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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 957 · 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 ₹30 to make. Dev wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  2. 2.One potted plant costs ₹47 to make. Saanvi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  3. 3.One jute bag costs ₹34 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  4. 4.One jute bag costs Saanvi ₹28 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  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 ₹53 to make one cupcake. On the last day Diya sells it for only ₹46. How much is the loss on one (in ₹)?
  7. 7.It costs ₹52 to make one paper bookmark. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.True or false: “what a customer pays” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  15. 15.One clay diya costs Kavya ₹24 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹16 to make one fruit cup. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  17. 17.Ishaan makes 9 fruit cups at a cost of ₹13 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  18. 18.One clay diya costs Ishaan ₹60 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.Gurpreet makes 10 painted pebbles at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) True (b) False
  21. 21.True or false: “money got from a sale” is the selling price. (a) False (b) True
  22. 22.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  23. 23.It costs ₹49 to make one glass of chai. On the last day Ananya sells it for only ₹40. How much is the loss on one (in ₹)?
  24. 24.One cupcake costs ₹14 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹37 to make one clay diya. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.It costs ₹46 to make one fruit cup. On the last day Tara sells it for only ₹39. How much is the loss on one (in ₹)?
  27. 27.One jute bag costs ₹19 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  29. 29.It costs ₹48 to make one handmade card. Joseph sells it for ₹60. What is the profit on one (in ₹)?
  30. 30.It costs ₹28 to make one clay diya. Nisha sells it for ₹29. What is the profit on one (in ₹)?
  31. 31.One friendship band costs ₹40 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹55 to make one bag of popcorn. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  34. 34.One fruit cup costs Joseph ₹20 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One bag of popcorn costs ₹42 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.It costs ₹38 to make one jute bag. On the last day Joseph sells it for only ₹31. How much is the loss on one (in ₹)?
  38. 38.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  39. 39.It costs ₹55 to make one paper bookmark. On the last day Rohan sells it for only ₹54. How much is the loss on one (in ₹)?
  40. 40.True or false: “what a customer pays” is the selling price. (a) False (b) True

Answer key

  1. 42
  2. 67
  3. 47
  4. Profit
  5. SP less than CP
  6. 7
  7. 16
  8. selling price
  9. selling price
  10. False
  11. cost price
  12. False
  13. True
  14. what it cost you
  15. Loss
  16. 3
  17. 135
  18. Loss
  19. 80
  20. False
  21. True
  22. SP more than CP
  23. 9
  24. 18
  25. 19
  26. 7
  27. 21
  28. cost price
  29. 12
  30. 1
  31. 57
  32. 3
  33. selling price
  34. Profit
  35. 58
  36. cost price
  37. 7
  38. what the buyer pays
  39. 1
  40. True

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