananya makes 10 handmade cards at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  34. 34.It costs ₹49 to make one paper bookmark. Joseph sells it for ₹65. What is the profit on one (in ₹)?
  35. 35.One handmade card costs ₹34 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.Riya makes 14 glasses of chai at a cost of ₹9 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  38. 38.It costs ₹38 to make one jute bag. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?
  39. 39.It costs ₹28 to make one fruit cup. Meera sells it for ₹43. What is the profit on one (in ₹)?
  40. 40.One potted plant costs Rohan ₹56 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 16
  2. cost price
  3. True
  4. what it cost you
  5. 14
  6. what the buyer pays
  7. 15
  8. True
  9. Profit
  10. 53
  11. selling price
  12. 3
  13. cost price
  14. Profit
  15. 1
  16. selling price
  17. 59
  18. 51
  19. Profit
  20. 3
  21. 2
  22. SP less than CP
  23. 36
  24. True
  25. Loss
  26. 13
  27. Profit
  28. SP more than CP
  29. 10
  30. False
  31. False
  32. selling price
  33. 100
  34. 16
  35. 42
  36. False
  37. 154
  38. 9
  39. 15
  40. Loss

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