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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 415 · 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.One potted plant costs Joseph ₹54 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹52 to make one clay diya. Meera sells it for ₹55. What is the profit on one (in ₹)?
  4. 4.Vihaan makes 11 clay diyas at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.One glass of chai costs Ishaan ₹54 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹34 to make one handmade card. On the last day Rohan sells it for only ₹30. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  12. 12.It costs ₹60 to make one paper bookmark. On the last day Zoya sells it for only ₹58. How much is the loss on one (in ₹)?
  13. 13.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  14. 14.One bag of popcorn costs Dev ₹50 to make and sells for ₹57. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.It costs ₹51 to make one potted plant. Nisha sells it for ₹53. What is the profit on one (in ₹)?
  18. 18.Zoya makes 21 paper bookmarks at a cost of ₹15 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.One clay diya costs ₹40 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹26 to make one handmade card. Dev sells it for ₹28. What is the profit on one (in ₹)?
  22. 22.Rohan makes 28 fruit cups at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.Saanvi makes 11 cups of lemonade at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  25. 25.Tara makes 20 potted plants at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  26. 26.Riya makes 7 clay diyas at a cost of ₹28 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  27. 27.It costs ₹51 to make one paper bookmark. Kabir sells it for ₹61. What is the profit on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the selling price. (a) True (b) False
  29. 29.Riya makes 6 glasses of chai at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  31. 31.One fruit cup costs Vihaan ₹19 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One friendship band costs Tara ₹46 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.It costs ₹8 to make one glass of chai. On the last day Nisha sells it for only ₹5. How much is the loss on one (in ₹)?
  36. 36.One glass of chai costs ₹48 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹8 to make one cup of lemonade. On the last day Kavya sells it for only ₹7. How much is the loss on one (in ₹)?
  38. 38.Riya makes 19 friendship bands at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.Saanvi makes 14 cupcakes at a cost of ₹19 each and sells all of them at ₹29 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. Loss
  3. 3
  4. 55
  5. selling price
  6. False
  7. Loss
  8. 4
  9. cost price
  10. selling price
  11. SP more than CP
  12. 2
  13. what the buyer pays
  14. Profit
  15. False
  16. cost price
  17. 2
  18. 126
  19. cost price
  20. 43
  21. 2
  22. 308
  23. False
  24. 66
  25. 140
  26. 63
  27. 10
  28. True
  29. 84
  30. selling price
  31. Loss
  32. Profit
  33. what it cost you
  34. True
  35. 3
  36. 65
  37. 1
  38. 19
  39. False
  40. 140

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