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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 420 · 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: what you paid for it? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  6. 6.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  7. 7.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  8. 8.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  9. 9.One cupcake costs ₹21 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  10. 10.One cup of lemonade costs Meera ₹45 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.True or false: “the price you sell at” is the selling price. (a) True (b) False
  12. 12.It costs ₹34 to make one potted plant. On the last day Riya sells it for only ₹25. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  14. 14.True or false: “what a customer pays” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  16. 16.It costs ₹16 to make one clay diya. On the last day Diya sells it for only ₹7. How much is the loss on one (in ₹)?
  17. 17.It costs ₹41 to make one bag of popcorn. Arjun sells it for ₹59. What is the profit on one (in ₹)?
  18. 18.It costs ₹47 to make one painted pebble. Saanvi sells it for ₹63. What is the profit on one (in ₹)?
  19. 19.True or false: “cost of making one” is the cost price. (a) True (b) False
  20. 20.It costs ₹28 to make one paper bookmark. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) False (b) True
  22. 22.Kavya makes 25 friendship bands at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.Ananya makes 23 paper bookmarks at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  25. 25.One paper bookmark costs Ishaan ₹18 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.One cup of lemonade costs ₹21 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  28. 28.Joseph makes 18 paper bookmarks at a cost of ₹13 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  29. 29.One friendship band costs Farhan ₹31 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Riya makes 16 fruit cups at a cost of ₹29 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  31. 31.One friendship band costs ₹33 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) False (b) True
  33. 33.Gurpreet makes 6 paper bookmarks at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  34. 34.Aarav makes 24 jute bags at a cost of ₹40 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  35. 35.Nisha makes 5 handmade cards at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  36. 36.It costs ₹41 to make one glass of chai. Dev sells it for ₹46. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs ₹6 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  38. 38.One paper bookmark costs ₹31 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹33 to make one painted pebble. On the last day Nisha sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.It costs ₹15 to make one handmade card. On the last day Tara sells it for only ₹7. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. cost price
  3. what the buyer pays
  4. cost price
  5. what it cost you
  6. SP more than CP
  7. True
  8. SP less than CP
  9. 28
  10. Profit
  11. True
  12. 9
  13. cost price
  14. True
  15. selling price
  16. 9
  17. 18
  18. 16
  19. True
  20. 8
  21. False
  22. 250
  23. selling price
  24. 92
  25. Profit
  26. False
  27. 39
  28. 162
  29. Loss
  30. 48
  31. 53
  32. False
  33. 48
  34. 216
  35. 15
  36. 5
  37. 17
  38. 38
  39. 7
  40. 8

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