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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 754 · 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: “money got from a sale” is the selling price. (a) True (b) False
  2. 2.One bag of popcorn costs ₹38 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  3. 3.One jute bag costs ₹38 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹14 to make one jute bag. Dev sells it for ₹32. What is the profit on one (in ₹)?
  5. 5.It costs ₹43 to make one fruit cup. On the last day Tara sells it for only ₹38. How much is the loss on one (in ₹)?
  6. 6.True or false: “cost of making one” is the cost price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  8. 8.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  9. 9.One friendship band costs Joseph ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.One fruit cup costs Diya ₹52 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹15 to make one friendship band. Kabir sells it for ₹24. What is the profit on one (in ₹)?
  14. 14.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  15. 15.True or false: “money spent to get it” is the cost price. (a) False (b) True
  16. 16.It costs ₹48 to make one friendship band. On the last day Joseph sells it for only ₹40. How much is the loss on one (in ₹)?
  17. 17.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.It costs ₹36 to make one painted pebble. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  21. 21.Aarav makes 5 cupcakes at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  22. 22.It costs ₹27 to make one bag of popcorn. Ananya sells it for ₹38. What is the profit on one (in ₹)?
  23. 23.It costs ₹23 to make one cupcake. Nisha sells it for ₹42. What is the profit on one (in ₹)?
  24. 24.It costs ₹27 to make one clay diya. Vihaan sells it for ₹32. What is the profit on one (in ₹)?
  25. 25.True or false: “the price you sell at” is the cost price. (a) False (b) True
  26. 26.It costs ₹51 to make one clay diya. On the last day Kabir sells it for only ₹41. How much is the loss on one (in ₹)?
  27. 27.It costs ₹51 to make one paper bookmark. On the last day Gurpreet sells it for only ₹45. How much is the loss on one (in ₹)?
  28. 28.One paper bookmark costs Saanvi ₹28 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹18 to make one potted plant. On the last day Zoya sells it for only ₹17. How much is the loss on one (in ₹)?
  30. 30.It costs ₹29 to make one fruit cup. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  31. 31.It costs ₹58 to make one cup of lemonade. On the last day Aarav sells it for only ₹54. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  33. 33.It costs ₹9 to make one clay diya. Ishaan sells it for ₹20. What is the profit on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the cost price. (a) True (b) False
  35. 35.One clay diya costs Diya ₹42 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Ishaan makes 14 clay diyas at a cost of ₹35 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  38. 38.Kabir makes 14 fruit cups at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) True (b) False
  40. 40.One paper bookmark costs Joseph ₹20 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. True
  2. 39
  3. 47
  4. 18
  5. 5
  6. True
  7. what it cost you
  8. SP less than CP
  9. Profit
  10. selling price
  11. selling price
  12. Loss
  13. 9
  14. what the buyer pays
  15. True
  16. 8
  17. SP more than CP
  18. cost price
  19. 2
  20. selling price
  21. 30
  22. 11
  23. 19
  24. 5
  25. False
  26. 10
  27. 6
  28. Loss
  29. 1
  30. 13
  31. 4
  32. cost price
  33. 11
  34. False
  35. Profit
  36. 126
  37. False
  38. 70
  39. False
  40. Loss

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