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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 295 · 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.It costs ₹53 to make one clay diya. Gurpreet sells it for ₹62. What is the profit on one (in ₹)?
  2. 2.True or false: “the price on your board” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  4. 4.One clay diya costs ₹19 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.True or false: “what you paid for it” is the cost price. (a) True (b) False
  7. 7.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  8. 8.It costs ₹36 to make one bag of popcorn. On the last day Nisha sells it for only ₹26. How much is the loss on one (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.True or false: “the price you sell at” is the cost price. (a) True (b) False
  11. 11.It costs ₹8 to make one friendship band. On the last day Farhan sells it for only ₹6. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.True or false: “what you paid for it” is the selling price. (a) True (b) False
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.It costs ₹63 to make one handmade card. On the last day Joseph sells it for only ₹59. How much is the loss on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.True or false: “money got from a sale” is the cost price. (a) True (b) False
  19. 19.One jute bag costs ₹34 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  20. 20.Ananya makes 18 potted plants at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  21. 21.It costs ₹16 to make one paper bookmark. Rohan sells it for ₹31. What is the profit on one (in ₹)?
  22. 22.It costs ₹55 to make one friendship band. Ananya sells it for ₹63. What is the profit on one (in ₹)?
  23. 23.One jute bag costs ₹57 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.True or false: “cost of making one” is the selling price. (a) False (b) True
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.One bag of popcorn costs Zoya ₹31 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  30. 30.True or false: “what a customer pays” is the cost price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.It costs ₹24 to make one clay diya. On the last day Vihaan sells it for only ₹22. How much is the loss on one (in ₹)?
  33. 33.Diya makes 16 painted pebbles at a cost of ₹18 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  34. 34.Rohan makes 22 cupcakes at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) True (b) False
  36. 36.One cup of lemonade costs Meera ₹43 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One bag of popcorn costs ₹15 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  38. 38.One handmade card costs ₹11 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price you sell at” is the selling price. (a) False (b) True
  40. 40.One cupcake costs Aarav ₹16 to make and sells for ₹1. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. 9
  2. True
  3. what it cost you
  4. 37
  5. False
  6. True
  7. SP less than CP
  8. 10
  9. True
  10. False
  11. 2
  12. cost price
  13. False
  14. False
  15. 4
  16. SP more than CP
  17. cost price
  18. False
  19. 43
  20. 270
  21. 15
  22. 8
  23. 76
  24. cost price
  25. False
  26. True
  27. Loss
  28. cost price
  29. what the buyer pays
  30. False
  31. selling price
  32. 2
  33. 176
  34. 286
  35. False
  36. Profit
  37. 30
  38. 17
  39. True
  40. Loss

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