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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 569 · 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: what you paid for it? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.Joseph makes 29 paper bookmarks at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  5. 5.It costs ₹43 to make one cupcake. On the last day Rohan sells it for only ₹37. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.It costs ₹37 to make one jute bag. On the last day Joseph sells it for only ₹29. 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 ₹45 to make one potted plant. Aarav sells it for ₹49. What is the profit on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the cost price. (a) False (b) True
  12. 12.Diya makes 27 cupcakes at a cost of ₹14 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.One cup of lemonade costs ₹50 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹43 to make one friendship band. Gurpreet sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.It costs ₹35 to make one jute bag. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?
  19. 19.One glass of chai costs ₹14 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  21. 21.Ananya makes 24 paper bookmarks at a cost of ₹10 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.It costs ₹51 to make one glass of chai. Zoya sells it for ₹63. What is the profit on one (in ₹)?
  24. 24.It costs ₹33 to make one painted pebble. Tara sells it for ₹44. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.It costs ₹59 to make one bag of popcorn. On the last day Farhan sells it for only ₹49. How much is the loss on one (in ₹)?
  28. 28.True or false: “money got from a sale” is the selling price. (a) True (b) False
  29. 29.One fruit cup costs Ananya ₹32 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “cost of making one” is the cost price. (a) False (b) True
  31. 31.Arjun makes 11 clay diyas at a cost of ₹31 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  32. 32.It costs ₹7 to make one glass of chai. Dev sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs Dev ₹30 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One fruit cup costs Diya ₹35 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One friendship band costs Tara ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹24 to make one painted pebble. On the last day Vihaan sells it for only ₹15. How much is the loss on one (in ₹)?
  37. 37.Meera makes 23 fruit cups at a cost of ₹10 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  39. 39.It costs ₹28 to make one potted plant. Tara sells it for ₹47. What is the profit on one (in ₹)?
  40. 40.One handmade card costs ₹14 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. selling price
  3. 58
  4. what the buyer pays
  5. 6
  6. SP more than CP
  7. selling price
  8. 8
  9. True
  10. 4
  11. False
  12. 243
  13. False
  14. cost price
  15. 70
  16. 3
  17. cost price
  18. 3
  19. 29
  20. SP less than CP
  21. 72
  22. False
  23. 12
  24. 11
  25. what it cost you
  26. True
  27. 10
  28. True
  29. Profit
  30. True
  31. 99
  32. 20
  33. Loss
  34. Profit
  35. Profit
  36. 9
  37. 345
  38. True
  39. 19
  40. 32

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