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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 967 · 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 loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  2. 2.One potted plant costs ₹49 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  3. 3.One bag of popcorn costs Vihaan ₹22 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.It costs ₹15 to make one potted plant. On the last day Kabir sells it for only ₹9. How much is the loss on one (in ₹)?
  5. 5.It costs ₹42 to make one jute bag. Nisha sells it for ₹53. What is the profit on one (in ₹)?
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.It costs ₹13 to make one cupcake. Diya sells it for ₹14. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  9. 9.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  10. 10.Meera makes 25 paper bookmarks at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.It costs ₹46 to make one clay diya. On the last day Kabir sells it for only ₹43. How much is the loss on one (in ₹)?
  16. 16.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  17. 17.Meera makes 21 paper bookmarks at a cost of ₹35 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  19. 19.True or false: “cost of making one” is the selling price. (a) True (b) False
  20. 20.True or false: “the price you sell at” is the cost price. (a) True (b) False
  21. 21.One jute bag costs Ananya ₹30 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Rohan makes 13 jute bags at a cost of ₹25 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  23. 23.One jute bag costs Ishaan ₹22 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One friendship band costs ₹38 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “the price on your board” is the cost price. (a) False (b) True
  26. 26.Kabir makes 25 paper bookmarks at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  27. 27.It costs ₹57 to make one painted pebble. Joseph sells it for ₹77. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  29. 29.True or false: “money spent to get it” is the selling price. (a) False (b) True
  30. 30.It costs ₹54 to make one glass of chai. Rohan sells it for ₹57. What is the profit on one (in ₹)?
  31. 31.One cupcake costs Tara ₹16 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.Kavya makes 16 handmade cards at a cost of ₹31 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  33. 33.One fruit cup costs Saanvi ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹35 to make one paper bookmark. Tara sells it for ₹44. What is the profit on one (in ₹)?
  35. 35.It costs ₹31 to make one potted plant. On the last day Diya sells it for only ₹24. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  37. 37.True or false: “the price you sell at” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  39. 39.It costs ₹45 to make one painted pebble. On the last day Kavya sells it for only ₹40. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price

Answer key

  1. SP less than CP
  2. 50
  3. Profit
  4. 6
  5. 11
  6. True
  7. 1
  8. cost price
  9. what it cost you
  10. 50
  11. selling price
  12. cost price
  13. True
  14. False
  15. 3
  16. what the buyer pays
  17. 294
  18. SP more than CP
  19. False
  20. False
  21. Profit
  22. 195
  23. Profit
  24. 58
  25. False
  26. 325
  27. 20
  28. selling price
  29. False
  30. 3
  31. Profit
  32. 144
  33. Loss
  34. 9
  35. 7
  36. cost price
  37. True
  38. selling price
  39. 5
  40. cost price

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