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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 992 · 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 discount (c) the profit (d) what the buyer pays
  2. 2.It costs ₹12 to make one jute bag. On the last day Saanvi sells it for only ₹5. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.One bag of popcorn costs ₹54 to make. Kabir wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.Joseph makes 26 friendship bands at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  8. 8.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  9. 9.Nisha makes 8 friendship bands at a cost of ₹37 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  10. 10.One paper bookmark costs Tara ₹35 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹23 to make one cup of lemonade. On the last day Zoya sells it for only ₹20. How much is the loss on one (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) False (b) True
  13. 13.It costs ₹60 to make one friendship band. Arjun sells it for ₹64. What is the profit on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.Kavya makes 21 painted pebbles at a cost of ₹38 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  16. 16.True or false: “what a customer pays” is the cost price. (a) False (b) True
  17. 17.It costs ₹28 to make one paper bookmark. On the last day Meera sells it for only ₹18. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  19. 19.One friendship band costs Saanvi ₹39 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “what a customer pays” is the selling price. (a) True (b) False
  21. 21.It costs ₹21 to make one handmade card. Meera sells it for ₹31. What is the profit on one (in ₹)?
  22. 22.One painted pebble costs ₹55 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.It costs ₹21 to make one clay diya. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  25. 25.It costs ₹52 to make one glass of chai. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  26. 26.It costs ₹55 to make one friendship band. Meera sells it for ₹63. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs Tara ₹21 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹35 to make one clay diya. Ishaan sells it for ₹41. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  30. 30.One clay diya costs Ishaan ₹42 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.It costs ₹22 to make one cupcake. On the last day Gurpreet sells it for only ₹15. How much is the loss on one (in ₹)?
  33. 33.One clay diya costs ₹6 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  34. 34.One glass of chai costs Tara ₹16 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹45 to make one cup of lemonade. Riya sells it for ₹63. What is the profit on one (in ₹)?
  36. 36.Dev makes 21 handmade cards at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  37. 37.One fruit cup costs Ananya ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  39. 39.True or false: “the price on your board” is the cost price. (a) True (b) False
  40. 40.One fruit cup costs ₹52 to make. Saanvi wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. 7
  3. selling price
  4. 59
  5. what the buyer pays
  6. selling price
  7. 234
  8. SP more than CP
  9. 8
  10. Profit
  11. 3
  12. False
  13. 4
  14. False
  15. 126
  16. False
  17. 10
  18. selling price
  19. Loss
  20. True
  21. 10
  22. 72
  23. True
  24. 3
  25. 3
  26. 8
  27. Loss
  28. 6
  29. cost price
  30. Profit
  31. cost price
  32. 7
  33. 15
  34. Profit
  35. 18
  36. 63
  37. Profit
  38. SP less than CP
  39. False
  40. 63

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