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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 449 · 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 discount (b) what the buyer pays (c) the profit (d) what it cost you
  2. 2.It costs ₹27 to make one paper bookmark. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs Joseph ₹19 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.It costs ₹48 to make one potted plant. Saanvi sells it for ₹68. What is the profit on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.It costs ₹59 to make one painted pebble. On the last day Ananya sells it for only ₹50. How much is the loss on one (in ₹)?
  7. 7.True or false: “the price you sell at” is the selling price. (a) False (b) True
  8. 8.It costs ₹17 to make one handmade card. Ishaan sells it for ₹26. What is the profit on one (in ₹)?
  9. 9.It costs ₹38 to make one handmade card. Kavya sells it for ₹45. What is the profit on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.It costs ₹38 to make one paper bookmark. On the last day Nisha sells it for only ₹28. How much is the loss on one (in ₹)?
  12. 12.One fruit cup costs Ishaan ₹42 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  14. 14.It costs ₹41 to make one handmade card. On the last day Gurpreet sells it for only ₹34. How much is the loss on one (in ₹)?
  15. 15.It costs ₹17 to make one painted pebble. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  17. 17.It costs ₹28 to make one cupcake. Gurpreet sells it for ₹30. What is the profit on one (in ₹)?
  18. 18.Aarav makes 29 paper bookmarks at a cost of ₹34 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.It costs ₹65 to make one glass of chai. On the last day Nisha sells it for only ₹60. How much is the loss on one (in ₹)?
  21. 21.It costs ₹59 to make one paper bookmark. On the last day Gurpreet sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.It costs ₹19 to make one painted pebble. Vihaan sells it for ₹30. What is the profit on one (in ₹)?
  23. 23.Farhan makes 21 cupcakes at a cost of ₹35 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  24. 24.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  26. 26.True or false: “what you paid for it” is the cost price. (a) False (b) True
  27. 27.One potted plant costs Tara ₹30 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹8 to make one handmade card. Ananya sells it for ₹26. What is the profit on one (in ₹)?
  29. 29.True or false: “cost of making one” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹9 to make one potted plant. On the last day Diya sells it for only ₹6. How much is the loss on one (in ₹)?
  32. 32.It costs ₹20 to make one cup of lemonade. On the last day Kavya sells it for only ₹19. How much is the loss on one (in ₹)?
  33. 33.It costs ₹53 to make one glass of chai. On the last day Arjun sells it for only ₹51. How much is the loss on one (in ₹)?
  34. 34.One glass of chai costs ₹19 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  35. 35.Rohan makes 7 fruit cups at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  36. 36.True or false: “money spent to get it” is the cost price. (a) True (b) False
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.It costs ₹27 to make one handmade card. Nisha sells it for ₹33. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  40. 40.It costs ₹42 to make one handmade card. Kabir sells it for ₹51. What is the profit on one (in ₹)?

Answer key

  1. what it cost you
  2. 8
  3. Profit
  4. 20
  5. False
  6. 9
  7. True
  8. 9
  9. 7
  10. False
  11. 10
  12. Profit
  13. SP less than CP
  14. 7
  15. 18
  16. SP more than CP
  17. 2
  18. 435
  19. cost price
  20. 5
  21. 3
  22. 11
  23. 105
  24. what the buyer pays
  25. cost price
  26. True
  27. Profit
  28. 18
  29. True
  30. selling price
  31. 3
  32. 1
  33. 2
  34. 35
  35. 14
  36. True
  37. False
  38. 6
  39. cost price
  40. 9

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