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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 763 · 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: “what a customer pays” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.It costs ₹25 to make one handmade card. Kavya sells it for ₹29. What is the profit on one (in ₹)?
  6. 6.One bag of popcorn costs Kabir ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One bag of popcorn costs Saanvi ₹36 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.True or false: “money spent to get it” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.It costs ₹33 to make one jute bag. Diya sells it for ₹41. What is the profit on one (in ₹)?
  13. 13.True or false: “the price on your board” is the cost price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.Diya makes 23 glasses of chai at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  16. 16.One painted pebble costs ₹31 to make. Aarav wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.Saanvi makes 20 cupcakes at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  19. 19.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  20. 20.It costs ₹35 to make one bag of popcorn. Saanvi sells it for ₹52. What is the profit on one (in ₹)?
  21. 21.One clay diya costs Meera ₹26 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One bag of popcorn costs Kabir ₹54 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹58 to make one friendship band. Dev sells it for ₹62. What is the profit on one (in ₹)?
  24. 24.It costs ₹50 to make one cup of lemonade. Kabir sells it for ₹53. What is the profit on one (in ₹)?
  25. 25.One paper bookmark costs Aarav ₹54 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  27. 27.One painted pebble costs ₹18 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “cost of making one” is the cost price. (a) False (b) True
  29. 29.Gurpreet makes 12 jute bags at a cost of ₹38 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  31. 31.It costs ₹5 to make one jute bag. Saanvi sells it for ₹9. What is the profit on one (in ₹)?
  32. 32.True or false: “the price you sell at” is the selling price. (a) False (b) True
  33. 33.One potted plant costs ₹31 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  34. 34.One paper bookmark costs ₹44 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.Zoya makes 16 jute bags at a cost of ₹36 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  36. 36.It costs ₹58 to make one potted plant. Ananya sells it for ₹60. What is the profit on one (in ₹)?
  37. 37.Dev makes 29 handmade cards at a cost of ₹36 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  38. 38.Saanvi makes 6 handmade cards at a cost of ₹21 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  39. 39.One potted plant costs Saanvi ₹51 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. True
  2. what it cost you
  3. SP more than CP
  4. selling price
  5. 4
  6. Loss
  7. Loss
  8. cost price
  9. True
  10. cost price
  11. False
  12. 8
  13. False
  14. selling price
  15. 299
  16. 41
  17. cost price
  18. 40
  19. what the buyer pays
  20. 17
  21. Profit
  22. Profit
  23. 4
  24. 3
  25. Profit
  26. SP less than CP
  27. 22
  28. True
  29. 168
  30. True
  31. 4
  32. True
  33. 41
  34. 48
  35. 32
  36. 2
  37. 203
  38. 66
  39. Loss
  40. cost price

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