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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 170 · 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 paper bookmark costs Kabir ₹54 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.Rohan makes 25 friendship bands at a cost of ₹23 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  3. 3.Arjun makes 8 bags of popcorn at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  4. 4.It costs ₹52 to make one bag of popcorn. On the last day Zoya sells it for only ₹50. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  7. 7.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  8. 8.True or false: “money spent to get it” is the selling price. (a) False (b) True
  9. 9.One cupcake costs Diya ₹35 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  12. 12.True or false: “money spent to get it” is the cost price. (a) True (b) False
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.Diya makes 27 glasses of chai at a cost of ₹40 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  15. 15.It costs ₹42 to make one fruit cup. On the last day Aarav sells it for only ₹37. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  17. 17.It costs ₹38 to make one bag of popcorn. Dev sells it for ₹48. What is the profit on one (in ₹)?
  18. 18.True or false: “what a customer pays” is the cost price. (a) True (b) False
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  20. 20.One cupcake costs ₹15 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  21. 21.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  22. 22.True or false: “what you paid for it” is the selling price. (a) True (b) False
  23. 23.One cupcake costs Kabir ₹38 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  25. 25.It costs ₹50 to make one jute bag. On the last day Kavya sells it for only ₹46. How much is the loss on one (in ₹)?
  26. 26.It costs ₹18 to make one painted pebble. On the last day Ananya sells it for only ₹14. How much is the loss on one (in ₹)?
  27. 27.It costs ₹35 to make one jute bag. On the last day Ananya sells it for only ₹31. How much is the loss on one (in ₹)?
  28. 28.Riya makes 24 glasses of chai at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  29. 29.It costs ₹14 to make one clay diya. Zoya sells it for ₹26. What is the profit on one (in ₹)?
  30. 30.It costs ₹16 to make one jute bag. Ishaan sells it for ₹17. What is the profit on one (in ₹)?
  31. 31.True or false: “money got from a sale” is the selling price. (a) True (b) False
  32. 32.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  34. 34.One bag of popcorn costs Riya ₹23 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One cupcake costs Kavya ₹55 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.It costs ₹17 to make one bag of popcorn. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

Answer key

  1. Profit
  2. 250
  3. 24
  4. 2
  5. selling price
  6. SP more than CP
  7. cost price
  8. False
  9. Loss
  10. True
  11. cost price
  12. True
  13. True
  14. 81
  15. 5
  16. what it cost you
  17. 10
  18. False
  19. False
  20. 18
  21. what the buyer pays
  22. False
  23. Loss
  24. cost price
  25. 4
  26. 4
  27. 4
  28. 72
  29. 12
  30. 1
  31. True
  32. selling price
  33. cost price
  34. Profit
  35. Profit
  36. False
  37. 4
  38. True
  39. selling price
  40. False

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