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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 641 · 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 you sell at? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.One cupcake costs Farhan ₹32 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.One jute bag costs ₹12 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  9. 9.Gurpreet makes 10 handmade cards at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  10. 10.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  11. 11.It costs ₹22 to make one jute bag. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  12. 12.One potted plant costs Ananya ₹35 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.Vihaan makes 16 handmade cards at a cost of ₹18 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  18. 18.It costs ₹41 to make one jute bag. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  19. 19.It costs ₹17 to make one jute bag. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
  22. 22.Arjun makes 16 cupcakes at a cost of ₹39 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  23. 23.It costs ₹57 to make one friendship band. On the last day Joseph sells it for only ₹54. How much is the loss on one (in ₹)?
  24. 24.It costs ₹60 to make one glass of chai. On the last day Joseph sells it for only ₹54. How much is the loss on one (in ₹)?
  25. 25.It costs ₹18 to make one glass of chai. On the last day Vihaan sells it for only ₹9. How much is the loss on one (in ₹)?
  26. 26.One clay diya costs Zoya ₹25 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.One handmade card costs Saanvi ₹42 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹19 to make one glass of chai. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  29. 29.One clay diya costs ₹22 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  30. 30.One paper bookmark costs ₹41 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.One friendship band costs ₹32 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  32. 32.One paper bookmark costs ₹30 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  33. 33.One paper bookmark costs ₹37 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.One painted pebble costs ₹41 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹13 to make one handmade card. Aarav sells it for ₹19. What is the profit on one (in ₹)?
  36. 36.Ananya makes 30 cupcakes at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  37. 37.It costs ₹49 to make one friendship band. Meera sells it for ₹61. What is the profit on one (in ₹)?
  38. 38.It costs ₹53 to make one cupcake. Rohan sells it for ₹69. What is the profit on one (in ₹)?
  39. 39.One clay diya costs ₹30 to make. Meera wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.Kabir makes 29 bags of popcorn at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. cost price
  3. Loss
  4. 24
  5. cost price
  6. True
  7. True
  8. SP more than CP
  9. 120
  10. what the buyer pays
  11. 7
  12. Loss
  13. selling price
  14. True
  15. cost price
  16. 32
  17. SP less than CP
  18. 3
  19. 4
  20. what it cost you
  21. False
  22. 80
  23. 3
  24. 6
  25. 9
  26. Loss
  27. Profit
  28. 9
  29. 42
  30. 45
  31. 33
  32. 40
  33. 45
  34. 56
  35. 6
  36. 240
  37. 12
  38. 16
  39. 32
  40. 348

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