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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 233 · 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 bag of popcorn costs Gurpreet ₹30 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.True or false: “the price on your board” is the selling price. (a) True (b) False
  4. 4.One cupcake costs Aarav ₹53 to make and sells for ₹66. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.One glass of chai costs Diya ₹37 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.It costs ₹60 to make one paper bookmark. On the last day Saanvi sells it for only ₹52. How much is the loss on one (in ₹)?
  7. 7.It costs ₹8 to make one cupcake. On the last day Lakshmi sells it for only ₹5. How much is the loss on one (in ₹)?
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.One paper bookmark costs Tara ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.One painted pebble costs ₹49 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  14. 14.One friendship band costs ₹38 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  16. 16.One clay diya costs ₹14 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  18. 18.True or false: “money got from a sale” is the selling price. (a) False (b) True
  19. 19.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  20. 20.Ishaan makes 9 paper bookmarks at a cost of ₹7 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  21. 21.It costs ₹51 to make one friendship band. On the last day Aarav sells it for only ₹44. How much is the loss on one (in ₹)?
  22. 22.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  23. 23.Vihaan makes 11 friendship bands at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.It costs ₹46 to make one clay diya. On the last day Aarav sells it for only ₹40. How much is the loss on one (in ₹)?
  26. 26.It costs ₹66 to make one paper bookmark. On the last day Ishaan sells it for only ₹57. How much is the loss on one (in ₹)?
  27. 27.It costs ₹46 to make one glass of chai. Dev sells it for ₹59. What is the profit on one (in ₹)?
  28. 28.One cup of lemonade costs ₹11 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.It costs ₹44 to make one clay diya. Zoya sells it for ₹52. What is the profit on one (in ₹)?
  31. 31.It costs ₹34 to make one potted plant. On the last day Rohan sells it for only ₹25. How much is the loss on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  35. 35.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  36. 36.It costs ₹51 to make one cup of lemonade. Rohan sells it for ₹65. What is the profit on one (in ₹)?
  37. 37.It costs ₹48 to make one potted plant. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  38. 38.Diya makes 25 bags of popcorn at a cost of ₹32 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  39. 39.It costs ₹56 to make one cupcake. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  40. 40.It costs ₹37 to make one jute bag. Diya sells it for ₹43. What is the profit on one (in ₹)?

Answer key

  1. Profit
  2. selling price
  3. True
  4. Profit
  5. Loss
  6. 8
  7. 3
  8. False
  9. Profit
  10. selling price
  11. SP less than CP
  12. cost price
  13. 52
  14. 42
  15. False
  16. 23
  17. cost price
  18. True
  19. what the buyer pays
  20. 63
  21. 7
  22. SP more than CP
  23. 44
  24. True
  25. 6
  26. 9
  27. 13
  28. 22
  29. False
  30. 8
  31. 9
  32. selling price
  33. selling price
  34. cost price
  35. what it cost you
  36. 14
  37. 4
  38. 25
  39. 1
  40. 6

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