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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 528 · 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.True or false: “money got from a sale” is the selling price. (a) True (b) False
  2. 2.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  3. 3.One bag of popcorn costs Dev ₹57 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.One cupcake costs ₹38 to make. Gurpreet wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.Aarav makes 25 friendship bands at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  9. 9.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  10. 10.Joseph makes 19 clay diyas at a cost of ₹31 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.One friendship band costs ₹42 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  15. 15.It costs ₹7 to make one clay diya. Ananya sells it for ₹14. What is the profit on one (in ₹)?
  16. 16.Arjun makes 28 bags of popcorn at a cost of ₹13 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  17. 17.Rohan makes 11 handmade cards at a cost of ₹38 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  18. 18.One cupcake costs ₹17 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the price on your board” is the cost price. (a) False (b) True
  20. 20.One clay diya costs Aarav ₹60 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One painted pebble costs ₹14 to make. Aarav wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹37 to make one handmade card. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.One paper bookmark costs ₹59 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  27. 27.Meera makes 6 fruit cups at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  28. 28.It costs ₹35 to make one jute bag. Joseph sells it for ₹36. What is the profit on one (in ₹)?
  29. 29.One painted pebble costs Saanvi ₹40 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹46 to make one cup of lemonade. Ananya sells it for ₹54. What is the profit on one (in ₹)?
  31. 31.It costs ₹38 to make one potted plant. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  32. 32.Kabir makes 23 clay diyas at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  34. 34.True or false: “money got from a sale” is the cost price. (a) False (b) True
  35. 35.It costs ₹26 to make one friendship band. Vihaan sells it for ₹45. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.One bag of popcorn costs Rohan ₹22 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Farhan makes 17 painted pebbles at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  39. 39.Kavya makes 18 bags of popcorn at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  40. 40.One friendship band costs Rohan ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. True
  2. SP less than CP
  3. Loss
  4. cost price
  5. True
  6. selling price
  7. 40
  8. 175
  9. what the buyer pays
  10. 285
  11. cost price
  12. False
  13. 59
  14. SP more than CP
  15. 7
  16. 168
  17. 11
  18. 20
  19. False
  20. Profit
  21. 16
  22. 8
  23. selling price
  24. what it cost you
  25. cost price
  26. 61
  27. 54
  28. 1
  29. Loss
  30. 8
  31. 10
  32. 46
  33. False
  34. False
  35. 19
  36. cost price
  37. Loss
  38. 17
  39. 18
  40. Profit

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