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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 874 · 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) the stall fee (c) the loss (d) what the buyer pays
  2. 2.True or false: “what you paid for it” is the selling price. (a) True (b) False
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.It costs ₹26 to make one friendship band. Saanvi sells it for ₹37. What is the profit on one (in ₹)?
  6. 6.It costs ₹29 to make one paper bookmark. On the last day Farhan sells it for only ₹26. How much is the loss on one (in ₹)?
  7. 7.It costs ₹16 to make one cup of lemonade. On the last day Joseph sells it for only ₹13. How much is the loss on one (in ₹)?
  8. 8.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.Lakshmi makes 18 paper bookmarks at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  12. 12.One handmade card costs ₹12 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.One glass of chai costs ₹13 to make. Diya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  15. 15.One handmade card costs Riya ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Kavya makes 17 friendship bands at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.It costs ₹18 to make one cup of lemonade. Farhan sells it for ₹22. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.One clay diya costs Riya ₹54 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹58 to make one clay diya. On the last day Kabir sells it for only ₹48. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.Zoya makes 16 handmade cards at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  25. 25.Gurpreet makes 26 bags of popcorn at a cost of ₹30 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  26. 26.One handmade card costs ₹31 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.One bag of popcorn costs Gurpreet ₹44 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.One glass of chai costs ₹5 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  31. 31.One clay diya costs ₹7 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price you sell at” is the selling price. (a) False (b) True
  33. 33.It costs ₹7 to make one paper bookmark. Lakshmi sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹27 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.One glass of chai costs ₹12 to make. Kavya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹53 to make one cupcake. On the last day Kavya sells it for only ₹51. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.It costs ₹21 to make one bag of popcorn. Dev sells it for ₹35. What is the profit on one (in ₹)?
  39. 39.It costs ₹37 to make one jute bag. On the last day Aarav sells it for only ₹30. How much is the loss on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the cost price. (a) False (b) True

Answer key

  1. what the buyer pays
  2. False
  3. True
  4. cost price
  5. 11
  6. 3
  7. 3
  8. SP more than CP
  9. cost price
  10. cost price
  11. 216
  12. 14
  13. selling price
  14. 29
  15. Profit
  16. 51
  17. 4
  18. what it cost you
  19. selling price
  20. Loss
  21. 10
  22. False
  23. False
  24. 16
  25. 52
  26. 32
  27. Loss
  28. cost price
  29. selling price
  30. 8
  31. 9
  32. True
  33. 19
  34. 28
  35. 15
  36. 2
  37. selling price
  38. 14
  39. 7
  40. True

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