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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 125 · 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: “what a customer pays” is the cost price. (a) True (b) False
  2. 2.One friendship band costs ₹12 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  3. 3.One bag of popcorn costs Joseph ₹52 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.One cup of lemonade costs ₹56 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹20 to make one friendship band. Dev sells it for ₹29. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs Kavya ₹20 to make and sells for ₹5. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  10. 10.It costs ₹49 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹41. How much is the loss on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the cost price. (a) True (b) False
  12. 12.Joseph makes 14 painted pebbles at a cost of ₹11 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  13. 13.One handmade card costs ₹24 to make. Dev wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  14. 14.One glass of chai costs Tara ₹53 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One glass of chai costs Tara ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.One handmade card costs ₹38 to make. Riya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.One glass of chai costs ₹46 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  19. 19.Saanvi makes 8 clay diyas at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  20. 20.One potted plant costs ₹10 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹52 to make one cup of lemonade. On the last day Nisha sells it for only ₹46. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  23. 23.One cup of lemonade costs ₹53 to make. Dev wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  24. 24.One potted plant costs ₹5 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  26. 26.True or false: “what you paid for it” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.One glass of chai costs Kabir ₹16 to make and sells for ₹3. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Joseph makes 7 handmade cards at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  32. 32.It costs ₹58 to make one glass of chai. On the last day Kavya sells it for only ₹48. How much is the loss on one (in ₹)?
  33. 33.It costs ₹22 to make one clay diya. Dev sells it for ₹26. What is the profit on one (in ₹)?
  34. 34.Diya makes 24 handmade cards at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  35. 35.One clay diya costs Kabir ₹51 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “the price you sell at” is the selling price. (a) False (b) True
  37. 37.One fruit cup costs ₹51 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹35 to make one fruit cup. On the last day Nisha sells it for only ₹30. How much is the loss on one (in ₹)?
  39. 39.One paper bookmark costs Gurpreet ₹57 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One cupcake costs Kabir ₹19 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. False
  2. 22
  3. Loss
  4. 74
  5. 9
  6. Loss
  7. SP less than CP
  8. cost price
  9. what it cost you
  10. 8
  11. False
  12. 196
  13. 41
  14. Profit
  15. Profit
  16. cost price
  17. 58
  18. 48
  19. 16
  20. 28
  21. 6
  22. selling price
  23. 63
  24. 21
  25. cost price
  26. False
  27. cost price
  28. False
  29. Loss
  30. 49
  31. selling price
  32. 10
  33. 4
  34. 336
  35. Profit
  36. True
  37. 69
  38. 5
  39. Profit
  40. Loss

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