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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 730 · 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: money spent to get it? (a) cost price (b) selling price
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  3. 3.One friendship band costs Tara ₹25 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  5. 5.It costs ₹19 to make one painted pebble. Vihaan sells it for ₹23. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  7. 7.Aarav makes 22 bags of popcorn at a cost of ₹36 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  8. 8.It costs ₹21 to make one clay diya. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  9. 9.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹16 to make one paper bookmark. Vihaan sells it for ₹20. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  13. 13.One paper bookmark costs ₹28 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price on your board” is the cost price. (a) True (b) False
  15. 15.Ishaan makes 29 handmade cards at a cost of ₹34 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  16. 16.Joseph makes 25 painted pebbles at a cost of ₹23 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.It costs ₹58 to make one cup of lemonade. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  20. 20.It costs ₹16 to make one cup of lemonade. Vihaan sells it for ₹21. What is the profit on one (in ₹)?
  21. 21.One paper bookmark costs ₹40 to make. Farhan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  23. 23.One bag of popcorn costs ₹42 to make. Joseph wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  24. 24.One painted pebble costs Diya ₹30 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Meera makes 16 jute bags at a cost of ₹36 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  26. 26.One fruit cup costs ₹18 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “cost of making one” is the cost price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  29. 29.Riya makes 17 bags of popcorn at a cost of ₹12 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  30. 30.One cup of lemonade costs Farhan ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.One fruit cup costs ₹54 to make. Meera wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.One friendship band costs Joseph ₹26 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.One bag of popcorn costs ₹11 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  36. 36.Diya makes 23 handmade cards at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  37. 37.Joseph makes 28 paper bookmarks at a cost of ₹40 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  38. 38.It costs ₹50 to make one painted pebble. On the last day Ishaan sells it for only ₹40. How much is the loss on one (in ₹)?
  39. 39.It costs ₹50 to make one cupcake. Lakshmi sells it for ₹51. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price

Answer key

  1. cost price
  2. SP less than CP
  3. Loss
  4. what the buyer pays
  5. 4
  6. what it cost you
  7. 176
  8. 5
  9. SP more than CP
  10. selling price
  11. 4
  12. selling price
  13. 45
  14. False
  15. 174
  16. 325
  17. False
  18. 6
  19. cost price
  20. 5
  21. 44
  22. cost price
  23. 59
  24. Profit
  25. 64
  26. 23
  27. True
  28. cost price
  29. 136
  30. Loss
  31. 66
  32. selling price
  33. Profit
  34. True
  35. 12
  36. 230
  37. 112
  38. 10
  39. 1
  40. selling price

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