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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 817 · 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.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  2. 2.One friendship band costs Vihaan ₹42 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.One painted pebble costs Kabir ₹58 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.One paper bookmark costs ₹12 to make. Kavya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.It costs ₹16 to make one cup of lemonade. Dev sells it for ₹23. What is the profit on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.Kavya makes 22 jute bags at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  13. 13.It costs ₹25 to make one jute bag. On the last day Vihaan sells it for only ₹24. How much is the loss on one (in ₹)?
  14. 14.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.True or false: “what a customer pays” is the cost price. (a) False (b) True
  18. 18.It costs ₹14 to make one bag of popcorn. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?
  19. 19.It costs ₹16 to make one paper bookmark. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  20. 20.One jute bag costs ₹16 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.It costs ₹54 to make one paper bookmark. On the last day Vihaan sells it for only ₹46. How much is the loss on one (in ₹)?
  23. 23.It costs ₹13 to make one friendship band. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  24. 24.One fruit cup costs ₹21 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  25. 25.One painted pebble costs Saanvi ₹40 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “money got from a sale” is the selling price. (a) True (b) False
  27. 27.Gurpreet makes 10 friendship bands at a cost of ₹11 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  29. 29.One cupcake costs ₹11 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.One fruit cup costs Nisha ₹23 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One handmade card costs ₹5 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  33. 33.Ananya makes 29 glasses of chai at a cost of ₹37 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  34. 34.One friendship band costs Lakshmi ₹16 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.One handmade card costs Joseph ₹52 to make and sells for ₹58. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One fruit cup costs ₹33 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  38. 38.Meera makes 11 friendship bands at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  39. 39.It costs ₹28 to make one paper bookmark. On the last day Arjun sells it for only ₹23. How much is the loss on one (in ₹)?
  40. 40.It costs ₹28 to make one friendship band. Dev sells it for ₹31. What is the profit on one (in ₹)?

Answer key

  1. SP less than CP
  2. Loss
  3. what it cost you
  4. selling price
  5. cost price
  6. Profit
  7. False
  8. 27
  9. 7
  10. False
  11. selling price
  12. 66
  13. 1
  14. SP more than CP
  15. selling price
  16. True
  17. False
  18. 1
  19. 5
  20. 26
  21. cost price
  22. 8
  23. 17
  24. 32
  25. Profit
  26. True
  27. 30
  28. cost price
  29. 18
  30. True
  31. Loss
  32. 15
  33. 58
  34. Profit
  35. cost price
  36. Profit
  37. 50
  38. 132
  39. 5
  40. 3

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