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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 458 · 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.True or false: “what you paid for it” is the cost price. (a) False (b) True
  2. 2.It costs ₹11 to make one friendship band. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  3. 3.Riya makes 21 cups of lemonade at a cost of ₹31 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  4. 4.True or false: “the price on your board” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  6. 6.It costs ₹48 to make one glass of chai. On the last day Kavya sells it for only ₹45. How much is the loss on one (in ₹)?
  7. 7.One painted pebble costs Gurpreet ₹48 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹19 to make one friendship band. Zoya sells it for ₹21. What is the profit on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  11. 11.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.One painted pebble costs Dev ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  15. 15.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  16. 16.It costs ₹29 to make one friendship band. On the last day Ananya sells it for only ₹20. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.It costs ₹53 to make one glass of chai. Joseph sells it for ₹69. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  20. 20.One friendship band costs ₹5 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.Ananya makes 24 fruit cups at a cost of ₹18 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  22. 22.It costs ₹12 to make one jute bag. On the last day Aarav sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.It costs ₹59 to make one cupcake. Dev sells it for ₹69. What is the profit on one (in ₹)?
  24. 24.It costs ₹17 to make one glass of chai. On the last day Dev sells it for only ₹11. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.One cup of lemonade costs ₹17 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “cost of making one” is the cost price. (a) True (b) False
  28. 28.It costs ₹46 to make one bag of popcorn. On the last day Saanvi sells it for only ₹44. How much is the loss on one (in ₹)?
  29. 29.One jute bag costs Rohan ₹31 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One bag of popcorn costs ₹57 to make. Riya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.Gurpreet makes 8 handmade cards at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  33. 33.It costs ₹18 to make one handmade card. Diya sells it for ₹30. What is the profit on one (in ₹)?
  34. 34.It costs ₹37 to make one friendship band. Kavya sells it for ₹46. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.One clay diya costs ₹12 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.True or false: “the price you sell at” is the selling price. (a) False (b) True
  39. 39.One paper bookmark costs ₹58 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  40. 40.Kavya makes 24 handmade cards at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. 9
  3. 273
  4. False
  5. what it cost you
  6. 3
  7. Profit
  8. 2
  9. False
  10. selling price
  11. what the buyer pays
  12. False
  13. Loss
  14. cost price
  15. SP more than CP
  16. 9
  17. cost price
  18. 16
  19. selling price
  20. 15
  21. 192
  22. 3
  23. 10
  24. 6
  25. cost price
  26. 36
  27. True
  28. 2
  29. Loss
  30. 59
  31. cost price
  32. 32
  33. 12
  34. 9
  35. selling price
  36. 31
  37. selling price
  38. True
  39. 70
  40. 168

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