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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 984 · 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.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.Diya makes 25 painted pebbles at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  5. 5.True or false: “the price you sell at” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  10. 10.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  11. 11.One glass of chai costs Tara ₹43 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.Nisha makes 15 fruit cups at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.One handmade card costs ₹40 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹37 to make one handmade card. On the last day Joseph sells it for only ₹28. How much is the loss on one (in ₹)?
  16. 16.One paper bookmark costs ₹57 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  17. 17.One potted plant costs ₹37 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  18. 18.Ishaan makes 27 friendship bands at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  19. 19.One bag of popcorn costs Kabir ₹30 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One jute bag costs Lakshmi ₹36 to make and sells for ₹50. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “cost of making one” is the cost price. (a) False (b) True
  22. 22.It costs ₹47 to make one painted pebble. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.Lakshmi makes 9 handmade cards at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.Rohan makes 13 cupcakes at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  28. 28.It costs ₹11 to make one clay diya. Gurpreet sells it for ₹31. What is the profit on one (in ₹)?
  29. 29.One handmade card costs ₹27 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹14 to make one painted pebble. Aarav sells it for ₹20. What is the profit on one (in ₹)?
  31. 31.It costs ₹20 to make one paper bookmark. Dev sells it for ₹26. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  33. 33.It costs ₹13 to make one fruit cup. Dev sells it for ₹33. What is the profit on one (in ₹)?
  34. 34.One jute bag costs ₹7 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹48 to make one friendship band. On the last day Aarav sells it for only ₹43. How much is the loss on one (in ₹)?
  36. 36.Ishaan makes 11 jute bags at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.Rohan makes 24 cups of lemonade at a cost of ₹37 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  38. 38.It costs ₹24 to make one paper bookmark. Diya sells it for ₹27. What is the profit on one (in ₹)?
  39. 39.It costs ₹7 to make one cupcake. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price

Answer key

  1. what the buyer pays
  2. cost price
  3. cost price
  4. 250
  5. False
  6. cost price
  7. what it cost you
  8. selling price
  9. SP more than CP
  10. SP less than CP
  11. Profit
  12. 165
  13. False
  14. 55
  15. 9
  16. 77
  17. 55
  18. 27
  19. Loss
  20. Profit
  21. True
  22. 6
  23. False
  24. selling price
  25. 108
  26. cost price
  27. 182
  28. 20
  29. 43
  30. 6
  31. 6
  32. selling price
  33. 20
  34. 11
  35. 5
  36. 66
  37. 120
  38. 3
  39. 11
  40. selling price

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