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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 18 · 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.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  2. 2.It costs ₹18 to make one paper bookmark. Rohan sells it for ₹21. What is the profit on one (in ₹)?
  3. 3.One handmade card costs ₹9 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  4. 4.Nisha makes 21 cupcakes at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  5. 5.One cup of lemonade costs Dev ₹33 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  7. 7.It costs ₹12 to make one fruit cup. Meera sells it for ₹21. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  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) False (b) True
  13. 13.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  14. 14.It costs ₹14 to make one friendship band. On the last day Arjun sells it for only ₹7. How much is the loss on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) False (b) True
  16. 16.It costs ₹42 to make one friendship band. On the last day Arjun sells it for only ₹35. How much is the loss on one (in ₹)?
  17. 17.One bag of popcorn costs ₹43 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹36 to make one bag of popcorn. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.True or false: “what a customer pays” is the cost price. (a) False (b) True
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  22. 22.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  23. 23.It costs ₹9 to make one bag of popcorn. Ananya sells it for ₹16. What is the profit on one (in ₹)?
  24. 24.One glass of chai costs ₹9 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹41 to make one clay diya. Diya sells it for ₹55. What is the profit on one (in ₹)?
  26. 26.One jute bag costs Gurpreet ₹35 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.It costs ₹57 to make one glass of chai. On the last day Zoya sells it for only ₹52. How much is the loss on one (in ₹)?
  29. 29.One handmade card costs ₹54 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹41 to make one bag of popcorn. On the last day Tara sells it for only ₹32. How much is the loss on one (in ₹)?
  31. 31.True or false: “the price you sell at” is the selling price. (a) True (b) False
  32. 32.True or false: “money got from a sale” is the selling price. (a) True (b) False
  33. 33.One paper bookmark costs ₹50 to make. Ishaan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  34. 34.One friendship band costs ₹39 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.One fruit cup costs ₹6 to make. Dev wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  36. 36.One paper bookmark costs ₹23 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  37. 37.One clay diya costs Rohan ₹48 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  39. 39.One cup of lemonade costs Lakshmi ₹46 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.Rohan makes 9 fruit cups at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?

Answer key

  1. what the buyer pays
  2. 3
  3. 27
  4. 42
  5. Profit
  6. SP more than CP
  7. 9
  8. selling price
  9. True
  10. cost price
  11. cost price
  12. True
  13. what it cost you
  14. 7
  15. False
  16. 7
  17. 63
  18. 20
  19. selling price
  20. False
  21. True
  22. SP less than CP
  23. 7
  24. 13
  25. 14
  26. Loss
  27. True
  28. 5
  29. 55
  30. 9
  31. True
  32. True
  33. 67
  34. 40
  35. 22
  36. 35
  37. Loss
  38. selling price
  39. Profit
  40. 54

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