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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 275 · 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) selling price (b) cost price
  2. 2.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.Kavya makes 7 handmade cards at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  5. 5.It costs ₹46 to make one jute bag. Joseph sells it for ₹66. What is the profit on one (in ₹)?
  6. 6.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.Dev makes 7 glasses of chai at a cost of ₹20 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  9. 9.Gurpreet makes 28 painted pebbles at a cost of ₹9 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) True (b) False
  11. 11.One glass of chai costs ₹20 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.One handmade card costs Nisha ₹28 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One handmade card costs ₹14 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  14. 14.Gurpreet makes 17 painted pebbles at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  15. 15.True or false: “what you paid for it” is the cost price. (a) True (b) False
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  18. 18.It costs ₹58 to make one potted plant. Arjun sells it for ₹77. What is the profit on one (in ₹)?
  19. 19.It costs ₹24 to make one potted plant. Ishaan sells it for ₹26. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  21. 21.It costs ₹17 to make one cup of lemonade. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.It costs ₹28 to make one cup of lemonade. On the last day Meera sells it for only ₹26. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  25. 25.It costs ₹58 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.True or false: “cost of making one” is the cost price. (a) False (b) True
  27. 27.It costs ₹19 to make one handmade card. Riya sells it for ₹22. What is the profit on one (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  30. 30.One jute bag costs Lakshmi ₹29 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.True or false: “what a customer pays” is the cost price. (a) False (b) True
  33. 33.It costs ₹20 to make one paper bookmark. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  34. 34.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  35. 35.Kavya makes 8 handmade cards at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  36. 36.True or false: “money got from a sale” is the selling price. (a) False (b) True
  37. 37.It costs ₹49 to make one fruit cup. Diya sells it for ₹67. What is the profit on one (in ₹)?
  38. 38.Aarav makes 5 jute bags at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  39. 39.One bag of popcorn costs ₹35 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. SP more than CP
  3. False
  4. 14
  5. 20
  6. SP less than CP
  7. cost price
  8. 42
  9. 224
  10. True
  11. 26
  12. Profit
  13. 32
  14. 102
  15. True
  16. True
  17. selling price
  18. 19
  19. 2
  20. what it cost you
  21. 7
  22. cost price
  23. 2
  24. cost price
  25. 4
  26. True
  27. 3
  28. False
  29. True
  30. Loss
  31. selling price
  32. False
  33. 8
  34. what the buyer pays
  35. 72
  36. True
  37. 18
  38. 65
  39. 53
  40. False

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