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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 242 · 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 or selling price: the price you sell at? (a) cost price (b) selling price
  2. 2.It costs ₹32 to make one handmade card. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  3. 3.One jute bag costs Ananya ₹41 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.Meera makes 9 bags of popcorn at a cost of ₹26 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  5. 5.One painted pebble costs Zoya ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  7. 7.One bag of popcorn costs ₹20 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.It costs ₹8 to make one cup of lemonade. Arjun sells it for ₹18. What is the profit on one (in ₹)?
  10. 10.It costs ₹46 to make one handmade card. Kabir sells it for ₹57. What is the profit on one (in ₹)?
  11. 11.Kabir makes 28 paper bookmarks at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  12. 12.One potted plant costs ₹23 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.True or false: “what a customer pays” is the cost price. (a) True (b) False
  19. 19.True or false: “what you paid for it” is the selling price. (a) False (b) True
  20. 20.Aarav makes 10 paper bookmarks at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  22. 22.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.One fruit cup costs Joseph ₹19 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Diya makes 12 clay diyas at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  28. 28.One handmade card costs ₹22 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.One paper bookmark costs ₹40 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  31. 31.One glass of chai costs Arjun ₹22 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One cup of lemonade costs ₹8 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.One cup of lemonade costs ₹60 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  36. 36.It costs ₹8 to make one cupcake. Lakshmi sells it for ₹10. What is the profit on one (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  38. 38.True or false: “the price on your board” is the cost price. (a) True (b) False
  39. 39.One handmade card costs ₹40 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹55 to make one potted plant. Ananya sells it for ₹61. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. 9
  3. Profit
  4. 9
  5. Loss
  6. what the buyer pays
  7. 39
  8. cost price
  9. 10
  10. 11
  11. 28
  12. 41
  13. selling price
  14. cost price
  15. what it cost you
  16. selling price
  17. cost price
  18. False
  19. False
  20. 70
  21. False
  22. SP more than CP
  23. False
  24. Loss
  25. 12
  26. True
  27. cost price
  28. 33
  29. True
  30. 45
  31. Loss
  32. 26
  33. 69
  34. True
  35. SP less than CP
  36. 2
  37. True
  38. False
  39. 59
  40. 6

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