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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 582 · 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: money spent to get it? (a) selling price (b) cost price
  2. 2.It costs ₹48 to make one jute bag. On the last day Aarav sells it for only ₹46. How much is the loss on one (in ₹)?
  3. 3.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  4. 4.True or false: “money spent to get it” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.One painted pebble costs Diya ₹39 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹14 to make one glass of chai. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  11. 11.True or false: “the price on your board” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.It costs ₹55 to make one paper bookmark. Vihaan sells it for ₹75. What is the profit on one (in ₹)?
  14. 14.It costs ₹27 to make one bag of popcorn. On the last day Dev sells it for only ₹21. How much is the loss on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) True (b) False
  16. 16.It costs ₹35 to make one potted plant. On the last day Arjun sells it for only ₹26. How much is the loss on one (in ₹)?
  17. 17.It costs ₹17 to make one jute bag. On the last day Joseph sells it for only ₹10. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.One potted plant costs Diya ₹22 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.One cup of lemonade costs ₹21 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  21. 21.One jute bag costs Nisha ₹51 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  23. 23.True or false: “what a customer pays” is the selling price. (a) True (b) False
  24. 24.It costs ₹14 to make one fruit cup. Diya sells it for ₹34. What is the profit on one (in ₹)?
  25. 25.It costs ₹36 to make one bag of popcorn. Arjun sells it for ₹42. What is the profit on one (in ₹)?
  26. 26.It costs ₹32 to make one fruit cup. Joseph sells it for ₹39. What is the profit on one (in ₹)?
  27. 27.Kabir makes 16 cupcakes at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  28. 28.Arjun makes 30 handmade cards at a cost of ₹25 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  29. 29.Tara makes 16 friendship bands at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  30. 30.One handmade card costs Aarav ₹47 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One paper bookmark costs ₹21 to make. Arjun wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.It costs ₹10 to make one fruit cup. Ishaan sells it for ₹29. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.Dev makes 19 cupcakes at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  36. 36.It costs ₹33 to make one cup of lemonade. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  37. 37.It costs ₹6 to make one clay diya. Aarav sells it for ₹23. What is the profit on one (in ₹)?
  38. 38.It costs ₹34 to make one fruit cup. Ishaan sells it for ₹50. What is the profit on one (in ₹)?
  39. 39.Ishaan makes 21 bags of popcorn at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  40. 40.One cup of lemonade costs Zoya ₹44 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 2
  3. SP more than CP
  4. False
  5. cost price
  6. what the buyer pays
  7. SP less than CP
  8. False
  9. Profit
  10. 9
  11. False
  12. cost price
  13. 20
  14. 6
  15. True
  16. 9
  17. 7
  18. selling price
  19. Profit
  20. 40
  21. Loss
  22. what it cost you
  23. True
  24. 20
  25. 6
  26. 7
  27. 128
  28. 420
  29. 96
  30. Profit
  31. 35
  32. False
  33. 19
  34. selling price
  35. 57
  36. 20
  37. 17
  38. 16
  39. 294
  40. Loss

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