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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 186 · 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.One painted pebble costs Ananya ₹47 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.One painted pebble costs Aarav ₹60 to make and sells for ₹71. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.One handmade card costs Joseph ₹32 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  5. 5.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  6. 6.One fruit cup costs Kabir ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  8. 8.It costs ₹9 to make one glass of chai. On the last day Lakshmi sells it for only ₹8. How much is the loss on one (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) True (b) False
  10. 10.One bag of popcorn costs ₹28 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.One fruit cup costs Diya ₹53 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.One bag of popcorn costs Vihaan ₹25 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.Vihaan makes 14 potted plants at a cost of ₹22 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  18. 18.One cupcake costs ₹51 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.One handmade card costs ₹55 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “the price you sell at” is the selling price. (a) True (b) False
  25. 25.Joseph makes 12 potted plants at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  26. 26.One handmade card costs ₹19 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  27. 27.One clay diya costs Tara ₹16 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹58 to make one paper bookmark. On the last day Vihaan sells it for only ₹56. How much is the loss on one (in ₹)?
  29. 29.One paper bookmark costs Saanvi ₹19 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  31. 31.It costs ₹28 to make one handmade card. On the last day Rohan sells it for only ₹22. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  33. 33.One fruit cup costs ₹14 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money spent to get it” is the cost price. (a) True (b) False
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.It costs ₹11 to make one bag of popcorn. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  37. 37.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  38. 38.Diya makes 26 cupcakes at a cost of ₹19 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  39. 39.Vihaan makes 22 friendship bands at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  40. 40.One handmade card costs ₹27 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?

Answer key

  1. Loss
  2. Profit
  3. Loss
  4. SP less than CP
  5. what the buyer pays
  6. Profit
  7. cost price
  8. 1
  9. True
  10. 34
  11. Loss
  12. False
  13. selling price
  14. Profit
  15. cost price
  16. 112
  17. cost price
  18. 60
  19. selling price
  20. False
  21. False
  22. selling price
  23. 62
  24. True
  25. 12
  26. 32
  27. Loss
  28. 2
  29. Loss
  30. True
  31. 6
  32. cost price
  33. 29
  34. True
  35. False
  36. 15
  37. SP more than CP
  38. 156
  39. 286
  40. 44

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