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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 429 · 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.One cupcake costs Dev ₹21 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.It costs ₹38 to make one cupcake. Vihaan sells it for ₹58. What is the profit on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.It costs ₹11 to make one clay diya. On the last day Nisha sells it for only ₹7. How much is the loss on one (in ₹)?
  7. 7.True or false: “what you paid for it” is the selling price. (a) True (b) False
  8. 8.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.It costs ₹24 to make one fruit cup. On the last day Gurpreet sells it for only ₹23. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  13. 13.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.It costs ₹12 to make one jute bag. On the last day Meera sells it for only ₹5. How much is the loss on one (in ₹)?
  17. 17.One friendship band costs ₹27 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.It costs ₹33 to make one potted plant. Meera sells it for ₹47. What is the profit on one (in ₹)?
  21. 21.Ananya makes 20 clay diyas at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  22. 22.One cupcake costs Diya ₹45 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Kavya makes 17 cups of lemonade at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  24. 24.It costs ₹31 to make one glass of chai. Saanvi sells it for ₹51. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.Zoya makes 23 jute bags at a cost of ₹34 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  27. 27.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  28. 28.One friendship band costs Aarav ₹57 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.Zoya makes 7 clay diyas at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.It costs ₹45 to make one paper bookmark. Lakshmi sells it for ₹54. What is the profit on one (in ₹)?
  32. 32.It costs ₹61 to make one bag of popcorn. On the last day Joseph sells it for only ₹60. How much is the loss on one (in ₹)?
  33. 33.It costs ₹30 to make one fruit cup. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  34. 34.True or false: “cost of making one” is the cost price. (a) True (b) False
  35. 35.True or false: “cost of making one” is the selling price. (a) True (b) False
  36. 36.One cup of lemonade costs ₹46 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.One friendship band costs Saanvi ₹18 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One cupcake costs ₹39 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.One jute bag costs ₹30 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?

Answer key

  1. Profit
  2. 20
  3. True
  4. selling price
  5. cost price
  6. 4
  7. False
  8. what it cost you
  9. cost price
  10. 1
  11. selling price
  12. what the buyer pays
  13. SP more than CP
  14. False
  15. False
  16. 7
  17. 47
  18. True
  19. cost price
  20. 14
  21. 200
  22. Profit
  23. 85
  24. 20
  25. selling price
  26. 138
  27. SP less than CP
  28. Loss
  29. 49
  30. True
  31. 9
  32. 1
  33. 16
  34. True
  35. False
  36. 61
  37. Profit
  38. 44
  39. True
  40. 43

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