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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 223 · 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.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  2. 2.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  3. 3.It costs ₹8 to make one cup of lemonade. Rohan sells it for ₹22. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.One cupcake costs ₹28 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price on your board” is the cost price. (a) False (b) True
  7. 7.True or false: “what you paid for it” is the selling price. (a) False (b) True
  8. 8.It costs ₹28 to make one cupcake. Vihaan sells it for ₹48. What is the profit on one (in ₹)?
  9. 9.Meera makes 30 friendship bands at a cost of ₹6 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.True or false: “what a customer pays” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.It costs ₹47 to make one friendship band. Kabir sells it for ₹64. What is the profit on one (in ₹)?
  17. 17.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  18. 18.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  19. 19.One friendship band costs Kabir ₹46 to make and sells for ₹61. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹11 to make one painted pebble. Rohan sells it for ₹17. What is the profit on one (in ₹)?
  21. 21.It costs ₹41 to make one glass of chai. On the last day Meera sells it for only ₹40. How much is the loss on one (in ₹)?
  22. 22.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  23. 23.One friendship band costs ₹23 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹14 to make one paper bookmark. Nisha sells it for ₹19. What is the profit on one (in ₹)?
  25. 25.Joseph makes 5 painted pebbles at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  26. 26.One friendship band costs ₹5 to make. Kavya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹61 to make one bag of popcorn. On the last day Dev sells it for only ₹55. How much is the loss on one (in ₹)?
  28. 28.One friendship band costs ₹13 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.Meera makes 12 bags of popcorn at a cost of ₹34 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  30. 30.True or false: “money spent to get it” is the cost price. (a) True (b) False
  31. 31.Kavya makes 30 glasses of chai at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  32. 32.Lakshmi makes 5 potted plants at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  33. 33.Kabir makes 18 cups of lemonade at a cost of ₹5 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  34. 34.It costs ₹43 to make one jute bag. On the last day Saanvi sells it for only ₹42. How much is the loss on one (in ₹)?
  35. 35.One fruit cup costs Nisha ₹38 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Nisha makes 20 friendship bands at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.It costs ₹56 to make one fruit cup. Ananya sells it for ₹73. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  40. 40.True or false: “what a customer pays” is the cost price. (a) True (b) False

Answer key

  1. cost price
  2. SP more than CP
  3. 14
  4. selling price
  5. 45
  6. False
  7. False
  8. 20
  9. 240
  10. selling price
  11. selling price
  12. True
  13. cost price
  14. selling price
  15. False
  16. 17
  17. False
  18. what it cost you
  19. Profit
  20. 6
  21. 1
  22. what the buyer pays
  23. 31
  24. 5
  25. 15
  26. 24
  27. 6
  28. 14
  29. 72
  30. True
  31. 240
  32. 65
  33. 252
  34. 1
  35. Loss
  36. 220
  37. False
  38. 17
  39. cost price
  40. False

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