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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 304 · 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 bag of popcorn costs ₹58 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  2. 2.It costs ₹42 to make one glass of chai. Gurpreet sells it for ₹57. What is the profit on one (in ₹)?
  3. 3.True or false: “what a customer pays” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  6. 6.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  7. 7.It costs ₹23 to make one friendship band. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  8. 8.One cup of lemonade costs ₹52 to make. Lakshmi wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  9. 9.One friendship band costs Arjun ₹21 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.True or false: “money got from a sale” is the selling price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.It costs ₹7 to make one fruit cup. Dev sells it for ₹11. What is the profit on one (in ₹)?
  13. 13.One painted pebble costs ₹56 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.One paper bookmark costs ₹37 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  16. 16.One friendship band costs ₹18 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹18 to make one glass of chai. On the last day Saanvi sells it for only ₹11. How much is the loss on one (in ₹)?
  18. 18.True or false: “the price on your board” is the selling price. (a) True (b) False
  19. 19.It costs ₹15 to make one potted plant. Lakshmi sells it for ₹20. What is the profit on one (in ₹)?
  20. 20.One bag of popcorn costs Gurpreet ₹19 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One handmade card costs ₹55 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  22. 22.One bag of popcorn costs Zoya ₹19 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.One friendship band costs ₹12 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  28. 28.True or false: “what a customer pays” is the selling price. (a) True (b) False
  29. 29.It costs ₹18 to make one potted plant. Vihaan sells it for ₹36. What is the profit on one (in ₹)?
  30. 30.One jute bag costs ₹55 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.One friendship band costs Diya ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  33. 33.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  35. 35.📈 When is there a profit? (a) never (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.One cup of lemonade costs ₹22 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.One bag of popcorn costs ₹53 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.One bag of popcorn costs Aarav ₹48 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. 65
  2. 15
  3. False
  4. cost price
  5. SP less than CP
  6. what it cost you
  7. 8
  8. 63
  9. Loss
  10. True
  11. cost price
  12. 4
  13. 76
  14. False
  15. 52
  16. 23
  17. 7
  18. True
  19. 5
  20. Loss
  21. 69
  22. Profit
  23. True
  24. 30
  25. selling price
  26. False
  27. selling price
  28. True
  29. 18
  30. 74
  31. Profit
  32. True
  33. what the buyer pays
  34. selling price
  35. SP more than CP
  36. selling price
  37. 23
  38. 59
  39. Loss
  40. False

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