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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 238 · 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: the price on your board? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  4. 4.True or false: “money got from a sale” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  6. 6.One bag of popcorn costs ₹44 to make. Riya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹45 to make one cup of lemonade. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  8. 8.Arjun makes 16 cups of lemonade at a cost of ₹17 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  9. 9.One glass of chai costs ₹8 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  11. 11.True or false: “what you paid for it” is the selling price. (a) False (b) True
  12. 12.One handmade card costs Rohan ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  14. 14.Tara makes 14 potted plants at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  15. 15.It costs ₹28 to make one painted pebble. On the last day Farhan sells it for only ₹26. How much is the loss on one (in ₹)?
  16. 16.It costs ₹23 to make one paper bookmark. On the last day Dev sells it for only ₹21. How much is the loss on one (in ₹)?
  17. 17.Aarav makes 7 cupcakes at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  18. 18.One jute bag costs Dev ₹44 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.True or false: “what you paid for it” is the cost price. (a) True (b) False
  21. 21.It costs ₹54 to make one handmade card. On the last day Saanvi sells it for only ₹51. How much is the loss on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  23. 23.One cup of lemonade costs Riya ₹27 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.Ananya makes 24 paper bookmarks at a cost of ₹15 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  28. 28.One cup of lemonade costs ₹24 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  29. 29.Riya makes 18 cupcakes at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  31. 31.It costs ₹30 to make one handmade card. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.It costs ₹46 to make one cup of lemonade. Gurpreet sells it for ₹60. What is the profit on one (in ₹)?
  34. 34.One painted pebble costs Aarav ₹31 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One paper bookmark costs Arjun ₹50 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One potted plant costs ₹54 to make. Kavya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹14 to make one potted plant. Gurpreet sells it for ₹22. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  39. 39.It costs ₹10 to make one paper bookmark. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  40. 40.True or false: “what a customer pays” is the selling price. (a) False (b) True

Answer key

  1. selling price
  2. cost price
  3. what the buyer pays
  4. True
  5. cost price
  6. 50
  7. 3
  8. 96
  9. 25
  10. True
  11. False
  12. Loss
  13. SP more than CP
  14. 210
  15. 2
  16. 2
  17. 63
  18. Loss
  19. False
  20. True
  21. 3
  22. selling price
  23. Profit
  24. cost price
  25. 240
  26. False
  27. SP less than CP
  28. 29
  29. 162
  30. selling price
  31. 3
  32. True
  33. 14
  34. Profit
  35. Loss
  36. 74
  37. 8
  38. what it cost you
  39. 18
  40. True

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