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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 920 · 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: money got from a sale? (a) cost price (b) selling price
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.True or false: “cost of making one” is the selling price. (a) False (b) True
  4. 4.Diya makes 6 jute bags at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  5. 5.Arjun makes 22 painted pebbles at a cost of ₹6 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  6. 6.It costs ₹9 to make one cup of lemonade. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  8. 8.Kabir makes 13 handmade cards at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.It costs ₹11 to make one clay diya. On the last day Vihaan sells it for only ₹7. How much is the loss on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.One paper bookmark costs ₹37 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  14. 14.Joseph makes 12 cupcakes at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  15. 15.One cup of lemonade costs ₹45 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  16. 16.One clay diya costs Tara ₹37 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  18. 18.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  19. 19.One painted pebble costs Zoya ₹42 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.Aarav makes 18 clay diyas at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  21. 21.Meera makes 14 fruit cups at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.It costs ₹32 to make one cupcake. Diya sells it for ₹36. What is the profit on one (in ₹)?
  27. 27.One friendship band costs Diya ₹21 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹13 to make one glass of chai. Aarav sells it for ₹30. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs ₹52 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.Gurpreet makes 18 cups of lemonade at a cost of ₹22 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  31. 31.Aarav makes 29 clay diyas at a cost of ₹7 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  32. 32.Joseph makes 6 jute bags at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  33. 33.True or false: “the price on your board” is the cost price. (a) True (b) False
  34. 34.It costs ₹9 to make one paper bookmark. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.One clay diya costs ₹48 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  37. 37.One painted pebble costs Dev ₹38 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One painted pebble costs ₹9 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  39. 39.Lakshmi makes 22 paper bookmarks at a cost of ₹25 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.One friendship band costs Nisha ₹33 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. selling price
  2. True
  3. False
  4. 54
  5. 330
  6. 4
  7. what it cost you
  8. 26
  9. SP less than CP
  10. 4
  11. True
  12. cost price
  13. 45
  14. 144
  15. 62
  16. Loss
  17. what the buyer pays
  18. SP more than CP
  19. Loss
  20. 216
  21. 168
  22. False
  23. cost price
  24. True
  25. selling price
  26. 4
  27. Profit
  28. 17
  29. 64
  30. 270
  31. 203
  32. 36
  33. False
  34. 9
  35. False
  36. 66
  37. Loss
  38. 12
  39. 242
  40. Loss

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