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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 885 · 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: money spent to get it? (a) cost price (b) selling price
  2. 2.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  3. 3.Ananya makes 27 handmade cards at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.One paper bookmark costs ₹23 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  6. 6.One jute bag costs ₹28 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  7. 7.Diya makes 21 handmade cards at a cost of ₹35 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  8. 8.It costs ₹9 to make one potted plant. Kabir sells it for ₹16. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.One handmade card costs Joseph ₹22 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.It costs ₹21 to make one fruit cup. On the last day Ananya sells it for only ₹15. How much is the loss on one (in ₹)?
  13. 13.It costs ₹19 to make one handmade card. Dev sells it for ₹32. What is the profit on one (in ₹)?
  14. 14.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  15. 15.Dev makes 11 glasses of chai at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) True (b) False
  17. 17.One friendship band costs Farhan ₹21 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One handmade card costs Lakshmi ₹19 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  23. 23.True or false: “the price on your board” is the selling price. (a) True (b) False
  24. 24.It costs ₹33 to make one paper bookmark. Kabir sells it for ₹53. What is the profit on one (in ₹)?
  25. 25.It costs ₹25 to make one handmade card. On the last day Gurpreet sells it for only ₹23. How much is the loss on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.One potted plant costs ₹35 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹14 to make one friendship band. On the last day Farhan sells it for only ₹8. How much is the loss on one (in ₹)?
  30. 30.One friendship band costs ₹41 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.One handmade card costs ₹27 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹64 to make one jute bag. On the last day Ishaan sells it for only ₹59. How much is the loss on one (in ₹)?
  33. 33.It costs ₹24 to make one paper bookmark. Arjun sells it for ₹25. What is the profit on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.Joseph makes 9 cupcakes at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  36. 36.It costs ₹49 to make one glass of chai. On the last day Diya sells it for only ₹48. How much is the loss on one (in ₹)?
  37. 37.One paper bookmark costs ₹43 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.One glass of chai costs Diya ₹39 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.True or false: “money got from a sale” is the cost price. (a) True (b) False

Answer key

  1. cost price
  2. what the buyer pays
  3. 81
  4. cost price
  5. 37
  6. 46
  7. 315
  8. 7
  9. selling price
  10. Profit
  11. cost price
  12. 6
  13. 13
  14. SP more than CP
  15. 33
  16. False
  17. Profit
  18. Profit
  19. False
  20. what it cost you
  21. cost price
  22. SP less than CP
  23. True
  24. 20
  25. 2
  26. False
  27. selling price
  28. 52
  29. 6
  30. 59
  31. 41
  32. 5
  33. 1
  34. True
  35. 27
  36. 1
  37. 51
  38. Loss
  39. False
  40. False

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