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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 819 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.True or false: “cost of making one” is the cost price. (a) False (b) True
  3. 3.One handmade card costs Aarav ₹26 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One bag of popcorn costs Aarav ₹24 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.It costs ₹54 to make one handmade card. On the last day Diya sells it for only ₹44. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.True or false: “what a customer pays” is the selling price. (a) False (b) True
  8. 8.True or false: “the price you sell at” is the cost price. (a) False (b) True
  9. 9.One fruit cup costs Tara ₹44 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.One friendship band costs Meera ₹58 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  12. 12.True or false: “money spent to get it” is the cost price. (a) False (b) True
  13. 13.It costs ₹15 to make one cup of lemonade. On the last day Joseph sells it for only ₹13. How much is the loss on one (in ₹)?
  14. 14.One paper bookmark costs Riya ₹40 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹26 to make one friendship band. Arjun sells it for ₹42. What is the profit on one (in ₹)?
  16. 16.It costs ₹27 to make one glass of chai. On the last day Saanvi sells it for only ₹21. How much is the loss on one (in ₹)?
  17. 17.True or false: “cost of making one” is the selling price. (a) False (b) True
  18. 18.One handmade card costs ₹5 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  20. 20.One fruit cup costs ₹12 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.It costs ₹57 to make one handmade card. Ananya sells it for ₹67. What is the profit on one (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.It costs ₹24 to make one handmade card. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  27. 27.It costs ₹13 to make one bag of popcorn. On the last day Rohan sells it for only ₹9. How much is the loss on one (in ₹)?
  28. 28.It costs ₹31 to make one paper bookmark. Rohan sells it for ₹42. What is the profit on one (in ₹)?
  29. 29.Saanvi makes 28 potted plants at a cost of ₹9 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  30. 30.It costs ₹31 to make one fruit cup. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  31. 31.It costs ₹53 to make one glass of chai. Kabir sells it for ₹68. What is the profit on one (in ₹)?
  32. 32.It costs ₹7 to make one cupcake. On the last day Farhan sells it for only ₹5. How much is the loss on one (in ₹)?
  33. 33.One cupcake costs Saanvi ₹57 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹5 to make one jute bag. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs Lakshmi ₹25 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Arjun makes 24 friendship bands at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  38. 38.Rohan makes 5 fruit cups at a cost of ₹23 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  39. 39.One potted plant costs Tara ₹34 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. what the buyer pays
  2. True
  3. Profit
  4. Profit
  5. 10
  6. cost price
  7. True
  8. False
  9. Loss
  10. Profit
  11. SP less than CP
  12. True
  13. 2
  14. Profit
  15. 16
  16. 6
  17. False
  18. 10
  19. False
  20. 22
  21. cost price
  22. 10
  23. True
  24. 10
  25. selling price
  26. selling price
  27. 4
  28. 11
  29. 392
  30. 6
  31. 15
  32. 2
  33. Profit
  34. 19
  35. Loss
  36. 360
  37. selling price
  38. 65
  39. Profit
  40. True

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