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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 284 · 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: “the wholesale price paid” is the selling price. (a) False (b) True
  2. 2.One glass of chai costs Zoya ₹52 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “what you paid for it” is the selling price. (a) True (b) False
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  5. 5.It costs ₹38 to make one clay diya. On the last day Joseph sells it for only ₹34. How much is the loss on one (in ₹)?
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  7. 7.It costs ₹29 to make one cup of lemonade. Aarav sells it for ₹32. What is the profit on one (in ₹)?
  8. 8.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
  10. 10.One cup of lemonade costs ₹48 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹60 to make one paper bookmark. Dev sells it for ₹78. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.One jute bag costs Nisha ₹34 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.Ananya makes 16 cupcakes at a cost of ₹24 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  15. 15.True or false: “what a customer pays” is the cost price. (a) False (b) True
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.One jute bag costs ₹41 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price you sell at” is the cost price. (a) True (b) False
  19. 19.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  20. 20.One friendship band costs ₹57 to make. Joseph wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.One cup of lemonade costs ₹54 to make. Meera wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹55 to make one bag of popcorn. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.Ishaan makes 7 potted plants at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  25. 25.Saanvi makes 7 glasses of chai at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  26. 26.One cup of lemonade costs ₹8 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  28. 28.One jute bag costs Lakshmi ₹40 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One fruit cup costs ₹33 to make. Rohan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  30. 30.One paper bookmark costs Lakshmi ₹54 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  32. 32.Joseph makes 27 handmade cards at a cost of ₹13 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  33. 33.It costs ₹60 to make one fruit cup. Riya sells it for ₹80. What is the profit on one (in ₹)?
  34. 34.It costs ₹47 to make one handmade card. On the last day Aarav sells it for only ₹43. How much is the loss on one (in ₹)?
  35. 35.One cup of lemonade costs ₹47 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.One handmade card costs ₹17 to make. Diya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹48 to make one paper bookmark. Rohan sells it for ₹51. What is the profit on one (in ₹)?
  38. 38.It costs ₹58 to make one painted pebble. On the last day Farhan sells it for only ₹54. How much is the loss on one (in ₹)?
  39. 39.One jute bag costs Arjun ₹23 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays

Answer key

  1. False
  2. Profit
  3. False
  4. what the buyer pays
  5. 4
  6. True
  7. 3
  8. SP more than CP
  9. False
  10. 62
  11. 18
  12. cost price
  13. Loss
  14. 112
  15. False
  16. True
  17. 48
  18. False
  19. SP less than CP
  20. 65
  21. 64
  22. 2
  23. selling price
  24. 7
  25. 49
  26. 16
  27. cost price
  28. Loss
  29. 53
  30. Profit
  31. selling price
  32. 405
  33. 20
  34. 4
  35. 50
  36. 30
  37. 3
  38. 4
  39. Profit
  40. what it cost you

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