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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 471 · 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.Tara makes 8 clay diyas at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  2. 2.True or false: “the price you sell at” is the cost price. (a) True (b) False
  3. 3.It costs ₹29 to make one glass of chai. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  4. 4.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  5. 5.Ananya makes 12 clay diyas at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.One painted pebble costs ₹28 to make. Dev wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  9. 9.Gurpreet makes 23 friendship bands at a cost of ₹19 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  10. 10.One cup of lemonade costs Tara ₹40 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.It costs ₹41 to make one cupcake. Saanvi sells it for ₹43. What is the profit on one (in ₹)?
  13. 13.Meera makes 25 paper bookmarks at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  14. 14.One potted plant costs Rohan ₹34 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “the price on your board” is the selling price. (a) False (b) True
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.True or false: “money spent to get it” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  19. 19.It costs ₹57 to make one bag of popcorn. Arjun sells it for ₹75. What is the profit on one (in ₹)?
  20. 20.Saanvi makes 7 fruit cups at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.Farhan makes 26 bags of popcorn at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  26. 26.It costs ₹37 to make one potted plant. On the last day Kabir sells it for only ₹29. How much is the loss on one (in ₹)?
  27. 27.It costs ₹12 to make one fruit cup. Ishaan sells it for ₹20. What is the profit on one (in ₹)?
  28. 28.It costs ₹14 to make one clay diya. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  29. 29.True or false: “money got from a sale” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  31. 31.One fruit cup costs Joseph ₹27 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One bag of popcorn costs ₹36 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  34. 34.Ishaan makes 7 glasses of chai at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.True or false: “what a customer pays” is the selling price. (a) False (b) True
  37. 37.Gurpreet makes 8 painted pebbles at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  38. 38.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  39. 39.True or false: “what you paid for it” is the cost price. (a) True (b) False
  40. 40.One friendship band costs Arjun ₹42 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 48
  2. False
  3. 4
  4. SP less than CP
  5. 144
  6. what it cost you
  7. cost price
  8. 35
  9. 138
  10. Loss
  11. cost price
  12. 2
  13. 75
  14. Profit
  15. True
  16. False
  17. False
  18. selling price
  19. 18
  20. 70
  21. selling price
  22. True
  23. selling price
  24. selling price
  25. 234
  26. 8
  27. 8
  28. 1
  29. False
  30. cost price
  31. Loss
  32. 37
  33. what the buyer pays
  34. 21
  35. cost price
  36. True
  37. 80
  38. SP more than CP
  39. True
  40. Loss

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