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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 244 · 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.True or false: “money got from a sale” is the cost price. (a) False (b) True
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  4. 4.True or false: “cost of making one” is the selling price. (a) True (b) False
  5. 5.It costs ₹12 to make one friendship band. On the last day Aarav sells it for only ₹11. How much is the loss on one (in ₹)?
  6. 6.Joseph makes 8 clay diyas at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  7. 7.One bag of popcorn costs ₹24 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.One bag of popcorn costs ₹60 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  12. 12.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  13. 13.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  14. 14.One bag of popcorn costs Lakshmi ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.It costs ₹45 to make one potted plant. Rohan sells it for ₹58. What is the profit on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.Gurpreet makes 5 clay diyas at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  20. 20.It costs ₹53 to make one jute bag. On the last day Zoya sells it for only ₹47. How much is the loss on one (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) False (b) True
  22. 22.One cup of lemonade costs ₹8 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.One handmade card costs Riya ₹48 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One clay diya costs Gurpreet ₹52 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.It costs ₹57 to make one cupcake. Kabir sells it for ₹77. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.One friendship band costs ₹8 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.Gurpreet makes 8 friendship bands at a cost of ₹37 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  32. 32.It costs ₹34 to make one jute bag. On the last day Rohan sells it for only ₹25. How much is the loss on one (in ₹)?
  33. 33.One jute bag costs Ananya ₹55 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Riya makes 8 paper bookmarks at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  35. 35.It costs ₹66 to make one glass of chai. On the last day Riya sells it for only ₹59. How much is the loss on one (in ₹)?
  36. 36.One cup of lemonade costs ₹22 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.Nisha makes 5 friendship bands at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  38. 38.One potted plant costs ₹21 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.Gurpreet makes 17 friendship bands at a cost of ₹5 each and sells all of them at ₹10 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. False
  3. what it cost you
  4. False
  5. 1
  6. 88
  7. 26
  8. cost price
  9. SP more than CP
  10. True
  11. 78
  12. SP less than CP
  13. what the buyer pays
  14. Profit
  15. cost price
  16. 13
  17. False
  18. selling price
  19. 40
  20. 6
  21. True
  22. 12
  23. True
  24. Profit
  25. Profit
  26. cost price
  27. 20
  28. selling price
  29. 20
  30. True
  31. 80
  32. 9
  33. Profit
  34. 112
  35. 7
  36. 35
  37. 45
  38. 26
  39. False
  40. 85

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