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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 419 · 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 cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.It costs ₹51 to make one painted pebble. On the last day Aarav sells it for only ₹49. How much is the loss on one (in ₹)?
  5. 5.It costs ₹46 to make one paper bookmark. Kavya sells it for ₹66. What is the profit on one (in ₹)?
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  7. 7.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  8. 8.It costs ₹50 to make one potted plant. On the last day Zoya sells it for only ₹40. How much is the loss on one (in ₹)?
  9. 9.It costs ₹52 to make one handmade card. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  11. 11.It costs ₹59 to make one cup of lemonade. On the last day Diya sells it for only ₹58. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  13. 13.Saanvi makes 12 cupcakes at a cost of ₹37 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  14. 14.One paper bookmark costs ₹56 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.One glass of chai costs ₹38 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) True (b) False
  17. 17.Ishaan makes 25 potted plants at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  18. 18.One fruit cup costs ₹13 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  19. 19.One cup of lemonade costs Kavya ₹46 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.Farhan makes 23 fruit cups at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  21. 21.It costs ₹27 to make one cupcake. On the last day Joseph sells it for only ₹22. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price you sell at” is the selling price. (a) True (b) False
  23. 23.It costs ₹11 to make one handmade card. Ananya sells it for ₹13. What is the profit on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) False (b) True
  25. 25.True or false: “money spent to get it” is the selling price. (a) False (b) True
  26. 26.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  27. 27.One friendship band costs ₹9 to make. Gurpreet wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.One jute bag costs Meera ₹45 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.Diya makes 19 jute bags at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  31. 31.It costs ₹17 to make one jute bag. On the last day Vihaan sells it for only ₹8. How much is the loss on one (in ₹)?
  32. 32.One glass of chai costs ₹45 to make. Tara wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  33. 33.Joseph makes 19 clay diyas at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  34. 34.Farhan makes 6 clay diyas at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  35. 35.Aarav makes 25 potted plants at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  36. 36.One cup of lemonade costs Arjun ₹58 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.Aarav makes 5 jute bags at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  38. 38.It costs ₹35 to make one glass of chai. Vihaan sells it for ₹37. What is the profit on one (in ₹)?
  39. 39.It costs ₹44 to make one potted plant. On the last day Aarav sells it for only ₹43. How much is the loss on one (in ₹)?
  40. 40.It costs ₹24 to make one bag of popcorn. Zoya sells it for ₹30. What is the profit on one (in ₹)?

Answer key

  1. False
  2. cost price
  3. cost price
  4. 2
  5. 20
  6. True
  7. what the buyer pays
  8. 10
  9. 1
  10. SP more than CP
  11. 1
  12. what it cost you
  13. 132
  14. 61
  15. 51
  16. False
  17. 250
  18. 27
  19. Loss
  20. 253
  21. 5
  22. True
  23. 2
  24. False
  25. False
  26. SP less than CP
  27. 18
  28. Profit
  29. cost price
  30. 228
  31. 9
  32. 63
  33. 266
  34. 42
  35. 50
  36. Loss
  37. 75
  38. 2
  39. 1
  40. 6

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