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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 872 · 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: “the price on your board” is the selling price. (a) False (b) True
  2. 2.Gurpreet makes 8 jute bags at a cost of ₹25 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  3. 3.One cup of lemonade costs ₹36 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  5. 5.One clay diya costs ₹16 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  6. 6.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  7. 7.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  8. 8.It costs ₹29 to make one bag of popcorn. Arjun sells it for ₹45. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  10. 10.One clay diya costs ₹49 to make. Farhan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  11. 11.One handmade card costs ₹54 to make. Farhan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.It costs ₹29 to make one cupcake. Saanvi sells it for ₹41. What is the profit on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.It costs ₹42 to make one handmade card. Dev sells it for ₹53. What is the profit on one (in ₹)?
  16. 16.True or false: “what you paid for it” is the selling price. (a) False (b) True
  17. 17.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  18. 18.One painted pebble costs Vihaan ₹33 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.It costs ₹41 to make one cup of lemonade. Meera sells it for ₹61. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.It costs ₹13 to make one paper bookmark. Kavya sells it for ₹28. What is the profit on one (in ₹)?
  24. 24.True or false: “the price you sell at” is the cost price. (a) False (b) True
  25. 25.It costs ₹50 to make one jute bag. Farhan sells it for ₹52. What is the profit on one (in ₹)?
  26. 26.It costs ₹17 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹11. How much is the loss on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) True (b) False
  28. 28.One fruit cup costs Ananya ₹50 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  31. 31.It costs ₹40 to make one fruit cup. On the last day Kavya sells it for only ₹36. How much is the loss on one (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) False (b) True
  33. 33.One potted plant costs Meera ₹19 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹34 to make one cup of lemonade. On the last day Ananya sells it for only ₹31. How much is the loss on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.True or false: “money spent to get it” is the cost price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.One clay diya costs Saanvi ₹30 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹38 to make one handmade card. On the last day Lakshmi sells it for only ₹34. How much is the loss on one (in ₹)?
  40. 40.It costs ₹44 to make one handmade card. On the last day Gurpreet sells it for only ₹37. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. 56
  3. 46
  4. what it cost you
  5. 22
  6. SP less than CP
  7. what the buyer pays
  8. 16
  9. selling price
  10. 59
  11. 58
  12. cost price
  13. 12
  14. selling price
  15. 11
  16. False
  17. SP more than CP
  18. Profit
  19. cost price
  20. 20
  21. cost price
  22. selling price
  23. 15
  24. False
  25. 2
  26. 6
  27. True
  28. Loss
  29. False
  30. True
  31. 4
  32. False
  33. Profit
  34. 3
  35. False
  36. True
  37. cost price
  38. Loss
  39. 4
  40. 7

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