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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 25 · 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.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  2. 2.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  3. 3.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  4. 4.It costs ₹22 to make one painted pebble. Zoya sells it for ₹25. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  6. 6.It costs ₹43 to make one clay diya. On the last day Ishaan sells it for only ₹36. How much is the loss on one (in ₹)?
  7. 7.One cup of lemonade costs Aarav ₹41 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.One cupcake costs Ananya ₹44 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹16 to make one painted pebble. On the last day Ananya sells it for only ₹9. How much is the loss on one (in ₹)?
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  16. 16.True or false: “the price you sell at” is the selling price. (a) True (b) False
  17. 17.It costs ₹26 to make one cup of lemonade. Diya sells it for ₹34. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.It costs ₹58 to make one cup of lemonade. On the last day Arjun sells it for only ₹53. How much is the loss on one (in ₹)?
  20. 20.One bag of popcorn costs ₹51 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  21. 21.Farhan makes 19 bags of popcorn at a cost of ₹39 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.One potted plant costs ₹14 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  24. 24.Vihaan makes 15 handmade cards at a cost of ₹24 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  25. 25.True or false: “money spent to get it” is the cost price. (a) True (b) False
  26. 26.It costs ₹31 to make one handmade card. On the last day Kabir sells it for only ₹28. How much is the loss on one (in ₹)?
  27. 27.One cup of lemonade costs Kavya ₹54 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One glass of chai costs ₹21 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹32 to make one bag of popcorn. On the last day Tara sells it for only ₹22. How much is the loss on one (in ₹)?
  30. 30.True or false: “the price on your board” is the cost price. (a) False (b) True
  31. 31.True or false: “what a customer pays” is the cost price. (a) True (b) False
  32. 32.True or false: “money spent to get it” is the selling price. (a) True (b) False
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.Lakshmi makes 22 cups of lemonade at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  35. 35.It costs ₹54 to make one friendship band. Vihaan sells it for ₹58. What is the profit on one (in ₹)?
  36. 36.It costs ₹27 to make one glass of chai. On the last day Ananya sells it for only ₹25. How much is the loss on one (in ₹)?
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.One fruit cup costs Kavya ₹42 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One bag of popcorn costs ₹32 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹7 to make one handmade card. On the last day Rohan sells it for only ₹6. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. what the buyer pays
  3. SP less than CP
  4. 3
  5. what it cost you
  6. 7
  7. Profit
  8. False
  9. cost price
  10. selling price
  11. cost price
  12. Loss
  13. 7
  14. False
  15. selling price
  16. True
  17. 8
  18. cost price
  19. 5
  20. 56
  21. 209
  22. cost price
  23. 25
  24. 30
  25. True
  26. 3
  27. Profit
  28. 30
  29. 10
  30. False
  31. False
  32. False
  33. False
  34. 132
  35. 4
  36. 2
  37. True
  38. Profit
  39. 52
  40. 1

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