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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 187 · 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) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  2. 2.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  3. 3.One jute bag costs ₹23 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  4. 4.Riya makes 9 cupcakes at a cost of ₹20 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  5. 5.It costs ₹38 to make one bag of popcorn. On the last day Tara sells it for only ₹32. How much is the loss on one (in ₹)?
  6. 6.One cup of lemonade costs Dev ₹34 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹47 to make one glass of chai. Rohan sells it for ₹50. What is the profit on one (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.True or false: “the price you sell at” is the cost price. (a) True (b) False
  10. 10.One glass of chai costs ₹24 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.Ananya makes 25 potted plants at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  13. 13.One glass of chai costs ₹35 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “what a customer pays” is the cost price. (a) True (b) False
  15. 15.It costs ₹43 to make one painted pebble. Rohan sells it for ₹63. What is the profit on one (in ₹)?
  16. 16.One glass of chai costs ₹10 to make. Vihaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹33 to make one cupcake. Dev sells it for ₹43. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.One bag of popcorn costs Nisha ₹39 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.It costs ₹18 to make one glass of chai. On the last day Tara sells it for only ₹9. How much is the loss on one (in ₹)?
  22. 22.True or false: “money spent to get it” is the selling price. (a) False (b) True
  23. 23.It costs ₹33 to make one fruit cup. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  24. 24.It costs ₹46 to make one clay diya. Riya sells it for ₹60. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  26. 26.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  27. 27.True or false: “what a customer pays” is the selling price. (a) True (b) False
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  30. 30.True or false: “what you paid for it” is the selling price. (a) False (b) True
  31. 31.One bag of popcorn costs Diya ₹60 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹51 to make one clay diya. Aarav sells it for ₹69. What is the profit on one (in ₹)?
  33. 33.It costs ₹39 to make one paper bookmark. On the last day Kabir sells it for only ₹33. How much is the loss on one (in ₹)?
  34. 34.It costs ₹18 to make one paper bookmark. Kabir sells it for ₹26. What is the profit on one (in ₹)?
  35. 35.True or false: “the price you sell at” is the selling price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.One fruit cup costs Arjun ₹24 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Lakshmi makes 29 painted pebbles at a cost of ₹38 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.True or false: “cost of making one” is the cost price. (a) False (b) True

Answer key

  1. what the buyer pays
  2. what it cost you
  3. 28
  4. 36
  5. 6
  6. Profit
  7. 3
  8. False
  9. False
  10. 25
  11. selling price
  12. 275
  13. 46
  14. False
  15. 20
  16. 15
  17. 10
  18. selling price
  19. Profit
  20. cost price
  21. 9
  22. False
  23. 12
  24. 14
  25. cost price
  26. SP less than CP
  27. True
  28. selling price
  29. SP more than CP
  30. False
  31. Profit
  32. 18
  33. 6
  34. 8
  35. True
  36. cost price
  37. Loss
  38. 174
  39. selling price
  40. True

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