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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 478 · 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 it cost you (b) what the buyer pays (c) the profit (d) the discount
  2. 2.One bag of popcorn costs ₹17 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  3. 3.Zoya makes 15 potted plants at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.True or false: “the price you sell at” is the cost price. (a) False (b) True
  6. 6.Gurpreet makes 25 potted plants at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.True or false: “money spent to get it” is the cost price. (a) True (b) False
  9. 9.One bag of popcorn costs Kabir ₹40 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the selling price. (a) True (b) False
  12. 12.Rohan makes 7 friendship bands at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  13. 13.It costs ₹53 to make one jute bag. Kabir sells it for ₹71. What is the profit on one (in ₹)?
  14. 14.One clay diya costs Aarav ₹42 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One glass of chai costs Riya ₹47 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.It costs ₹43 to make one cup of lemonade. Joseph sells it for ₹57. What is the profit on one (in ₹)?
  17. 17.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  21. 21.One handmade card costs ₹27 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  23. 23.One paper bookmark costs Saanvi ₹19 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹39 to make one cup of lemonade. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  25. 25.It costs ₹33 to make one friendship band. Arjun sells it for ₹37. What is the profit on one (in ₹)?
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.It costs ₹12 to make one jute bag. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  28. 28.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  29. 29.It costs ₹41 to make one paper bookmark. On the last day Zoya sells it for only ₹33. How much is the loss on one (in ₹)?
  30. 30.One potted plant costs Lakshmi ₹48 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹35 to make one paper bookmark. On the last day Tara sells it for only ₹34. How much is the loss on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.One paper bookmark costs Dev ₹21 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  35. 35.It costs ₹54 to make one paper bookmark. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  36. 36.It costs ₹53 to make one clay diya. Rohan sells it for ₹63. What is the profit on one (in ₹)?
  37. 37.One potted plant costs Nisha ₹28 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹48 to make one friendship band. On the last day Arjun sells it for only ₹38. How much is the loss on one (in ₹)?
  39. 39.One jute bag costs Kabir ₹26 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹36 to make one handmade card. On the last day Gurpreet sells it for only ₹27. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. 26
  3. 225
  4. cost price
  5. False
  6. 125
  7. False
  8. True
  9. Profit
  10. selling price
  11. True
  12. 84
  13. 18
  14. Loss
  15. Loss
  16. 14
  17. SP less than CP
  18. False
  19. cost price
  20. what the buyer pays
  21. 45
  22. True
  23. Loss
  24. 7
  25. 4
  26. False
  27. 9
  28. SP more than CP
  29. 8
  30. Profit
  31. 1
  32. True
  33. Profit
  34. cost price
  35. 10
  36. 10
  37. Loss
  38. 10
  39. Loss
  40. 9

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