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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 617 · 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.One paper bookmark costs Aarav ₹58 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  4. 4.It costs ₹28 to make one potted plant. Zoya sells it for ₹46. What is the profit on one (in ₹)?
  5. 5.One friendship band costs ₹23 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  6. 6.Joseph makes 5 clay diyas at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  7. 7.One paper bookmark costs Farhan ₹43 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.One jute bag costs Ananya ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.It costs ₹18 to make one cupcake. On the last day Zoya sells it for only ₹17. How much is the loss on one (in ₹)?
  12. 12.One paper bookmark costs Riya ₹47 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  14. 14.True or false: “the price on your board” is the cost price. (a) True (b) False
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.One cup of lemonade costs Aarav ₹32 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “what a customer pays” is the cost price. (a) True (b) False
  19. 19.It costs ₹56 to make one cup of lemonade. On the last day Farhan sells it for only ₹55. How much is the loss on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.One bag of popcorn costs ₹17 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “the price you sell at” is the selling price. (a) True (b) False
  23. 23.It costs ₹42 to make one potted plant. On the last day Rohan sells it for only ₹39. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs ₹27 to make. Kabir wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.One paper bookmark costs Kabir ₹16 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  27. 27.It costs ₹6 to make one handmade card. Rohan sells it for ₹23. What is the profit on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.It costs ₹62 to make one painted pebble. On the last day Meera sells it for only ₹57. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  32. 32.It costs ₹35 to make one jute bag. Aarav sells it for ₹48. What is the profit on one (in ₹)?
  33. 33.Farhan makes 18 paper bookmarks at a cost of ₹25 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  35. 35.Joseph makes 24 cups of lemonade at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  36. 36.It costs ₹41 to make one friendship band. Gurpreet sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.Rohan makes 16 jute bags at a cost of ₹21 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.Vihaan makes 10 fruit cups at a cost of ₹5 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) True (b) False

Answer key

  1. Profit
  2. False
  3. what it cost you
  4. 18
  5. 28
  6. 5
  7. Profit
  8. Loss
  9. SP less than CP
  10. True
  11. 1
  12. Loss
  13. cost price
  14. False
  15. False
  16. cost price
  17. Profit
  18. False
  19. 1
  20. False
  21. 35
  22. True
  23. 3
  24. 45
  25. Loss
  26. SP more than CP
  27. 17
  28. False
  29. cost price
  30. 5
  31. selling price
  32. 13
  33. 36
  34. what the buyer pays
  35. 312
  36. 17
  37. selling price
  38. 96
  39. 90
  40. True

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