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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 70 · 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: “the wholesale price paid” is the selling price. (a) False (b) True
  2. 2.Tara makes 6 cupcakes at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  3. 3.It costs ₹55 to make one friendship band. On the last day Dev sells it for only ₹45. How much is the loss on one (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  5. 5.One cupcake costs ₹44 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  7. 7.It costs ₹32 to make one fruit cup. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.True or false: “the price you sell at” is the selling price. (a) True (b) False
  11. 11.True or false: “the price on your board” is the selling price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.It costs ₹55 to make one potted plant. On the last day Nisha sells it for only ₹54. How much is the loss on one (in ₹)?
  14. 14.True or false: “what you paid for it” is the selling price. (a) False (b) True
  15. 15.It costs ₹49 to make one glass of chai. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?
  16. 16.It costs ₹15 to make one paper bookmark. On the last day Meera sells it for only ₹8. How much is the loss on one (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.It costs ₹45 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  19. 19.One friendship band costs Aarav ₹37 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹61 to make one cup of lemonade. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  21. 21.One friendship band costs Aarav ₹43 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One paper bookmark costs ₹47 to make. Zoya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹59 to make one cup of lemonade. On the last day Riya sells it for only ₹50. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  26. 26.One painted pebble costs ₹52 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  27. 27.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  28. 28.It costs ₹42 to make one handmade card. On the last day Vihaan sells it for only ₹35. How much is the loss on one (in ₹)?
  29. 29.It costs ₹20 to make one jute bag. Lakshmi sells it for ₹35. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.True or false: “money got from a sale” is the cost price. (a) True (b) False
  32. 32.Tara makes 27 jute bags at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  33. 33.It costs ₹12 to make one cupcake. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  34. 34.One friendship band costs ₹36 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  35. 35.Zoya makes 7 jute bags at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  36. 36.It costs ₹53 to make one clay diya. Farhan sells it for ₹69. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.It costs ₹18 to make one friendship band. Ishaan sells it for ₹20. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. False
  2. 72
  3. 10
  4. True
  5. 52
  6. selling price
  7. 5
  8. SP more than CP
  9. selling price
  10. True
  11. True
  12. cost price
  13. 1
  14. False
  15. 1
  16. 7
  17. True
  18. 3
  19. Profit
  20. 6
  21. Profit
  22. 63
  23. 9
  24. what it cost you
  25. SP less than CP
  26. 58
  27. what the buyer pays
  28. 7
  29. 15
  30. selling price
  31. False
  32. 324
  33. 2
  34. 38
  35. 7
  36. 16
  37. cost price
  38. cost price
  39. 2
  40. selling price

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