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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 926 · 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.One handmade card costs ₹9 to make. Meera wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  4. 4.Joseph makes 17 handmade cards at a cost of ₹28 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.True or false: “what a customer pays” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  8. 8.True or false: “what you paid for it” is the cost price. (a) False (b) True
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.It costs ₹58 to make one handmade card. Dev sells it for ₹71. What is the profit on one (in ₹)?
  11. 11.One friendship band costs Gurpreet ₹38 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  13. 13.It costs ₹40 to make one friendship band. On the last day Lakshmi sells it for only ₹30. How much is the loss on one (in ₹)?
  14. 14.It costs ₹28 to make one paper bookmark. Ishaan sells it for ₹39. What is the profit on one (in ₹)?
  15. 15.It costs ₹12 to make one clay diya. Ananya sells it for ₹23. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  17. 17.It costs ₹23 to make one painted pebble. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  18. 18.It costs ₹56 to make one glass of chai. On the last day Nisha sells it for only ₹53. How much is the loss on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  21. 21.It costs ₹23 to make one clay diya. Diya sells it for ₹38. What is the profit on one (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  23. 23.True or false: “cost of making one” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.One cupcake costs Farhan ₹22 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Vihaan makes 7 potted plants at a cost of ₹28 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  28. 28.It costs ₹14 to make one fruit cup. Lakshmi sells it for ₹17. What is the profit on one (in ₹)?
  29. 29.One paper bookmark costs ₹60 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹12 to make one clay diya. Meera sells it for ₹22. What is the profit on one (in ₹)?
  31. 31.It costs ₹12 to make one painted pebble. Rohan sells it for ₹17. What is the profit on one (in ₹)?
  32. 32.Lakshmi makes 28 bags of popcorn at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  33. 33.It costs ₹31 to make one potted plant. On the last day Lakshmi sells it for only ₹28. How much is the loss on one (in ₹)?
  34. 34.Aarav makes 28 cups of lemonade at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  35. 35.It costs ₹58 to make one painted pebble. Meera sells it for ₹62. What is the profit on one (in ₹)?
  36. 36.One cup of lemonade costs Arjun ₹54 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.One bag of popcorn costs Tara ₹53 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.Rohan makes 23 cups of lemonade at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  40. 40.One potted plant costs ₹22 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. 13
  2. cost price
  3. what the buyer pays
  4. 136
  5. cost price
  6. False
  7. selling price
  8. True
  9. False
  10. 13
  11. Loss
  12. what it cost you
  13. 10
  14. 11
  15. 11
  16. SP more than CP
  17. 4
  18. 3
  19. cost price
  20. SP less than CP
  21. 15
  22. False
  23. True
  24. selling price
  25. selling price
  26. Profit
  27. 98
  28. 3
  29. 64
  30. 10
  31. 5
  32. 196
  33. 3
  34. 84
  35. 4
  36. Loss
  37. selling price
  38. Profit
  39. 253
  40. 24

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