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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 479 · 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.It costs ₹11 to make one fruit cup. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.One fruit cup costs ₹9 to make. Arjun wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  5. 5.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  6. 6.One handmade card costs ₹12 to make. Ananya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.One painted pebble costs ₹23 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.Kabir makes 29 bags of popcorn at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.True or false: “the price you sell at” is the cost price. (a) True (b) False
  12. 12.Tara makes 18 jute bags at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.Rohan makes 22 bags of popcorn at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.One painted pebble costs ₹17 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  19. 19.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  22. 22.It costs ₹51 to make one bag of popcorn. Tara sells it for ₹64. What is the profit on one (in ₹)?
  23. 23.True or false: “what a customer pays” is the cost price. (a) False (b) True
  24. 24.Dev makes 15 potted plants at a cost of ₹16 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.It costs ₹25 to make one paper bookmark. On the last day Tara sells it for only ₹16. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.One handmade card costs Meera ₹28 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.Gurpreet makes 15 paper bookmarks at a cost of ₹14 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  31. 31.Rohan makes 20 potted plants at a cost of ₹15 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  32. 32.It costs ₹29 to make one friendship band. Tara sells it for ₹35. What is the profit on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.It costs ₹57 to make one painted pebble. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  35. 35.It costs ₹37 to make one paper bookmark. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  37. 37.One fruit cup costs Riya ₹17 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹17 to make one handmade card. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  40. 40.It costs ₹33 to make one bag of popcorn. On the last day Meera sells it for only ₹23. How much is the loss on one (in ₹)?

Answer key

  1. 7
  2. True
  3. False
  4. 16
  5. SP more than CP
  6. 27
  7. False
  8. 27
  9. 203
  10. True
  11. False
  12. 198
  13. selling price
  14. 176
  15. False
  16. SP less than CP
  17. selling price
  18. 35
  19. what the buyer pays
  20. cost price
  21. cost price
  22. 13
  23. False
  24. 90
  25. True
  26. False
  27. 9
  28. selling price
  29. Profit
  30. 30
  31. 240
  32. 6
  33. True
  34. 2
  35. 7
  36. cost price
  37. Profit
  38. 12
  39. what it cost you
  40. 10

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