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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 912 · 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 wholesale price paid” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.One potted plant costs Farhan ₹26 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.It costs ₹39 to make one handmade card. Kabir sells it for ₹40. What is the profit on one (in ₹)?
  6. 6.One paper bookmark costs ₹53 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.True or false: “money spent to get it” is the selling price. (a) False (b) True
  9. 9.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  10. 10.Nisha makes 19 painted pebbles at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  11. 11.One painted pebble costs ₹29 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  12. 12.Kavya makes 9 jute bags at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  13. 13.It costs ₹18 to make one potted plant. Nisha sells it for ₹27. What is the profit on one (in ₹)?
  14. 14.It costs ₹7 to make one cupcake. Meera sells it for ₹10. What is the profit on one (in ₹)?
  15. 15.It costs ₹54 to make one handmade card. On the last day Dev sells it for only ₹46. How much is the loss on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the cost price. (a) True (b) False
  17. 17.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  18. 18.One friendship band costs Ananya ₹34 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.Joseph makes 7 jute bags at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  20. 20.Farhan makes 12 cupcakes at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  21. 21.It costs ₹54 to make one cupcake. On the last day Aarav sells it for only ₹47. How much is the loss on one (in ₹)?
  22. 22.One cupcake costs Meera ₹22 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.One cupcake costs ₹6 to make. Arjun wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  25. 25.Ananya makes 30 paper bookmarks at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  26. 26.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  27. 27.It costs ₹69 to make one cupcake. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  28. 28.One friendship band costs Riya ₹38 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.Nisha makes 18 handmade cards at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  30. 30.One painted pebble costs ₹28 to make. Gurpreet wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  32. 32.One bag of popcorn costs Nisha ₹22 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.It costs ₹60 to make one handmade card. On the last day Vihaan sells it for only ₹50. How much is the loss on one (in ₹)?
  35. 35.It costs ₹62 to make one glass of chai. On the last day Gurpreet sells it for only ₹53. How much is the loss on one (in ₹)?
  36. 36.One cup of lemonade costs ₹52 to make. Diya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.One paper bookmark costs ₹12 to make. Rohan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.Arjun makes 25 paper bookmarks at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.One jute bag costs ₹49 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. cost price
  3. cost price
  4. Profit
  5. 1
  6. 58
  7. True
  8. False
  9. SP less than CP
  10. 57
  11. 42
  12. 90
  13. 9
  14. 3
  15. 8
  16. False
  17. SP more than CP
  18. Loss
  19. 14
  20. 120
  21. 7
  22. Loss
  23. selling price
  24. 18
  25. 30
  26. what the buyer pays
  27. 10
  28. Loss
  29. 90
  30. 40
  31. what it cost you
  32. Profit
  33. cost price
  34. 10
  35. 9
  36. 53
  37. 22
  38. 375
  39. True
  40. 60

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