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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 179 · 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 ₹6 to make one bag of popcorn. Meera sells it for ₹26. What is the profit on one (in ₹)?
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.True or false: “the price on your board” is the selling price. (a) False (b) True
  5. 5.It costs ₹7 to make one jute bag. Ishaan sells it for ₹23. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  8. 8.It costs ₹53 to make one friendship band. Rohan sells it for ₹66. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.It costs ₹30 to make one fruit cup. Vihaan sells it for ₹46. What is the profit on one (in ₹)?
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.It costs ₹17 to make one jute bag. On the last day Diya sells it for only ₹8. How much is the loss on one (in ₹)?
  14. 14.It costs ₹49 to make one jute bag. Kavya sells it for ₹64. What is the profit on one (in ₹)?
  15. 15.It costs ₹8 to make one clay diya. Zoya sells it for ₹18. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.Riya makes 9 potted plants at a cost of ₹38 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  19. 19.True or false: “what a customer pays” is the cost price. (a) False (b) True
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.It costs ₹16 to make one friendship band. Tara sells it for ₹19. What is the profit on one (in ₹)?
  22. 22.It costs ₹60 to make one glass of chai. On the last day Aarav sells it for only ₹50. How much is the loss on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.One paper bookmark costs ₹43 to make. Joseph wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.True or false: “the price you sell at” is the cost price. (a) True (b) False
  27. 27.It costs ₹23 to make one glass of chai. Kabir sells it for ₹29. What is the profit on one (in ₹)?
  28. 28.It costs ₹52 to make one jute bag. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  29. 29.One jute bag costs ₹59 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹16 to make one bag of popcorn. Ananya sells it for ₹18. What is the profit on one (in ₹)?
  31. 31.One fruit cup costs Meera ₹26 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  33. 33.It costs ₹43 to make one handmade card. Diya sells it for ₹63. What is the profit on one (in ₹)?
  34. 34.It costs ₹17 to make one handmade card. Farhan sells it for ₹23. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.It costs ₹22 to make one bag of popcorn. On the last day Nisha sells it for only ₹20. How much is the loss on one (in ₹)?
  37. 37.One friendship band costs ₹8 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹15 to make one fruit cup. On the last day Meera sells it for only ₹11. How much is the loss on one (in ₹)?
  39. 39.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  40. 40.True or false: “what a customer pays” is the selling price. (a) True (b) False

Answer key

  1. 20
  2. False
  3. selling price
  4. True
  5. 16
  6. cost price
  7. what it cost you
  8. 13
  9. selling price
  10. selling price
  11. 16
  12. False
  13. 9
  14. 15
  15. 10
  16. SP more than CP
  17. selling price
  18. 54
  19. False
  20. False
  21. 3
  22. 10
  23. True
  24. 53
  25. True
  26. False
  27. 6
  28. 6
  29. 76
  30. 2
  31. Profit
  32. cost price
  33. 20
  34. 6
  35. cost price
  36. 2
  37. 13
  38. 4
  39. SP less than CP
  40. True

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