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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 668 · 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 it cost you (b) the profit (c) what the buyer pays (d) the discount
  2. 2.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  3. 3.One handmade card costs ₹24 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  4. 4.One friendship band costs Joseph ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.True or false: “money got from a sale” is the selling price. (a) True (b) False
  6. 6.True or false: “what you paid for it” is the selling price. (a) False (b) True
  7. 7.Riya makes 5 handmade cards at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  8. 8.True or false: “what you paid for it” is the cost price. (a) True (b) False
  9. 9.One paper bookmark costs Meera ₹39 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.One glass of chai costs Rohan ₹16 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  13. 13.One friendship band costs Ishaan ₹17 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.Saanvi makes 11 potted plants at a cost of ₹13 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  15. 15.Kabir makes 8 bags of popcorn at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  17. 17.One painted pebble costs Gurpreet ₹18 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “money spent to get it” is the cost price. (a) False (b) True
  19. 19.It costs ₹14 to make one glass of chai. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  20. 20.One jute bag costs Ishaan ₹34 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹13 to make one clay diya. On the last day Dev sells it for only ₹7. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  24. 24.True or false: “cost of making one” is the selling price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  26. 26.It costs ₹26 to make one painted pebble. Ananya sells it for ₹32. What is the profit on one (in ₹)?
  27. 27.One potted plant costs ₹24 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.Diya makes 12 painted pebbles at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.One jute bag costs Kavya ₹48 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One friendship band costs Diya ₹42 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹49 to make one potted plant. Aarav sells it for ₹57. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹37 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹43 to make one glass of chai. Lakshmi sells it for ₹59. What is the profit on one (in ₹)?
  34. 34.It costs ₹43 to make one jute bag. On the last day Farhan sells it for only ₹42. How much is the loss on one (in ₹)?
  35. 35.One cupcake costs ₹58 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹56 to make one paper bookmark. Meera sells it for ₹68. What is the profit on one (in ₹)?
  37. 37.One potted plant costs ₹7 to make. Joseph wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹60 to make one fruit cup. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  39. 39.It costs ₹10 to make one friendship band. Kabir sells it for ₹17. What is the profit on one (in ₹)?
  40. 40.It costs ₹13 to make one handmade card. Aarav sells it for ₹17. What is the profit on one (in ₹)?

Answer key

  1. what it cost you
  2. SP less than CP
  3. 40
  4. Loss
  5. True
  6. False
  7. 50
  8. True
  9. Loss
  10. selling price
  11. Profit
  12. what the buyer pays
  13. Profit
  14. 55
  15. 120
  16. selling price
  17. Loss
  18. True
  19. 1
  20. Loss
  21. 6
  22. cost price
  23. SP more than CP
  24. False
  25. cost price
  26. 6
  27. 43
  28. 72
  29. Profit
  30. Loss
  31. 8
  32. 49
  33. 16
  34. 1
  35. 77
  36. 12
  37. 15
  38. 9
  39. 7
  40. 4

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