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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 158 · 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 means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  2. 2.It costs ₹21 to make one painted pebble. Saanvi sells it for ₹28. What is the profit on one (in ₹)?
  3. 3.One fruit cup costs ₹38 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹11 to make one handmade card. Ananya sells it for ₹31. What is the profit on one (in ₹)?
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  7. 7.It costs ₹53 to make one jute bag. Meera sells it for ₹63. What is the profit on one (in ₹)?
  8. 8.Kabir makes 17 bags of popcorn at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  10. 10.It costs ₹28 to make one jute bag. On the last day Tara sells it for only ₹19. How much is the loss on one (in ₹)?
  11. 11.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  12. 12.One cupcake costs ₹18 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.Aarav makes 22 clay diyas at a cost of ₹36 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.It costs ₹38 to make one jute bag. On the last day Zoya sells it for only ₹28. How much is the loss on one (in ₹)?
  16. 16.True or false: “the price you sell at” is the selling price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  20. 20.Joseph makes 26 fruit cups at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  21. 21.One clay diya costs Rohan ₹32 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.True or false: “cost of making one” is the selling price. (a) False (b) True
  26. 26.It costs ₹59 to make one potted plant. Diya sells it for ₹68. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.One handmade card costs ₹29 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹41 to make one handmade card. On the last day Vihaan sells it for only ₹34. How much is the loss on one (in ₹)?
  30. 30.Vihaan makes 16 handmade cards at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  31. 31.One potted plant costs ₹28 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  32. 32.Ananya makes 11 handmade cards at a cost of ₹35 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) False (b) True
  34. 34.Zoya makes 8 clay diyas at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  35. 35.One cup of lemonade costs ₹31 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  36. 36.One handmade card costs ₹32 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) False (b) True
  38. 38.One bag of popcorn costs Ishaan ₹28 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One glass of chai costs ₹45 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. what it cost you
  2. 7
  3. 57
  4. 20
  5. False
  6. cost price
  7. 10
  8. 51
  9. selling price
  10. 9
  11. what the buyer pays
  12. 28
  13. 220
  14. selling price
  15. 10
  16. True
  17. SP less than CP
  18. selling price
  19. SP more than CP
  20. 390
  21. Loss
  22. selling price
  23. True
  24. False
  25. False
  26. 9
  27. cost price
  28. 34
  29. 7
  30. 32
  31. 45
  32. 22
  33. True
  34. 56
  35. 45
  36. 41
  37. False
  38. Loss
  39. 50
  40. True

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