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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 154 · 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 ₹28 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  2. 2.True or false: “what a customer pays” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.Zoya makes 9 paper bookmarks at a cost of ₹40 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  6. 6.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  7. 7.It costs ₹16 to make one paper bookmark. On the last day Meera sells it for only ₹15. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.It costs ₹52 to make one handmade card. Ishaan sells it for ₹56. What is the profit on one (in ₹)?
  12. 12.True or false: “the price you sell at” is the cost price. (a) True (b) False
  13. 13.One jute bag costs Farhan ₹19 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One cup of lemonade costs Riya ₹41 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.One paper bookmark costs Tara ₹28 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  18. 18.It costs ₹20 to make one friendship band. Meera sells it for ₹39. What is the profit on one (in ₹)?
  19. 19.True or false: “money got from a sale” is the selling price. (a) True (b) False
  20. 20.It costs ₹18 to make one painted pebble. On the last day Riya sells it for only ₹14. How much is the loss on one (in ₹)?
  21. 21.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  22. 22.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  24. 24.It costs ₹53 to make one jute bag. Ishaan sells it for ₹69. What is the profit on one (in ₹)?
  25. 25.One painted pebble costs ₹19 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “money spent to get it” is the cost price. (a) True (b) False
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.True or false: “the price on your board” is the selling price. (a) False (b) True
  29. 29.Saanvi makes 20 fruit cups at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  30. 30.It costs ₹33 to make one bag of popcorn. On the last day Diya sells it for only ₹28. How much is the loss on one (in ₹)?
  31. 31.It costs ₹44 to make one glass of chai. On the last day Zoya sells it for only ₹42. How much is the loss on one (in ₹)?
  32. 32.One glass of chai costs ₹23 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹22 to make one jute bag. On the last day Ishaan sells it for only ₹21. How much is the loss on one (in ₹)?
  34. 34.It costs ₹8 to make one paper bookmark. Ananya sells it for ₹13. What is the profit on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.One handmade card costs ₹14 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹12 to make one jute bag. Meera sells it for ₹13. What is the profit on one (in ₹)?
  38. 38.It costs ₹68 to make one friendship band. On the last day Kabir sells it for only ₹58. How much is the loss on one (in ₹)?
  39. 39.It costs ₹17 to make one clay diya. On the last day Joseph sells it for only ₹11. How much is the loss on one (in ₹)?
  40. 40.It costs ₹27 to make one handmade card. Rohan sells it for ₹33. What is the profit on one (in ₹)?

Answer key

  1. 47
  2. False
  3. cost price
  4. 54
  5. what it cost you
  6. what the buyer pays
  7. 1
  8. selling price
  9. False
  10. cost price
  11. 4
  12. False
  13. Profit
  14. Loss
  15. Profit
  16. True
  17. SP less than CP
  18. 19
  19. True
  20. 4
  21. SP more than CP
  22. cost price
  23. selling price
  24. 16
  25. 22
  26. True
  27. False
  28. True
  29. 80
  30. 5
  31. 2
  32. 24
  33. 1
  34. 5
  35. True
  36. 17
  37. 1
  38. 10
  39. 6
  40. 6

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