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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 440 · 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 means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.Rohan makes 23 cupcakes at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  4. 4.Dev makes 6 paper bookmarks at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.True or false: “money got from a sale” is the cost price. (a) False (b) True
  7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  12. 12.It costs ₹57 to make one painted pebble. On the last day Diya sells it for only ₹56. How much is the loss on one (in ₹)?
  13. 13.One cup of lemonade costs ₹27 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹35 to make one potted plant. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  15. 15.Saanvi makes 5 fruit cups at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  16. 16.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  17. 17.It costs ₹42 to make one friendship band. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.Zoya makes 18 friendship bands at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  20. 20.One painted pebble costs Gurpreet ₹30 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.True or false: “what a customer pays” is the selling price. (a) False (b) True
  23. 23.One painted pebble costs Joseph ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹53 to make one glass of chai. On the last day Kabir sells it for only ₹50. How much is the loss on one (in ₹)?
  25. 25.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  26. 26.Tara makes 13 paper bookmarks at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  27. 27.Rohan makes 9 friendship bands at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  28. 28.One bag of popcorn costs ₹22 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.Lakshmi makes 10 fruit cups at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  30. 30.It costs ₹54 to make one jute bag. Aarav sells it for ₹68. What is the profit on one (in ₹)?
  31. 31.Farhan makes 25 jute bags at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  32. 32.It costs ₹29 to make one jute bag. Lakshmi sells it for ₹30. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs ₹22 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  35. 35.True or false: “what you paid for it” is the selling price. (a) True (b) False
  36. 36.It costs ₹9 to make one glass of chai. Diya sells it for ₹19. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.One handmade card costs ₹30 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹8 to make one glass of chai. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. False
  3. 322
  4. 30
  5. cost price
  6. False
  7. False
  8. what the buyer pays
  9. selling price
  10. cost price
  11. selling price
  12. 1
  13. 38
  14. 17
  15. 45
  16. SP more than CP
  17. 1
  18. selling price
  19. 234
  20. Profit
  21. True
  22. True
  23. Profit
  24. 3
  25. False
  26. 182
  27. 126
  28. 35
  29. 120
  30. 14
  31. 100
  32. 1
  33. 31
  34. cost price
  35. False
  36. 10
  37. cost price
  38. True
  39. 35
  40. 3

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