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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 914 · 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 selling price. (a) True (b) False
  2. 2.It costs ₹16 to make one jute bag. Rohan sells it for ₹25. What is the profit on one (in ₹)?
  3. 3.It costs ₹16 to make one bag of popcorn. Gurpreet sells it for ₹24. What is the profit on one (in ₹)?
  4. 4.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  5. 5.It costs ₹31 to make one paper bookmark. Farhan sells it for ₹49. What is the profit on one (in ₹)?
  6. 6.It costs ₹11 to make one cupcake. Aarav sells it for ₹31. What is the profit on one (in ₹)?
  7. 7.One painted pebble costs ₹44 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹49 to make one potted plant. Diya sells it for ₹56. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) True (b) False
  10. 10.True or false: “what a customer pays” is the selling price. (a) True (b) False
  11. 11.Lakshmi makes 11 fruit cups at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  12. 12.One jute bag costs ₹13 to make. Arjun wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  13. 13.Nisha makes 6 painted pebbles at a cost of ₹11 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  15. 15.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  16. 16.It costs ₹55 to make one cupcake. Rohan sells it for ₹57. What is the profit on one (in ₹)?
  17. 17.True or false: “the price on your board” is the selling price. (a) True (b) False
  18. 18.One cupcake costs Joseph ₹55 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.One paper bookmark costs ₹20 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹40 to make one potted plant. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  23. 23.It costs ₹29 to make one painted pebble. On the last day Lakshmi sells it for only ₹22. How much is the loss on one (in ₹)?
  24. 24.It costs ₹5 to make one cup of lemonade. Meera sells it for ₹9. What is the profit on one (in ₹)?
  25. 25.It costs ₹59 to make one cupcake. Diya sells it for ₹73. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  27. 27.It costs ₹59 to make one glass of chai. Lakshmi sells it for ₹61. What is the profit on one (in ₹)?
  28. 28.Rohan makes 12 painted pebbles at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  29. 29.One fruit cup costs Dev ₹51 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One friendship band costs Dev ₹53 to make and sells for ₹64. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹34 to make one fruit cup. Kabir sells it for ₹50. What is the profit on one (in ₹)?
  32. 32.One cup of lemonade costs Gurpreet ₹26 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One painted pebble costs Tara ₹26 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹20 to make one friendship band. On the last day Zoya sells it for only ₹12. How much is the loss on one (in ₹)?
  35. 35.True or false: “money got from a sale” is the cost price. (a) True (b) False
  36. 36.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  37. 37.Saanvi makes 11 fruit cups at a cost of ₹16 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.One jute bag costs Nisha ₹30 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹6 to make one paper bookmark. Ananya sells it for ₹8. What is the profit on one (in ₹)?
  40. 40.True or false: “the price on your board” is the cost price. (a) False (b) True

Answer key

  1. False
  2. 9
  3. 8
  4. what the buyer pays
  5. 18
  6. 20
  7. 48
  8. 7
  9. False
  10. True
  11. 33
  12. 26
  13. 12
  14. SP less than CP
  15. what it cost you
  16. 2
  17. True
  18. Loss
  19. 33
  20. 11
  21. cost price
  22. cost price
  23. 7
  24. 4
  25. 14
  26. selling price
  27. 2
  28. 132
  29. Profit
  30. Profit
  31. 16
  32. Profit
  33. Profit
  34. 8
  35. False
  36. SP more than CP
  37. 55
  38. Loss
  39. 2
  40. False

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