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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 205 · 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 selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.One fruit cup costs Lakshmi ₹33 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs ₹18 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  7. 7.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  8. 8.It costs ₹58 to make one jute bag. Gurpreet sells it for ₹59. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.It costs ₹41 to make one cup of lemonade. Vihaan sells it for ₹51. What is the profit on one (in ₹)?
  13. 13.It costs ₹21 to make one friendship band. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  14. 14.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.One bag of popcorn costs ₹48 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  18. 18.One painted pebble costs Vihaan ₹54 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.Aarav makes 11 cupcakes at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  20. 20.One jute bag costs Zoya ₹41 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One friendship band costs Kabir ₹35 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.One glass of chai costs Tara ₹42 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.One handmade card costs ₹18 to make. Kavya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.It costs ₹41 to make one handmade card. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  26. 26.It costs ₹53 to make one friendship band. Riya sells it for ₹67. What is the profit on one (in ₹)?
  27. 27.Ananya makes 24 cupcakes at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  28. 28.Diya makes 6 fruit cups at a cost of ₹12 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  29. 29.It costs ₹5 to make one paper bookmark. Vihaan sells it for ₹10. What is the profit on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.It costs ₹37 to make one cupcake. Rohan sells it for ₹42. What is the profit on one (in ₹)?
  32. 32.One paper bookmark costs ₹17 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.One paper bookmark costs ₹47 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.True or false: “what a customer pays” is the cost price. (a) True (b) False
  37. 37.One friendship band costs ₹25 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  39. 39.One cupcake costs ₹35 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.Diya makes 10 potted plants at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. selling price
  3. Loss
  4. cost price
  5. 28
  6. what it cost you
  7. SP less than CP
  8. 1
  9. selling price
  10. what the buyer pays
  11. cost price
  12. 10
  13. 3
  14. SP more than CP
  15. False
  16. 51
  17. selling price
  18. Profit
  19. 110
  20. Loss
  21. Loss
  22. Loss
  23. 20
  24. cost price
  25. 7
  26. 14
  27. 120
  28. 6
  29. 5
  30. False
  31. 5
  32. 23
  33. selling price
  34. 53
  35. False
  36. False
  37. 26
  38. cost price
  39. 37
  40. 150

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