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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 403 · 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: “the price on your board” is the selling price. (a) False (b) True
  2. 2.It costs ₹53 to make one cup of lemonade. On the last day Kabir sells it for only ₹48. How much is the loss on one (in ₹)?
  3. 3.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  4. 4.One clay diya costs ₹14 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹43 to make one potted plant. Rohan sells it for ₹48. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.It costs ₹17 to make one jute bag. Dev sells it for ₹27. What is the profit on one (in ₹)?
  8. 8.True or false: “cost of making one” is the cost price. (a) False (b) True
  9. 9.True or false: “the price you sell at” is the selling price. (a) False (b) True
  10. 10.One handmade card costs Lakshmi ₹33 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  12. 12.It costs ₹9 to make one cupcake. Saanvi sells it for ₹12. What is the profit on one (in ₹)?
  13. 13.It costs ₹16 to make one cupcake. On the last day Riya sells it for only ₹11. How much is the loss on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  16. 16.It costs ₹44 to make one handmade card. Diya sells it for ₹51. What is the profit on one (in ₹)?
  17. 17.It costs ₹35 to make one fruit cup. On the last day Meera sells it for only ₹28. How much is the loss on one (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) True (b) False
  19. 19.True or false: “money spent to get it” is the cost price. (a) True (b) False
  20. 20.True or false: “money got from a sale” is the selling price. (a) False (b) True
  21. 21.It costs ₹53 to make one friendship band. Farhan sells it for ₹70. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  23. 23.It costs ₹23 to make one painted pebble. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  24. 24.It costs ₹43 to make one bag of popcorn. On the last day Diya sells it for only ₹40. How much is the loss on one (in ₹)?
  25. 25.One potted plant costs Rohan ₹48 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  27. 27.It costs ₹37 to make one handmade card. Aarav sells it for ₹45. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.It costs ₹49 to make one potted plant. Zoya sells it for ₹57. What is the profit on one (in ₹)?
  30. 30.True or false: “money spent to get it” is the selling price. (a) True (b) False
  31. 31.True or false: “what a customer pays” is the cost price. (a) True (b) False
  32. 32.One friendship band costs Kabir ₹54 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.Zoya makes 15 cupcakes at a cost of ₹36 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  34. 34.It costs ₹66 to make one jute bag. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  36. 36.One handmade card costs Diya ₹17 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹64 to make one clay diya. On the last day Saanvi sells it for only ₹59. How much is the loss on one (in ₹)?
  38. 38.It costs ₹27 to make one potted plant. Meera sells it for ₹41. What is the profit on one (in ₹)?
  39. 39.One bag of popcorn costs ₹51 to make. Riya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  40. 40.Dev makes 21 bags of popcorn at a cost of ₹18 each and sells all of them at ₹29 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. 5
  3. SP less than CP
  4. 21
  5. 5
  6. cost price
  7. 10
  8. True
  9. True
  10. Profit
  11. selling price
  12. 3
  13. 5
  14. False
  15. cost price
  16. 7
  17. 7
  18. False
  19. True
  20. True
  21. 17
  22. what it cost you
  23. 1
  24. 3
  25. Profit
  26. SP more than CP
  27. 8
  28. cost price
  29. 8
  30. False
  31. False
  32. Loss
  33. 90
  34. 8
  35. cost price
  36. Loss
  37. 5
  38. 14
  39. 58
  40. 231

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