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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 24 · 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 cost price. (a) False (b) True
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  3. 3.One painted pebble costs Joseph ₹54 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  5. 5.It costs ₹35 to make one jute bag. On the last day Ishaan sells it for only ₹26. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.It costs ₹24 to make one bag of popcorn. Vihaan sells it for ₹35. What is the profit on one (in ₹)?
  9. 9.One glass of chai costs Tara ₹28 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹26 to make one cupcake. Saanvi sells it for ₹30. What is the profit on one (in ₹)?
  11. 11.One paper bookmark costs ₹40 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “money got from a sale” is the selling price. (a) True (b) False
  13. 13.One jute bag costs Lakshmi ₹58 to make and sells for ₹73. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “cost of making one” is the cost price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  16. 16.It costs ₹50 to make one fruit cup. On the last day Ishaan sells it for only ₹49. How much is the loss on one (in ₹)?
  17. 17.It costs ₹23 to make one clay diya. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  18. 18.One handmade card costs ₹11 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  21. 21.It costs ₹19 to make one painted pebble. Nisha sells it for ₹38. What is the profit on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.It costs ₹44 to make one cupcake. On the last day Kavya sells it for only ₹39. How much is the loss on one (in ₹)?
  24. 24.One bag of popcorn costs ₹11 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  27. 27.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  28. 28.It costs ₹53 to make one cup of lemonade. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  29. 29.Farhan makes 20 handmade cards at a cost of ₹25 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  31. 31.Lakshmi makes 16 handmade cards at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  32. 32.One bag of popcorn costs ₹31 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the price you sell at” is the selling price. (a) True (b) False
  34. 34.It costs ₹35 to make one cup of lemonade. On the last day Kabir sells it for only ₹34. How much is the loss on one (in ₹)?
  35. 35.One jute bag costs Nisha ₹46 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹40 to make one cup of lemonade. Diya sells it for ₹44. What is the profit on one (in ₹)?
  37. 37.One handmade card costs ₹34 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “what you paid for it” is the cost price. (a) False (b) True
  39. 39.It costs ₹37 to make one clay diya. Rohan sells it for ₹40. What is the profit on one (in ₹)?
  40. 40.Diya makes 10 cups of lemonade at a cost of ₹19 each and sells all of them at ₹27 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. SP less than CP
  3. Profit
  4. cost price
  5. 9
  6. SP more than CP
  7. selling price
  8. 11
  9. Loss
  10. 4
  11. 42
  12. True
  13. Profit
  14. True
  15. selling price
  16. 1
  17. 16
  18. 27
  19. False
  20. cost price
  21. 19
  22. False
  23. 5
  24. 31
  25. cost price
  26. what the buyer pays
  27. what it cost you
  28. 3
  29. 140
  30. selling price
  31. 32
  32. 41
  33. True
  34. 1
  35. Profit
  36. 4
  37. 44
  38. True
  39. 3
  40. 80

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