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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 409 · 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 you paid for it” is the cost price. (a) False (b) True
  2. 2.It costs ₹28 to make one paper bookmark. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  3. 3.It costs ₹21 to make one handmade card. Joseph sells it for ₹39. What is the profit on one (in ₹)?
  4. 4.It costs ₹51 to make one glass of chai. Ananya sells it for ₹61. What is the profit on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  7. 7.True or false: “the price you sell at” is the selling price. (a) False (b) True
  8. 8.It costs ₹51 to make one handmade card. Farhan sells it for ₹56. What is the profit on one (in ₹)?
  9. 9.It costs ₹12 to make one handmade card. Rohan sells it for ₹14. What is the profit on one (in ₹)?
  10. 10.Aarav makes 22 glasses of chai at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  11. 11.It costs ₹36 to make one cup of lemonade. Kabir sells it for ₹52. What is the profit on one (in ₹)?
  12. 12.True or false: “the price on your board” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  14. 14.One glass of chai costs Meera ₹31 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹24 to make one friendship band. Tara sells it for ₹32. What is the profit on one (in ₹)?
  16. 16.It costs ₹30 to make one fruit cup. On the last day Arjun sells it for only ₹27. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.It costs ₹43 to make one jute bag. On the last day Ishaan sells it for only ₹41. How much is the loss on one (in ₹)?
  19. 19.It costs ₹43 to make one glass of chai. Rohan sells it for ₹52. What is the profit on one (in ₹)?
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  21. 21.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.It costs ₹51 to make one painted pebble. Vihaan sells it for ₹64. What is the profit on one (in ₹)?
  24. 24.One bag of popcorn costs Ananya ₹20 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Rohan makes 6 painted pebbles at a cost of ₹36 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  26. 26.One handmade card costs Joseph ₹33 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹25 to make one painted pebble. Diya sells it for ₹34. What is the profit on one (in ₹)?
  28. 28.One painted pebble costs ₹25 to make. Joseph wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  29. 29.One jute bag costs ₹56 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.One glass of chai costs ₹5 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  31. 31.Farhan makes 30 paper bookmarks at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  32. 32.It costs ₹16 to make one glass of chai. Nisha sells it for ₹24. What is the profit on one (in ₹)?
  33. 33.It costs ₹60 to make one painted pebble. Kabir sells it for ₹72. What is the profit on one (in ₹)?
  34. 34.It costs ₹12 to make one cup of lemonade. On the last day Tara sells it for only ₹5. How much is the loss on one (in ₹)?
  35. 35.It costs ₹39 to make one jute bag. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  36. 36.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  37. 37.One potted plant costs Kavya ₹33 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹30 to make one paper bookmark. On the last day Tara sells it for only ₹28. How much is the loss on one (in ₹)?
  39. 39.One handmade card costs Kabir ₹38 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “cost of making one” is the cost price. (a) False (b) True

Answer key

  1. True
  2. 9
  3. 18
  4. 10
  5. True
  6. what it cost you
  7. True
  8. 5
  9. 2
  10. 88
  11. 16
  12. True
  13. cost price
  14. Loss
  15. 8
  16. 3
  17. selling price
  18. 2
  19. 9
  20. False
  21. SP more than CP
  22. False
  23. 13
  24. Profit
  25. 54
  26. Profit
  27. 9
  28. 43
  29. 73
  30. 21
  31. 390
  32. 8
  33. 12
  34. 7
  35. 14
  36. what the buyer pays
  37. Loss
  38. 2
  39. Profit
  40. True

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