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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 900 · 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.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  5. 5.One fruit cup costs ₹8 to make. Vihaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  6. 6.Diya makes 23 clay diyas at a cost of ₹19 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  7. 7.It costs ₹24 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  8. 8.It costs ₹60 to make one paper bookmark. On the last day Ananya sells it for only ₹54. How much is the loss on one (in ₹)?
  9. 9.It costs ₹23 to make one paper bookmark. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  10. 10.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.True or false: “the price on your board” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.It costs ₹16 to make one clay diya. Gurpreet sells it for ₹24. What is the profit on one (in ₹)?
  16. 16.One bag of popcorn costs Tara ₹53 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Dev makes 19 cups of lemonade at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.One bag of popcorn costs Farhan ₹58 to make and sells for ₹73. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.It costs ₹60 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹52. How much is the loss on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) True (b) False
  23. 23.True or false: “the price on your board” is the cost price. (a) True (b) False
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.It costs ₹54 to make one cupcake. Dev sells it for ₹64. What is the profit on one (in ₹)?
  26. 26.True or false: “cost of making one” is the selling price. (a) True (b) False
  27. 27.One friendship band costs Lakshmi ₹23 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  30. 30.True or false: “cost of making one” is the cost price. (a) False (b) True
  31. 31.Zoya makes 17 painted pebbles at a cost of ₹36 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  32. 32.It costs ₹42 to make one bag of popcorn. Meera sells it for ₹59. What is the profit on one (in ₹)?
  33. 33.One paper bookmark costs Kabir ₹55 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹49 to make one fruit cup. On the last day Gurpreet sells it for only ₹48. How much is the loss on one (in ₹)?
  35. 35.Kabir makes 7 jute bags at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  36. 36.One fruit cup costs Riya ₹37 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Kabir makes 24 fruit cups at a cost of ₹23 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  38. 38.It costs ₹49 to make one painted pebble. Diya sells it for ₹67. What is the profit on one (in ₹)?
  39. 39.Kavya makes 8 paper bookmarks at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  40. 40.One potted plant costs Joseph ₹31 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. cost price
  3. selling price
  4. SP more than CP
  5. 25
  6. 276
  7. 6
  8. 6
  9. 3
  10. SP less than CP
  11. cost price
  12. True
  13. selling price
  14. True
  15. 8
  16. Loss
  17. 190
  18. cost price
  19. Profit
  20. False
  21. 8
  22. False
  23. False
  24. True
  25. 10
  26. False
  27. Profit
  28. what it cost you
  29. False
  30. True
  31. 136
  32. 17
  33. Loss
  34. 1
  35. 14
  36. Profit
  37. 360
  38. 18
  39. 32
  40. Loss

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