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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 293 · 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.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  2. 2.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  3. 3.One paper bookmark costs Ananya ₹42 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.Diya makes 5 fruit cups at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  6. 6.It costs ₹18 to make one painted pebble. Joseph sells it for ₹34. What is the profit on one (in ₹)?
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.True or false: “cost of making one” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.One friendship band costs Vihaan ₹20 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One bag of popcorn costs Diya ₹41 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “what a customer pays” is the cost price. (a) False (b) True
  13. 13.It costs ₹37 to make one cupcake. Ananya sells it for ₹57. What is the profit on one (in ₹)?
  14. 14.One glass of chai costs Riya ₹36 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  17. 17.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  18. 18.One painted pebble costs Saanvi ₹28 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.It costs ₹7 to make one friendship band. Farhan sells it for ₹10. What is the profit on one (in ₹)?
  20. 20.It costs ₹52 to make one jute bag. Joseph sells it for ₹61. What is the profit on one (in ₹)?
  21. 21.Diya makes 11 clay diyas at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  22. 22.One friendship band costs ₹24 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  23. 23.One fruit cup costs ₹46 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.Kabir makes 29 clay diyas at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  25. 25.True or false: “the price you sell at” is the selling price. (a) False (b) True
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  28. 28.One friendship band costs ₹31 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the cost price. (a) False (b) True
  30. 30.One potted plant costs ₹39 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  31. 31.One paper bookmark costs Vihaan ₹27 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One cup of lemonade costs ₹38 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  34. 34.True or false: “money spent to get it” is the selling price. (a) False (b) True
  35. 35.One bag of popcorn costs ₹50 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹30 to make one potted plant. Arjun sells it for ₹36. What is the profit on one (in ₹)?
  37. 37.It costs ₹10 to make one cup of lemonade. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  38. 38.One fruit cup costs Saanvi ₹60 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price

Answer key

  1. SP less than CP
  2. SP more than CP
  3. Loss
  4. selling price
  5. 75
  6. 16
  7. False
  8. False
  9. cost price
  10. Loss
  11. Profit
  12. False
  13. 20
  14. Loss
  15. cost price
  16. True
  17. what the buyer pays
  18. Profit
  19. 3
  20. 9
  21. 44
  22. 27
  23. 59
  24. 203
  25. True
  26. False
  27. what it cost you
  28. 39
  29. True
  30. 48
  31. Profit
  32. 56
  33. cost price
  34. False
  35. 60
  36. 6
  37. 2
  38. Profit
  39. cost price
  40. selling price

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