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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 883 · 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: the price on your board? (a) selling price (b) cost price
  2. 2.One potted plant costs ₹36 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.Lakshmi makes 30 cupcakes at a cost of ₹29 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  7. 7.It costs ₹18 to make one friendship band. On the last day Diya sells it for only ₹10. How much is the loss on one (in ₹)?
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.True or false: “money spent to get it” is the cost price. (a) False (b) True
  10. 10.One cupcake costs Aarav ₹30 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.True or false: “cost of making one” is the selling price. (a) True (b) False
  12. 12.True or false: “what a customer pays” is the cost price. (a) False (b) True
  13. 13.It costs ₹16 to make one paper bookmark. Farhan sells it for ₹30. What is the profit on one (in ₹)?
  14. 14.Kavya makes 16 painted pebbles at a cost of ₹28 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  15. 15.It costs ₹19 to make one paper bookmark. On the last day Kavya sells it for only ₹14. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  17. 17.It costs ₹50 to make one painted pebble. Kabir sells it for ₹67. What is the profit on one (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.One painted pebble costs ₹53 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.One handmade card costs ₹10 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.One glass of chai costs ₹20 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  22. 22.One paper bookmark costs Kabir ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One paper bookmark costs Rohan ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.Saanvi makes 16 potted plants at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  26. 26.It costs ₹14 to make one handmade card. On the last day Diya sells it for only ₹12. How much is the loss on one (in ₹)?
  27. 27.It costs ₹15 to make one fruit cup. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  28. 28.Lakshmi makes 12 cupcakes at a cost of ₹6 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  29. 29.Arjun makes 14 clay diyas at a cost of ₹25 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  30. 30.One jute bag costs Saanvi ₹16 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹15 to make one cupcake. Gurpreet sells it for ₹29. What is the profit on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  33. 33.One handmade card costs ₹6 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  34. 34.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  35. 35.It costs ₹46 to make one jute bag. Saanvi sells it for ₹53. What is the profit on one (in ₹)?
  36. 36.One potted plant costs ₹21 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹21 to make one cup of lemonade. Saanvi sells it for ₹31. What is the profit on one (in ₹)?
  38. 38.It costs ₹17 to make one fruit cup. On the last day Dev sells it for only ₹15. How much is the loss on one (in ₹)?
  39. 39.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. selling price
  2. 54
  3. what the buyer pays
  4. cost price
  5. selling price
  6. 210
  7. 8
  8. False
  9. True
  10. Loss
  11. False
  12. False
  13. 14
  14. 80
  15. 5
  16. cost price
  17. 17
  18. True
  19. 59
  20. 19
  21. 39
  22. Loss
  23. Loss
  24. True
  25. 48
  26. 2
  27. 14
  28. 72
  29. 210
  30. Loss
  31. 14
  32. False
  33. 9
  34. SP more than CP
  35. 7
  36. 35
  37. 10
  38. 2
  39. SP less than CP
  40. cost price

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