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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 414 · 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 price you sell at? (a) selling price (b) cost price
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  3. 3.It costs ₹31 to make one friendship band. On the last day Meera sells it for only ₹24. How much is the loss on one (in ₹)?
  4. 4.One handmade card costs ₹55 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.It costs ₹26 to make one clay diya. Gurpreet sells it for ₹33. What is the profit on one (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.It costs ₹36 to make one cup of lemonade. On the last day Nisha sells it for only ₹34. How much is the loss on one (in ₹)?
  11. 11.It costs ₹13 to make one cup of lemonade. On the last day Riya sells it for only ₹10. How much is the loss on one (in ₹)?
  12. 12.One fruit cup costs Dev ₹46 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.Farhan makes 21 friendship bands at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  14. 14.One paper bookmark costs Zoya ₹42 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One potted plant costs Arjun ₹37 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  17. 17.It costs ₹11 to make one cupcake. Tara sells it for ₹21. What is the profit on one (in ₹)?
  18. 18.It costs ₹6 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  19. 19.Ishaan makes 18 jute bags at a cost of ₹24 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  22. 22.One friendship band costs ₹18 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price on your board” is the cost price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  25. 25.It costs ₹32 to make one handmade card. On the last day Aarav sells it for only ₹30. How much is the loss on one (in ₹)?
  26. 26.Arjun makes 8 fruit cups at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  27. 27.It costs ₹38 to make one cup of lemonade. Meera sells it for ₹44. What is the profit on one (in ₹)?
  28. 28.Tara makes 14 fruit cups at a cost of ₹36 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  29. 29.It costs ₹49 to make one glass of chai. On the last day Arjun sells it for only ₹39. How much is the loss on one (in ₹)?
  30. 30.Meera makes 5 painted pebbles at a cost of ₹27 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.Vihaan makes 20 handmade cards at a cost of ₹33 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  36. 36.True or false: “what a customer pays” is the cost price. (a) False (b) True
  37. 37.It costs ₹19 to make one clay diya. On the last day Arjun sells it for only ₹17. How much is the loss on one (in ₹)?
  38. 38.One bag of popcorn costs ₹28 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “money got from a sale” is the selling price. (a) False (b) True
  40. 40.One potted plant costs Diya ₹27 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. SP less than CP
  3. 7
  4. 74
  5. selling price
  6. 7
  7. True
  8. selling price
  9. True
  10. 2
  11. 3
  12. Loss
  13. 42
  14. Loss
  15. Loss
  16. what it cost you
  17. 10
  18. 1
  19. 18
  20. False
  21. what the buyer pays
  22. 31
  23. False
  24. cost price
  25. 2
  26. 104
  27. 6
  28. 98
  29. 10
  30. 70
  31. cost price
  32. True
  33. selling price
  34. False
  35. 180
  36. False
  37. 2
  38. 30
  39. True
  40. Profit

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