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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 27 · 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) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.It costs ₹43 to make one potted plant. On the last day Kavya sells it for only ₹38. How much is the loss on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the selling price. (a) True (b) False
  6. 6.One paper bookmark costs ₹35 to make. Nisha wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  7. 7.Diya makes 11 bags of popcorn at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  8. 8.Kavya makes 28 potted plants at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  9. 9.Aarav makes 25 potted plants at a cost of ₹40 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.One clay diya costs ₹19 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹44 to make one potted plant. Lakshmi sells it for ₹47. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  15. 15.It costs ₹59 to make one handmade card. Meera sells it for ₹73. What is the profit on one (in ₹)?
  16. 16.It costs ₹6 to make one cup of lemonade. Tara sells it for ₹16. What is the profit on one (in ₹)?
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  18. 18.True or false: “the price you sell at” is the selling price. (a) True (b) False
  19. 19.One jute bag costs ₹15 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “what you paid for it” is the selling price. (a) True (b) False
  21. 21.One painted pebble costs Joseph ₹18 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One bag of popcorn costs Tara ₹20 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹20 to make one paper bookmark. On the last day Kabir sells it for only ₹10. How much is the loss on one (in ₹)?
  24. 24.It costs ₹16 to make one friendship band. Saanvi sells it for ₹17. What is the profit on one (in ₹)?
  25. 25.Arjun makes 23 clay diyas at a cost of ₹20 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  26. 26.It costs ₹13 to make one bag of popcorn. Ishaan sells it for ₹27. What is the profit on one (in ₹)?
  27. 27.It costs ₹15 to make one bag of popcorn. On the last day Nisha sells it for only ₹11. How much is the loss on one (in ₹)?
  28. 28.One handmade card costs Meera ₹54 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.Kavya makes 20 cupcakes at a cost of ₹6 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.Meera makes 8 clay diyas at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.It costs ₹64 to make one paper bookmark. On the last day Arjun sells it for only ₹57. How much is the loss on one (in ₹)?
  33. 33.True or false: “money spent to get it” is the cost price. (a) True (b) False
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.It costs ₹28 to make one cupcake. On the last day Nisha sells it for only ₹25. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.It costs ₹31 to make one jute bag. Kabir sells it for ₹41. What is the profit on one (in ₹)?
  39. 39.It costs ₹19 to make one fruit cup. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  40. 40.It costs ₹37 to make one handmade card. On the last day Tara sells it for only ₹30. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. False
  3. selling price
  4. 5
  5. True
  6. 50
  7. 154
  8. 280
  9. 275
  10. True
  11. 35
  12. 3
  13. selling price
  14. what the buyer pays
  15. 14
  16. 10
  17. SP less than CP
  18. True
  19. 34
  20. False
  21. Profit
  22. Profit
  23. 10
  24. 1
  25. 276
  26. 14
  27. 4
  28. Loss
  29. 260
  30. False
  31. 16
  32. 7
  33. True
  34. True
  35. 3
  36. selling price
  37. cost price
  38. 10
  39. 10
  40. 7

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