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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 335 · 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.

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  1. 1.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  2. 2.It costs ₹24 to make one potted plant. On the last day Kavya sells it for only ₹17. How much is the loss on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  6. 6.It costs ₹63 to make one bag of popcorn. On the last day Meera sells it for only ₹54. How much is the loss on one (in ₹)?
  7. 7.One friendship band costs ₹50 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  8. 8.Dev makes 6 handmade cards at a cost of ₹5 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  9. 9.Meera makes 27 cups of lemonade at a cost of ₹14 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  10. 10.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  11. 11.It costs ₹26 to make one bag of popcorn. Arjun sells it for ₹27. What is the profit on one (in ₹)?
  12. 12.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  13. 13.True or false: “money spent to get it” is the cost price. (a) True (b) False
  14. 14.One glass of chai costs Aarav ₹57 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹65 to make one fruit cup. On the last day Diya sells it for only ₹57. How much is the loss on one (in ₹)?
  16. 16.One bag of popcorn costs ₹9 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  19. 19.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  20. 20.True or false: “what a customer pays” is the selling price. (a) False (b) True
  21. 21.Zoya makes 22 cupcakes at a cost of ₹11 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  22. 22.It costs ₹50 to make one friendship band. Arjun sells it for ₹56. What is the profit on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) False (b) True
  24. 24.Tara makes 14 fruit cups at a cost of ₹20 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  25. 25.It costs ₹12 to make one cupcake. Ananya sells it for ₹23. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.One painted pebble costs ₹37 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.One painted pebble costs ₹51 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹33 to make one cupcake. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.One jute bag costs Joseph ₹26 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One jute bag costs Joseph ₹42 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “what you paid for it” is the selling price. (a) False (b) True
  34. 34.It costs ₹53 to make one clay diya. On the last day Diya sells it for only ₹46. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  36. 36.It costs ₹25 to make one glass of chai. On the last day Arjun sells it for only ₹19. How much is the loss on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  38. 38.One handmade card costs Nisha ₹20 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “what a customer pays” is the cost price. (a) False (b) True
  40. 40.One cup of lemonade costs ₹54 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. 7
  3. False
  4. True
  5. selling price
  6. 9
  7. 56
  8. 72
  9. 324
  10. SP more than CP
  11. 1
  12. what the buyer pays
  13. True
  14. Loss
  15. 8
  16. 15
  17. True
  18. SP less than CP
  19. cost price
  20. True
  21. 242
  22. 6
  23. False
  24. 42
  25. 11
  26. cost price
  27. 43
  28. selling price
  29. 66
  30. 3
  31. Loss
  32. Profit
  33. False
  34. 7
  35. cost price
  36. 6
  37. cost price
  38. Loss
  39. False
  40. 70

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