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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 835 · 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) False (b) True
  2. 2.Gurpreet makes 16 friendship bands at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  3. 3.It costs ₹10 to make one handmade card. On the last day Vihaan sells it for only ₹9. How much is the loss on one (in ₹)?
  4. 4.It costs ₹26 to make one cupcake. Lakshmi sells it for ₹34. What is the profit on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.It costs ₹60 to make one cupcake. Meera sells it for ₹65. What is the profit on one (in ₹)?
  7. 7.True or false: “money got from a sale” is the selling price. (a) False (b) True
  8. 8.It costs ₹12 to make one friendship band. On the last day Ananya sells it for only ₹7. How much is the loss on one (in ₹)?
  9. 9.It costs ₹27 to make one fruit cup. On the last day Tara sells it for only ₹26. How much is the loss on one (in ₹)?
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.True or false: “cost of making one” is the cost price. (a) False (b) True
  12. 12.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  15. 15.One cupcake costs Zoya ₹34 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  18. 18.Ananya makes 19 bags of popcorn at a cost of ₹6 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.It costs ₹20 to make one paper bookmark. On the last day Vihaan sells it for only ₹17. How much is the loss on one (in ₹)?
  23. 23.It costs ₹59 to make one bag of popcorn. Tara sells it for ₹62. What is the profit on one (in ₹)?
  24. 24.Nisha makes 27 painted pebbles at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  25. 25.One friendship band costs Riya ₹20 to make and sells for ₹12. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One clay diya costs Vihaan ₹39 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One potted plant costs Vihaan ₹44 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.True or false: “the price you sell at” is the cost price. (a) False (b) True
  29. 29.One friendship band costs ₹36 to make. Diya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  32. 32.It costs ₹13 to make one cup of lemonade. Riya sells it for ₹25. What is the profit on one (in ₹)?
  33. 33.Aarav makes 18 glasses of chai at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.It costs ₹55 to make one friendship band. Farhan sells it for ₹72. What is the profit on one (in ₹)?
  35. 35.Vihaan makes 18 jute bags at a cost of ₹10 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  36. 36.One bag of popcorn costs Ishaan ₹27 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One potted plant costs Diya ₹39 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “what you paid for it” is the cost price. (a) True (b) False
  39. 39.One cup of lemonade costs ₹43 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  40. 40.One painted pebble costs ₹29 to make. Riya wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 80
  3. 1
  4. 8
  5. False
  6. 5
  7. True
  8. 5
  9. 1
  10. False
  11. True
  12. what the buyer pays
  13. SP more than CP
  14. what it cost you
  15. Loss
  16. SP less than CP
  17. selling price
  18. 266
  19. cost price
  20. selling price
  21. True
  22. 3
  23. 3
  24. 405
  25. Loss
  26. Loss
  27. Loss
  28. False
  29. 38
  30. cost price
  31. cost price
  32. 12
  33. 108
  34. 17
  35. 162
  36. Loss
  37. Loss
  38. True
  39. 48
  40. 47

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