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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 893 · 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.One painted pebble costs Vihaan ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹17 to make one jute bag. On the last day Kabir sells it for only ₹12. How much is the loss on one (in ₹)?
  3. 3.True or false: “money got from a sale” is the cost price. (a) False (b) True
  4. 4.It costs ₹10 to make one potted plant. On the last day Diya sells it for only ₹8. How much is the loss on one (in ₹)?
  5. 5.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  6. 6.True or false: “money spent to get it” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.One potted plant costs Tara ₹18 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  10. 10.It costs ₹44 to make one painted pebble. Aarav sells it for ₹59. What is the profit on one (in ₹)?
  11. 11.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  12. 12.One handmade card costs ₹46 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “the price on your board” is the selling price. (a) True (b) False
  14. 14.It costs ₹34 to make one fruit cup. On the last day Zoya sells it for only ₹24. How much is the loss on one (in ₹)?
  15. 15.It costs ₹55 to make one potted plant. On the last day Riya sells it for only ₹49. How much is the loss on one (in ₹)?
  16. 16.Kavya makes 22 cups of lemonade at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  17. 17.It costs ₹14 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹6. How much is the loss on one (in ₹)?
  18. 18.It costs ₹9 to make one potted plant. On the last day Ananya sells it for only ₹5. How much is the loss on one (in ₹)?
  19. 19.One paper bookmark costs ₹9 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹7 to make one painted pebble. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  21. 21.Meera makes 29 paper bookmarks at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.It costs ₹20 to make one friendship band. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.One paper bookmark costs Zoya ₹18 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “what a customer pays” is the selling price. (a) False (b) True
  27. 27.It costs ₹38 to make one painted pebble. On the last day Nisha sells it for only ₹31. How much is the loss on one (in ₹)?
  28. 28.True or false: “the price you sell at” is the selling price. (a) True (b) False
  29. 29.It costs ₹8 to make one potted plant. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs ₹15 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.It costs ₹55 to make one handmade card. On the last day Vihaan sells it for only ₹51. How much is the loss on one (in ₹)?
  35. 35.It costs ₹43 to make one jute bag. Dev sells it for ₹57. What is the profit on one (in ₹)?
  36. 36.One friendship band costs ₹36 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹36 to make one handmade card. On the last day Zoya sells it for only ₹31. How much is the loss on one (in ₹)?
  38. 38.One jute bag costs ₹45 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what a customer pays” is the cost price. (a) True (b) False
  40. 40.True or false: “what you paid for it” is the selling price. (a) False (b) True

Answer key

  1. Profit
  2. 5
  3. False
  4. 2
  5. what the buyer pays
  6. True
  7. cost price
  8. Profit
  9. what it cost you
  10. 15
  11. SP more than CP
  12. 56
  13. True
  14. 10
  15. 6
  16. 66
  17. 8
  18. 4
  19. 24
  20. 1
  21. 58
  22. True
  23. 5
  24. selling price
  25. Profit
  26. True
  27. 7
  28. True
  29. 1
  30. 28
  31. selling price
  32. True
  33. cost price
  34. 4
  35. 14
  36. 40
  37. 5
  38. 59
  39. False
  40. False

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