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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 904 · 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 you sell at? (a) cost price (b) selling price
  2. 2.One friendship band costs ₹57 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  3. 3.One glass of chai costs ₹38 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.One painted pebble costs Rohan ₹34 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  6. 6.Diya makes 25 potted plants at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.Aarav makes 27 clay diyas at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  9. 9.True or false: “the price on your board” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.It costs ₹40 to make one clay diya. On the last day Ishaan sells it for only ₹33. How much is the loss on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.It costs ₹38 to make one friendship band. Kavya sells it for ₹47. What is the profit on one (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.It costs ₹44 to make one painted pebble. Ishaan sells it for ₹59. What is the profit on one (in ₹)?
  17. 17.It costs ₹18 to make one fruit cup. Riya sells it for ₹19. What is the profit on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.It costs ₹27 to make one glass of chai. Aarav sells it for ₹39. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.It costs ₹47 to make one cup of lemonade. Joseph sells it for ₹50. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs Kavya ₹40 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹46 to make one potted plant. Kabir sells it for ₹61. What is the profit on one (in ₹)?
  26. 26.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.It costs ₹63 to make one paper bookmark. On the last day Aarav sells it for only ₹60. How much is the loss on one (in ₹)?
  29. 29.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.It costs ₹19 to make one clay diya. Arjun sells it for ₹21. What is the profit on one (in ₹)?
  32. 32.Arjun makes 10 cups of lemonade at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  33. 33.Tara makes 28 friendship bands at a cost of ₹26 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  34. 34.It costs ₹64 to make one cupcake. On the last day Ishaan sells it for only ₹56. How much is the loss on one (in ₹)?
  35. 35.One potted plant costs ₹22 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  36. 36.One handmade card costs ₹28 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  37. 37.One glass of chai costs Diya ₹47 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹21 to make one fruit cup. Arjun sells it for ₹23. What is the profit on one (in ₹)?
  39. 39.It costs ₹58 to make one friendship band. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs Saanvi ₹32 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. selling price
  2. 60
  3. 54
  4. Profit
  5. what it cost you
  6. 75
  7. False
  8. 216
  9. True
  10. cost price
  11. 7
  12. SP more than CP
  13. True
  14. 9
  15. True
  16. 15
  17. 1
  18. False
  19. False
  20. 12
  21. selling price
  22. cost price
  23. 3
  24. Profit
  25. 15
  26. SP less than CP
  27. cost price
  28. 3
  29. what the buyer pays
  30. selling price
  31. 2
  32. 10
  33. 392
  34. 8
  35. 24
  36. 39
  37. Loss
  38. 2
  39. 10
  40. Loss

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