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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 710 · 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 price you sell at” is the cost price. (a) True (b) False
  2. 2.It costs ₹58 to make one paper bookmark. On the last day Nisha sells it for only ₹48. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.One painted pebble costs Diya ₹27 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One potted plant costs ₹25 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “what you paid for it” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.Kabir makes 19 cupcakes at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  9. 9.One glass of chai costs Joseph ₹30 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  11. 11.One glass of chai costs ₹54 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  12. 12.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.True or false: “what a customer pays” is the selling price. (a) True (b) False
  17. 17.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  18. 18.Rohan makes 7 paper bookmarks at a cost of ₹34 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  19. 19.One cupcake costs Ananya ₹18 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹21 to make one handmade card. On the last day Riya sells it for only ₹19. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  22. 22.True or false: “the price on your board” is the cost price. (a) False (b) True
  23. 23.It costs ₹22 to make one cup of lemonade. Zoya sells it for ₹32. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.True or false: “cost of making one” is the selling price. (a) False (b) True
  26. 26.Riya makes 23 paper bookmarks at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  27. 27.One cupcake costs ₹53 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹40 to make one paper bookmark. Ishaan sells it for ₹42. What is the profit on one (in ₹)?
  29. 29.It costs ₹8 to make one friendship band. Tara sells it for ₹26. What is the profit on one (in ₹)?
  30. 30.It costs ₹9 to make one potted plant. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  31. 31.It costs ₹31 to make one paper bookmark. On the last day Nisha sells it for only ₹27. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  33. 33.One potted plant costs ₹9 to make. Vihaan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.Aarav makes 27 painted pebbles at a cost of ₹25 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.It costs ₹52 to make one cup of lemonade. Ishaan sells it for ₹59. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.It costs ₹48 to make one paper bookmark. Ishaan sells it for ₹52. What is the profit on one (in ₹)?
  38. 38.It costs ₹36 to make one fruit cup. Saanvi sells it for ₹54. What is the profit on one (in ₹)?
  39. 39.One clay diya costs Arjun ₹26 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹37 to make one handmade card. On the last day Ananya sells it for only ₹30. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 10
  3. cost price
  4. Loss
  5. 30
  6. False
  7. cost price
  8. 228
  9. Loss
  10. SP more than CP
  11. 72
  12. what the buyer pays
  13. True
  14. True
  15. False
  16. True
  17. SP less than CP
  18. 70
  19. Profit
  20. 2
  21. what it cost you
  22. False
  23. 10
  24. selling price
  25. False
  26. 138
  27. 69
  28. 2
  29. 18
  30. 11
  31. 4
  32. selling price
  33. 16
  34. 27
  35. 7
  36. cost price
  37. 4
  38. 18
  39. Profit
  40. 7

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