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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 185 · 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 ₹57 to make one handmade card. On the last day Tara sells it for only ₹54. How much is the loss on one (in ₹)?
  2. 2.It costs ₹57 to make one friendship band. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  3. 3.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  4. 4.Rohan makes 10 jute bags at a cost of ₹39 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  5. 5.Riya makes 27 cupcakes at a cost of ₹16 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.True or false: “money got from a sale” is the cost price. (a) True (b) False
  7. 7.One painted pebble costs Gurpreet ₹27 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  9. 9.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  10. 10.It costs ₹56 to make one fruit cup. On the last day Kavya sells it for only ₹53. How much is the loss on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.It costs ₹35 to make one friendship band. On the last day Nisha sells it for only ₹26. How much is the loss on one (in ₹)?
  17. 17.Kavya makes 29 bags of popcorn at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  19. 19.It costs ₹17 to make one jute bag. Tara sells it for ₹34. What is the profit on one (in ₹)?
  20. 20.One cupcake costs Rohan ₹25 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One handmade card costs Kabir ₹47 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.It costs ₹25 to make one potted plant. Gurpreet sells it for ₹41. What is the profit on one (in ₹)?
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.One bag of popcorn costs ₹15 to make. Nisha wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹13 to make one painted pebble. Diya sells it for ₹33. What is the profit on one (in ₹)?
  27. 27.It costs ₹43 to make one cup of lemonade. On the last day Nisha sells it for only ₹42. How much is the loss on one (in ₹)?
  28. 28.One fruit cup costs Joseph ₹35 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹31 to make one painted pebble. On the last day Saanvi sells it for only ₹24. How much is the loss on one (in ₹)?
  30. 30.Joseph makes 19 potted plants at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  31. 31.One handmade card costs ₹25 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “money spent to get it” is the selling price. (a) False (b) True
  33. 33.One clay diya costs Zoya ₹57 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹29 to make one potted plant. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.One friendship band costs ₹7 to make. Ishaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs Kabir ₹24 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹12 to make one jute bag. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. 3
  2. 5
  3. SP more than CP
  4. 130
  5. 243
  6. False
  7. Profit
  8. what the buyer pays
  9. what it cost you
  10. 3
  11. False
  12. cost price
  13. selling price
  14. True
  15. cost price
  16. 9
  17. 232
  18. selling price
  19. 17
  20. Profit
  21. Loss
  22. False
  23. 16
  24. True
  25. 27
  26. 20
  27. 1
  28. Loss
  29. 7
  30. 38
  31. 39
  32. False
  33. Profit
  34. 9
  35. selling price
  36. cost price
  37. 21
  38. Loss
  39. 1
  40. True

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