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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 770 · 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 means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  2. 2.True or false: “what you paid for it” is the selling price. (a) True (b) False
  3. 3.True or false: “what a customer pays” is the cost price. (a) True (b) False
  4. 4.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  5. 5.It costs ₹34 to make one bag of popcorn. Aarav sells it for ₹53. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  8. 8.One cupcake costs ₹57 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹20 to make one handmade card. On the last day Joseph sells it for only ₹15. How much is the loss on one (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  11. 11.One cup of lemonade costs ₹5 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “what a customer pays” is the selling price. (a) True (b) False
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.True or false: “cost of making one” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  16. 16.It costs ₹36 to make one paper bookmark. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  17. 17.Rohan makes 6 clay diyas at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  18. 18.One potted plant costs ₹26 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.It costs ₹20 to make one painted pebble. On the last day Diya sells it for only ₹15. How much is the loss on one (in ₹)?
  23. 23.Gurpreet makes 24 handmade cards at a cost of ₹34 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  24. 24.It costs ₹41 to make one bag of popcorn. On the last day Ananya sells it for only ₹35. How much is the loss on one (in ₹)?
  25. 25.It costs ₹53 to make one cupcake. Zoya sells it for ₹63. What is the profit on one (in ₹)?
  26. 26.It costs ₹18 to make one jute bag. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  27. 27.It costs ₹40 to make one handmade card. On the last day Kabir sells it for only ₹37. How much is the loss on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.It costs ₹47 to make one jute bag. Diya sells it for ₹52. What is the profit on one (in ₹)?
  30. 30.It costs ₹37 to make one cup of lemonade. On the last day Kavya sells it for only ₹34. How much is the loss on one (in ₹)?
  31. 31.One friendship band costs ₹42 to make. Kavya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹46 to make one paper bookmark. On the last day Gurpreet sells it for only ₹45. How much is the loss on one (in ₹)?
  33. 33.It costs ₹55 to make one glass of chai. Lakshmi sells it for ₹63. What is the profit on one (in ₹)?
  34. 34.It costs ₹7 to make one painted pebble. Saanvi sells it for ₹10. What is the profit on one (in ₹)?
  35. 35.True or false: “the price on your board” is the cost price. (a) True (b) False
  36. 36.It costs ₹52 to make one fruit cup. On the last day Kavya sells it for only ₹51. How much is the loss on one (in ₹)?
  37. 37.It costs ₹16 to make one glass of chai. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  38. 38.It costs ₹43 to make one handmade card. Dev sells it for ₹46. What is the profit on one (in ₹)?
  39. 39.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price

Answer key

  1. what it cost you
  2. False
  3. False
  4. SP more than CP
  5. 19
  6. selling price
  7. SP less than CP
  8. 73
  9. 5
  10. False
  11. 20
  12. True
  13. True
  14. False
  15. selling price
  16. 8
  17. 78
  18. 31
  19. selling price
  20. True
  21. cost price
  22. 5
  23. 216
  24. 6
  25. 10
  26. 19
  27. 3
  28. True
  29. 5
  30. 3
  31. 46
  32. 1
  33. 8
  34. 3
  35. False
  36. 1
  37. 9
  38. 3
  39. what the buyer pays
  40. cost price

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