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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 310 · 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: cost of making one? (a) cost price (b) selling price
  2. 2.One glass of chai costs ₹49 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  3. 3.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  4. 4.True or false: “money got from a sale” is the selling price. (a) False (b) True
  5. 5.One cupcake costs ₹7 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.One friendship band costs ₹56 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “what you paid for it” is the cost price. (a) False (b) True
  13. 13.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  14. 14.It costs ₹54 to make one fruit cup. Arjun sells it for ₹60. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.It costs ₹47 to make one painted pebble. On the last day Joseph sells it for only ₹42. How much is the loss on one (in ₹)?
  17. 17.One jute bag costs ₹24 to make. Gurpreet wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹50 to make one potted plant. Kavya sells it for ₹51. What is the profit on one (in ₹)?
  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.It costs ₹13 to make one paper bookmark. Kavya sells it for ₹25. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  22. 22.Vihaan makes 17 handmade cards at a cost of ₹16 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.One paper bookmark costs Joseph ₹37 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.Joseph makes 18 glasses of chai at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  26. 26.It costs ₹49 to make one cup of lemonade. Lakshmi sells it for ₹62. What is the profit on one (in ₹)?
  27. 27.It costs ₹27 to make one fruit cup. Tara sells it for ₹42. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹31 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.One cup of lemonade costs Ishaan ₹43 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “the price on your board” is the selling price. (a) False (b) True
  31. 31.It costs ₹31 to make one cupcake. Riya sells it for ₹32. What is the profit on one (in ₹)?
  32. 32.It costs ₹34 to make one potted plant. On the last day Saanvi sells it for only ₹33. How much is the loss on one (in ₹)?
  33. 33.True or false: “cost of making one” is the selling price. (a) True (b) False
  34. 34.One bag of popcorn costs Meera ₹54 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.Saanvi makes 13 fruit cups at a cost of ₹27 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  36. 36.One cup of lemonade costs ₹30 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹58 to make one jute bag. On the last day Rohan sells it for only ₹51. How much is the loss on one (in ₹)?
  38. 38.It costs ₹23 to make one bag of popcorn. Lakshmi sells it for ₹25. What is the profit on one (in ₹)?
  39. 39.It costs ₹43 to make one cupcake. On the last day Kabir sells it for only ₹34. How much is the loss on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. cost price
  2. 53
  3. what the buyer pays
  4. True
  5. 25
  6. True
  7. what it cost you
  8. cost price
  9. selling price
  10. cost price
  11. 65
  12. True
  13. SP more than CP
  14. 6
  15. selling price
  16. 5
  17. 31
  18. 1
  19. SP less than CP
  20. 12
  21. selling price
  22. 17
  23. cost price
  24. Profit
  25. 72
  26. 13
  27. 15
  28. 42
  29. Loss
  30. True
  31. 1
  32. 1
  33. False
  34. Profit
  35. 104
  36. 40
  37. 7
  38. 2
  39. 9
  40. False

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