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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 711 · 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 or selling price: the price you sell at? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.Arjun makes 20 cups of lemonade at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  4. 4.It costs ₹5 to make one bag of popcorn. Saanvi sells it for ₹19. What is the profit on one (in ₹)?
  5. 5.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.It costs ₹11 to make one jute bag. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  9. 9.One painted pebble costs Dev ₹44 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹54 to make one clay diya. Rohan sells it for ₹65. What is the profit on one (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.Meera makes 7 glasses of chai at a cost of ₹38 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  13. 13.Rohan makes 16 cups of lemonade at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.True or false: “money spent to get it” is the selling price. (a) False (b) True
  16. 16.It costs ₹30 to make one clay diya. Arjun sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  20. 20.One potted plant costs ₹16 to make. Saanvi wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹18 to make one friendship band. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  22. 22.One clay diya costs Gurpreet ₹40 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹18 to make one friendship band. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  24. 24.It costs ₹35 to make one handmade card. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  28. 28.One jute bag costs ₹29 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.Ananya makes 19 handmade cards at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  30. 30.It costs ₹36 to make one paper bookmark. On the last day Ishaan sells it for only ₹29. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.It costs ₹55 to make one clay diya. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  34. 34.One bag of popcorn costs Kabir ₹41 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One bag of popcorn costs ₹53 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “what a customer pays” is the cost price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  38. 38.One friendship band costs ₹46 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.One bag of popcorn costs Ananya ₹38 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays

Answer key

  1. selling price
  2. selling price
  3. 60
  4. 14
  5. SP less than CP
  6. cost price
  7. 10
  8. what it cost you
  9. Loss
  10. 11
  11. False
  12. 14
  13. 16
  14. True
  15. False
  16. 16
  17. selling price
  18. False
  19. SP more than CP
  20. 36
  21. 2
  22. Loss
  23. 11
  24. 10
  25. selling price
  26. False
  27. False
  28. 40
  29. 285
  30. 7
  31. cost price
  32. True
  33. 13
  34. Profit
  35. 66
  36. False
  37. cost price
  38. 59
  39. Profit
  40. what the buyer pays

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