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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 277 · 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.One handmade card costs Arjun ₹52 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  3. 3.One bag of popcorn costs Aarav ₹20 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.Farhan makes 15 cups of lemonade at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  6. 6.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  7. 7.True or false: “money got from a sale” is the selling price. (a) True (b) False
  8. 8.It costs ₹6 to make one fruit cup. Arjun sells it for ₹16. What is the profit on one (in ₹)?
  9. 9.Kabir makes 6 jute bags at a cost of ₹30 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  10. 10.It costs ₹8 to make one jute bag. Kabir sells it for ₹11. What is the profit on one (in ₹)?
  11. 11.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  12. 12.It costs ₹54 to make one handmade card. Meera sells it for ₹58. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  14. 14.Dev makes 18 glasses of chai at a cost of ₹38 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  15. 15.Vihaan makes 18 cups of lemonade at a cost of ₹30 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.One bag of popcorn costs ₹15 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.True or false: “what a customer pays” is the cost price. (a) True (b) False
  21. 21.It costs ₹48 to make one handmade card. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
  24. 24.Kabir makes 30 jute bags at a cost of ₹37 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  25. 25.One bag of popcorn costs Ishaan ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One cup of lemonade costs ₹48 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.One cupcake costs ₹15 to make. Nisha wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.True or false: “what a customer pays” is the selling price. (a) False (b) True
  30. 30.It costs ₹27 to make one cupcake. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  31. 31.Nisha makes 7 friendship bands at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  33. 33.It costs ₹35 to make one fruit cup. On the last day Meera sells it for only ₹33. How much is the loss on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.It costs ₹18 to make one fruit cup. On the last day Ananya sells it for only ₹10. How much is the loss on one (in ₹)?
  37. 37.It costs ₹13 to make one glass of chai. Rohan sells it for ₹31. What is the profit on one (in ₹)?
  38. 38.One jute bag costs ₹55 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  39. 39.One clay diya costs Zoya ₹45 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.Tara makes 5 fruit cups at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?

Answer key

  1. Loss
  2. SP less than CP
  3. Loss
  4. 165
  5. selling price
  6. SP more than CP
  7. True
  8. 10
  9. 60
  10. 3
  11. what the buyer pays
  12. 4
  13. what it cost you
  14. 90
  15. 72
  16. cost price
  17. 21
  18. True
  19. selling price
  20. False
  21. 7
  22. False
  23. False
  24. 420
  25. Loss
  26. 55
  27. 32
  28. cost price
  29. True
  30. 7
  31. 28
  32. True
  33. 2
  34. cost price
  35. selling price
  36. 8
  37. 18
  38. 66
  39. Loss
  40. 65

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