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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 881 · 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.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  2. 2.One friendship band costs ₹25 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.One potted plant costs Lakshmi ₹29 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.One handmade card costs ₹25 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.Ananya makes 21 handmade cards at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  8. 8.One clay diya costs ₹60 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  9. 9.One painted pebble costs ₹27 to make. Saanvi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “what a customer pays” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.One handmade card costs ₹30 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  14. 14.Ishaan makes 21 painted pebbles at a cost of ₹39 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  15. 15.One potted plant costs ₹24 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.Tara makes 20 potted plants at a cost of ₹13 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.Saanvi makes 5 jute bags at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  19. 19.One cup of lemonade costs ₹28 to make. Meera wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  20. 20.One fruit cup costs ₹43 to make. Tara wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.One cup of lemonade costs Joseph ₹36 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One paper bookmark costs Dev ₹43 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Arjun makes 29 jute bags at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  26. 26.It costs ₹6 to make one bag of popcorn. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  29. 29.True or false: “money got from a sale” is the selling price. (a) True (b) False
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹12 to make one handmade card. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  32. 32.It costs ₹52 to make one jute bag. On the last day Kavya sells it for only ₹47. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.One cup of lemonade costs Nisha ₹44 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One fruit cup costs ₹29 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹40 to make one cup of lemonade. On the last day Riya sells it for only ₹33. How much is the loss on one (in ₹)?
  37. 37.One fruit cup costs ₹37 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹47 to make one glass of chai. On the last day Dev sells it for only ₹46. How much is the loss on one (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  40. 40.Gurpreet makes 23 handmade cards at a cost of ₹27 each and sells all of them at ₹33 each. What is the total profit (in ₹)?

Answer key

  1. SP less than CP
  2. 38
  3. Profit
  4. True
  5. 27
  6. selling price
  7. 147
  8. 72
  9. 45
  10. True
  11. cost price
  12. cost price
  13. 50
  14. 63
  15. 29
  16. 120
  17. 45
  18. SP more than CP
  19. 41
  20. 63
  21. what it cost you
  22. False
  23. Loss
  24. Loss
  25. 145
  26. 14
  27. False
  28. what the buyer pays
  29. True
  30. selling price
  31. 17
  32. 5
  33. cost price
  34. Profit
  35. 47
  36. 7
  37. 40
  38. 1
  39. True
  40. 138

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