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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 159 · 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.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.One bag of popcorn costs Kabir ₹46 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.It costs ₹50 to make one painted pebble. On the last day Kabir sells it for only ₹48. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.It costs ₹22 to make one paper bookmark. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the cost price. (a) True (b) False
  12. 12.Dev makes 25 painted pebbles at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  13. 13.One bag of popcorn costs ₹41 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “what you paid for it” is the cost price. (a) True (b) False
  15. 15.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.Arjun makes 29 jute bags at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  20. 20.It costs ₹38 to make one paper bookmark. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  21. 21.It costs ₹44 to make one jute bag. Ishaan sells it for ₹64. What is the profit on one (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.It costs ₹7 to make one clay diya. On the last day Saanvi sells it for only ₹5. How much is the loss on one (in ₹)?
  24. 24.It costs ₹39 to make one painted pebble. Nisha sells it for ₹44. What is the profit on one (in ₹)?
  25. 25.Saanvi makes 29 paper bookmarks at a cost of ₹35 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  26. 26.One cupcake costs Gurpreet ₹54 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.It costs ₹16 to make one handmade card. Farhan sells it for ₹22. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  29. 29.It costs ₹56 to make one cupcake. Rohan sells it for ₹70. What is the profit on one (in ₹)?
  30. 30.Nisha makes 21 painted pebbles at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  31. 31.It costs ₹19 to make one paper bookmark. Tara sells it for ₹35. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  33. 33.One potted plant costs Meera ₹34 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹36 to make one jute bag. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs ₹50 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.Arjun makes 5 jute bags at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  37. 37.True or false: “money spent to get it” is the selling price. (a) True (b) False
  38. 38.True or false: “cost of making one” is the selling price. (a) True (b) False
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.One handmade card costs Arjun ₹54 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP less than CP
  2. what it cost you
  3. cost price
  4. Loss
  5. selling price
  6. 2
  7. cost price
  8. cost price
  9. 15
  10. cost price
  11. False
  12. 350
  13. 48
  14. True
  15. SP more than CP
  16. True
  17. what the buyer pays
  18. False
  19. 406
  20. 7
  21. 20
  22. True
  23. 2
  24. 5
  25. 116
  26. Loss
  27. 6
  28. selling price
  29. 14
  30. 147
  31. 16
  32. selling price
  33. Loss
  34. 5
  35. 53
  36. 65
  37. False
  38. False
  39. False
  40. Profit

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