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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 980 · 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.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.One jute bag costs ₹45 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹50 to make one friendship band. On the last day Meera sells it for only ₹43. How much is the loss on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) True (b) False
  6. 6.Meera makes 10 glasses of chai at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  7. 7.It costs ₹52 to make one glass of chai. Aarav sells it for ₹67. What is the profit on one (in ₹)?
  8. 8.True or false: “the price you sell at” is the cost price. (a) False (b) True
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  10. 10.One handmade card costs ₹59 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹43 to make one clay diya. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
  12. 12.It costs ₹13 to make one cup of lemonade. Zoya sells it for ₹28. What is the profit on one (in ₹)?
  13. 13.It costs ₹44 to make one clay diya. Riya sells it for ₹58. What is the profit on one (in ₹)?
  14. 14.It costs ₹12 to make one cupcake. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  15. 15.One potted plant costs Zoya ₹29 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.One paper bookmark costs ₹14 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹56 to make one jute bag. Rohan sells it for ₹65. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  21. 21.Arjun makes 12 handmade cards at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  22. 22.One potted plant costs Ananya ₹42 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.True or false: “money spent to get it” is the selling price. (a) False (b) True
  25. 25.It costs ₹43 to make one potted plant. On the last day Farhan sells it for only ₹40. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  27. 27.One glass of chai costs Tara ₹27 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹17 to make one glass of chai. Gurpreet sells it for ₹28. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.One paper bookmark costs ₹38 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.It costs ₹44 to make one friendship band. On the last day Kabir sells it for only ₹35. How much is the loss on one (in ₹)?
  33. 33.One paper bookmark costs ₹22 to make. Tara wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.It costs ₹29 to make one bag of popcorn. Dev sells it for ₹35. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  38. 38.It costs ₹18 to make one fruit cup. Diya sells it for ₹33. What is the profit on one (in ₹)?
  39. 39.It costs ₹31 to make one glass of chai. On the last day Saanvi sells it for only ₹27. How much is the loss on one (in ₹)?
  40. 40.It costs ₹34 to make one glass of chai. On the last day Arjun sells it for only ₹31. How much is the loss on one (in ₹)?

Answer key

  1. what the buyer pays
  2. False
  3. 64
  4. 7
  5. False
  6. 50
  7. 15
  8. False
  9. SP less than CP
  10. 68
  11. 5
  12. 15
  13. 14
  14. 19
  15. Profit
  16. True
  17. 28
  18. 9
  19. cost price
  20. SP more than CP
  21. 36
  22. Loss
  23. False
  24. False
  25. 3
  26. selling price
  27. Profit
  28. 11
  29. cost price
  30. 47
  31. cost price
  32. 9
  33. 35
  34. False
  35. False
  36. 6
  37. cost price
  38. 15
  39. 4
  40. 3

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