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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 543 · 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) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.One cup of lemonade costs Ishaan ₹55 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One potted plant costs ₹45 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  5. 5.One clay diya costs Aarav ₹25 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  7. 7.It costs ₹50 to make one cupcake. On the last day Saanvi sells it for only ₹47. How much is the loss on one (in ₹)?
  8. 8.One cup of lemonade costs Kavya ₹22 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One handmade card costs Ishaan ₹26 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  11. 11.It costs ₹57 to make one paper bookmark. On the last day Arjun sells it for only ₹54. How much is the loss on one (in ₹)?
  12. 12.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  13. 13.One painted pebble costs Saanvi ₹21 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “what you paid for it” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  16. 16.One cupcake costs Saanvi ₹57 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  18. 18.It costs ₹15 to make one bag of popcorn. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  19. 19.One handmade card costs ₹24 to make. Riya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹33 to make one friendship band. Saanvi sells it for ₹50. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.It costs ₹20 to make one jute bag. Zoya sells it for ₹21. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.One friendship band costs Kavya ₹47 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.True or false: “money spent to get it” is the cost price. (a) False (b) True
  26. 26.It costs ₹9 to make one paper bookmark. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹22 to make. Zoya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.One jute bag costs ₹33 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.Arjun makes 8 handmade cards at a cost of ₹29 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  30. 30.It costs ₹28 to make one friendship band. Tara sells it for ₹38. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.It costs ₹15 to make one painted pebble. Aarav sells it for ₹29. What is the profit on one (in ₹)?
  33. 33.One potted plant costs Meera ₹48 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹56 to make one jute bag. On the last day Diya sells it for only ₹50. How much is the loss on one (in ₹)?
  35. 35.True or false: “what you paid for it” is the cost price. (a) True (b) False
  36. 36.Ananya makes 25 cupcakes at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  37. 37.Kavya makes 17 cups of lemonade at a cost of ₹38 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  38. 38.Vihaan makes 19 painted pebbles at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  39. 39.One fruit cup costs ₹54 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  40. 40.One bag of popcorn costs Ishaan ₹19 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP less than CP
  2. selling price
  3. Loss
  4. 51
  5. Profit
  6. what it cost you
  7. 3
  8. Loss
  9. Loss
  10. what the buyer pays
  11. 3
  12. SP more than CP
  13. Profit
  14. False
  15. cost price
  16. Loss
  17. False
  18. 18
  19. 36
  20. 17
  21. cost price
  22. 1
  23. selling price
  24. Loss
  25. True
  26. 20
  27. 31
  28. 34
  29. 96
  30. 10
  31. selling price
  32. 14
  33. Loss
  34. 6
  35. True
  36. 150
  37. 17
  38. 38
  39. 57
  40. Profit

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