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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 355 · 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: “what a customer pays” is the cost price. (a) False (b) True
  2. 2.One painted pebble costs ₹48 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.It costs ₹8 to make one potted plant. Lakshmi sells it for ₹13. What is the profit on one (in ₹)?
  4. 4.It costs ₹58 to make one fruit cup. Ananya sells it for ₹59. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs Farhan ₹30 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.It costs ₹27 to make one paper bookmark. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  8. 8.True or false: “cost of making one” is the cost price. (a) True (b) False
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.It costs ₹33 to make one paper bookmark. Riya sells it for ₹35. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.One friendship band costs Diya ₹44 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.It costs ₹29 to make one handmade card. Zoya sells it for ₹32. What is the profit on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  17. 17.One paper bookmark costs Rohan ₹28 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “money spent to get it” is the selling price. (a) True (b) False
  19. 19.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  21. 21.It costs ₹41 to make one handmade card. Zoya sells it for ₹50. What is the profit on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.It costs ₹11 to make one fruit cup. On the last day Kabir sells it for only ₹5. How much is the loss on one (in ₹)?
  25. 25.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  26. 26.It costs ₹26 to make one handmade card. Arjun sells it for ₹35. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.It costs ₹22 to make one paper bookmark. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.It costs ₹54 to make one cupcake. Kabir sells it for ₹57. What is the profit on one (in ₹)?
  32. 32.It costs ₹36 to make one cupcake. On the last day Ananya sells it for only ₹33. How much is the loss on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.One handmade card costs Kabir ₹36 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  36. 36.One clay diya costs ₹10 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹36 to make one fruit cup. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  38. 38.True or false: “the price you sell at” is the selling price. (a) True (b) False
  39. 39.It costs ₹35 to make one bag of popcorn. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  40. 40.It costs ₹49 to make one jute bag. Zoya sells it for ₹53. What is the profit on one (in ₹)?

Answer key

  1. False
  2. 66
  3. 5
  4. 1
  5. Loss
  6. True
  7. 17
  8. True
  9. False
  10. 2
  11. cost price
  12. selling price
  13. Profit
  14. 3
  15. True
  16. what it cost you
  17. Loss
  18. False
  19. SP less than CP
  20. selling price
  21. 9
  22. False
  23. False
  24. 6
  25. SP more than CP
  26. 9
  27. cost price
  28. True
  29. 5
  30. True
  31. 3
  32. 3
  33. False
  34. Loss
  35. what the buyer pays
  36. 11
  37. 14
  38. True
  39. 13
  40. 4

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