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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 80 · 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: the price you sell at? (a) selling price (b) cost price
  2. 2.It costs ₹28 to make one potted plant. Riya sells it for ₹44. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.One handmade card costs Arjun ₹25 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  6. 6.It costs ₹32 to make one cupcake. On the last day Joseph sells it for only ₹24. How much is the loss on one (in ₹)?
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.Tara makes 15 jute bags at a cost of ₹14 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  10. 10.One cup of lemonade costs ₹31 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “money spent to get it” is the cost price. (a) True (b) False
  12. 12.One potted plant costs ₹12 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  13. 13.Joseph makes 22 cupcakes at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.It costs ₹12 to make one potted plant. On the last day Meera sells it for only ₹11. How much is the loss on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.Zoya makes 23 bags of popcorn at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.It costs ₹15 to make one paper bookmark. On the last day Tara sells it for only ₹14. How much is the loss on one (in ₹)?
  21. 21.One painted pebble costs ₹12 to make. Rohan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹27 to make one painted pebble. Nisha sells it for ₹28. What is the profit on one (in ₹)?
  23. 23.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.It costs ₹53 to make one handmade card. Rohan sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.Meera makes 28 fruit cups at a cost of ₹24 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) False (b) True
  28. 28.It costs ₹10 to make one cup of lemonade. On the last day Diya sells it for only ₹5. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.Nisha makes 19 handmade cards at a cost of ₹19 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  31. 31.True or false: “what you paid for it” is the selling price. (a) True (b) False
  32. 32.One handmade card costs ₹30 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.One cup of lemonade costs Zoya ₹41 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Kavya makes 6 friendship bands at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  36. 36.It costs ₹55 to make one glass of chai. On the last day Diya sells it for only ₹50. How much is the loss on one (in ₹)?
  37. 37.It costs ₹24 to make one clay diya. On the last day Dev sells it for only ₹19. How much is the loss on one (in ₹)?
  38. 38.One potted plant costs Ananya ₹52 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “money got from a sale” is the cost price. (a) False (b) True
  40. 40.Lakshmi makes 13 potted plants at a cost of ₹10 each and sells all of them at ₹11 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. 16
  3. cost price
  4. Profit
  5. SP less than CP
  6. 8
  7. True
  8. 120
  9. what it cost you
  10. 48
  11. True
  12. 18
  13. 66
  14. True
  15. 1
  16. True
  17. 115
  18. selling price
  19. cost price
  20. 1
  21. 13
  22. 1
  23. what the buyer pays
  24. cost price
  25. 3
  26. 112
  27. False
  28. 5
  29. cost price
  30. 209
  31. False
  32. 32
  33. selling price
  34. Profit
  35. 18
  36. 5
  37. 5
  38. Profit
  39. False
  40. 13

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