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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 209 · 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.Meera makes 14 cupcakes at a cost of ₹19 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  4. 4.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.It costs ₹50 to make one friendship band. On the last day Kabir sells it for only ₹45. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.Aarav makes 16 potted plants at a cost of ₹7 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.It costs ₹18 to make one jute bag. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  11. 11.True or false: “the price on your board” is the selling price. (a) True (b) False
  12. 12.It costs ₹21 to make one handmade card. Meera sells it for ₹40. What is the profit on one (in ₹)?
  13. 13.One cup of lemonade costs ₹60 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  16. 16.It costs ₹56 to make one potted plant. On the last day Vihaan sells it for only ₹46. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.True or false: “what a customer pays” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  20. 20.It costs ₹47 to make one paper bookmark. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  21. 21.One painted pebble costs ₹32 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  22. 22.One jute bag costs Gurpreet ₹48 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One cup of lemonade costs ₹59 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹46 to make one friendship band. On the last day Ishaan sells it for only ₹38. How much is the loss on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  27. 27.One paper bookmark costs Lakshmi ₹33 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One jute bag costs ₹9 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the price you sell at” is the selling price. (a) True (b) False
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.True or false: “money got from a sale” is the selling price. (a) True (b) False
  32. 32.It costs ₹49 to make one handmade card. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  33. 33.One handmade card costs Tara ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.It costs ₹18 to make one handmade card. Meera sells it for ₹19. What is the profit on one (in ₹)?
  36. 36.One handmade card costs Gurpreet ₹46 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹12 to make one fruit cup. On the last day Tara sells it for only ₹7. How much is the loss on one (in ₹)?
  38. 38.It costs ₹36 to make one paper bookmark. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?
  39. 39.It costs ₹10 to make one jute bag. Diya sells it for ₹13. What is the profit on one (in ₹)?
  40. 40.Aarav makes 23 cups of lemonade at a cost of ₹5 each and sells all of them at ₹9 each. What is the total profit (in ₹)?

Answer key

  1. 140
  2. selling price
  3. what the buyer pays
  4. SP less than CP
  5. False
  6. 5
  7. cost price
  8. 112
  9. cost price
  10. 10
  11. True
  12. 19
  13. 67
  14. SP more than CP
  15. selling price
  16. 10
  17. False
  18. True
  19. what it cost you
  20. 7
  21. 48
  22. Profit
  23. 69
  24. 8
  25. True
  26. cost price
  27. Loss
  28. 17
  29. True
  30. selling price
  31. True
  32. 7
  33. Loss
  34. cost price
  35. 1
  36. Loss
  37. 5
  38. 7
  39. 3
  40. 92

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