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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 143 · 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.True or false: “cost of making one” is the cost price. (a) False (b) True
  2. 2.Lakshmi makes 10 friendship bands at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.Meera makes 10 potted plants at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  5. 5.It costs ₹26 to make one cupcake. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.It costs ₹14 to make one jute bag. Ishaan sells it for ₹21. What is the profit on one (in ₹)?
  8. 8.Joseph makes 8 cupcakes at a cost of ₹18 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹25 to make one bag of popcorn. On the last day Ishaan sells it for only ₹20. How much is the loss on one (in ₹)?
  11. 11.One fruit cup costs ₹36 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  12. 12.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  13. 13.Arjun makes 10 handmade cards at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  16. 16.Dev makes 21 handmade cards at a cost of ₹20 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  19. 19.One jute bag costs ₹58 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  20. 20.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  21. 21.Ishaan makes 5 handmade cards at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) True (b) False
  23. 23.One handmade card costs ₹38 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  24. 24.Ishaan makes 11 jute bags at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  25. 25.One cup of lemonade costs ₹21 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.Zoya makes 19 paper bookmarks at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  27. 27.One cupcake costs Ishaan ₹53 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹49 to make one glass of chai. Kabir sells it for ₹63. What is the profit on one (in ₹)?
  29. 29.It costs ₹57 to make one friendship band. Saanvi sells it for ₹71. What is the profit on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  33. 33.It costs ₹37 to make one jute bag. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  34. 34.It costs ₹12 to make one paper bookmark. Ananya sells it for ₹32. What is the profit on one (in ₹)?
  35. 35.It costs ₹50 to make one friendship band. Ishaan sells it for ₹68. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.One painted pebble costs Kavya ₹26 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  39. 39.One bag of popcorn costs ₹42 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹49 to make one potted plant. Kavya sells it for ₹53. What is the profit on one (in ₹)?

Answer key

  1. True
  2. 100
  3. False
  4. 10
  5. 18
  6. selling price
  7. 7
  8. 96
  9. cost price
  10. 5
  11. 41
  12. what the buyer pays
  13. 140
  14. what it cost you
  15. False
  16. 126
  17. False
  18. cost price
  19. 65
  20. SP less than CP
  21. 60
  22. False
  23. 46
  24. 33
  25. 23
  26. 209
  27. Loss
  28. 14
  29. 14
  30. False
  31. cost price
  32. cost price
  33. 6
  34. 20
  35. 18
  36. selling price
  37. Profit
  38. selling price
  39. 46
  40. 4

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