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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 261 · 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: money got from a sale? (a) cost price (b) selling price
  2. 2.One clay diya costs Farhan ₹40 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.It costs ₹41 to make one clay diya. Ishaan sells it for ₹42. What is the profit on one (in ₹)?
  5. 5.True or false: “money got from a sale” is the cost price. (a) True (b) False
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.One handmade card costs ₹19 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹46 to make one bag of popcorn. Tara sells it for ₹47. What is the profit on one (in ₹)?
  12. 12.True or false: “the price on your board” is the cost price. (a) False (b) True
  13. 13.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  14. 14.It costs ₹47 to make one jute bag. Gurpreet sells it for ₹64. What is the profit on one (in ₹)?
  15. 15.It costs ₹55 to make one potted plant. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  16. 16.One cupcake costs ₹52 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  17. 17.One bag of popcorn costs ₹41 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹26 to make one handmade card. Kabir sells it for ₹35. What is the profit on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  22. 22.One fruit cup costs Ananya ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One glass of chai costs ₹31 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹18 to make one paper bookmark. Meera sells it for ₹35. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.One cupcake costs ₹8 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹48 to make one friendship band. Diya sells it for ₹68. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  29. 29.One painted pebble costs ₹25 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.One friendship band costs ₹17 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what a customer pays” is the cost price. (a) True (b) False
  32. 32.Vihaan makes 5 paper bookmarks at a cost of ₹10 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.Kabir makes 29 paper bookmarks at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  35. 35.One cup of lemonade costs Tara ₹42 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One painted pebble costs Aarav ₹37 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One paper bookmark costs Aarav ₹42 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.Ishaan makes 26 potted plants at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  39. 39.One friendship band costs Aarav ₹52 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One clay diya costs ₹15 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. Profit
  3. cost price
  4. 1
  5. False
  6. False
  7. selling price
  8. SP more than CP
  9. False
  10. 23
  11. 1
  12. False
  13. what the buyer pays
  14. 17
  15. 2
  16. 67
  17. 50
  18. 9
  19. True
  20. cost price
  21. what it cost you
  22. Loss
  23. 50
  24. 17
  25. selling price
  26. 14
  27. 20
  28. selling price
  29. 37
  30. 20
  31. False
  32. 30
  33. cost price
  34. 435
  35. Loss
  36. Loss
  37. Loss
  38. 52
  39. Loss
  40. 32

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