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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 527 · 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.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.It costs ₹46 to make one jute bag. Kavya sells it for ₹55. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.One jute bag costs ₹47 to make. Gurpreet wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  11. 11.One cup of lemonade costs ₹55 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.One paper bookmark costs Zoya ₹22 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.Kabir makes 5 cups of lemonade at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.It costs ₹51 to make one handmade card. On the last day Ananya sells it for only ₹44. How much is the loss on one (in ₹)?
  17. 17.One clay diya costs ₹58 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  19. 19.True or false: “cost of making one” is the cost price. (a) False (b) True
  20. 20.It costs ₹11 to make one painted pebble. On the last day Rohan sells it for only ₹10. How much is the loss on one (in ₹)?
  21. 21.It costs ₹45 to make one clay diya. On the last day Arjun sells it for only ₹40. How much is the loss on one (in ₹)?
  22. 22.It costs ₹43 to make one glass of chai. Nisha sells it for ₹58. What is the profit on one (in ₹)?
  23. 23.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.Meera makes 6 fruit cups at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  26. 26.One clay diya costs Kabir ₹30 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.Meera makes 24 cupcakes at a cost of ₹7 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.True or false: “what a customer pays” is the selling price. (a) True (b) False
  30. 30.One paper bookmark costs ₹37 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.One paper bookmark costs Arjun ₹25 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One painted pebble costs Gurpreet ₹57 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹25 to make one painted pebble. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  34. 34.It costs ₹56 to make one jute bag. On the last day Kavya sells it for only ₹47. How much is the loss on one (in ₹)?
  35. 35.Ananya makes 9 cupcakes at a cost of ₹23 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  36. 36.One friendship band costs Farhan ₹45 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹7 to make one jute bag. Meera sells it for ₹14. What is the profit on one (in ₹)?
  38. 38.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  39. 39.It costs ₹21 to make one jute bag. Joseph sells it for ₹37. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹29 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. SP less than CP
  2. cost price
  3. False
  4. cost price
  5. 9
  6. cost price
  7. False
  8. selling price
  9. 61
  10. what it cost you
  11. 61
  12. Loss
  13. 15
  14. False
  15. selling price
  16. 7
  17. 64
  18. selling price
  19. True
  20. 1
  21. 5
  22. 15
  23. what the buyer pays
  24. False
  25. 30
  26. Loss
  27. 72
  28. False
  29. True
  30. 41
  31. Loss
  32. Loss
  33. 5
  34. 9
  35. 81
  36. Profit
  37. 7
  38. SP more than CP
  39. 16
  40. 40

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