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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 896 · 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 wholesale price paid? (a) selling price (b) cost price
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  3. 3.One paper bookmark costs ₹30 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹56 to make one fruit cup. On the last day Tara sells it for only ₹52. How much is the loss on one (in ₹)?
  5. 5.It costs ₹18 to make one painted pebble. On the last day Farhan sells it for only ₹9. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.One clay diya costs Joseph ₹47 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “what you paid for it” is the selling price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.True or false: “the price on your board” is the cost price. (a) True (b) False
  13. 13.It costs ₹30 to make one jute bag. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?
  14. 14.It costs ₹19 to make one cupcake. On the last day Lakshmi sells it for only ₹15. How much is the loss on one (in ₹)?
  15. 15.One handmade card costs Diya ₹22 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹31 to make one potted plant. Lakshmi sells it for ₹39. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.One friendship band costs Saanvi ₹24 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.It costs ₹25 to make one potted plant. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  21. 21.It costs ₹56 to make one clay diya. Arjun sells it for ₹73. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹33 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.Meera makes 18 potted plants at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  24. 24.It costs ₹48 to make one handmade card. Joseph sells it for ₹49. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  26. 26.It costs ₹27 to make one bag of popcorn. On the last day Ishaan sells it for only ₹24. How much is the loss on one (in ₹)?
  27. 27.Vihaan makes 10 clay diyas at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  28. 28.True or false: “the price you sell at” is the cost price. (a) False (b) True
  29. 29.It costs ₹59 to make one cup of lemonade. On the last day Tara sells it for only ₹52. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs ₹56 to make. Diya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what you paid for it” is the cost price. (a) True (b) False
  32. 32.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  33. 33.True or false: “money got from a sale” is the cost price. (a) True (b) False
  34. 34.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.It costs ₹45 to make one handmade card. On the last day Tara sells it for only ₹38. How much is the loss on one (in ₹)?
  37. 37.It costs ₹14 to make one paper bookmark. On the last day Gurpreet sells it for only ₹11. How much is the loss on one (in ₹)?
  38. 38.One friendship band costs Lakshmi ₹57 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.Ishaan makes 20 painted pebbles at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. cost price
  2. SP more than CP
  3. 46
  4. 4
  5. 9
  6. selling price
  7. Loss
  8. False
  9. cost price
  10. True
  11. selling price
  12. False
  13. 1
  14. 4
  15. Loss
  16. 8
  17. cost price
  18. Loss
  19. 6
  20. False
  21. 17
  22. 53
  23. 180
  24. 1
  25. what it cost you
  26. 3
  27. 10
  28. False
  29. 7
  30. 68
  31. True
  32. SP less than CP
  33. False
  34. what the buyer pays
  35. cost price
  36. 7
  37. 3
  38. Loss
  39. 280
  40. selling price

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