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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 413 · 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: the wholesale price paid? (a) cost price (b) selling price
  2. 2.One paper bookmark costs Diya ₹27 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.One jute bag costs ₹37 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹18 to make one bag of popcorn. Kavya sells it for ₹30. What is the profit on one (in ₹)?
  5. 5.One bag of popcorn costs Saanvi ₹48 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  7. 7.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  8. 8.It costs ₹54 to make one fruit cup. Tara sells it for ₹64. What is the profit on one (in ₹)?
  9. 9.One jute bag costs Lakshmi ₹36 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹60 to make one cupcake. On the last day Meera sells it for only ₹54. How much is the loss on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the cost price. (a) False (b) True
  12. 12.One friendship band costs Joseph ₹39 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.It costs ₹28 to make one handmade card. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  15. 15.It costs ₹17 to make one potted plant. Riya sells it for ₹36. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs Gurpreet ₹28 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.One fruit cup costs Saanvi ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.It costs ₹50 to make one friendship band. Nisha sells it for ₹63. What is the profit on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the selling price. (a) False (b) True
  24. 24.True or false: “the price you sell at” is the selling price. (a) True (b) False
  25. 25.Ishaan makes 7 jute bags at a cost of ₹7 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  26. 26.It costs ₹19 to make one painted pebble. On the last day Arjun sells it for only ₹12. How much is the loss on one (in ₹)?
  27. 27.One fruit cup costs Rohan ₹27 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  29. 29.It costs ₹9 to make one cup of lemonade. Diya sells it for ₹20. What is the profit on one (in ₹)?
  30. 30.One handmade card costs ₹8 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹22 to make one fruit cup. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.Nisha makes 6 bags of popcorn at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  34. 34.Riya makes 24 cups of lemonade at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  35. 35.True or false: “cost of making one” is the selling price. (a) False (b) True
  36. 36.It costs ₹58 to make one cupcake. Meera sells it for ₹77. What is the profit on one (in ₹)?
  37. 37.Diya makes 9 glasses of chai at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  38. 38.It costs ₹36 to make one friendship band. Vihaan sells it for ₹43. What is the profit on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.It costs ₹41 to make one bag of popcorn. Zoya sells it for ₹51. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. Profit
  3. 38
  4. 12
  5. Loss
  6. SP more than CP
  7. what it cost you
  8. 10
  9. Loss
  10. 6
  11. False
  12. Profit
  13. selling price
  14. 19
  15. 19
  16. Profit
  17. SP less than CP
  18. selling price
  19. selling price
  20. Profit
  21. cost price
  22. 13
  23. False
  24. True
  25. 49
  26. 7
  27. Loss
  28. selling price
  29. 11
  30. 20
  31. 4
  32. False
  33. 78
  34. 264
  35. False
  36. 19
  37. 135
  38. 7
  39. False
  40. 10

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