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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 771 · 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: “cost of making one” is the selling price. (a) True (b) False
  2. 2.One paper bookmark costs Arjun ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.It costs ₹36 to make one cup of lemonade. Kavya sells it for ₹52. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.One potted plant costs ₹21 to make. Rohan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹16 to make one friendship band. On the last day Tara sells it for only ₹7. How much is the loss on one (in ₹)?
  7. 7.It costs ₹65 to make one cupcake. On the last day Vihaan sells it for only ₹60. How much is the loss on one (in ₹)?
  8. 8.Joseph makes 8 cups of lemonade at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  9. 9.It costs ₹19 to make one glass of chai. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  10. 10.It costs ₹53 to make one jute bag. Farhan sells it for ₹54. What is the profit on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.It costs ₹30 to make one paper bookmark. On the last day Diya sells it for only ₹21. How much is the loss on one (in ₹)?
  15. 15.Saanvi makes 6 bags of popcorn at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  16. 16.It costs ₹39 to make one jute bag. Gurpreet sells it for ₹56. What is the profit on one (in ₹)?
  17. 17.One jute bag costs Saanvi ₹24 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  20. 20.Kabir makes 13 glasses of chai at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  21. 21.Meera makes 27 clay diyas at a cost of ₹5 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  23. 23.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.One fruit cup costs Ishaan ₹42 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One paper bookmark costs ₹44 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  28. 28.It costs ₹36 to make one handmade card. Kavya sells it for ₹41. What is the profit on one (in ₹)?
  29. 29.It costs ₹58 to make one paper bookmark. Kabir sells it for ₹70. What is the profit on one (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) True (b) False
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.Arjun makes 6 fruit cups at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  33. 33.Nisha makes 17 fruit cups at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  34. 34.One handmade card costs Diya ₹27 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One friendship band costs ₹50 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “money spent to get it” is the cost price. (a) True (b) False
  37. 37.It costs ₹43 to make one painted pebble. Ishaan sells it for ₹45. What is the profit on one (in ₹)?
  38. 38.It costs ₹30 to make one cup of lemonade. On the last day Zoya sells it for only ₹22. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. False
  2. Loss
  3. 16
  4. cost price
  5. 29
  6. 9
  7. 5
  8. 8
  9. 1
  10. 1
  11. selling price
  12. what the buyer pays
  13. True
  14. 9
  15. 60
  16. 17
  17. Loss
  18. cost price
  19. SP more than CP
  20. 156
  21. 189
  22. cost price
  23. SP less than CP
  24. True
  25. Profit
  26. 51
  27. selling price
  28. 5
  29. 12
  30. False
  31. False
  32. 18
  33. 17
  34. Loss
  35. 69
  36. True
  37. 2
  38. 8
  39. what it cost you
  40. True

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