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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 905 · 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) True (b) False
  2. 2.True or false: “the price you sell at” is the selling price. (a) True (b) False
  3. 3.One potted plant costs ₹7 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.It costs ₹55 to make one handmade card. Rohan sells it for ₹56. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.One bag of popcorn costs ₹50 to make. Kabir wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹19 to make one potted plant. Riya sells it for ₹24. What is the profit on one (in ₹)?
  9. 9.It costs ₹42 to make one friendship band. Diya sells it for ₹46. What is the profit on one (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  11. 11.It costs ₹55 to make one cupcake. On the last day Kavya sells it for only ₹54. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.One potted plant costs Gurpreet ₹48 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.It costs ₹47 to make one glass of chai. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  16. 16.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  17. 17.Lakshmi makes 18 painted pebbles at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  18. 18.One fruit cup costs ₹41 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  20. 20.True or false: “what you paid for it” is the selling price. (a) True (b) False
  21. 21.It costs ₹16 to make one cup of lemonade. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  23. 23.Joseph makes 5 fruit cups at a cost of ₹39 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  24. 24.Tara makes 21 handmade cards at a cost of ₹8 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  25. 25.Vihaan makes 25 jute bags at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  26. 26.One potted plant costs ₹32 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹20 to make one clay diya. Gurpreet sells it for ₹39. What is the profit on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.It costs ₹17 to make one fruit cup. Ishaan sells it for ₹22. What is the profit on one (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
  31. 31.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  32. 32.It costs ₹54 to make one paper bookmark. On the last day Dev sells it for only ₹51. How much is the loss on one (in ₹)?
  33. 33.Ishaan makes 23 cupcakes at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  34. 34.It costs ₹19 to make one potted plant. Zoya sells it for ₹38. What is the profit on one (in ₹)?
  35. 35.It costs ₹47 to make one painted pebble. On the last day Zoya sells it for only ₹44. How much is the loss on one (in ₹)?
  36. 36.One glass of chai costs ₹42 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  38. 38.One glass of chai costs Aarav ₹32 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) True (b) False

Answer key

  1. True
  2. True
  3. 11
  4. True
  5. 1
  6. selling price
  7. 66
  8. 5
  9. 4
  10. True
  11. 1
  12. cost price
  13. Loss
  14. selling price
  15. 6
  16. SP more than CP
  17. 198
  18. 53
  19. selling price
  20. False
  21. 15
  22. cost price
  23. 25
  24. 84
  25. 200
  26. 43
  27. 19
  28. False
  29. 5
  30. False
  31. what it cost you
  32. 3
  33. 276
  34. 19
  35. 3
  36. 57
  37. SP less than CP
  38. Profit
  39. what the buyer pays
  40. False

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