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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 21 · 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.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.One cupcake costs Tara ₹40 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  6. 6.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  7. 7.True or false: “money got from a sale” is the selling price. (a) True (b) False
  8. 8.Joseph makes 11 paper bookmarks at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.True or false: “the price on your board” is the selling price. (a) False (b) True
  13. 13.It costs ₹25 to make one fruit cup. On the last day Ishaan sells it for only ₹18. How much is the loss on one (in ₹)?
  14. 14.It costs ₹16 to make one painted pebble. Riya sells it for ₹24. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.Dev makes 5 fruit cups at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  17. 17.It costs ₹22 to make one potted plant. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  18. 18.It costs ₹48 to make one paper bookmark. Vihaan sells it for ₹61. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.Ananya makes 27 glasses of chai at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.One friendship band costs ₹26 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.Saanvi makes 12 potted plants at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  24. 24.Rohan makes 12 cupcakes at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  25. 25.Kavya makes 18 cupcakes at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price you sell at” is the selling price. (a) False (b) True
  27. 27.One painted pebble costs Dev ₹30 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹29 to make one cupcake. Saanvi sells it for ₹48. What is the profit on one (in ₹)?
  29. 29.It costs ₹13 to make one friendship band. Kavya sells it for ₹25. What is the profit on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the cost price. (a) False (b) True
  31. 31.One glass of chai costs Meera ₹51 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One painted pebble costs ₹22 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.One fruit cup costs ₹47 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹47 to make one fruit cup. On the last day Rohan sells it for only ₹46. How much is the loss on one (in ₹)?
  35. 35.It costs ₹38 to make one potted plant. Rohan sells it for ₹56. What is the profit on one (in ₹)?
  36. 36.It costs ₹47 to make one jute bag. On the last day Riya sells it for only ₹46. How much is the loss on one (in ₹)?
  37. 37.It costs ₹43 to make one handmade card. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  38. 38.It costs ₹26 to make one jute bag. Lakshmi sells it for ₹44. What is the profit on one (in ₹)?
  39. 39.One fruit cup costs ₹28 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “what you paid for it” is the selling price. (a) False (b) True

Answer key

  1. SP less than CP
  2. False
  3. Profit
  4. cost price
  5. what the buyer pays
  6. what it cost you
  7. True
  8. 11
  9. selling price
  10. SP more than CP
  11. selling price
  12. True
  13. 7
  14. 8
  15. cost price
  16. 60
  17. 12
  18. 13
  19. cost price
  20. 270
  21. cost price
  22. 31
  23. 84
  24. 24
  25. 72
  26. True
  27. Profit
  28. 19
  29. 12
  30. False
  31. Profit
  32. 25
  33. 60
  34. 1
  35. 18
  36. 1
  37. 15
  38. 18
  39. 38
  40. False

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