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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 373 · 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.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  2. 2.It costs ₹50 to make one potted plant. Nisha sells it for ₹63. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.True or false: “the price on your board” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.One clay diya costs Riya ₹30 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One bag of popcorn costs ₹42 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.Vihaan makes 17 painted pebbles at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  11. 11.True or false: “money spent to get it” is the cost price. (a) True (b) False
  12. 12.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  13. 13.It costs ₹61 to make one cup of lemonade. On the last day Riya sells it for only ₹52. How much is the loss on one (in ₹)?
  14. 14.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  16. 16.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.It costs ₹55 to make one bag of popcorn. Meera sells it for ₹63. What is the profit on one (in ₹)?
  19. 19.Arjun makes 8 jute bags at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  20. 20.One friendship band costs Dev ₹25 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One glass of chai costs ₹29 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  22. 22.One friendship band costs ₹31 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹32 to make one potted plant. Tara sells it for ₹45. What is the profit on one (in ₹)?
  24. 24.One clay diya costs Saanvi ₹53 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.One potted plant costs Tara ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “the price on your board” is the selling price. (a) False (b) True
  29. 29.It costs ₹16 to make one painted pebble. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  31. 31.One fruit cup costs Dev ₹16 to make and sells for ₹3. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹15 to make one fruit cup. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  33. 33.It costs ₹38 to make one jute bag. Tara sells it for ₹39. What is the profit on one (in ₹)?
  34. 34.One cupcake costs Arjun ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One glass of chai costs Vihaan ₹32 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹33 to make one jute bag. Joseph sells it for ₹50. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹37 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹18 to make one cupcake. Rohan sells it for ₹28. What is the profit on one (in ₹)?
  39. 39.It costs ₹42 to make one potted plant. On the last day Meera sells it for only ₹34. How much is the loss on one (in ₹)?
  40. 40.Arjun makes 16 painted pebbles at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. 13
  3. cost price
  4. selling price
  5. False
  6. cost price
  7. Profit
  8. 46
  9. 170
  10. what it cost you
  11. True
  12. what the buyer pays
  13. 9
  14. SP more than CP
  15. cost price
  16. SP less than CP
  17. True
  18. 8
  19. 88
  20. Profit
  21. 46
  22. 50
  23. 13
  24. Profit
  25. False
  26. False
  27. Loss
  28. True
  29. 5
  30. True
  31. Loss
  32. 4
  33. 1
  34. Profit
  35. Profit
  36. 17
  37. 39
  38. 10
  39. 8
  40. 96

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