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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 425 · 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.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  3. 3.Diya makes 23 paper bookmarks at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.It costs ₹26 to make one potted plant. On the last day Saanvi sells it for only ₹20. How much is the loss on one (in ₹)?
  7. 7.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  8. 8.True or false: “what a customer pays” is the selling price. (a) False (b) True
  9. 9.Gurpreet makes 30 bags of popcorn at a cost of ₹28 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  10. 10.It costs ₹15 to make one paper bookmark. Meera sells it for ₹34. What is the profit on one (in ₹)?
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  12. 12.One cup of lemonade costs Rohan ₹20 to make and sells for ₹8. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.One jute bag costs ₹13 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.One paper bookmark costs ₹16 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  15. 15.Aarav makes 21 jute bags at a cost of ₹22 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  16. 16.It costs ₹60 to make one fruit cup. Nisha sells it for ₹73. What is the profit on one (in ₹)?
  17. 17.It costs ₹17 to make one handmade card. On the last day Lakshmi sells it for only ₹15. How much is the loss on one (in ₹)?
  18. 18.It costs ₹29 to make one friendship band. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  19. 19.One clay diya costs ₹24 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “money spent to get it” is the selling price. (a) True (b) False
  21. 21.One potted plant costs ₹30 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  23. 23.It costs ₹31 to make one cupcake. On the last day Ishaan sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.One glass of chai costs Aarav ₹23 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.Farhan makes 23 friendship bands at a cost of ₹11 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  26. 26.True or false: “what you paid for it” is the cost price. (a) True (b) False
  27. 27.It costs ₹40 to make one painted pebble. Diya sells it for ₹59. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.Farhan makes 23 painted pebbles at a cost of ₹32 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.One fruit cup costs ₹10 to make. Riya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  33. 33.Farhan makes 7 handmade cards at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  34. 34.Kavya makes 18 handmade cards at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  35. 35.True or false: “what a customer pays” is the cost price. (a) False (b) True
  36. 36.It costs ₹32 to make one handmade card. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.Dev makes 5 bags of popcorn at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  39. 39.One potted plant costs ₹23 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  40. 40.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you

Answer key

  1. what the buyer pays
  2. False
  3. 161
  4. cost price
  5. cost price
  6. 6
  7. SP more than CP
  8. True
  9. 240
  10. 19
  11. SP less than CP
  12. Loss
  13. 30
  14. 26
  15. 315
  16. 13
  17. 2
  18. 10
  19. 37
  20. False
  21. 34
  22. selling price
  23. 2
  24. Profit
  25. 23
  26. True
  27. 19
  28. cost price
  29. False
  30. 115
  31. selling price
  32. 26
  33. 98
  34. 234
  35. False
  36. 2
  37. selling price
  38. 15
  39. 36
  40. what it cost you

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