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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 834 · 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) what the buyer pays (c) the stall fee (d) the loss
  2. 2.It costs ₹21 to make one jute bag. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  3. 3.True or false: “cost of making one” is the selling price. (a) False (b) True
  4. 4.One handmade card costs ₹20 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹22 to make one handmade card. Ananya sells it for ₹36. What is the profit on one (in ₹)?
  6. 6.One potted plant costs ₹5 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.One clay diya costs Nisha ₹51 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹22 to make one painted pebble. Farhan sells it for ₹24. What is the profit on one (in ₹)?
  9. 9.It costs ₹20 to make one glass of chai. On the last day Joseph sells it for only ₹13. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.It costs ₹24 to make one painted pebble. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.One friendship band costs Ananya ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹38 to make one cup of lemonade. On the last day Aarav sells it for only ₹34. How much is the loss on one (in ₹)?
  17. 17.It costs ₹32 to make one cup of lemonade. Lakshmi sells it for ₹38. What is the profit on one (in ₹)?
  18. 18.It costs ₹39 to make one glass of chai. On the last day Aarav sells it for only ₹37. How much is the loss on one (in ₹)?
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.True or false: “what a customer pays” is the cost price. (a) True (b) False
  21. 21.One potted plant costs ₹55 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what a customer pays” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.One potted plant costs Farhan ₹22 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹14 to make one cup of lemonade. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?
  26. 26.True or false: “what you paid for it” is the cost price. (a) True (b) False
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  28. 28.True or false: “money got from a sale” is the cost price. (a) False (b) True
  29. 29.One potted plant costs Ishaan ₹57 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One paper bookmark costs ₹21 to make. Lakshmi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  32. 32.Gurpreet makes 20 fruit cups at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  33. 33.One cupcake costs Lakshmi ₹26 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One handmade card costs ₹35 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  35. 35.One glass of chai costs ₹54 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.One clay diya costs ₹7 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.One clay diya costs ₹16 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  39. 39.One bag of popcorn costs ₹15 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. what the buyer pays
  2. 9
  3. False
  4. 36
  5. 14
  6. 24
  7. Loss
  8. 2
  9. 7
  10. selling price
  11. True
  12. selling price
  13. 8
  14. cost price
  15. Profit
  16. 4
  17. 6
  18. 2
  19. False
  20. False
  21. 64
  22. True
  23. selling price
  24. Loss
  25. 1
  26. True
  27. False
  28. False
  29. Loss
  30. 28
  31. selling price
  32. 140
  33. Profit
  34. 37
  35. 64
  36. 19
  37. True
  38. 23
  39. 35
  40. True

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