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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 758 · 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: what you paid for it? (a) cost price (b) selling price
  2. 2.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.It costs ₹28 to make one cup of lemonade. On the last day Kabir sells it for only ₹26. How much is the loss on one (in ₹)?
  5. 5.Arjun makes 29 paper bookmarks at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  6. 6.It costs ₹56 to make one paper bookmark. On the last day Ishaan sells it for only ₹50. How much is the loss on one (in ₹)?
  7. 7.True or false: “the price on your board” is the cost price. (a) False (b) True
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.It costs ₹10 to make one bag of popcorn. Joseph sells it for ₹20. What is the profit on one (in ₹)?
  10. 10.One cup of lemonade costs ₹26 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  12. 12.True or false: “cost of making one” is the selling price. (a) False (b) True
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.True or false: “money spent to get it” is the cost price. (a) False (b) True
  16. 16.Diya makes 29 painted pebbles at a cost of ₹30 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  17. 17.One jute bag costs Saanvi ₹50 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹18 to make one friendship band. On the last day Farhan sells it for only ₹9. How much is the loss on one (in ₹)?
  19. 19.Zoya makes 27 handmade cards at a cost of ₹5 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  20. 20.True or false: “money got from a sale” is the selling price. (a) False (b) True
  21. 21.True or false: “the price you sell at” is the cost price. (a) False (b) True
  22. 22.It costs ₹38 to make one paper bookmark. Zoya sells it for ₹46. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  24. 24.One paper bookmark costs Arjun ₹33 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “the price you sell at” is the selling price. (a) False (b) True
  26. 26.Arjun makes 9 glasses of chai at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  27. 27.Vihaan makes 20 potted plants at a cost of ₹5 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  28. 28.One paper bookmark costs Zoya ₹41 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  30. 30.It costs ₹45 to make one paper bookmark. Meera sells it for ₹65. What is the profit on one (in ₹)?
  31. 31.It costs ₹29 to make one cupcake. Meera sells it for ₹33. What is the profit on one (in ₹)?
  32. 32.Zoya makes 12 glasses of chai at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  33. 33.One glass of chai costs ₹42 to make. Kavya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  35. 35.It costs ₹62 to make one handmade card. On the last day Aarav sells it for only ₹54. How much is the loss on one (in ₹)?
  36. 36.One friendship band costs Dev ₹19 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Tara makes 27 paper bookmarks at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  38. 38.One clay diya costs ₹31 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.One clay diya costs Joseph ₹45 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.True or false: “cost of making one” is the cost price. (a) False (b) True

Answer key

  1. cost price
  2. SP more than CP
  3. cost price
  4. 2
  5. 29
  6. 6
  7. False
  8. False
  9. 10
  10. 36
  11. what it cost you
  12. False
  13. False
  14. False
  15. True
  16. 319
  17. Loss
  18. 9
  19. 81
  20. True
  21. False
  22. 8
  23. selling price
  24. Profit
  25. True
  26. 18
  27. 200
  28. Profit
  29. what the buyer pays
  30. 20
  31. 4
  32. 48
  33. 55
  34. selling price
  35. 8
  36. Loss
  37. 135
  38. 44
  39. Loss
  40. True

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