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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 542 · 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) False (b) True
  2. 2.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.Vihaan makes 5 painted pebbles at a cost of ₹11 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  5. 5.Zoya makes 23 glasses of chai at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  6. 6.It costs ₹41 to make one handmade card. On the last day Riya sells it for only ₹39. How much is the loss on one (in ₹)?
  7. 7.It costs ₹32 to make one fruit cup. Diya sells it for ₹45. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.Ishaan makes 14 handmade cards at a cost of ₹34 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) False (b) True
  12. 12.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  13. 13.One paper bookmark costs Joseph ₹38 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  16. 16.It costs ₹30 to make one painted pebble. On the last day Nisha sells it for only ₹25. How much is the loss on one (in ₹)?
  17. 17.It costs ₹20 to make one painted pebble. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?
  18. 18.Gurpreet makes 15 cups of lemonade at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  19. 19.One painted pebble costs ₹11 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  20. 20.One potted plant costs ₹51 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.It costs ₹15 to make one potted plant. Meera sells it for ₹35. What is the profit on one (in ₹)?
  24. 24.It costs ₹40 to make one jute bag. Tara sells it for ₹50. What is the profit on one (in ₹)?
  25. 25.True or false: “the price on your board” is the selling price. (a) False (b) True
  26. 26.It costs ₹20 to make one cupcake. On the last day Joseph sells it for only ₹19. How much is the loss on one (in ₹)?
  27. 27.One paper bookmark costs Gurpreet ₹28 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One bag of popcorn costs ₹19 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.It costs ₹31 to make one fruit cup. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.It costs ₹38 to make one glass of chai. Kavya sells it for ₹45. What is the profit on one (in ₹)?
  33. 33.One fruit cup costs Lakshmi ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹10 to make one paper bookmark. On the last day Saanvi sells it for only ₹9. How much is the loss on one (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) False (b) True
  36. 36.Riya makes 17 fruit cups at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  37. 37.One handmade card costs Vihaan ₹19 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹55 to make one potted plant. Arjun sells it for ₹65. What is the profit on one (in ₹)?
  39. 39.One jute bag costs ₹38 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  40. 40.Vihaan makes 15 fruit cups at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. what it cost you
  3. selling price
  4. 35
  5. 69
  6. 2
  7. 13
  8. selling price
  9. cost price
  10. 42
  11. False
  12. SP less than CP
  13. Loss
  14. SP more than CP
  15. cost price
  16. 5
  17. 7
  18. 75
  19. 28
  20. 62
  21. False
  22. selling price
  23. 20
  24. 10
  25. True
  26. 1
  27. Profit
  28. 20
  29. False
  30. 7
  31. True
  32. 7
  33. Loss
  34. 1
  35. False
  36. 17
  37. Profit
  38. 10
  39. 42
  40. 45

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