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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 56 · 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.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  2. 2.True or false: “money spent to get it” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  6. 6.Lakshmi makes 13 bags of popcorn at a cost of ₹27 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  7. 7.Kabir makes 20 handmade cards at a cost of ₹40 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  8. 8.It costs ₹48 to make one cup of lemonade. On the last day Tara sells it for only ₹46. How much is the loss on one (in ₹)?
  9. 9.True or false: “the price on your board” is the selling price. (a) False (b) True
  10. 10.It costs ₹42 to make one handmade card. Meera sells it for ₹51. What is the profit on one (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  12. 12.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  13. 13.It costs ₹59 to make one potted plant. Ishaan sells it for ₹65. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  15. 15.It costs ₹10 to make one bag of popcorn. Zoya sells it for ₹14. What is the profit on one (in ₹)?
  16. 16.One clay diya costs Vihaan ₹23 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.One clay diya costs Diya ₹52 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.Meera makes 30 cupcakes at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.One potted plant costs ₹48 to make. Riya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.One painted pebble costs Diya ₹19 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  25. 25.It costs ₹28 to make one paper bookmark. On the last day Diya sells it for only ₹19. How much is the loss on one (in ₹)?
  26. 26.It costs ₹44 to make one handmade card. On the last day Ananya sells it for only ₹41. How much is the loss on one (in ₹)?
  27. 27.Saanvi makes 30 clay diyas at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  28. 28.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  29. 29.It costs ₹36 to make one friendship band. On the last day Gurpreet sells it for only ₹35. How much is the loss on one (in ₹)?
  30. 30.Saanvi makes 5 friendship bands at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.It costs ₹42 to make one painted pebble. On the last day Tara sells it for only ₹33. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.It costs ₹23 to make one paper bookmark. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  35. 35.Saanvi makes 19 cups of lemonade at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  36. 36.True or false: “the price you sell at” is the cost price. (a) True (b) False
  37. 37.One handmade card costs ₹20 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.True or false: “the price you sell at” is the selling price. (a) False (b) True
  40. 40.One jute bag costs ₹9 to make. Ananya wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. False
  3. selling price
  4. cost price
  5. False
  6. 39
  7. 240
  8. 2
  9. True
  10. 9
  11. True
  12. SP more than CP
  13. 6
  14. what it cost you
  15. 4
  16. Loss
  17. cost price
  18. Loss
  19. selling price
  20. 450
  21. True
  22. 49
  23. Loss
  24. selling price
  25. 9
  26. 3
  27. 450
  28. SP less than CP
  29. 1
  30. 65
  31. cost price
  32. 9
  33. cost price
  34. 3
  35. 114
  36. False
  37. 23
  38. True
  39. True
  40. 21

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