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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 775 · 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.One cupcake costs ₹35 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  4. 4.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  5. 5.It costs ₹48 to make one jute bag. On the last day Meera sells it for only ₹40. How much is the loss on one (in ₹)?
  6. 6.One painted pebble costs Aarav ₹22 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  9. 9.It costs ₹12 to make one friendship band. On the last day Nisha sells it for only ₹11. How much is the loss on one (in ₹)?
  10. 10.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.One glass of chai costs Meera ₹29 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹55 to make one cupcake. Arjun sells it for ₹72. What is the profit on one (in ₹)?
  14. 14.It costs ₹41 to make one paper bookmark. On the last day Ananya sells it for only ₹39. How much is the loss on one (in ₹)?
  15. 15.Zoya makes 19 jute bags at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  16. 16.One bag of popcorn costs ₹15 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) True (b) False
  18. 18.Dev makes 9 potted plants at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.True or false: “cost of making one” is the selling price. (a) False (b) True
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.One clay diya costs Ananya ₹52 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One potted plant costs ₹7 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹23 to make one painted pebble. Meera sells it for ₹34. What is the profit on one (in ₹)?
  25. 25.It costs ₹27 to make one jute bag. On the last day Lakshmi sells it for only ₹17. How much is the loss on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  29. 29.One glass of chai costs ₹42 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹61 to make one potted plant. On the last day Kabir sells it for only ₹60. How much is the loss on one (in ₹)?
  31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.Vihaan makes 20 potted plants at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.Zoya makes 8 glasses of chai at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  38. 38.One glass of chai costs Ananya ₹39 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹22 to make one friendship band. Gurpreet sells it for ₹39. What is the profit on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. 41
  2. SP less than CP
  3. False
  4. SP more than CP
  5. 8
  6. Profit
  7. False
  8. selling price
  9. 1
  10. what the buyer pays
  11. cost price
  12. Profit
  13. 17
  14. 2
  15. 171
  16. 20
  17. False
  18. 54
  19. selling price
  20. False
  21. cost price
  22. Profit
  23. 12
  24. 11
  25. 10
  26. False
  27. True
  28. what it cost you
  29. 55
  30. 1
  31. True
  32. selling price
  33. cost price
  34. 160
  35. False
  36. True
  37. 24
  38. Profit
  39. 17
  40. True

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