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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 935 · 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 on your board? (a) selling price (b) cost price
  2. 2.Rohan makes 18 friendship bands at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  3. 3.Diya makes 10 fruit cups at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  4. 4.One friendship band costs Ishaan ₹56 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹17 to make one cup of lemonade. Rohan sells it for ₹24. What is the profit on one (in ₹)?
  6. 6.It costs ₹22 to make one paper bookmark. On the last day Diya sells it for only ₹14. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  12. 12.Riya makes 7 potted plants at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  13. 13.True or false: “the price you sell at” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  15. 15.One friendship band costs ₹6 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.One friendship band costs Joseph ₹59 to make and sells for ₹73. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  20. 20.True or false: “money got from a sale” is the cost price. (a) False (b) True
  21. 21.One paper bookmark costs ₹6 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.True or false: “what a customer pays” is the selling price. (a) True (b) False
  24. 24.It costs ₹26 to make one cup of lemonade. Arjun sells it for ₹46. What is the profit on one (in ₹)?
  25. 25.One clay diya costs ₹29 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  26. 26.Tara makes 14 painted pebbles at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  27. 27.One clay diya costs ₹13 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹45 to make one handmade card. Tara sells it for ₹62. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) True (b) False
  30. 30.Tara makes 24 clay diyas at a cost of ₹38 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  31. 31.One handmade card costs ₹26 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.One potted plant costs Meera ₹53 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  34. 34.One cup of lemonade costs ₹34 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.One handmade card costs ₹26 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  36. 36.One cup of lemonade costs ₹46 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹34 to make one painted pebble. Farhan sells it for ₹36. What is the profit on one (in ₹)?
  38. 38.It costs ₹55 to make one potted plant. Tara sells it for ₹72. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the selling price. (a) False (b) True
  40. 40.One jute bag costs ₹58 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. 72
  3. 20
  4. Loss
  5. 7
  6. 8
  7. what it cost you
  8. cost price
  9. cost price
  10. what the buyer pays
  11. SP less than CP
  12. 91
  13. False
  14. selling price
  15. 20
  16. selling price
  17. cost price
  18. Profit
  19. selling price
  20. False
  21. 25
  22. cost price
  23. True
  24. 20
  25. 46
  26. 42
  27. 25
  28. 17
  29. False
  30. 96
  31. 30
  32. Loss
  33. True
  34. 39
  35. 41
  36. 56
  37. 2
  38. 17
  39. True
  40. 72

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