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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 918 · 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.It costs ₹19 to make one handmade card. Ishaan sells it for ₹31. What is the profit on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.One bag of popcorn costs ₹11 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.One cupcake costs ₹10 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹25 to make one potted plant. On the last day Ananya sells it for only ₹22. How much is the loss on one (in ₹)?
  6. 6.It costs ₹49 to make one cupcake. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.It costs ₹52 to make one friendship band. Lakshmi sells it for ₹57. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.One cupcake costs ₹59 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  11. 11.One clay diya costs Vihaan ₹21 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  13. 13.It costs ₹11 to make one fruit cup. On the last day Ishaan sells it for only ₹8. How much is the loss on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  15. 15.Kavya makes 28 friendship bands at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  16. 16.One cupcake costs Kabir ₹22 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹62 to make one glass of chai. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  18. 18.One handmade card costs ₹57 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.It costs ₹49 to make one clay diya. Gurpreet sells it for ₹69. What is the profit on one (in ₹)?
  22. 22.It costs ₹45 to make one clay diya. On the last day Saanvi sells it for only ₹38. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.It costs ₹5 to make one friendship band. Lakshmi sells it for ₹10. What is the profit on one (in ₹)?
  27. 27.It costs ₹55 to make one painted pebble. Lakshmi sells it for ₹62. What is the profit on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  30. 30.True or false: “money spent to get it” is the selling price. (a) True (b) False
  31. 31.True or false: “the price you sell at” is the cost price. (a) False (b) True
  32. 32.One handmade card costs ₹19 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  33. 33.Meera makes 26 clay diyas at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  34. 34.It costs ₹43 to make one clay diya. On the last day Arjun sells it for only ₹39. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs Ishaan ₹29 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹13 to make one painted pebble. On the last day Kavya sells it for only ₹10. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.One fruit cup costs Kabir ₹39 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹17 to make one clay diya. On the last day Dev sells it for only ₹16. How much is the loss on one (in ₹)?
  40. 40.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you

Answer key

  1. 12
  2. cost price
  3. 26
  4. 20
  5. 3
  6. 3
  7. cost price
  8. 5
  9. cost price
  10. 64
  11. Loss
  12. SP more than CP
  13. 3
  14. SP less than CP
  15. 56
  16. Profit
  17. 9
  18. 61
  19. False
  20. False
  21. 20
  22. 7
  23. selling price
  24. True
  25. True
  26. 5
  27. 7
  28. False
  29. what it cost you
  30. False
  31. False
  32. 36
  33. 286
  34. 4
  35. Loss
  36. 3
  37. selling price
  38. Loss
  39. 1
  40. what the buyer pays

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