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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 111 · 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.True or false: “the price you sell at” is the selling price. (a) True (b) False
  2. 2.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  3. 3.One cup of lemonade costs ₹23 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  4. 4.One jute bag costs ₹35 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  5. 5.Aarav makes 30 bags of popcorn at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  6. 6.It costs ₹63 to make one paper bookmark. On the last day Riya sells it for only ₹58. How much is the loss on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.True or false: “the price on your board” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  10. 10.It costs ₹25 to make one fruit cup. On the last day Meera sells it for only ₹24. How much is the loss on one (in ₹)?
  11. 11.True or false: “the price on your board” is the selling price. (a) False (b) True
  12. 12.True or false: “the price you sell at” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.True or false: “what a customer pays” is the selling price. (a) False (b) True
  16. 16.One handmade card costs ₹60 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹9 to make one potted plant. On the last day Rohan sells it for only ₹6. How much is the loss on one (in ₹)?
  18. 18.One cupcake costs Arjun ₹50 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  20. 20.Diya makes 24 fruit cups at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  21. 21.Nisha makes 29 bags of popcorn at a cost of ₹30 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  22. 22.One cup of lemonade costs ₹37 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  23. 23.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  24. 24.It costs ₹44 to make one potted plant. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  25. 25.It costs ₹20 to make one jute bag. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  26. 26.It costs ₹26 to make one friendship band. Ananya sells it for ₹44. What is the profit on one (in ₹)?
  27. 27.Ananya makes 23 friendship bands at a cost of ₹16 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  28. 28.True or false: “cost of making one” is the selling price. (a) False (b) True
  29. 29.It costs ₹47 to make one cupcake. On the last day Diya sells it for only ₹41. How much is the loss on one (in ₹)?
  30. 30.It costs ₹38 to make one painted pebble. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.Diya makes 23 paper bookmarks at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  33. 33.It costs ₹36 to make one bag of popcorn. On the last day Vihaan sells it for only ₹33. How much is the loss on one (in ₹)?
  34. 34.One clay diya costs Riya ₹19 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One paper bookmark costs Joseph ₹24 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One bag of popcorn costs ₹10 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.Ananya makes 14 handmade cards at a cost of ₹20 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  38. 38.One bag of popcorn costs ₹57 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  39. 39.Kavya makes 23 handmade cards at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. True
  2. what the buyer pays
  3. 30
  4. 50
  5. 330
  6. 5
  7. selling price
  8. False
  9. cost price
  10. 1
  11. True
  12. False
  13. selling price
  14. False
  15. True
  16. 72
  17. 3
  18. Loss
  19. SP more than CP
  20. 72
  21. 174
  22. 44
  23. SP less than CP
  24. 3
  25. 4
  26. 18
  27. 184
  28. False
  29. 6
  30. 8
  31. 92
  32. what it cost you
  33. 3
  34. Profit
  35. Loss
  36. 23
  37. 70
  38. 65
  39. 299
  40. True

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