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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 474 · 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) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  2. 2.True or false: “the price on your board” is the cost price. (a) True (b) False
  3. 3.True or false: “the price you sell at” is the selling price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs ₹56 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.Riya makes 21 paper bookmarks at a cost of ₹38 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.It costs ₹13 to make one jute bag. On the last day Arjun sells it for only ₹9. How much is the loss on one (in ₹)?
  13. 13.One jute bag costs Ananya ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One handmade card costs ₹33 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.One handmade card costs ₹30 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  16. 16.One paper bookmark costs Aarav ₹25 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  18. 18.It costs ₹58 to make one painted pebble. On the last day Rohan sells it for only ₹50. How much is the loss on one (in ₹)?
  19. 19.It costs ₹54 to make one cup of lemonade. Riya sells it for ₹72. What is the profit on one (in ₹)?
  20. 20.It costs ₹52 to make one handmade card. On the last day Ananya sells it for only ₹51. How much is the loss on one (in ₹)?
  21. 21.It costs ₹23 to make one handmade card. On the last day Vihaan sells it for only ₹14. How much is the loss on one (in ₹)?
  22. 22.It costs ₹9 to make one potted plant. On the last day Dev sells it for only ₹5. How much is the loss on one (in ₹)?
  23. 23.One painted pebble costs ₹53 to make. Gurpreet wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.One cup of lemonade costs Zoya ₹43 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “cost of making one” is the cost price. (a) False (b) True
  26. 26.One painted pebble costs ₹26 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹36 to make one paper bookmark. On the last day Zoya sells it for only ₹35. How much is the loss on one (in ₹)?
  28. 28.True or false: “what you paid for it” is the selling price. (a) True (b) False
  29. 29.True or false: “the price on your board” is the selling price. (a) False (b) True
  30. 30.It costs ₹12 to make one fruit cup. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  31. 31.True or false: “what you paid for it” is the cost price. (a) False (b) True
  32. 32.It costs ₹52 to make one jute bag. Arjun sells it for ₹62. What is the profit on one (in ₹)?
  33. 33.It costs ₹22 to make one cupcake. Vihaan sells it for ₹27. What is the profit on one (in ₹)?
  34. 34.One handmade card costs ₹56 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  35. 35.Kabir makes 30 paper bookmarks at a cost of ₹23 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  36. 36.It costs ₹54 to make one clay diya. Kavya sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.One cup of lemonade costs Zoya ₹46 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.It costs ₹33 to make one potted plant. Ishaan sells it for ₹40. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹46 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. False
  3. True
  4. selling price
  5. 62
  6. cost price
  7. 315
  8. selling price
  9. False
  10. cost price
  11. cost price
  12. 4
  13. Profit
  14. 38
  15. 35
  16. Profit
  17. True
  18. 8
  19. 18
  20. 1
  21. 9
  22. 4
  23. 59
  24. Loss
  25. True
  26. 45
  27. 1
  28. False
  29. True
  30. 4
  31. True
  32. 10
  33. 5
  34. 72
  35. 120
  36. 4
  37. Loss
  38. selling price
  39. 7
  40. 63

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