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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 743 · 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.One painted pebble costs Aarav ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.True or false: “cost of making one” is the cost price. (a) False (b) True
  3. 3.It costs ₹47 to make one cupcake. On the last day Farhan sells it for only ₹43. How much is the loss on one (in ₹)?
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  5. 5.It costs ₹28 to make one handmade card. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  6. 6.One clay diya costs ₹11 to make. Ananya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹64 to make one friendship band. On the last day Vihaan sells it for only ₹57. How much is the loss on one (in ₹)?
  8. 8.Kabir makes 25 fruit cups at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  9. 9.One cupcake costs ₹56 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  11. 11.It costs ₹44 to make one bag of popcorn. Nisha sells it for ₹59. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.Joseph makes 22 friendship bands at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  14. 14.True or false: “money got from a sale” is the cost price. (a) False (b) True
  15. 15.It costs ₹8 to make one painted pebble. Lakshmi sells it for ₹10. What is the profit on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the cost price. (a) False (b) True
  17. 17.One cupcake costs Arjun ₹27 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.Dev makes 22 handmade cards at a cost of ₹32 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  21. 21.It costs ₹59 to make one potted plant. Vihaan sells it for ₹62. What is the profit on one (in ₹)?
  22. 22.It costs ₹30 to make one fruit cup. Rohan sells it for ₹34. What is the profit on one (in ₹)?
  23. 23.Lakshmi makes 23 friendship bands at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  27. 27.It costs ₹21 to make one fruit cup. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  28. 28.One handmade card costs Aarav ₹17 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.One bag of popcorn costs ₹46 to make. Kavya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹31 to make one painted pebble. Kabir sells it for ₹36. What is the profit on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the selling price. (a) False (b) True
  33. 33.Diya makes 8 cups of lemonade at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  34. 34.True or false: “what you paid for it” is the selling price. (a) True (b) False
  35. 35.Lakshmi makes 23 glasses of chai at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  37. 37.It costs ₹29 to make one bag of popcorn. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  38. 38.One cupcake costs Meera ₹31 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One potted plant costs Rohan ₹40 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price

Answer key

  1. Profit
  2. True
  3. 4
  4. SP more than CP
  5. 17
  6. 24
  7. 7
  8. 375
  9. 75
  10. what it cost you
  11. 15
  12. cost price
  13. 330
  14. False
  15. 2
  16. True
  17. Profit
  18. what the buyer pays
  19. cost price
  20. 66
  21. 3
  22. 4
  23. 345
  24. selling price
  25. selling price
  26. SP less than CP
  27. 10
  28. Profit
  29. cost price
  30. 56
  31. 5
  32. True
  33. 88
  34. False
  35. 299
  36. cost price
  37. 6
  38. Profit
  39. Profit
  40. selling price

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