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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 890 · 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 got from a sale? (a) cost price (b) selling price
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  4. 4.It costs ₹8 to make one potted plant. Nisha sells it for ₹20. What is the profit on one (in ₹)?
  5. 5.It costs ₹23 to make one painted pebble. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  6. 6.Tara makes 18 fruit cups at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.Nisha makes 28 jute bags at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  9. 9.It costs ₹48 to make one potted plant. On the last day Arjun sells it for only ₹45. How much is the loss on one (in ₹)?
  10. 10.Meera makes 10 painted pebbles at a cost of ₹18 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  14. 14.It costs ₹28 to make one cup of lemonade. On the last day Tara sells it for only ₹23. How much is the loss on one (in ₹)?
  15. 15.It costs ₹26 to make one clay diya. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.One jute bag costs ₹43 to make. Gurpreet wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  18. 18.Farhan makes 9 cups of lemonade at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  19. 19.It costs ₹23 to make one clay diya. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  20. 20.True or false: “money got from a sale” is the cost price. (a) False (b) True
  21. 21.It costs ₹50 to make one handmade card. Saanvi sells it for ₹55. What is the profit on one (in ₹)?
  22. 22.One cupcake costs ₹52 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹14 to make one cup of lemonade. On the last day Zoya sells it for only ₹8. How much is the loss on one (in ₹)?
  24. 24.Aarav makes 17 glasses of chai at a cost of ₹23 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
  26. 26.It costs ₹25 to make one bag of popcorn. Diya sells it for ₹33. What is the profit on one (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.Aarav makes 7 paper bookmarks at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.It costs ₹56 to make one cup of lemonade. Riya sells it for ₹72. What is the profit on one (in ₹)?
  30. 30.It costs ₹26 to make one paper bookmark. Dev sells it for ₹46. What is the profit on one (in ₹)?
  31. 31.Diya makes 28 jute bags at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  33. 33.True or false: “what you paid for it” is the cost price. (a) True (b) False
  34. 34.One clay diya costs ₹37 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “cost of making one” is the selling price. (a) True (b) False
  36. 36.True or false: “the price on your board” is the cost price. (a) False (b) True
  37. 37.It costs ₹33 to make one glass of chai. Tara sells it for ₹36. What is the profit on one (in ₹)?
  38. 38.One bag of popcorn costs ₹59 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹37 to make one fruit cup. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  40. 40.It costs ₹44 to make one painted pebble. On the last day Kabir sells it for only ₹41. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. True
  3. selling price
  4. 12
  5. 6
  6. 72
  7. cost price
  8. 280
  9. 3
  10. 100
  11. True
  12. cost price
  13. what the buyer pays
  14. 5
  15. 11
  16. selling price
  17. 47
  18. 126
  19. 3
  20. False
  21. 5
  22. 56
  23. 6
  24. 255
  25. False
  26. 8
  27. True
  28. 35
  29. 16
  30. 20
  31. 280
  32. what it cost you
  33. True
  34. 41
  35. False
  36. False
  37. 3
  38. 62
  39. 7
  40. 3

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