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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 265 · 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: “money got from a sale” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.Ishaan makes 26 fruit cups at a cost of ₹32 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  4. 4.One jute bag costs ₹19 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  5. 5.Diya makes 6 cupcakes at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  8. 8.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  9. 9.One handmade card costs ₹14 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.One cup of lemonade costs ₹30 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.Aarav makes 19 fruit cups at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.One friendship band costs ₹17 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.True or false: “the price you sell at” is the selling price. (a) False (b) True
  17. 17.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (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 means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  20. 20.It costs ₹25 to make one bag of popcorn. On the last day Joseph sells it for only ₹20. How much is the loss on one (in ₹)?
  21. 21.Saanvi makes 7 cupcakes at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  22. 22.One potted plant costs ₹59 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹45 to make one glass of chai. Joseph sells it for ₹64. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.Diya makes 17 fruit cups at a cost of ₹8 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  26. 26.One glass of chai costs ₹37 to make. Nisha wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹63 to make one paper bookmark. On the last day Zoya sells it for only ₹56. How much is the loss on one (in ₹)?
  28. 28.One fruit cup costs ₹59 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.It costs ₹14 to make one jute bag. Diya sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.One cupcake costs Zoya ₹52 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.Rohan makes 25 paper bookmarks at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  34. 34.One glass of chai costs ₹53 to make. Ishaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹19 to make one friendship band. Joseph sells it for ₹39. What is the profit on one (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  37. 37.Farhan makes 19 glasses of chai at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) True (b) False
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.It costs ₹24 to make one glass of chai. Zoya sells it for ₹39. What is the profit on one (in ₹)?

Answer key

  1. False
  2. selling price
  3. 234
  4. 26
  5. 42
  6. selling price
  7. SP less than CP
  8. SP more than CP
  9. 25
  10. 34
  11. cost price
  12. 285
  13. False
  14. 25
  15. selling price
  16. True
  17. what the buyer pays
  18. selling price
  19. what it cost you
  20. 5
  21. 91
  22. 63
  23. 19
  24. True
  25. 221
  26. 45
  27. 7
  28. 63
  29. False
  30. 14
  31. Loss
  32. False
  33. 375
  34. 56
  35. 20
  36. True
  37. 133
  38. True
  39. False
  40. 15

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