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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 945 · 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.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  2. 2.Riya makes 8 bags of popcorn at a cost of ₹36 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  3. 3.It costs ₹57 to make one paper bookmark. On the last day Riya sells it for only ₹55. How much is the loss on one (in ₹)?
  4. 4.It costs ₹56 to make one painted pebble. Nisha sells it for ₹74. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  6. 6.True or false: “the price you sell at” is the cost price. (a) True (b) False
  7. 7.One potted plant costs Gurpreet ₹54 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  11. 11.It costs ₹18 to make one potted plant. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  14. 14.One potted plant costs ₹57 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹45 to make one glass of chai. Gurpreet sells it for ₹65. What is the profit on one (in ₹)?
  16. 16.One handmade card costs Diya ₹59 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹54 to make one glass of chai. Kabir sells it for ₹73. What is the profit on one (in ₹)?
  18. 18.It costs ₹32 to make one glass of chai. Diya sells it for ₹38. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  20. 20.One cup of lemonade costs Diya ₹24 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
  22. 22.Ishaan makes 21 handmade cards at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  23. 23.It costs ₹15 to make one cupcake. Zoya sells it for ₹16. What is the profit on one (in ₹)?
  24. 24.It costs ₹10 to make one jute bag. Farhan sells it for ₹11. What is the profit on one (in ₹)?
  25. 25.One handmade card costs ₹32 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹23 to make one friendship band. Farhan sells it for ₹30. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.True or false: “the price on your board” is the selling price. (a) False (b) True
  29. 29.One handmade card costs Zoya ₹23 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Meera makes 17 friendship bands at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.One painted pebble costs ₹28 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “money spent to get it” is the cost price. (a) True (b) False
  33. 33.It costs ₹21 to make one glass of chai. Kabir sells it for ₹35. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  35. 35.One fruit cup costs Dev ₹23 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹57 to make one potted plant. Meera sells it for ₹74. What is the profit on one (in ₹)?
  37. 37.Meera makes 8 clay diyas at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  38. 38.It costs ₹10 to make one cupcake. On the last day Lakshmi sells it for only ₹8. How much is the loss on one (in ₹)?
  39. 39.One friendship band costs ₹59 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “what a customer pays” is the cost price. (a) True (b) False

Answer key

  1. SP more than CP
  2. 88
  3. 2
  4. 18
  5. cost price
  6. False
  7. Loss
  8. what the buyer pays
  9. False
  10. False
  11. 6
  12. True
  13. what it cost you
  14. 63
  15. 20
  16. Loss
  17. 19
  18. 6
  19. selling price
  20. Profit
  21. False
  22. 21
  23. 1
  24. 1
  25. 47
  26. 7
  27. cost price
  28. True
  29. Loss
  30. 238
  31. 32
  32. True
  33. 14
  34. selling price
  35. Profit
  36. 17
  37. 48
  38. 2
  39. 60
  40. False

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