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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 863 · 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 potted plant costs ₹32 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “money spent to get it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.One paper bookmark costs ₹26 to make. Zoya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  5. 5.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.Farhan makes 19 cupcakes at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  10. 10.One potted plant costs ₹10 to make. Saanvi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  11. 11.One jute bag costs Vihaan ₹37 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.It costs ₹61 to make one friendship band. On the last day Riya sells it for only ₹52. How much is the loss on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the selling price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  15. 15.Vihaan makes 16 cups of lemonade at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  16. 16.It costs ₹39 to make one glass of chai. Dev sells it for ₹49. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.Zoya makes 30 friendship bands at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  19. 19.True or false: “the price you sell at” is the selling price. (a) True (b) False
  20. 20.One cupcake costs Riya ₹18 to make and sells for ₹11. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  22. 22.One potted plant costs Meera ₹22 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.Ishaan makes 27 potted plants at a cost of ₹29 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  24. 24.One clay diya costs Tara ₹19 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.Meera makes 17 potted plants at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  28. 28.One cupcake costs Ananya ₹44 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.Arjun makes 14 glasses of chai at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  34. 34.It costs ₹15 to make one paper bookmark. Joseph sells it for ₹22. What is the profit on one (in ₹)?
  35. 35.It costs ₹7 to make one handmade card. Dev sells it for ₹24. What is the profit on one (in ₹)?
  36. 36.Lakshmi makes 20 cups of lemonade at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  37. 37.Meera makes 29 jute bags at a cost of ₹16 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  38. 38.Ishaan makes 26 painted pebbles at a cost of ₹31 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.True or false: “what a customer pays” is the cost price. (a) False (b) True

Answer key

  1. 37
  2. True
  3. what it cost you
  4. 35
  5. what the buyer pays
  6. cost price
  7. SP more than CP
  8. selling price
  9. 38
  10. 17
  11. Profit
  12. 9
  13. True
  14. cost price
  15. 144
  16. 10
  17. cost price
  18. 360
  19. True
  20. Loss
  21. SP less than CP
  22. Profit
  23. 135
  24. Loss
  25. True
  26. selling price
  27. 153
  28. Profit
  29. cost price
  30. selling price
  31. True
  32. True
  33. 154
  34. 7
  35. 17
  36. 40
  37. 116
  38. 104
  39. False
  40. False

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