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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 589 · 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) cost price (b) selling price
  2. 2.It costs ₹30 to make one paper bookmark. Ishaan sells it for ₹34. What is the profit on one (in ₹)?
  3. 3.True or false: “the price you sell at” is the selling price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  6. 6.It costs ₹35 to make one cup of lemonade. Tara sells it for ₹39. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.One jute bag costs ₹45 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹52 to make one clay diya. Joseph sells it for ₹60. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.One handmade card costs ₹60 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “cost of making one” is the cost price. (a) True (b) False
  15. 15.It costs ₹50 to make one cupcake. Meera sells it for ₹53. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  17. 17.One potted plant costs ₹51 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹49 to make one fruit cup. Lakshmi sells it for ₹61. What is the profit on one (in ₹)?
  19. 19.It costs ₹32 to make one potted plant. Arjun sells it for ₹35. What is the profit on one (in ₹)?
  20. 20.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  21. 21.One painted pebble costs Meera ₹35 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.Arjun makes 25 cupcakes at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  24. 24.It costs ₹20 to make one glass of chai. On the last day Ishaan sells it for only ₹17. How much is the loss on one (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) False (b) True
  26. 26.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  27. 27.One fruit cup costs ₹60 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  28. 28.One handmade card costs Rohan ₹22 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.One glass of chai costs ₹56 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹11 to make one cup of lemonade. Kavya sells it for ₹31. What is the profit on one (in ₹)?
  32. 32.Diya makes 16 cupcakes at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  33. 33.It costs ₹58 to make one bag of popcorn. On the last day Meera sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.It costs ₹30 to make one potted plant. Lakshmi sells it for ₹44. What is the profit on one (in ₹)?
  35. 35.Aarav makes 5 friendship bands at a cost of ₹35 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  36. 36.It costs ₹36 to make one friendship band. On the last day Dev sells it for only ₹31. How much is the loss on one (in ₹)?
  37. 37.One cupcake costs Arjun ₹17 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One potted plant costs Ananya ₹16 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price

Answer key

  1. selling price
  2. 4
  3. True
  4. selling price
  5. what it cost you
  6. 4
  7. cost price
  8. False
  9. 54
  10. 8
  11. selling price
  12. cost price
  13. 73
  14. True
  15. 3
  16. SP more than CP
  17. 61
  18. 12
  19. 3
  20. SP less than CP
  21. Profit
  22. cost price
  23. 225
  24. 3
  25. False
  26. what the buyer pays
  27. 70
  28. Profit
  29. True
  30. 63
  31. 20
  32. 48
  33. 3
  34. 14
  35. 20
  36. 5
  37. Loss
  38. Loss
  39. True
  40. selling price

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