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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 323 · 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: “money got from a sale” is the cost price. (a) True (b) False
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  5. 5.It costs ₹16 to make one handmade card. On the last day Rohan sells it for only ₹14. How much is the loss on one (in ₹)?
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.True or false: “what you paid for it” is the selling price. (a) False (b) True
  8. 8.One friendship band costs Nisha ₹26 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One handmade card costs ₹52 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.One clay diya costs Dev ₹39 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.It costs ₹44 to make one paper bookmark. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  16. 16.It costs ₹16 to make one painted pebble. Diya sells it for ₹33. What is the profit on one (in ₹)?
  17. 17.Joseph makes 27 painted pebbles at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  19. 19.True or false: “money got from a sale” is the selling price. (a) False (b) True
  20. 20.It costs ₹38 to make one cup of lemonade. Vihaan sells it for ₹47. What is the profit on one (in ₹)?
  21. 21.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  22. 22.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  23. 23.Riya makes 24 cupcakes at a cost of ₹12 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  24. 24.Zoya makes 14 bags of popcorn at a cost of ₹26 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  25. 25.Aarav makes 11 glasses of chai at a cost of ₹33 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  26. 26.Nisha makes 20 cupcakes at a cost of ₹21 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  27. 27.Gurpreet makes 20 friendship bands at a cost of ₹16 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  28. 28.It costs ₹29 to make one friendship band. On the last day Kavya sells it for only ₹21. How much is the loss on one (in ₹)?
  29. 29.Ananya makes 21 glasses of chai at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  32. 32.One jute bag costs ₹58 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.Kabir makes 17 paper bookmarks at a cost of ₹23 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  34. 34.It costs ₹44 to make one paper bookmark. On the last day Meera sells it for only ₹41. How much is the loss on one (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) False (b) True
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.Joseph makes 13 painted pebbles at a cost of ₹18 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  38. 38.One friendship band costs ₹31 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.One paper bookmark costs ₹40 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  40. 40.Farhan makes 24 potted plants at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. False
  3. cost price
  4. what it cost you
  5. 2
  6. False
  7. False
  8. Loss
  9. 63
  10. cost price
  11. Profit
  12. True
  13. selling price
  14. True
  15. 7
  16. 17
  17. 351
  18. False
  19. True
  20. 9
  21. what the buyer pays
  22. SP more than CP
  23. 120
  24. 168
  25. 110
  26. 20
  27. 240
  28. 8
  29. 294
  30. cost price
  31. selling price
  32. 59
  33. 153
  34. 3
  35. True
  36. selling price
  37. 52
  38. 32
  39. 50
  40. 216

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