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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 439 · 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 a customer pays? (a) cost price (b) selling price
  2. 2.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  4. 4.Riya makes 5 paper bookmarks at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  5. 5.It costs ₹58 to make one handmade card. Vihaan sells it for ₹67. What is the profit on one (in ₹)?
  6. 6.Zoya makes 15 friendship bands at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  7. 7.One glass of chai costs ₹16 to make. Vihaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  8. 8.Zoya makes 23 handmade cards at a cost of ₹16 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  9. 9.It costs ₹53 to make one cup of lemonade. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?
  10. 10.Gurpreet makes 10 bags of popcorn at a cost of ₹34 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) False (b) True
  12. 12.True or false: “money got from a sale” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  15. 15.Saanvi makes 21 handmade cards at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  16. 16.It costs ₹54 to make one clay diya. Joseph sells it for ₹68. What is the profit on one (in ₹)?
  17. 17.One friendship band costs ₹8 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.Riya makes 29 fruit cups at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One jute bag costs ₹36 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹54 to make one paper bookmark. Vihaan sells it for ₹55. What is the profit on one (in ₹)?
  22. 22.One jute bag costs ₹8 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.One cupcake costs ₹43 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “what you paid for it” is the cost price. (a) True (b) False
  27. 27.Rohan makes 23 handmade cards at a cost of ₹40 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.True or false: “what a customer pays” is the cost price. (a) True (b) False
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.Arjun makes 27 jute bags at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  33. 33.It costs ₹51 to make one jute bag. On the last day Rohan sells it for only ₹43. How much is the loss on one (in ₹)?
  34. 34.One jute bag costs ₹18 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.One painted pebble costs Lakshmi ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One handmade card costs Riya ₹19 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹55 to make one friendship band. On the last day Aarav sells it for only ₹52. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. SP more than CP
  3. what it cost you
  4. 55
  5. 9
  6. 210
  7. 27
  8. 230
  9. 5
  10. 10
  11. False
  12. False
  13. selling price
  14. SP less than CP
  15. 21
  16. 14
  17. 28
  18. 203
  19. cost price
  20. 55
  21. 1
  22. 9
  23. selling price
  24. True
  25. 55
  26. True
  27. 92
  28. False
  29. False
  30. False
  31. False
  32. 216
  33. 8
  34. 37
  35. cost price
  36. cost price
  37. False
  38. Loss
  39. Loss
  40. 3

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