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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 341 · 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.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.One friendship band costs ₹60 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹38 to make one jute bag. On the last day Kabir sells it for only ₹30. How much is the loss on one (in ₹)?
  5. 5.One handmade card costs ₹30 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.One bag of popcorn costs Kabir ₹51 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One cup of lemonade costs Tara ₹27 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One painted pebble costs Kabir ₹26 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.Dev makes 25 paper bookmarks at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  11. 11.It costs ₹21 to make one bag of popcorn. Meera sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.True or false: “the price you sell at” is the cost price. (a) True (b) False
  14. 14.True or false: “money spent to get it” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.It costs ₹14 to make one potted plant. Arjun sells it for ₹32. What is the profit on one (in ₹)?
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  21. 21.One cup of lemonade costs ₹16 to make. Tara wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.It costs ₹43 to make one painted pebble. Gurpreet sells it for ₹57. What is the profit on one (in ₹)?
  26. 26.It costs ₹31 to make one potted plant. Diya sells it for ₹40. What is the profit on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the selling price. (a) True (b) False
  28. 28.Kabir makes 25 handmade cards at a cost of ₹36 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  29. 29.One bag of popcorn costs Nisha ₹43 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.Vihaan makes 21 glasses of chai at a cost of ₹21 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  31. 31.Meera makes 13 bags of popcorn at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  32. 32.It costs ₹47 to make one bag of popcorn. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  33. 33.It costs ₹57 to make one paper bookmark. Lakshmi sells it for ₹70. What is the profit on one (in ₹)?
  34. 34.It costs ₹12 to make one cup of lemonade. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  36. 36.It costs ₹29 to make one cup of lemonade. Dev sells it for ₹33. What is the profit on one (in ₹)?
  37. 37.It costs ₹26 to make one bag of popcorn. Tara sells it for ₹34. What is the profit on one (in ₹)?
  38. 38.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  39. 39.Nisha makes 22 friendship bands at a cost of ₹15 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  40. 40.It costs ₹25 to make one handmade card. Riya sells it for ₹28. What is the profit on one (in ₹)?

Answer key

  1. SP less than CP
  2. selling price
  3. 61
  4. 8
  5. 32
  6. cost price
  7. Loss
  8. Loss
  9. Profit
  10. 150
  11. 10
  12. False
  13. False
  14. False
  15. what it cost you
  16. cost price
  17. True
  18. 18
  19. False
  20. what the buyer pays
  21. 36
  22. False
  23. cost price
  24. True
  25. 14
  26. 9
  27. True
  28. 225
  29. Loss
  30. 231
  31. 26
  32. 9
  33. 13
  34. 18
  35. selling price
  36. 4
  37. 8
  38. SP more than CP
  39. 330
  40. 3

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