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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 313 · 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 profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  2. 2.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  3. 3.One paper bookmark costs Kabir ₹19 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  5. 5.It costs ₹14 to make one bag of popcorn. On the last day Diya sells it for only ₹5. How much is the loss on one (in ₹)?
  6. 6.One fruit cup costs Riya ₹30 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.It costs ₹25 to make one clay diya. On the last day Arjun sells it for only ₹20. How much is the loss on one (in ₹)?
  8. 8.It costs ₹11 to make one potted plant. Diya sells it for ₹31. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹14 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  12. 12.One friendship band costs ₹17 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.It costs ₹15 to make one handmade card. Meera sells it for ₹26. What is the profit on one (in ₹)?
  15. 15.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.One painted pebble costs Kavya ₹41 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One handmade card costs Lakshmi ₹49 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.One cupcake costs ₹28 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  20. 20.Ishaan makes 8 potted plants at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  21. 21.Riya makes 6 jute bags at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  22. 22.Tara makes 24 friendship bands at a cost of ₹37 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.Gurpreet makes 25 handmade cards at a cost of ₹28 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  25. 25.It costs ₹20 to make one friendship band. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  26. 26.One handmade card costs ₹39 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “money spent to get it” is the selling price. (a) False (b) True
  28. 28.One paper bookmark costs ₹19 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  29. 29.One fruit cup costs Tara ₹53 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One paper bookmark costs Dev ₹56 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  32. 32.One cup of lemonade costs ₹39 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  34. 34.One handmade card costs Tara ₹47 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  36. 36.Arjun makes 29 jute bags at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.One jute bag costs Saanvi ₹42 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.Ishaan makes 25 fruit cups at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?

Answer key

  1. SP more than CP
  2. what the buyer pays
  3. Loss
  4. True
  5. 9
  6. Profit
  7. 5
  8. 20
  9. 23
  10. selling price
  11. what it cost you
  12. 29
  13. selling price
  14. 11
  15. SP less than CP
  16. False
  17. Loss
  18. Loss
  19. 45
  20. 56
  21. 42
  22. 240
  23. selling price
  24. 300
  25. 5
  26. 57
  27. False
  28. 34
  29. Loss
  30. Loss
  31. cost price
  32. 43
  33. cost price
  34. Profit
  35. cost price
  36. 29
  37. selling price
  38. True
  39. Profit
  40. 50

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