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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 643 · 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 means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  2. 2.Kavya makes 6 cups of lemonade at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  3. 3.True or false: “what you paid for it” is the cost price. (a) True (b) False
  4. 4.It costs ₹46 to make one cupcake. Joseph sells it for ₹59. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.It costs ₹53 to make one painted pebble. On the last day Joseph sells it for only ₹43. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  15. 15.True or false: “the price you sell at” is the selling price. (a) False (b) True
  16. 16.It costs ₹10 to make one clay diya. Tara sells it for ₹12. What is the profit on one (in ₹)?
  17. 17.Arjun makes 15 potted plants at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  18. 18.It costs ₹51 to make one bag of popcorn. Saanvi sells it for ₹69. What is the profit on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) True (b) False
  20. 20.One cupcake costs Joseph ₹55 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹58 to make one fruit cup. On the last day Ananya sells it for only ₹56. How much is the loss on one (in ₹)?
  22. 22.One handmade card costs Saanvi ₹51 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.It costs ₹29 to make one paper bookmark. Kabir sells it for ₹47. What is the profit on one (in ₹)?
  27. 27.It costs ₹44 to make one handmade card. Diya sells it for ₹55. What is the profit on one (in ₹)?
  28. 28.One clay diya costs ₹37 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “money got from a sale” is the selling price. (a) True (b) False
  30. 30.It costs ₹38 to make one handmade card. Zoya sells it for ₹50. What is the profit on one (in ₹)?
  31. 31.True or false: “money spent to get it” is the cost price. (a) True (b) False
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.It costs ₹34 to make one cupcake. On the last day Nisha sells it for only ₹25. How much is the loss on one (in ₹)?
  34. 34.Meera makes 22 cupcakes at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  35. 35.One friendship band costs ₹9 to make. Tara wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  36. 36.Rohan makes 19 paper bookmarks at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  37. 37.One friendship band costs Diya ₹38 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One jute bag costs Rohan ₹41 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹63 to make one friendship band. On the last day Meera sells it for only ₹56. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs ₹39 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. 60
  3. True
  4. 13
  5. cost price
  6. False
  7. cost price
  8. 10
  9. selling price
  10. what the buyer pays
  11. False
  12. selling price
  13. selling price
  14. SP less than CP
  15. True
  16. 2
  17. 150
  18. 18
  19. False
  20. Profit
  21. 2
  22. Loss
  23. SP more than CP
  24. True
  25. selling price
  26. 18
  27. 11
  28. 48
  29. True
  30. 12
  31. True
  32. False
  33. 9
  34. 110
  35. 29
  36. 38
  37. Loss
  38. Loss
  39. 7
  40. 57

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