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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 339 · 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) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  2. 2.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  4. 4.It costs ₹32 to make one glass of chai. Arjun sells it for ₹40. What is the profit on one (in ₹)?
  5. 5.Ananya makes 29 clay diyas at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  6. 6.True or false: “money got from a sale” is the cost price. (a) True (b) False
  7. 7.One fruit cup costs ₹5 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹11 to make one paper bookmark. Rohan sells it for ₹22. What is the profit on one (in ₹)?
  9. 9.It costs ₹15 to make one paper bookmark. Riya sells it for ₹27. What is the profit on one (in ₹)?
  10. 10.True or false: “what a customer pays” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.One handmade card costs ₹26 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  17. 17.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  18. 18.Saanvi makes 7 clay diyas at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  19. 19.It costs ₹25 to make one handmade card. On the last day Gurpreet sells it for only ₹16. How much is the loss on one (in ₹)?
  20. 20.One fruit cup costs ₹5 to make. Arjun wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.One painted pebble costs Ishaan ₹60 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One painted pebble costs ₹5 to make. Gurpreet wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.One paper bookmark costs Ishaan ₹59 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.It costs ₹11 to make one potted plant. On the last day Gurpreet sells it for only ₹9. How much is the loss on one (in ₹)?
  28. 28.It costs ₹28 to make one painted pebble. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  29. 29.It costs ₹34 to make one glass of chai. On the last day Kavya sells it for only ₹29. How much is the loss on one (in ₹)?
  30. 30.Farhan makes 27 cups of lemonade at a cost of ₹11 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price on your board” is the selling price. (a) False (b) True
  32. 32.One paper bookmark costs ₹42 to make. Aarav wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  33. 33.Joseph makes 15 bags of popcorn at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  34. 34.One potted plant costs Riya ₹54 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One handmade card costs ₹40 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.Meera makes 19 fruit cups at a cost of ₹24 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.One cup of lemonade costs ₹36 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) False (b) True
  40. 40.It costs ₹7 to make one paper bookmark. Riya sells it for ₹20. What is the profit on one (in ₹)?

Answer key

  1. SP less than CP
  2. SP more than CP
  3. what it cost you
  4. 8
  5. 348
  6. False
  7. 14
  8. 11
  9. 12
  10. True
  11. cost price
  12. False
  13. cost price
  14. selling price
  15. cost price
  16. 35
  17. what the buyer pays
  18. 98
  19. 9
  20. 16
  21. Profit
  22. 9
  23. True
  24. True
  25. Loss
  26. cost price
  27. 2
  28. 3
  29. 5
  30. 216
  31. True
  32. 61
  33. 195
  34. Profit
  35. 45
  36. 266
  37. selling price
  38. 50
  39. False
  40. 13

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