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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 243 · 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.

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  1. 1.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  2. 2.One paper bookmark costs Kavya ₹45 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.True or false: “what you paid for it” is the selling price. (a) False (b) True
  4. 4.One clay diya costs ₹60 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.Vihaan makes 7 bags of popcorn at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  6. 6.One bag of popcorn costs ₹50 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.One glass of chai costs ₹38 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹13 to make one bag of popcorn. Nisha sells it for ₹15. What is the profit on one (in ₹)?
  9. 9.It costs ₹9 to make one fruit cup. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.True or false: “the price you sell at” is the cost price. (a) True (b) False
  12. 12.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  13. 13.It costs ₹16 to make one fruit cup. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.It costs ₹51 to make one jute bag. Lakshmi sells it for ₹62. What is the profit on one (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  18. 18.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.It costs ₹23 to make one friendship band. On the last day Saanvi sells it for only ₹21. How much is the loss on one (in ₹)?
  21. 21.Zoya makes 19 paper bookmarks at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  22. 22.One painted pebble costs ₹37 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  23. 23.One fruit cup costs Gurpreet ₹54 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “what you paid for it” is the cost price. (a) True (b) False
  25. 25.One jute bag costs ₹16 to make. Aarav wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  26. 26.Meera makes 13 bags of popcorn at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  27. 27.One cupcake costs ₹32 to make. Arjun wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.One glass of chai costs Ishaan ₹32 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  31. 31.True or false: “the price you sell at” is the selling price. (a) True (b) False
  32. 32.True or false: “money spent to get it” is the cost price. (a) False (b) True
  33. 33.One fruit cup costs ₹57 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  35. 35.One handmade card costs ₹6 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  37. 37.It costs ₹31 to make one jute bag. Rohan sells it for ₹34. What is the profit on one (in ₹)?
  38. 38.It costs ₹60 to make one friendship band. On the last day Tara sells it for only ₹59. How much is the loss on one (in ₹)?
  39. 39.It costs ₹41 to make one cup of lemonade. Ananya sells it for ₹44. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs Diya ₹45 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. Profit
  3. False
  4. 65
  5. 28
  6. 56
  7. 54
  8. 2
  9. 11
  10. cost price
  11. False
  12. what the buyer pays
  13. 2
  14. False
  15. 11
  16. True
  17. what it cost you
  18. selling price
  19. selling price
  20. 2
  21. 38
  22. 38
  23. Profit
  24. True
  25. 24
  26. 39
  27. 34
  28. False
  29. Loss
  30. cost price
  31. True
  32. True
  33. 70
  34. cost price
  35. 14
  36. SP less than CP
  37. 3
  38. 1
  39. 3
  40. Profit

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