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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 631 · 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: “the wholesale price paid” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.One paper bookmark costs Aarav ₹27 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.True or false: “cost of making one” is the cost price. (a) False (b) True
  5. 5.Joseph makes 9 bags of popcorn at a cost of ₹8 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  6. 6.True or false: “money got from a sale” is the selling price. (a) False (b) True
  7. 7.It costs ₹5 to make one potted plant. Saanvi sells it for ₹11. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.One painted pebble costs Nisha ₹37 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  11. 11.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.One paper bookmark costs Kavya ₹30 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.One friendship band costs ₹5 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.It costs ₹22 to make one jute bag. Arjun sells it for ₹28. What is the profit on one (in ₹)?
  17. 17.It costs ₹22 to make one glass of chai. On the last day Meera sells it for only ₹20. How much is the loss on one (in ₹)?
  18. 18.It costs ₹25 to make one paper bookmark. On the last day Lakshmi sells it for only ₹23. How much is the loss on one (in ₹)?
  19. 19.One potted plant costs ₹59 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  21. 21.One glass of chai costs ₹11 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹15 to make one handmade card. On the last day Saanvi sells it for only ₹14. How much is the loss on one (in ₹)?
  23. 23.One cupcake costs Dev ₹55 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  25. 25.Ananya makes 11 fruit cups at a cost of ₹34 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  26. 26.Kavya makes 18 paper bookmarks at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  27. 27.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  28. 28.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  29. 29.One clay diya costs Vihaan ₹58 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One painted pebble costs ₹29 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹60 to make one friendship band. On the last day Meera sells it for only ₹57. How much is the loss on one (in ₹)?
  32. 32.Lakshmi makes 5 handmade cards at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  33. 33.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  34. 34.One glass of chai costs ₹45 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  35. 35.One handmade card costs Ishaan ₹56 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹6 to make one painted pebble. Saanvi sells it for ₹9. What is the profit on one (in ₹)?
  37. 37.It costs ₹56 to make one handmade card. On the last day Kavya sells it for only ₹54. How much is the loss on one (in ₹)?
  38. 38.True or false: “the price on your board” is the cost price. (a) True (b) False
  39. 39.It costs ₹11 to make one clay diya. Kavya sells it for ₹13. What is the profit on one (in ₹)?
  40. 40.One cupcake costs ₹59 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. selling price
  3. Loss
  4. True
  5. 45
  6. True
  7. 6
  8. selling price
  9. Loss
  10. cost price
  11. SP less than CP
  12. cost price
  13. Loss
  14. 14
  15. cost price
  16. 6
  17. 2
  18. 2
  19. 76
  20. selling price
  21. 26
  22. 1
  23. Profit
  24. True
  25. 88
  26. 108
  27. what the buyer pays
  28. what it cost you
  29. Loss
  30. 41
  31. 3
  32. 10
  33. SP more than CP
  34. 48
  35. Profit
  36. 3
  37. 2
  38. False
  39. 2
  40. 66

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