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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 234 · 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: “the price on your board” is the cost price. (a) False (b) True
  2. 2.It costs ₹35 to make one cupcake. Diya sells it for ₹48. What is the profit on one (in ₹)?
  3. 3.True or false: “cost of making one” is the selling price. (a) False (b) True
  4. 4.It costs ₹40 to make one bag of popcorn. On the last day Ishaan sells it for only ₹34. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.True or false: “money spent to get it” is the cost price. (a) True (b) False
  7. 7.True or false: “what a customer pays” is the cost price. (a) False (b) True
  8. 8.One glass of chai costs Riya ₹48 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  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: cost of making one? (a) selling price (b) cost price
  11. 11.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  12. 12.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.Rohan makes 6 paper bookmarks at a cost of ₹9 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  15. 15.Tara makes 27 jute bags at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  19. 19.One paper bookmark costs ₹15 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  20. 20.One bag of popcorn costs Dev ₹28 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.Kabir makes 17 glasses of chai at a cost of ₹37 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  22. 22.One painted pebble costs ₹31 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.One cup of lemonade costs Aarav ₹43 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹17 to make one paper bookmark. On the last day Farhan sells it for only ₹14. How much is the loss on one (in ₹)?
  25. 25.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  26. 26.It costs ₹45 to make one friendship band. On the last day Ananya sells it for only ₹41. How much is the loss on one (in ₹)?
  27. 27.It costs ₹63 to make one glass of chai. On the last day Arjun sells it for only ₹57. How much is the loss on one (in ₹)?
  28. 28.One painted pebble costs ₹35 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.One glass of chai costs ₹10 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  30. 30.One cup of lemonade costs ₹26 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹52 to make one handmade card. On the last day Aarav sells it for only ₹49. How much is the loss on one (in ₹)?
  32. 32.It costs ₹21 to make one cupcake. Joseph sells it for ₹29. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  34. 34.It costs ₹45 to make one fruit cup. On the last day Aarav sells it for only ₹36. How much is the loss on one (in ₹)?
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  36. 36.One fruit cup costs ₹10 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹27 to make one bag of popcorn. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  38. 38.Ishaan makes 26 cups of lemonade at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  39. 39.Diya makes 30 potted plants at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.It costs ₹38 to make one fruit cup. On the last day Vihaan sells it for only ₹34. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 13
  3. False
  4. 6
  5. selling price
  6. True
  7. False
  8. Profit
  9. True
  10. cost price
  11. what the buyer pays
  12. SP less than CP
  13. False
  14. 42
  15. 351
  16. what it cost you
  17. selling price
  18. cost price
  19. 21
  20. Loss
  21. 238
  22. 32
  23. Loss
  24. 3
  25. SP more than CP
  26. 4
  27. 6
  28. 48
  29. 29
  30. 30
  31. 3
  32. 8
  33. selling price
  34. 9
  35. False
  36. 14
  37. 13
  38. 260
  39. 60
  40. 4

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