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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 749 · 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 on your board? (a) cost price (b) selling price
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.It costs ₹8 to make one handmade card. On the last day Arjun sells it for only ₹6. How much is the loss on one (in ₹)?
  6. 6.One paper bookmark costs ₹15 to make. Dev wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.True or false: “what a customer pays” is the cost price. (a) True (b) False
  9. 9.It costs ₹41 to make one jute bag. On the last day Arjun sells it for only ₹38. How much is the loss on one (in ₹)?
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  13. 13.It costs ₹37 to make one painted pebble. Meera sells it for ₹49. What is the profit on one (in ₹)?
  14. 14.Nisha makes 6 cups of lemonade at a cost of ₹6 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  15. 15.True or false: “money spent to get it” is the selling price. (a) True (b) False
  16. 16.True or false: “cost of making one” is the selling price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.It costs ₹46 to make one paper bookmark. On the last day Ishaan sells it for only ₹37. How much is the loss on one (in ₹)?
  20. 20.One cupcake costs ₹59 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.It costs ₹29 to make one clay diya. Joseph sells it for ₹49. What is the profit on one (in ₹)?
  23. 23.It costs ₹8 to make one fruit cup. Ananya sells it for ₹16. What is the profit on one (in ₹)?
  24. 24.Meera makes 27 cupcakes at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  25. 25.One painted pebble costs Nisha ₹24 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹57 to make one friendship band. On the last day Ananya sells it for only ₹48. How much is the loss on one (in ₹)?
  27. 27.It costs ₹24 to make one handmade card. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  28. 28.Rohan makes 30 potted plants at a cost of ₹22 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  29. 29.It costs ₹28 to make one friendship band. Diya sells it for ₹36. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  31. 31.One friendship band costs ₹7 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹55 to make one clay diya. On the last day Ishaan sells it for only ₹50. How much is the loss on one (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.Gurpreet makes 10 potted plants at a cost of ₹18 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  35. 35.True or false: “the price you sell at” is the cost price. (a) False (b) True
  36. 36.It costs ₹15 to make one clay diya. Zoya sells it for ₹16. What is the profit on one (in ₹)?
  37. 37.It costs ₹33 to make one fruit cup. On the last day Farhan sells it for only ₹26. How much is the loss on one (in ₹)?
  38. 38.It costs ₹59 to make one fruit cup. Ishaan sells it for ₹74. What is the profit on one (in ₹)?
  39. 39.It costs ₹27 to make one fruit cup. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price

Answer key

  1. selling price
  2. SP more than CP
  3. what it cost you
  4. cost price
  5. 2
  6. 28
  7. True
  8. False
  9. 3
  10. False
  11. True
  12. what the buyer pays
  13. 12
  14. 30
  15. False
  16. False
  17. SP less than CP
  18. False
  19. 9
  20. 79
  21. selling price
  22. 20
  23. 8
  24. 378
  25. Profit
  26. 9
  27. 4
  28. 300
  29. 8
  30. cost price
  31. 16
  32. 5
  33. True
  34. 70
  35. False
  36. 1
  37. 7
  38. 15
  39. 3
  40. cost price

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