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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 978 · 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 means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  2. 2.True or false: “what a customer pays” is the cost price. (a) True (b) False
  3. 3.It costs ₹20 to make one cupcake. Ishaan sells it for ₹34. What is the profit on one (in ₹)?
  4. 4.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.One handmade card costs ₹57 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  8. 8.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  9. 9.It costs ₹12 to make one cup of lemonade. Kavya sells it for ₹18. What is the profit on one (in ₹)?
  10. 10.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  11. 11.Diya makes 7 clay diyas at a cost of ₹14 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  12. 12.It costs ₹63 to make one cupcake. On the last day Kavya sells it for only ₹60. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.Aarav makes 14 handmade cards at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  15. 15.True or false: “the price on your board” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.One potted plant costs ₹50 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  21. 21.True or false: “money got from a sale” is the selling price. (a) False (b) True
  22. 22.One paper bookmark costs ₹40 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹21 to make one paper bookmark. Riya sells it for ₹27. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs Zoya ₹16 to make and sells for ₹3. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Kabir makes 5 paper bookmarks at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  26. 26.One potted plant costs Lakshmi ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.Ishaan makes 8 bags of popcorn at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  28. 28.True or false: “money got from a sale” is the cost price. (a) True (b) False
  29. 29.It costs ₹40 to make one handmade card. On the last day Diya sells it for only ₹37. How much is the loss on one (in ₹)?
  30. 30.One bag of popcorn costs Gurpreet ₹19 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  32. 32.It costs ₹28 to make one jute bag. On the last day Tara sells it for only ₹18. How much is the loss on one (in ₹)?
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.One paper bookmark costs Aarav ₹23 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹43 to make one fruit cup. On the last day Saanvi sells it for only ₹40. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.It costs ₹5 to make one paper bookmark. Lakshmi sells it for ₹18. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs Kavya ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹34 to make one paper bookmark. On the last day Aarav sells it for only ₹25. How much is the loss on one (in ₹)?
  40. 40.One bag of popcorn costs Aarav ₹25 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. what it cost you
  2. False
  3. 14
  4. SP less than CP
  5. False
  6. 64
  7. selling price
  8. what the buyer pays
  9. 6
  10. SP more than CP
  11. 91
  12. 3
  13. cost price
  14. 126
  15. True
  16. cost price
  17. selling price
  18. cost price
  19. 51
  20. cost price
  21. True
  22. 45
  23. 6
  24. Loss
  25. 50
  26. Loss
  27. 24
  28. False
  29. 3
  30. Loss
  31. False
  32. 10
  33. True
  34. Profit
  35. 3
  36. selling price
  37. 13
  38. Loss
  39. 9
  40. Profit

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