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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 108 · 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: what you paid for it? (a) cost price (b) selling price
  2. 2.Kavya makes 10 handmade cards at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  3. 3.It costs ₹44 to make one jute bag. On the last day Dev sells it for only ₹35. How much is the loss on one (in ₹)?
  4. 4.True or false: “the price you sell at” is the selling price. (a) False (b) True
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.One cupcake costs ₹50 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  8. 8.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  12. 12.It costs ₹39 to make one jute bag. Rohan sells it for ₹40. What is the profit on one (in ₹)?
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.Saanvi makes 13 glasses of chai at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  17. 17.Lakshmi makes 21 paper bookmarks at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  19. 19.Diya makes 21 fruit cups at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  20. 20.One fruit cup costs Diya ₹34 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.Diya makes 17 paper bookmarks at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  22. 22.One glass of chai costs Ananya ₹31 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One paper bookmark costs Arjun ₹19 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.Ananya makes 17 potted plants at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  25. 25.It costs ₹30 to make one paper bookmark. Ananya sells it for ₹48. What is the profit on one (in ₹)?
  26. 26.One cupcake costs Meera ₹41 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.Farhan makes 9 paper bookmarks at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  28. 28.It costs ₹26 to make one cupcake. Riya sells it for ₹28. What is the profit on one (in ₹)?
  29. 29.It costs ₹46 to make one potted plant. Diya sells it for ₹55. What is the profit on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.One friendship band costs Nisha ₹44 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.One clay diya costs Ishaan ₹51 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “what a customer pays” is the selling price. (a) False (b) True
  35. 35.One cupcake costs ₹25 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹43 to make one paper bookmark. On the last day Aarav sells it for only ₹42. How much is the loss on one (in ₹)?
  37. 37.One glass of chai costs Rohan ₹33 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One potted plant costs ₹32 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.One handmade card costs Dev ₹59 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 70
  3. 9
  4. True
  5. False
  6. 61
  7. what it cost you
  8. what the buyer pays
  9. False
  10. True
  11. SP more than CP
  12. 1
  13. False
  14. 104
  15. selling price
  16. SP less than CP
  17. 168
  18. selling price
  19. 252
  20. Profit
  21. 102
  22. Loss
  23. Profit
  24. 119
  25. 18
  26. Profit
  27. 18
  28. 2
  29. 9
  30. True
  31. Profit
  32. False
  33. Loss
  34. True
  35. 37
  36. 1
  37. Profit
  38. 41
  39. selling price
  40. Loss

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