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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 270 · 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 wholesale price paid? (a) selling price (b) cost price
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  3. 3.True or false: “cost of making one” is the selling price. (a) False (b) True
  4. 4.Gurpreet makes 27 paper bookmarks at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  5. 5.It costs ₹33 to make one bag of popcorn. On the last day Arjun sells it for only ₹29. How much is the loss on one (in ₹)?
  6. 6.It costs ₹26 to make one painted pebble. Joseph sells it for ₹28. What is the profit on one (in ₹)?
  7. 7.One cupcake costs ₹58 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.It costs ₹20 to make one painted pebble. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the cost price. (a) False (b) True
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.One handmade card costs ₹44 to make. Vihaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.True or false: “the price you sell at” is the selling price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.It costs ₹32 to make one cup of lemonade. On the last day Ananya sells it for only ₹24. How much is the loss on one (in ₹)?
  17. 17.It costs ₹36 to make one jute bag. Riya sells it for ₹55. What is the profit on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.One glass of chai costs ₹54 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  20. 20.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  21. 21.One jute bag costs ₹45 to make. Nisha wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.True or false: “what a customer pays” is the cost price. (a) True (b) False
  24. 24.It costs ₹43 to make one bag of popcorn. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  25. 25.Lakshmi makes 27 paper bookmarks at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  27. 27.It costs ₹38 to make one clay diya. On the last day Saanvi sells it for only ₹30. How much is the loss on one (in ₹)?
  28. 28.It costs ₹60 to make one potted plant. Joseph sells it for ₹77. What is the profit on one (in ₹)?
  29. 29.True or false: “money spent to get it” is the selling price. (a) False (b) True
  30. 30.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  31. 31.It costs ₹48 to make one fruit cup. On the last day Tara sells it for only ₹38. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  33. 33.It costs ₹45 to make one cupcake. On the last day Dev sells it for only ₹40. How much is the loss on one (in ₹)?
  34. 34.It costs ₹42 to make one jute bag. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  36. 36.Riya makes 8 handmade cards at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  37. 37.One glass of chai costs Diya ₹17 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One jute bag costs Ananya ₹36 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One cup of lemonade costs Ananya ₹33 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.Diya makes 5 potted plants at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. False
  3. False
  4. 162
  5. 4
  6. 2
  7. 71
  8. selling price
  9. 8
  10. True
  11. False
  12. 54
  13. selling price
  14. True
  15. cost price
  16. 8
  17. 19
  18. False
  19. 64
  20. what the buyer pays
  21. 64
  22. True
  23. False
  24. 2
  25. 324
  26. cost price
  27. 8
  28. 17
  29. False
  30. SP less than CP
  31. 10
  32. what it cost you
  33. 5
  34. 11
  35. True
  36. 32
  37. Loss
  38. Loss
  39. Profit
  40. 50

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