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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 105 · 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.One bag of popcorn costs ₹8 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.It costs ₹20 to make one painted pebble. Aarav sells it for ₹34. What is the profit on one (in ₹)?
  4. 4.One clay diya costs Ishaan ₹17 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One fruit cup costs Meera ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.It costs ₹11 to make one clay diya. On the last day Rohan sells it for only ₹7. How much is the loss on one (in ₹)?
  7. 7.One friendship band costs Riya ₹37 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  9. 9.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  10. 10.It costs ₹55 to make one cup of lemonade. Kabir sells it for ₹60. What is the profit on one (in ₹)?
  11. 11.True or false: “what a customer pays” is the cost price. (a) True (b) False
  12. 12.It costs ₹38 to make one bag of popcorn. On the last day Kavya sells it for only ₹33. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.It costs ₹31 to make one bag of popcorn. On the last day Aarav sells it for only ₹21. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.It costs ₹34 to make one bag of popcorn. Nisha sells it for ₹40. What is the profit on one (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  24. 24.It costs ₹12 to make one friendship band. On the last day Joseph sells it for only ₹11. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  28. 28.It costs ₹65 to make one cup of lemonade. On the last day Zoya sells it for only ₹58. How much is the loss on one (in ₹)?
  29. 29.It costs ₹33 to make one jute bag. Lakshmi sells it for ₹35. What is the profit on one (in ₹)?
  30. 30.It costs ₹60 to make one cupcake. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  31. 31.It costs ₹13 to make one clay diya. Ananya sells it for ₹23. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  33. 33.True or false: “the price on your board” is the selling price. (a) True (b) False
  34. 34.One friendship band costs Kabir ₹22 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.It costs ₹40 to make one painted pebble. Farhan sells it for ₹44. What is the profit on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.One fruit cup costs ₹46 to make. Dev wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “the price you sell at” is the selling price. (a) True (b) False
  39. 39.Kabir makes 12 cups of lemonade at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  40. 40.One paper bookmark costs Ananya ₹30 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

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

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