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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 931 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  3. 3.It costs ₹43 to make one handmade card. On the last day Diya sells it for only ₹42. How much is the loss on one (in ₹)?
  4. 4.It costs ₹41 to make one paper bookmark. Joseph sells it for ₹59. What is the profit on one (in ₹)?
  5. 5.One clay diya costs Kabir ₹39 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.One handmade card costs Vihaan ₹27 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One bag of popcorn costs ₹6 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  12. 12.It costs ₹10 to make one handmade card. Meera sells it for ₹14. What is the profit on one (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  14. 14.It costs ₹23 to make one clay diya. Rohan sells it for ₹25. What is the profit on one (in ₹)?
  15. 15.One cup of lemonade costs ₹52 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹19 to make one glass of chai. Nisha sells it for ₹35. What is the profit on one (in ₹)?
  17. 17.True or false: “the price you sell at” is the cost price. (a) True (b) False
  18. 18.Meera makes 18 friendship bands at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  19. 19.It costs ₹45 to make one paper bookmark. On the last day Vihaan sells it for only ₹41. How much is the loss on one (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  21. 21.It costs ₹43 to make one cup of lemonade. On the last day Vihaan sells it for only ₹34. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.True or false: “money spent to get it” is the selling price. (a) True (b) False
  24. 24.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  26. 26.True or false: “what you paid for it” is the cost price. (a) False (b) True
  27. 27.It costs ₹47 to make one cup of lemonade. On the last day Arjun sells it for only ₹44. How much is the loss on one (in ₹)?
  28. 28.One painted pebble costs ₹17 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.It costs ₹33 to make one glass of chai. Dev sells it for ₹44. What is the profit on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.It costs ₹23 to make one painted pebble. Tara sells it for ₹28. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.One jute bag costs Kavya ₹30 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One painted pebble costs ₹14 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.It costs ₹52 to make one painted pebble. On the last day Joseph sells it for only ₹48. How much is the loss on one (in ₹)?
  38. 38.Farhan makes 20 jute bags at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  39. 39.It costs ₹65 to make one cup of lemonade. On the last day Ananya sells it for only ₹60. How much is the loss on one (in ₹)?
  40. 40.Kavya makes 9 paper bookmarks at a cost of ₹7 each and sells all of them at ₹18 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. what it cost you
  3. 1
  4. 18
  5. Loss
  6. selling price
  7. cost price
  8. Profit
  9. 19
  10. cost price
  11. SP more than CP
  12. 4
  13. SP less than CP
  14. 2
  15. 63
  16. 16
  17. False
  18. 18
  19. 4
  20. False
  21. 9
  22. False
  23. False
  24. what the buyer pays
  25. cost price
  26. True
  27. 3
  28. 31
  29. False
  30. 11
  31. True
  32. 5
  33. selling price
  34. Loss
  35. 21
  36. False
  37. 4
  38. 40
  39. 5
  40. 99

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