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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 92 · 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.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  2. 2.True or false: “money spent to get it” is the cost price. (a) True (b) False
  3. 3.Riya makes 9 friendship bands at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  5. 5.It costs ₹41 to make one clay diya. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  6. 6.Gurpreet makes 20 handmade cards at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  7. 7.Zoya makes 26 friendship bands at a cost of ₹34 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.True or false: “what a customer pays” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.True or false: “money got from a sale” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.It costs ₹37 to make one jute bag. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  14. 14.True or false: “cost of making one” is the cost price. (a) False (b) True
  15. 15.It costs ₹49 to make one painted pebble. On the last day Dev sells it for only ₹48. How much is the loss on one (in ₹)?
  16. 16.One fruit cup costs ₹47 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹45 to make one glass of chai. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  18. 18.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  19. 19.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  20. 20.It costs ₹15 to make one bag of popcorn. Saanvi sells it for ₹30. What is the profit on one (in ₹)?
  21. 21.Ishaan makes 17 glasses of chai at a cost of ₹15 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  22. 22.It costs ₹56 to make one friendship band. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.It costs ₹26 to make one clay diya. On the last day Rohan sells it for only ₹18. How much is the loss on one (in ₹)?
  25. 25.Meera makes 29 cupcakes at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  26. 26.One bag of popcorn costs ₹18 to make. Farhan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹19 to make one cup of lemonade. Kavya sells it for ₹33. What is the profit on one (in ₹)?
  28. 28.It costs ₹38 to make one potted plant. Diya sells it for ₹40. What is the profit on one (in ₹)?
  29. 29.One glass of chai costs Kabir ₹18 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs ₹33 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.Lakshmi makes 15 clay diyas at a cost of ₹24 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  33. 33.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  34. 34.It costs ₹37 to make one friendship band. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  35. 35.True or false: “what you paid for it” is the selling price. (a) True (b) False
  36. 36.Riya makes 19 glasses of chai at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  37. 37.It costs ₹37 to make one cupcake. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  38. 38.One clay diya costs ₹50 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.One painted pebble costs ₹12 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹48 to make one glass of chai. On the last day Ananya sells it for only ₹47. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. True
  3. 54
  4. what it cost you
  5. 6
  6. 20
  7. 260
  8. cost price
  9. False
  10. cost price
  11. False
  12. selling price
  13. 2
  14. True
  15. 1
  16. 61
  17. 3
  18. SP less than CP
  19. what the buyer pays
  20. 15
  21. 17
  22. 3
  23. selling price
  24. 8
  25. 58
  26. 36
  27. 14
  28. 2
  29. Loss
  30. 44
  31. selling price
  32. 105
  33. SP more than CP
  34. 5
  35. False
  36. 19
  37. 2
  38. 56
  39. 21
  40. 1

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