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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 87 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.One painted pebble costs ₹49 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “what you paid for it” is the cost price. (a) False (b) True
  4. 4.One glass of chai costs ₹43 to make. Ishaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹17 to make one potted plant. Dev sells it for ₹23. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  8. 8.It costs ₹19 to make one painted pebble. On the last day Diya sells it for only ₹10. How much is the loss on one (in ₹)?
  9. 9.One glass of chai costs ₹13 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹53 to make one potted plant. On the last day Joseph sells it for only ₹44. How much is the loss on one (in ₹)?
  11. 11.True or false: “money spent to get it” is the cost price. (a) False (b) True
  12. 12.It costs ₹13 to make one friendship band. On the last day Farhan sells it for only ₹7. How much is the loss on one (in ₹)?
  13. 13.It costs ₹53 to make one painted pebble. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
  14. 14.It costs ₹60 to make one cupcake. On the last day Ananya sells it for only ₹58. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.One jute bag costs ₹16 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.It costs ₹33 to make one painted pebble. On the last day Nisha sells it for only ₹31. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  21. 21.It costs ₹11 to make one jute bag. Ishaan sells it for ₹13. What is the profit on one (in ₹)?
  22. 22.It costs ₹46 to make one painted pebble. On the last day Kabir sells it for only ₹36. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  24. 24.Nisha makes 8 cups of lemonade at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  25. 25.It costs ₹57 to make one painted pebble. Vihaan sells it for ₹70. What is the profit on one (in ₹)?
  26. 26.It costs ₹24 to make one jute bag. On the last day Joseph sells it for only ₹16. How much is the loss on one (in ₹)?
  27. 27.One paper bookmark costs ₹6 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹38 to make one cup of lemonade. On the last day Ananya sells it for only ₹30. How much is the loss on one (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.One potted plant costs Tara ₹58 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  32. 32.It costs ₹23 to make one paper bookmark. On the last day Farhan sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.One clay diya costs ₹59 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  34. 34.One handmade card costs Meera ₹23 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹6 to make one fruit cup. Lakshmi sells it for ₹12. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  37. 37.One paper bookmark costs Arjun ₹26 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One jute bag costs ₹23 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹53 to make one friendship band. On the last day Riya sells it for only ₹45. How much is the loss on one (in ₹)?
  40. 40.It costs ₹48 to make one cupcake. Dev sells it for ₹62. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. 69
  3. True
  4. 50
  5. 6
  6. selling price
  7. what the buyer pays
  8. 9
  9. 14
  10. 9
  11. True
  12. 6
  13. 2
  14. 2
  15. selling price
  16. 34
  17. cost price
  18. 2
  19. cost price
  20. SP less than CP
  21. 2
  22. 10
  23. what it cost you
  24. 32
  25. 13
  26. 8
  27. 24
  28. 8
  29. False
  30. Profit
  31. selling price
  32. 6
  33. 63
  34. Profit
  35. 6
  36. selling price
  37. Profit
  38. 37
  39. 8
  40. 14

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