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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 591 · 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.True or false: “what a customer pays” is the cost price. (a) False (b) True
  2. 2.True or false: “cost of making one” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  4. 4.It costs ₹28 to make one potted plant. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  7. 7.Zoya makes 15 handmade cards at a cost of ₹18 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  8. 8.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  9. 9.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.It costs ₹27 to make one paper bookmark. Kabir sells it for ₹44. What is the profit on one (in ₹)?
  12. 12.It costs ₹29 to make one fruit cup. Tara sells it for ₹43. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.Rohan makes 5 bags of popcorn at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  15. 15.One bag of popcorn costs Arjun ₹59 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹58 to make one glass of chai. Meera sells it for ₹61. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.It costs ₹10 to make one clay diya. On the last day Ishaan sells it for only ₹7. How much is the loss on one (in ₹)?
  19. 19.One bag of popcorn costs Ishaan ₹55 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.It costs ₹61 to make one painted pebble. On the last day Arjun sells it for only ₹53. How much is the loss on one (in ₹)?
  22. 22.One paper bookmark costs ₹8 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹41 to make one glass of chai. Kavya sells it for ₹50. What is the profit on one (in ₹)?
  24. 24.True or false: “the price you sell at” is the cost price. (a) True (b) False
  25. 25.Rohan makes 29 bags of popcorn at a cost of ₹6 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  26. 26.Aarav makes 20 handmade cards at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) True (b) False
  28. 28.It costs ₹24 to make one glass of chai. On the last day Ananya sells it for only ₹20. How much is the loss on one (in ₹)?
  29. 29.It costs ₹43 to make one cup of lemonade. Diya sells it for ₹58. What is the profit on one (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
  31. 31.It costs ₹50 to make one potted plant. On the last day Meera sells it for only ₹47. How much is the loss on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) False (b) True
  33. 33.It costs ₹19 to make one paper bookmark. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  34. 34.One jute bag costs ₹52 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹11 to make one paper bookmark. Aarav sells it for ₹26. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹40 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  37. 37.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  38. 38.Ananya makes 25 paper bookmarks at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  39. 39.One cupcake costs Meera ₹18 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹49 to make one paper bookmark. On the last day Nisha sells it for only ₹46. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. False
  3. what it cost you
  4. 6
  5. selling price
  6. False
  7. 180
  8. SP less than CP
  9. what the buyer pays
  10. selling price
  11. 17
  12. 14
  13. cost price
  14. 45
  15. Loss
  16. 3
  17. selling price
  18. 3
  19. Profit
  20. cost price
  21. 8
  22. 13
  23. 9
  24. False
  25. 435
  26. 80
  27. True
  28. 4
  29. 15
  30. False
  31. 3
  32. False
  33. 4
  34. 63
  35. 15
  36. 46
  37. SP more than CP
  38. 75
  39. Loss
  40. 3

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