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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 394 · 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) False (b) True
  2. 2.It costs ₹18 to make one friendship band. Meera sells it for ₹33. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs ₹23 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹30 to make one fruit cup. On the last day Gurpreet sells it for only ₹23. How much is the loss on one (in ₹)?
  5. 5.One fruit cup costs ₹53 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “money spent to get it” is the selling price. (a) True (b) False
  7. 7.It costs ₹19 to make one paper bookmark. On the last day Gurpreet sells it for only ₹9. How much is the loss on one (in ₹)?
  8. 8.It costs ₹26 to make one jute bag. On the last day Tara sells it for only ₹22. How much is the loss on one (in ₹)?
  9. 9.It costs ₹13 to make one cup of lemonade. Arjun sells it for ₹20. What is the profit on one (in ₹)?
  10. 10.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.It costs ₹51 to make one bag of popcorn. Aarav sells it for ₹52. What is the profit on one (in ₹)?
  13. 13.It costs ₹46 to make one paper bookmark. Gurpreet sells it for ₹52. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: what you paid for it? (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 glass of chai costs ₹19 to make. Kabir wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  17. 17.One potted plant costs Meera ₹29 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.One fruit cup costs Zoya ₹27 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “the price you sell at” is the selling price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  23. 23.It costs ₹32 to make one fruit cup. On the last day Tara sells it for only ₹27. How much is the loss on one (in ₹)?
  24. 24.It costs ₹32 to make one cupcake. Vihaan sells it for ₹40. What is the profit on one (in ₹)?
  25. 25.It costs ₹17 to make one painted pebble. On the last day Gurpreet sells it for only ₹12. How much is the loss on one (in ₹)?
  26. 26.One cup of lemonade costs ₹13 to make. Diya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹33 to make one cupcake. Joseph sells it for ₹47. What is the profit on one (in ₹)?
  28. 28.One potted plant costs Arjun ₹39 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹46 to make one handmade card. Meera sells it for ₹47. What is the profit on one (in ₹)?
  30. 30.It costs ₹6 to make one bag of popcorn. Saanvi sells it for ₹8. What is the profit on one (in ₹)?
  31. 31.True or false: “what you paid for it” is the selling price. (a) False (b) True
  32. 32.True or false: “the price on your board” is the selling price. (a) False (b) True
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.Vihaan makes 7 cupcakes at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.One potted plant costs Aarav ₹42 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Kabir makes 30 jute bags at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  39. 39.It costs ₹34 to make one fruit cup. On the last day Tara sells it for only ₹29. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. False
  2. 15
  3. 31
  4. 7
  5. 58
  6. False
  7. 10
  8. 4
  9. 7
  10. what the buyer pays
  11. cost price
  12. 1
  13. 6
  14. cost price
  15. cost price
  16. 20
  17. Loss
  18. what it cost you
  19. cost price
  20. Loss
  21. True
  22. selling price
  23. 5
  24. 8
  25. 5
  26. 24
  27. 14
  28. Loss
  29. 1
  30. 2
  31. False
  32. True
  33. False
  34. True
  35. 35
  36. selling price
  37. Loss
  38. 60
  39. 5
  40. selling price

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