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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 694 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.Dev makes 26 glasses of chai at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  6. 6.It costs ₹13 to make one paper bookmark. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  7. 7.It costs ₹53 to make one paper bookmark. Ishaan sells it for ₹69. What is the profit on one (in ₹)?
  8. 8.True or false: “the price on your board” is the selling price. (a) True (b) False
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.It costs ₹29 to make one cup of lemonade. Kabir sells it for ₹42. What is the profit on one (in ₹)?
  11. 11.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  12. 12.Diya makes 27 friendship bands at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  14. 14.One paper bookmark costs Kavya ₹38 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
  17. 17.One bag of popcorn costs Riya ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.One paper bookmark costs Joseph ₹43 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One painted pebble costs ₹39 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  21. 21.It costs ₹65 to make one jute bag. On the last day Riya sells it for only ₹59. How much is the loss on one (in ₹)?
  22. 22.One jute bag costs ₹43 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  23. 23.Nisha makes 14 cups of lemonade at a cost of ₹26 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  24. 24.One friendship band costs ₹54 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “what you paid for it” is the cost price. (a) False (b) True
  26. 26.One cup of lemonade costs ₹54 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.One friendship band costs Tara ₹17 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹40 to make one glass of chai. Lakshmi sells it for ₹58. What is the profit on one (in ₹)?
  29. 29.Zoya makes 14 bags of popcorn at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  30. 30.It costs ₹60 to make one clay diya. On the last day Meera sells it for only ₹59. How much is the loss on one (in ₹)?
  31. 31.Arjun makes 9 painted pebbles at a cost of ₹10 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.True or false: “money spent to get it” is the selling price. (a) False (b) True
  35. 35.It costs ₹9 to make one painted pebble. Diya sells it for ₹10. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  37. 37.It costs ₹47 to make one painted pebble. Ishaan sells it for ₹62. What is the profit on one (in ₹)?
  38. 38.True or false: “cost of making one” is the selling price. (a) True (b) False
  39. 39.It costs ₹40 to make one potted plant. Meera sells it for ₹57. What is the profit on one (in ₹)?
  40. 40.One jute bag costs Tara ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. True
  2. SP more than CP
  3. cost price
  4. cost price
  5. 338
  6. 5
  7. 16
  8. True
  9. False
  10. 13
  11. what the buyer pays
  12. 405
  13. what it cost you
  14. Profit
  15. SP less than CP
  16. False
  17. Loss
  18. Loss
  19. 43
  20. selling price
  21. 6
  22. 49
  23. 210
  24. 56
  25. True
  26. 55
  27. Loss
  28. 18
  29. 112
  30. 1
  31. 99
  32. selling price
  33. cost price
  34. False
  35. 1
  36. selling price
  37. 15
  38. False
  39. 17
  40. Profit

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