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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 942 · 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.It costs ₹37 to make one clay diya. On the last day Zoya sells it for only ₹33. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.It costs ₹62 to make one clay diya. On the last day Lakshmi sells it for only ₹59. How much is the loss on one (in ₹)?
  4. 4.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  5. 5.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  6. 6.It costs ₹28 to make one painted pebble. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  8. 8.It costs ₹42 to make one friendship band. Zoya sells it for ₹61. What is the profit on one (in ₹)?
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.One paper bookmark costs ₹40 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.It costs ₹23 to make one cupcake. Arjun sells it for ₹26. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs Arjun ₹23 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹58 to make one fruit cup. On the last day Riya sells it for only ₹51. How much is the loss on one (in ₹)?
  20. 20.Vihaan makes 22 handmade cards at a cost of ₹23 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.It costs ₹23 to make one cupcake. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  24. 24.Dev makes 30 cups of lemonade at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.It costs ₹40 to make one potted plant. On the last day Meera sells it for only ₹33. How much is the loss on one (in ₹)?
  27. 27.One bag of popcorn costs Kabir ₹56 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.True or false: “the price you sell at” is the cost price. (a) True (b) False
  30. 30.One bag of popcorn costs ₹6 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.One jute bag costs ₹53 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.It costs ₹59 to make one potted plant. On the last day Ananya sells it for only ₹51. How much is the loss on one (in ₹)?
  34. 34.It costs ₹58 to make one glass of chai. Ananya sells it for ₹76. What is the profit on one (in ₹)?
  35. 35.True or false: “money spent to get it” is the cost price. (a) False (b) True
  36. 36.One handmade card costs ₹35 to make. Farhan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹55 to make one handmade card. Vihaan sells it for ₹57. What is the profit on one (in ₹)?
  38. 38.True or false: “the price on your board” is the cost price. (a) True (b) False
  39. 39.It costs ₹18 to make one cupcake. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  40. 40.One friendship band costs ₹15 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. 4
  2. cost price
  3. 3
  4. what the buyer pays
  5. SP less than CP
  6. 3
  7. cost price
  8. 19
  9. False
  10. False
  11. 59
  12. SP more than CP
  13. selling price
  14. selling price
  15. selling price
  16. selling price
  17. 3
  18. Profit
  19. 7
  20. 330
  21. what it cost you
  22. True
  23. 6
  24. 420
  25. False
  26. 7
  27. Loss
  28. False
  29. False
  30. 25
  31. 72
  32. False
  33. 8
  34. 18
  35. True
  36. 50
  37. 2
  38. False
  39. 4
  40. 17

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