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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 547 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.It costs ₹46 to make one cup of lemonade. Dev sells it for ₹55. What is the profit on one (in ₹)?
  3. 3.One painted pebble costs Ananya ₹27 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.True or false: “what a customer pays” is the cost price. (a) True (b) False
  7. 7.True or false: “money got from a sale” is the cost price. (a) True (b) False
  8. 8.One potted plant costs Vihaan ₹51 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  11. 11.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.One potted plant costs ₹59 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  14. 14.Saanvi makes 15 paper bookmarks at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.One glass of chai costs ₹20 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.One fruit cup costs ₹55 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  19. 19.It costs ₹13 to make one glass of chai. Meera sells it for ₹25. What is the profit on one (in ₹)?
  20. 20.It costs ₹13 to make one paper bookmark. Vihaan sells it for ₹32. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹6 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹24 to make one potted plant. On the last day Aarav sells it for only ₹22. How much is the loss on one (in ₹)?
  23. 23.One jute bag costs ₹33 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  24. 24.Saanvi makes 30 cupcakes at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  25. 25.It costs ₹9 to make one cupcake. On the last day Kavya sells it for only ₹6. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.It costs ₹50 to make one glass of chai. Lakshmi sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.It costs ₹21 to make one bag of popcorn. Vihaan sells it for ₹32. What is the profit on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.One handmade card costs Joseph ₹54 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹26 to make one potted plant. Lakshmi sells it for ₹46. What is the profit on one (in ₹)?
  33. 33.Arjun makes 10 bags of popcorn at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  34. 34.True or false: “what you paid for it” is the selling price. (a) False (b) True
  35. 35.It costs ₹15 to make one jute bag. Joseph sells it for ₹35. What is the profit on one (in ₹)?
  36. 36.One potted plant costs Kabir ₹28 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One fruit cup costs Riya ₹26 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.True or false: “cost of making one” is the cost price. (a) False (b) True
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  40. 40.It costs ₹48 to make one jute bag. Arjun sells it for ₹50. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. 9
  3. Profit
  4. what it cost you
  5. cost price
  6. False
  7. False
  8. Loss
  9. cost price
  10. SP more than CP
  11. what the buyer pays
  12. selling price
  13. 63
  14. 120
  15. selling price
  16. 39
  17. 66
  18. selling price
  19. 12
  20. 19
  21. 26
  22. 2
  23. 39
  24. 330
  25. 3
  26. cost price
  27. True
  28. 3
  29. 11
  30. False
  31. Loss
  32. 20
  33. 30
  34. False
  35. 20
  36. Profit
  37. Loss
  38. True
  39. True
  40. 2

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