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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 938 · 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) True (b) False
  2. 2.It costs ₹60 to make one painted pebble. Vihaan sells it for ₹78. What is the profit on one (in ₹)?
  3. 3.One paper bookmark costs Joseph ₹17 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  5. 5.One clay diya costs Joseph ₹17 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.It costs ₹39 to make one cupcake. On the last day Vihaan sells it for only ₹35. How much is the loss on one (in ₹)?
  8. 8.True or false: “the price you sell at” is the cost price. (a) False (b) True
  9. 9.True or false: “what a customer pays” is the selling price. (a) False (b) True
  10. 10.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  11. 11.One bag of popcorn costs ₹17 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  12. 12.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  13. 13.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  14. 14.Ananya makes 19 paper bookmarks at a cost of ₹9 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  15. 15.Ishaan makes 21 handmade cards at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.It costs ₹33 to make one clay diya. On the last day Meera sells it for only ₹32. How much is the loss on one (in ₹)?
  22. 22.Ishaan makes 20 jute bags at a cost of ₹36 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  23. 23.It costs ₹41 to make one glass of chai. Tara sells it for ₹43. What is the profit on one (in ₹)?
  24. 24.It costs ₹27 to make one potted plant. Diya sells it for ₹41. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹36 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.One bag of popcorn costs Nisha ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.True or false: “the price you sell at” is the selling price. (a) False (b) True
  29. 29.It costs ₹51 to make one jute bag. On the last day Dev sells it for only ₹44. How much is the loss on one (in ₹)?
  30. 30.One paper bookmark costs ₹46 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.One friendship band costs Zoya ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹25 to make one potted plant. On the last day Lakshmi sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.It costs ₹12 to make one handmade card. Riya sells it for ₹13. What is the profit on one (in ₹)?
  36. 36.One handmade card costs Kavya ₹33 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹19 to make one bag of popcorn. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  38. 38.Ishaan makes 7 potted plants at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  39. 39.It costs ₹17 to make one potted plant. Meera sells it for ₹36. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. True
  2. 18
  3. Profit
  4. selling price
  5. Profit
  6. False
  7. 4
  8. False
  9. True
  10. what the buyer pays
  11. 37
  12. SP less than CP
  13. SP more than CP
  14. 95
  15. 315
  16. False
  17. cost price
  18. selling price
  19. what it cost you
  20. cost price
  21. 1
  22. 100
  23. 2
  24. 14
  25. 49
  26. Loss
  27. cost price
  28. True
  29. 7
  30. 48
  31. selling price
  32. Loss
  33. 3
  34. selling price
  35. 1
  36. Profit
  37. 4
  38. 84
  39. 19
  40. cost price

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