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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 292 · 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.True or false: “cost of making one” is the selling price. (a) True (b) False
  2. 2.It costs ₹45 to make one potted plant. On the last day Farhan sells it for only ₹42. How much is the loss on one (in ₹)?
  3. 3.It costs ₹38 to make one cupcake. Saanvi sells it for ₹58. What is the profit on one (in ₹)?
  4. 4.One potted plant costs ₹60 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹65 to make one fruit cup. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  6. 6.It costs ₹10 to make one clay diya. On the last day Riya sells it for only ₹7. How much is the loss on one (in ₹)?
  7. 7.It costs ₹38 to make one bag of popcorn. On the last day Saanvi sells it for only ₹36. How much is the loss on one (in ₹)?
  8. 8.It costs ₹11 to make one cupcake. Joseph sells it for ₹14. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  10. 10.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  11. 11.Dev makes 17 friendship bands at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  12. 12.One fruit cup costs Meera ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.It costs ₹16 to make one paper bookmark. Rohan sells it for ₹35. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  17. 17.Tara makes 6 glasses of chai at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.Farhan makes 27 friendship bands at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.It costs ₹11 to make one painted pebble. Vihaan sells it for ₹22. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹21 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹48 to make one painted pebble. On the last day Saanvi sells it for only ₹45. How much is the loss on one (in ₹)?
  25. 25.True or false: “what you paid for it” is the selling price. (a) False (b) True
  26. 26.Riya makes 23 bags of popcorn at a cost of ₹20 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  27. 27.One potted plant costs ₹15 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹39 to make one glass of chai. On the last day Lakshmi sells it for only ₹33. How much is the loss on one (in ₹)?
  29. 29.One fruit cup costs ₹11 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  30. 30.Ananya makes 7 painted pebbles at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  31. 31.Meera makes 7 cupcakes at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.It costs ₹32 to make one potted plant. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?
  34. 34.One potted plant costs Zoya ₹56 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹14 to make one fruit cup. Kabir sells it for ₹32. What is the profit on one (in ₹)?
  36. 36.True or false: “money spent to get it” is the selling price. (a) True (b) False
  37. 37.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  38. 38.It costs ₹18 to make one handmade card. Tara sells it for ₹22. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.Ishaan makes 23 fruit cups at a cost of ₹32 each and sells all of them at ₹38 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. 3
  3. 20
  4. 70
  5. 6
  6. 3
  7. 2
  8. 3
  9. what it cost you
  10. what the buyer pays
  11. 85
  12. Loss
  13. False
  14. 19
  15. selling price
  16. SP more than CP
  17. 24
  18. cost price
  19. cost price
  20. 216
  21. True
  22. 11
  23. 37
  24. 3
  25. False
  26. 345
  27. 32
  28. 6
  29. 30
  30. 7
  31. 35
  32. selling price
  33. 9
  34. Profit
  35. 18
  36. False
  37. SP less than CP
  38. 4
  39. cost price
  40. 138

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