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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 306 · 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 means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  2. 2.It costs ₹28 to make one bag of popcorn. Ishaan sells it for ₹46. What is the profit on one (in ₹)?
  3. 3.It costs ₹8 to make one cup of lemonade. Ishaan sells it for ₹10. What is the profit on one (in ₹)?
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  6. 6.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  7. 7.True or false: “cost of making one” is the cost price. (a) True (b) False
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.One painted pebble costs Kabir ₹51 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.One clay diya costs ₹37 to make. Saanvi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  11. 11.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  12. 12.It costs ₹24 to make one friendship band. Meera sells it for ₹25. What is the profit on one (in ₹)?
  13. 13.One clay diya costs ₹43 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  14. 14.One jute bag costs ₹23 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  15. 15.One friendship band costs Ananya ₹48 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.One glass of chai costs Lakshmi ₹48 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  18. 18.True or false: “what you paid for it” is the cost price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  20. 20.One cupcake costs ₹52 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “cost of making one” is the selling price. (a) False (b) True
  22. 22.One friendship band costs ₹20 to make. Arjun wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.Ananya makes 25 bags of popcorn at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  24. 24.One painted pebble costs ₹52 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  25. 25.Vihaan makes 27 glasses of chai at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  26. 26.It costs ₹38 to make one bag of popcorn. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.One paper bookmark costs Joseph ₹23 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One bag of popcorn costs Riya ₹40 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs Kavya ₹46 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹12 to make one jute bag. On the last day Ishaan sells it for only ₹9. How much is the loss on one (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.True or false: “the price you sell at” is the cost price. (a) False (b) True
  34. 34.It costs ₹7 to make one bag of popcorn. Rohan sells it for ₹15. What is the profit on one (in ₹)?
  35. 35.It costs ₹10 to make one painted pebble. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  36. 36.It costs ₹8 to make one cup of lemonade. Joseph sells it for ₹10. What is the profit on one (in ₹)?
  37. 37.One clay diya costs ₹45 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  39. 39.Meera makes 11 potted plants at a cost of ₹31 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price

Answer key

  1. what it cost you
  2. 18
  3. 2
  4. False
  5. cost price
  6. what the buyer pays
  7. True
  8. cost price
  9. Profit
  10. 46
  11. SP less than CP
  12. 1
  13. 47
  14. 40
  15. Loss
  16. Profit
  17. SP more than CP
  18. True
  19. selling price
  20. 71
  21. False
  22. 40
  23. 50
  24. 71
  25. 378
  26. 7
  27. cost price
  28. Loss
  29. Loss
  30. Loss
  31. 3
  32. True
  33. False
  34. 8
  35. 14
  36. 2
  37. 50
  38. selling price
  39. 55
  40. selling price

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