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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 586 · 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 a customer pays? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.It costs ₹25 to make one bag of popcorn. On the last day Arjun sells it for only ₹22. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  5. 5.Meera makes 10 potted plants at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  6. 6.Kavya makes 11 paper bookmarks at a cost of ₹20 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.It costs ₹50 to make one cup of lemonade. Meera sells it for ₹63. What is the profit on one (in ₹)?
  8. 8.It costs ₹11 to make one potted plant. Arjun sells it for ₹18. What is the profit on one (in ₹)?
  9. 9.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  12. 12.True or false: “what a customer pays” is the cost price. (a) True (b) False
  13. 13.It costs ₹24 to make one fruit cup. On the last day Tara sells it for only ₹16. How much is the loss on one (in ₹)?
  14. 14.It costs ₹56 to make one handmade card. On the last day Riya sells it for only ₹50. How much is the loss on one (in ₹)?
  15. 15.It costs ₹30 to make one paper bookmark. Diya sells it for ₹33. What is the profit on one (in ₹)?
  16. 16.Aarav makes 17 jute bags at a cost of ₹24 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  17. 17.True or false: “money spent to get it” is the cost price. (a) True (b) False
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.It costs ₹35 to make one cup of lemonade. Ishaan sells it for ₹53. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹18 to make. Zoya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹42 to make one friendship band. On the last day Riya sells it for only ₹32. How much is the loss on one (in ₹)?
  22. 22.It costs ₹56 to make one glass of chai. On the last day Arjun sells it for only ₹46. How much is the loss on one (in ₹)?
  23. 23.It costs ₹32 to make one cupcake. On the last day Ishaan sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.It costs ₹15 to make one bag of popcorn. Riya sells it for ₹29. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.It costs ₹50 to make one clay diya. Saanvi sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.It costs ₹34 to make one jute bag. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.Zoya makes 11 clay diyas at a cost of ₹21 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  32. 32.It costs ₹37 to make one clay diya. On the last day Rohan sells it for only ₹36. How much is the loss on one (in ₹)?
  33. 33.It costs ₹43 to make one fruit cup. Saanvi sells it for ₹52. What is the profit on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) False (b) True
  35. 35.It costs ₹19 to make one friendship band. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  36. 36.It costs ₹18 to make one bag of popcorn. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  37. 37.One friendship band costs Meera ₹58 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹62 to make one jute bag. On the last day Ishaan sells it for only ₹60. How much is the loss on one (in ₹)?
  39. 39.It costs ₹15 to make one painted pebble. Ishaan sells it for ₹16. What is the profit on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) False (b) True

Answer key

  1. selling price
  2. cost price
  3. 3
  4. what it cost you
  5. 20
  6. 132
  7. 13
  8. 7
  9. SP less than CP
  10. cost price
  11. SP more than CP
  12. False
  13. 8
  14. 6
  15. 3
  16. 136
  17. True
  18. False
  19. 18
  20. 38
  21. 10
  22. 10
  23. 3
  24. True
  25. 14
  26. selling price
  27. cost price
  28. 3
  29. 3
  30. selling price
  31. 154
  32. 1
  33. 9
  34. True
  35. 15
  36. 16
  37. Loss
  38. 2
  39. 1
  40. False

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