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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 972 · 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.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  2. 2.One cupcake costs Ananya ₹45 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  4. 4.True or false: “cost of making one” is the cost price. (a) True (b) False
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.Aarav makes 15 potted plants at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  7. 7.Joseph makes 16 bags of popcorn at a cost of ₹17 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  10. 10.It costs ₹41 to make one potted plant. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
  11. 11.One cupcake costs Arjun ₹20 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹9 to make one potted plant. On the last day Saanvi sells it for only ₹8. How much is the loss on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.One potted plant costs ₹12 to make. Tara wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “money got from a sale” is the cost price. (a) True (b) False
  20. 20.One paper bookmark costs ₹13 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.It costs ₹60 to make one fruit cup. Meera sells it for ₹76. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs ₹34 to make. Diya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  24. 24.One clay diya costs ₹12 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.One paper bookmark costs Rohan ₹30 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.Arjun makes 22 potted plants at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  28. 28.One jute bag costs ₹32 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  30. 30.True or false: “the price on your board” is the cost price. (a) True (b) False
  31. 31.Aarav makes 30 bags of popcorn at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.One potted plant costs Zoya ₹25 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Diya makes 12 friendship bands at a cost of ₹11 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  35. 35.It costs ₹55 to make one jute bag. Dev sells it for ₹70. What is the profit on one (in ₹)?
  36. 36.It costs ₹60 to make one fruit cup. On the last day Vihaan sells it for only ₹51. How much is the loss on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) False (b) True
  38. 38.One friendship band costs Kabir ₹50 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “what you paid for it” is the cost price. (a) False (b) True
  40. 40.One cup of lemonade costs ₹21 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. Loss
  3. True
  4. True
  5. True
  6. 180
  7. 160
  8. SP more than CP
  9. what it cost you
  10. 10
  11. Loss
  12. 1
  13. True
  14. cost price
  15. selling price
  16. selling price
  17. cost price
  18. 21
  19. False
  20. 26
  21. selling price
  22. 16
  23. 50
  24. 18
  25. Loss
  26. 198
  27. selling price
  28. 52
  29. cost price
  30. False
  31. 420
  32. Profit
  33. 72
  34. what the buyer pays
  35. 15
  36. 9
  37. True
  38. Profit
  39. True
  40. 25

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