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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 870 · 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 Tara ₹23 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.True or false: “what a customer pays” is the selling price. (a) True (b) False
  3. 3.It costs ₹32 to make one bag of popcorn. On the last day Ishaan sells it for only ₹31. How much is the loss on one (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  5. 5.Nisha makes 13 jute bags at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.Farhan makes 5 friendship bands at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  14. 14.One cupcake costs ₹21 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹11 to make one jute bag. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  16. 16.Rohan makes 17 friendship bands at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  17. 17.Aarav makes 16 cups of lemonade at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  18. 18.It costs ₹34 to make one cupcake. On the last day Nisha sells it for only ₹33. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  20. 20.Arjun makes 22 potted plants at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  21. 21.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  22. 22.One potted plant costs ₹25 to make. Meera wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.One paper bookmark costs ₹45 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  24. 24.One glass of chai costs ₹7 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  25. 25.One potted plant costs ₹32 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹25 to make one glass of chai. Diya sells it for ₹39. What is the profit on one (in ₹)?
  27. 27.It costs ₹40 to make one clay diya. Zoya sells it for ₹43. What is the profit on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) True (b) False
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  30. 30.It costs ₹26 to make one handmade card. On the last day Saanvi sells it for only ₹21. How much is the loss on one (in ₹)?
  31. 31.One handmade card costs Farhan ₹46 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.One cupcake costs ₹36 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  34. 34.One glass of chai costs Riya ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Meera makes 6 handmade cards at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  36. 36.True or false: “the price on your board” is the cost price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.It costs ₹63 to make one clay diya. On the last day Kabir sells it for only ₹55. How much is the loss on one (in ₹)?

Answer key

  1. Profit
  2. True
  3. 1
  4. False
  5. 195
  6. SP more than CP
  7. selling price
  8. what the buyer pays
  9. cost price
  10. False
  11. selling price
  12. 5
  13. True
  14. 30
  15. 13
  16. 34
  17. 224
  18. 1
  19. what it cost you
  20. 110
  21. SP less than CP
  22. 32
  23. 52
  24. 12
  25. 49
  26. 14
  27. 3
  28. False
  29. cost price
  30. 5
  31. Profit
  32. selling price
  33. 39
  34. Loss
  35. 66
  36. False
  37. cost price
  38. selling price
  39. cost price
  40. 8

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