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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 285 · 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.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  2. 2.One potted plant costs Aarav ₹24 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.Farhan makes 11 fruit cups at a cost of ₹18 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.Vihaan makes 9 painted pebbles at a cost of ₹25 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  6. 6.It costs ₹17 to make one friendship band. On the last day Riya sells it for only ₹9. How much is the loss on one (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) True (b) False
  8. 8.It costs ₹49 to make one fruit cup. Ananya sells it for ₹50. What is the profit on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.One jute bag costs ₹9 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  15. 15.One handmade card costs Riya ₹25 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.One fruit cup costs Vihaan ₹45 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹51 to make one paper bookmark. On the last day Meera sells it for only ₹41. How much is the loss on one (in ₹)?
  18. 18.True or false: “what a customer pays” is the cost price. (a) False (b) True
  19. 19.One bag of popcorn costs ₹34 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  20. 20.Dev makes 12 potted plants at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.Nisha makes 8 cupcakes at a cost of ₹39 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  23. 23.Diya makes 27 paper bookmarks at a cost of ₹5 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.One handmade card costs ₹58 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  26. 26.Ishaan makes 8 handmade cards at a cost of ₹14 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  27. 27.One clay diya costs Gurpreet ₹25 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Nisha makes 30 painted pebbles at a cost of ₹39 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  29. 29.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  30. 30.It costs ₹50 to make one painted pebble. Rohan sells it for ₹54. What is the profit on one (in ₹)?
  31. 31.It costs ₹11 to make one bag of popcorn. On the last day Dev sells it for only ₹7. How much is the loss on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  33. 33.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  34. 34.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  35. 35.One friendship band costs ₹31 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  36. 36.Arjun makes 24 bags of popcorn at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price you sell at” is the selling price. (a) False (b) True
  38. 38.It costs ₹10 to make one handmade card. Diya sells it for ₹17. What is the profit on one (in ₹)?
  39. 39.True or false: “cost of making one” is the cost price. (a) True (b) False
  40. 40.It costs ₹47 to make one jute bag. Riya sells it for ₹66. What is the profit on one (in ₹)?

Answer key

  1. what the buyer pays
  2. Profit
  3. 77
  4. cost price
  5. 72
  6. 8
  7. True
  8. 1
  9. False
  10. True
  11. 19
  12. selling price
  13. selling price
  14. SP more than CP
  15. Loss
  16. Profit
  17. 10
  18. False
  19. 52
  20. 96
  21. selling price
  22. 16
  23. 216
  24. selling price
  25. 66
  26. 64
  27. Loss
  28. 240
  29. SP less than CP
  30. 4
  31. 4
  32. False
  33. what it cost you
  34. cost price
  35. 46
  36. 168
  37. True
  38. 7
  39. True
  40. 19

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