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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 247 · 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: what a customer pays? (a) cost price (b) selling price
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  3. 3.It costs ₹25 to make one potted plant. On the last day Saanvi sells it for only ₹15. How much is the loss on one (in ₹)?
  4. 4.Tara makes 10 friendship bands at a cost of ₹8 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  5. 5.It costs ₹8 to make one paper bookmark. Aarav sells it for ₹23. What is the profit on one (in ₹)?
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  7. 7.It costs ₹33 to make one paper bookmark. Dev sells it for ₹40. What is the profit on one (in ₹)?
  8. 8.Dev makes 16 fruit cups at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) True (b) False
  10. 10.True or false: “cost of making one” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.It costs ₹8 to make one cupcake. On the last day Dev sells it for only ₹5. How much is the loss on one (in ₹)?
  13. 13.It costs ₹31 to make one glass of chai. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.It costs ₹24 to make one potted plant. On the last day Farhan sells it for only ₹18. How much is the loss on one (in ₹)?
  17. 17.It costs ₹54 to make one potted plant. Nisha sells it for ₹60. What is the profit on one (in ₹)?
  18. 18.One friendship band costs Dev ₹56 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹15 to make one glass of chai. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.It costs ₹16 to make one bag of popcorn. On the last day Riya sells it for only ₹8. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  23. 23.One paper bookmark costs ₹35 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹39 to make one potted plant. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  26. 26.Saanvi makes 23 paper bookmarks at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) False (b) True
  28. 28.One cupcake costs Riya ₹53 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹16 to make one paper bookmark. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  30. 30.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  31. 31.Saanvi makes 27 jute bags at a cost of ₹6 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  32. 32.It costs ₹46 to make one cup of lemonade. Ananya sells it for ₹55. What is the profit on one (in ₹)?
  33. 33.True or false: “what a customer pays” is the cost price. (a) False (b) True
  34. 34.One handmade card costs Nisha ₹23 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “money spent to get it” is the selling price. (a) True (b) False
  36. 36.Dev makes 29 bags of popcorn at a cost of ₹36 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  37. 37.It costs ₹53 to make one cup of lemonade. Tara sells it for ₹66. What is the profit on one (in ₹)?
  38. 38.Kavya makes 25 fruit cups at a cost of ₹19 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.It costs ₹39 to make one paper bookmark. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  40. 40.Rohan makes 7 painted pebbles at a cost of ₹35 each and sells all of them at ₹45 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. what it cost you
  3. 10
  4. 60
  5. 15
  6. what the buyer pays
  7. 7
  8. 48
  9. True
  10. True
  11. selling price
  12. 3
  13. 17
  14. False
  15. True
  16. 6
  17. 6
  18. Profit
  19. 8
  20. cost price
  21. 8
  22. selling price
  23. 53
  24. cost price
  25. 5
  26. 69
  27. False
  28. Loss
  29. 9
  30. SP less than CP
  31. 81
  32. 9
  33. False
  34. Profit
  35. False
  36. 435
  37. 13
  38. 200
  39. 13
  40. 70

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