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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 928 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  3. 3.It costs ₹57 to make one friendship band. On the last day Diya sells it for only ₹53. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.It costs ₹59 to make one potted plant. Rohan sells it for ₹73. What is the profit on one (in ₹)?
  6. 6.True or false: “the price on your board” is the selling price. (a) True (b) False
  7. 7.One bag of popcorn costs Diya ₹43 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.True or false: “money got from a sale” is the cost price. (a) False (b) True
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  12. 12.It costs ₹13 to make one friendship band. On the last day Gurpreet sells it for only ₹11. How much is the loss on one (in ₹)?
  13. 13.One bag of popcorn costs Farhan ₹54 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.One clay diya costs Vihaan ₹48 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.One cupcake costs ₹36 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  17. 17.Joseph makes 20 cupcakes at a cost of ₹19 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  18. 18.Vihaan makes 30 jute bags at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  19. 19.True or false: “what a customer pays” is the cost price. (a) False (b) True
  20. 20.One paper bookmark costs Diya ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.It costs ₹51 to make one fruit cup. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  22. 22.It costs ₹39 to make one jute bag. On the last day Vihaan sells it for only ₹30. How much is the loss on one (in ₹)?
  23. 23.It costs ₹14 to make one friendship band. On the last day Aarav sells it for only ₹5. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  25. 25.One handmade card costs Rohan ₹19 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹19 to make one paper bookmark. Tara sells it for ₹24. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.One cup of lemonade costs Ananya ₹31 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹68 to make one paper bookmark. On the last day Tara sells it for only ₹60. How much is the loss on one (in ₹)?
  31. 31.One fruit cup costs Diya ₹21 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹33 to make one handmade card. Meera sells it for ₹42. What is the profit on one (in ₹)?
  33. 33.It costs ₹27 to make one cupcake. On the last day Ishaan sells it for only ₹24. How much is the loss on one (in ₹)?
  34. 34.It costs ₹12 to make one friendship band. Riya sells it for ₹16. What is the profit on one (in ₹)?
  35. 35.It costs ₹14 to make one cup of lemonade. Diya sells it for ₹22. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  37. 37.It costs ₹33 to make one cupcake. Kavya sells it for ₹37. What is the profit on one (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  39. 39.True or false: “money spent to get it” is the selling price. (a) True (b) False
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. True
  2. selling price
  3. 4
  4. cost price
  5. 14
  6. True
  7. Profit
  8. what it cost you
  9. cost price
  10. False
  11. SP more than CP
  12. 2
  13. Profit
  14. selling price
  15. Profit
  16. 44
  17. 180
  18. 420
  19. False
  20. Profit
  21. 2
  22. 9
  23. 9
  24. selling price
  25. Profit
  26. 5
  27. cost price
  28. True
  29. Loss
  30. 8
  31. Profit
  32. 9
  33. 3
  34. 4
  35. 8
  36. cost price
  37. 4
  38. False
  39. False
  40. True

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