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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 164 · 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.It costs ₹36 to make one friendship band. Joseph sells it for ₹42. What is the profit on one (in ₹)?
  2. 2.True or false: “money got from a sale” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  6. 6.One bag of popcorn costs ₹44 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  8. 8.It costs ₹51 to make one bag of popcorn. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  9. 9.Dev makes 14 bags of popcorn at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  12. 12.One bag of popcorn costs ₹21 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹57 to make one handmade card. On the last day Riya sells it for only ₹50. How much is the loss on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.One fruit cup costs ₹16 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹47 to make one paper bookmark. Ananya sells it for ₹61. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹34 to make. Gurpreet wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.Zoya makes 18 friendship bands at a cost of ₹6 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  21. 21.It costs ₹5 to make one bag of popcorn. Vihaan sells it for ₹25. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  23. 23.It costs ₹42 to make one bag of popcorn. Farhan sells it for ₹44. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹53 to make one clay diya. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  26. 26.One friendship band costs Meera ₹48 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.It costs ₹35 to make one potted plant. Kavya sells it for ₹45. 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.True or false: “cost of making one” is the selling price. (a) False (b) True
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.One jute bag costs ₹15 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  34. 34.It costs ₹65 to make one friendship band. On the last day Lakshmi sells it for only ₹55. How much is the loss on one (in ₹)?
  35. 35.Joseph makes 5 fruit cups at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  36. 36.It costs ₹43 to make one clay diya. Tara sells it for ₹47. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.Arjun makes 25 handmade cards at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  39. 39.One bag of popcorn costs ₹10 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. 6
  2. True
  3. selling price
  4. SP more than CP
  5. what the buyer pays
  6. 63
  7. SP less than CP
  8. 9
  9. 14
  10. cost price
  11. what it cost you
  12. 31
  13. 7
  14. False
  15. False
  16. 17
  17. 14
  18. 37
  19. selling price
  20. 198
  21. 20
  22. selling price
  23. 2
  24. cost price
  25. 11
  26. Loss
  27. False
  28. 10
  29. cost price
  30. False
  31. False
  32. 33
  33. cost price
  34. 10
  35. 15
  36. 4
  37. selling price
  38. 150
  39. 29
  40. True

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