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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 518 · 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.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  2. 2.It costs ₹8 to make one handmade card. Dev sells it for ₹11. What is the profit on one (in ₹)?
  3. 3.It costs ₹29 to make one bag of popcorn. On the last day Ananya sells it for only ₹22. How much is the loss on one (in ₹)?
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  6. 6.One handmade card costs ₹10 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  7. 7.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  8. 8.True or false: “cost of making one” is the cost price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.It costs ₹28 to make one potted plant. On the last day Nisha sells it for only ₹24. How much is the loss on one (in ₹)?
  11. 11.It costs ₹20 to make one cupcake. On the last day Nisha sells it for only ₹11. How much is the loss on one (in ₹)?
  12. 12.One cupcake costs ₹38 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.It costs ₹32 to make one jute bag. On the last day Vihaan sells it for only ₹24. How much is the loss on one (in ₹)?
  17. 17.Dev makes 24 cups of lemonade at a cost of ₹22 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  18. 18.It costs ₹47 to make one painted pebble. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
  19. 19.It costs ₹57 to make one bag of popcorn. Ananya sells it for ₹77. What is the profit on one (in ₹)?
  20. 20.It costs ₹11 to make one cup of lemonade. Arjun sells it for ₹13. What is the profit on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.It costs ₹25 to make one jute bag. On the last day Nisha sells it for only ₹16. How much is the loss on one (in ₹)?
  26. 26.One jute bag costs Joseph ₹19 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  28. 28.Meera makes 19 glasses of chai at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  29. 29.Nisha makes 8 handmade cards at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  30. 30.Joseph makes 14 friendship bands at a cost of ₹10 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  32. 32.It costs ₹39 to make one cupcake. On the last day Arjun sells it for only ₹32. How much is the loss on one (in ₹)?
  33. 33.Ananya makes 7 potted plants at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.It costs ₹7 to make one jute bag. Gurpreet sells it for ₹26. What is the profit on one (in ₹)?
  35. 35.One fruit cup costs Kavya ₹35 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Ananya makes 6 bags of popcorn at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.One painted pebble costs ₹14 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  39. 39.Rohan makes 5 handmade cards at a cost of ₹7 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  40. 40.It costs ₹25 to make one potted plant. Ananya sells it for ₹40. What is the profit on one (in ₹)?

Answer key

  1. what the buyer pays
  2. 3
  3. 7
  4. False
  5. SP more than CP
  6. 27
  7. SP less than CP
  8. True
  9. cost price
  10. 4
  11. 9
  12. 47
  13. cost price
  14. False
  15. True
  16. 8
  17. 48
  18. 8
  19. 20
  20. 2
  21. True
  22. what it cost you
  23. selling price
  24. True
  25. 9
  26. Profit
  27. cost price
  28. 95
  29. 24
  30. 84
  31. selling price
  32. 7
  33. 70
  34. 19
  35. Profit
  36. 42
  37. False
  38. 33
  39. 20
  40. 15

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