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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 991 · 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 the buyer pays (b) the discount (c) the profit (d) what it cost you
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  4. 4.It costs ₹39 to make one friendship band. Arjun sells it for ₹53. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.It costs ₹35 to make one jute bag. On the last day Kavya sells it for only ₹25. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.It costs ₹37 to make one cup of lemonade. Tara sells it for ₹55. What is the profit on one (in ₹)?
  10. 10.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  11. 11.Joseph makes 23 cupcakes at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  12. 12.Riya makes 11 potted plants at a cost of ₹33 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  13. 13.One cup of lemonade costs Joseph ₹31 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.It costs ₹41 to make one cup of lemonade. Nisha sells it for ₹58. What is the profit on one (in ₹)?
  15. 15.Ananya makes 28 paper bookmarks at a cost of ₹7 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  19. 19.It costs ₹53 to make one friendship band. On the last day Kabir sells it for only ₹52. How much is the loss on one (in ₹)?
  20. 20.Riya makes 23 cups of lemonade at a cost of ₹34 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  21. 21.One fruit cup costs ₹17 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹54 to make one handmade card. On the last day Riya sells it for only ₹45. How much is the loss on one (in ₹)?
  23. 23.It costs ₹11 to make one clay diya. Ananya sells it for ₹16. What is the profit on one (in ₹)?
  24. 24.One handmade card costs Ishaan ₹34 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  26. 26.True or false: “money spent to get it” is the selling price. (a) True (b) False
  27. 27.One friendship band costs ₹41 to make. Farhan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “what you paid for it” is the selling price. (a) True (b) False
  29. 29.True or false: “what a customer pays” is the cost price. (a) False (b) True
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.It costs ₹53 to make one potted plant. Zoya sells it for ₹54. What is the profit on one (in ₹)?
  32. 32.It costs ₹34 to make one cupcake. Lakshmi sells it for ₹35. What is the profit on one (in ₹)?
  33. 33.One potted plant costs ₹23 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  34. 34.One cupcake costs ₹31 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹37 to make one bag of popcorn. Diya sells it for ₹39. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs Rohan ₹31 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹25 to make one clay diya. On the last day Arjun sells it for only ₹22. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  39. 39.True or false: “money got from a sale” is the selling price. (a) False (b) True
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price

Answer key

  1. what it cost you
  2. True
  3. SP less than CP
  4. 14
  5. selling price
  6. cost price
  7. 10
  8. selling price
  9. 18
  10. SP more than CP
  11. 322
  12. 132
  13. Loss
  14. 17
  15. 364
  16. True
  17. cost price
  18. what the buyer pays
  19. 1
  20. 23
  21. 27
  22. 9
  23. 5
  24. Loss
  25. selling price
  26. False
  27. 44
  28. False
  29. False
  30. True
  31. 1
  32. 1
  33. 31
  34. 48
  35. 2
  36. Loss
  37. 3
  38. cost price
  39. True
  40. selling price

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