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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 687 · 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.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  2. 2.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  3. 3.It costs ₹15 to make one cupcake. Riya sells it for ₹19. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  5. 5.Diya makes 23 bags of popcorn at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  8. 8.One paper bookmark costs Joseph ₹37 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.Meera makes 26 potted plants at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.True or false: “what you paid for it” is the selling price. (a) True (b) False
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.True or false: “the price on your board” is the selling price. (a) True (b) False
  15. 15.One painted pebble costs ₹52 to make. Aarav wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  16. 16.One potted plant costs Dev ₹36 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Riya makes 12 bags of popcorn at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  18. 18.True or false: “what a customer pays” is the selling price. (a) False (b) True
  19. 19.It costs ₹48 to make one handmade card. On the last day Lakshmi sells it for only ₹40. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.It costs ₹55 to make one handmade card. Riya sells it for ₹66. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  24. 24.Meera makes 23 clay diyas at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  25. 25.One bag of popcorn costs Aarav ₹38 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  27. 27.It costs ₹17 to make one bag of popcorn. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  28. 28.It costs ₹14 to make one fruit cup. On the last day Farhan sells it for only ₹8. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  30. 30.It costs ₹10 to make one painted pebble. On the last day Lakshmi sells it for only ₹9. How much is the loss on one (in ₹)?
  31. 31.One painted pebble costs Zoya ₹44 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.Vihaan makes 12 friendship bands at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  33. 33.It costs ₹56 to make one painted pebble. On the last day Zoya sells it for only ₹54. How much is the loss on one (in ₹)?
  34. 34.Meera makes 9 cupcakes at a cost of ₹35 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  36. 36.One friendship band costs ₹41 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.Nisha makes 9 glasses of chai at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.Lakshmi makes 9 fruit cups at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  39. 39.One glass of chai costs ₹12 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  40. 40.One potted plant costs Kabir ₹60 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. SP less than CP
  2. what the buyer pays
  3. 4
  4. what it cost you
  5. 161
  6. True
  7. SP more than CP
  8. Loss
  9. 52
  10. False
  11. False
  12. False
  13. cost price
  14. True
  15. 59
  16. Profit
  17. 60
  18. True
  19. 8
  20. True
  21. 11
  22. selling price
  23. selling price
  24. 345
  25. Profit
  26. cost price
  27. 11
  28. 6
  29. selling price
  30. 1
  31. Profit
  32. 144
  33. 2
  34. 108
  35. selling price
  36. 44
  37. 45
  38. 135
  39. 29
  40. Loss

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