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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 219 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.True or false: “the price you sell at” is the cost price. (a) False (b) True
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  5. 5.True or false: “money got from a sale” is the selling price. (a) False (b) True
  6. 6.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  7. 7.True or false: “cost of making one” is the cost price. (a) True (b) False
  8. 8.It costs ₹15 to make one paper bookmark. Tara sells it for ₹18. What is the profit on one (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) False (b) True
  10. 10.Aarav makes 5 painted pebbles at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  11. 11.One paper bookmark costs ₹11 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  12. 12.One painted pebble costs ₹7 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹11 to make one potted plant. Meera sells it for ₹27. What is the profit on one (in ₹)?
  14. 14.True or false: “what a customer pays” is the cost price. (a) False (b) True
  15. 15.It costs ₹47 to make one potted plant. Riya sells it for ₹57. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.It costs ₹35 to make one painted pebble. Ishaan sells it for ₹38. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  21. 21.Kabir makes 27 bags of popcorn at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  22. 22.It costs ₹47 to make one painted pebble. On the last day Aarav sells it for only ₹37. How much is the loss on one (in ₹)?
  23. 23.Tara makes 24 glasses of chai at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  24. 24.True or false: “the price on your board” is the selling price. (a) True (b) False
  25. 25.It costs ₹24 to make one potted plant. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  26. 26.One cupcake costs ₹36 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  29. 29.One handmade card costs Arjun ₹28 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹62 to make one cup of lemonade. On the last day Tara sells it for only ₹57. How much is the loss on one (in ₹)?
  31. 31.One glass of chai costs ₹19 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹54 to make one painted pebble. Arjun sells it for ₹67. What is the profit on one (in ₹)?
  33. 33.Joseph makes 30 paper bookmarks at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  34. 34.One potted plant costs ₹51 to make. Lakshmi wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  35. 35.Aarav makes 26 friendship bands at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  36. 36.True or false: “money spent to get it” is the cost price. (a) True (b) False
  37. 37.One painted pebble costs Rohan ₹47 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹47 to make one paper bookmark. On the last day Ishaan sells it for only ₹42. How much is the loss on one (in ₹)?
  39. 39.It costs ₹37 to make one fruit cup. On the last day Gurpreet sells it for only ₹33. How much is the loss on one (in ₹)?
  40. 40.It costs ₹52 to make one cupcake. On the last day Rohan sells it for only ₹44. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. selling price
  3. False
  4. SP less than CP
  5. True
  6. what the buyer pays
  7. True
  8. 3
  9. True
  10. 65
  11. 27
  12. 23
  13. 16
  14. False
  15. 10
  16. selling price
  17. SP more than CP
  18. True
  19. 3
  20. selling price
  21. 81
  22. 10
  23. 72
  24. True
  25. 13
  26. 46
  27. cost price
  28. selling price
  29. Profit
  30. 5
  31. 36
  32. 13
  33. 390
  34. 63
  35. 104
  36. True
  37. Loss
  38. 5
  39. 4
  40. 8

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