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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 278 · 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.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  4. 4.True or false: “the price you sell at” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  8. 8.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  11. 11.It costs ₹33 to make one cupcake. Rohan sells it for ₹53. What is the profit on one (in ₹)?
  12. 12.It costs ₹58 to make one handmade card. On the last day Aarav sells it for only ₹51. How much is the loss on one (in ₹)?
  13. 13.It costs ₹59 to make one glass of chai. Gurpreet sells it for ₹79. What is the profit on one (in ₹)?
  14. 14.One bag of popcorn costs ₹54 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  16. 16.It costs ₹26 to make one fruit cup. Riya sells it for ₹44. What is the profit on one (in ₹)?
  17. 17.It costs ₹30 to make one cupcake. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  19. 19.One fruit cup costs ₹13 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  20. 20.True or false: “money spent to get it” is the cost price. (a) False (b) True
  21. 21.One fruit cup costs Zoya ₹57 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.Farhan makes 10 cups of lemonade at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  23. 23.It costs ₹62 to make one cup of lemonade. On the last day Riya sells it for only ₹59. How much is the loss on one (in ₹)?
  24. 24.One jute bag costs Meera ₹48 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Tara makes 7 glasses of chai at a cost of ₹20 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  26. 26.One cupcake costs Arjun ₹22 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the price on your board” is the cost price. (a) False (b) True
  28. 28.It costs ₹7 to make one bag of popcorn. Aarav sells it for ₹10. What is the profit on one (in ₹)?
  29. 29.One bag of popcorn costs Joseph ₹59 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs ₹53 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.One handmade card costs ₹21 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what you paid for it” is the selling price. (a) False (b) True
  33. 33.One bag of popcorn costs ₹44 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  34. 34.One clay diya costs ₹40 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  35. 35.Vihaan makes 21 potted plants at a cost of ₹10 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  36. 36.It costs ₹33 to make one fruit cup. Lakshmi sells it for ₹50. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹21 to make. Dev wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  39. 39.It costs ₹28 to make one painted pebble. On the last day Kavya sells it for only ₹21. How much is the loss on one (in ₹)?
  40. 40.Ishaan makes 22 friendship bands at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?

Answer key

  1. selling price
  2. True
  3. cost price
  4. False
  5. what it cost you
  6. SP less than CP
  7. selling price
  8. what the buyer pays
  9. cost price
  10. SP more than CP
  11. 20
  12. 7
  13. 20
  14. 68
  15. cost price
  16. 18
  17. 10
  18. False
  19. 15
  20. True
  21. Loss
  22. 90
  23. 3
  24. Loss
  25. 49
  26. Loss
  27. False
  28. 3
  29. Loss
  30. 72
  31. 28
  32. False
  33. 64
  34. 43
  35. 273
  36. 17
  37. 23
  38. cost price
  39. 7
  40. 88

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