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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 356 · 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) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  2. 2.One potted plant costs Rohan ₹25 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.Arjun makes 21 cupcakes at a cost of ₹28 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  4. 4.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  5. 5.One cup of lemonade costs ₹40 to make. Ananya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  9. 9.True or false: “money spent to get it” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.One bag of popcorn costs ₹6 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹14 to make one friendship band. Vihaan sells it for ₹18. What is the profit on one (in ₹)?
  14. 14.Ananya makes 7 paper bookmarks at a cost of ₹20 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  15. 15.Meera makes 30 glasses of chai at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  16. 16.It costs ₹32 to make one cupcake. Lakshmi sells it for ₹46. What is the profit on one (in ₹)?
  17. 17.It costs ₹30 to make one cup of lemonade. On the last day Dev sells it for only ₹23. How much is the loss on one (in ₹)?
  18. 18.One painted pebble costs ₹39 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  19. 19.One fruit cup costs ₹22 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  20. 20.Tara makes 14 painted pebbles at a cost of ₹29 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  21. 21.One painted pebble costs Ishaan ₹16 to make and sells for ₹4. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹54 to make one fruit cup. On the last day Saanvi sells it for only ₹47. How much is the loss on one (in ₹)?
  23. 23.True or false: “money got from a sale” is the cost price. (a) True (b) False
  24. 24.It costs ₹29 to make one handmade card. Kavya sells it for ₹31. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹45 to make. Dev wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  26. 26.One handmade card costs Rohan ₹34 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.Kabir makes 23 glasses of chai at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.One glass of chai costs Zoya ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.It costs ₹55 to make one glass of chai. On the last day Dev sells it for only ₹50. How much is the loss on one (in ₹)?
  32. 32.One bag of popcorn costs ₹44 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost 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.Zoya makes 12 bags of popcorn at a cost of ₹28 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  37. 37.It costs ₹14 to make one handmade card. Meera sells it for ₹15. What is the profit on one (in ₹)?
  38. 38.True or false: “what you paid for it” is the selling price. (a) True (b) False
  39. 39.One bag of popcorn costs ₹8 to make. Joseph wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) False (b) True

Answer key

  1. what it cost you
  2. Profit
  3. 231
  4. what the buyer pays
  5. 51
  6. cost price
  7. True
  8. SP less than CP
  9. False
  10. selling price
  11. selling price
  12. 12
  13. 4
  14. 84
  15. 210
  16. 14
  17. 7
  18. 40
  19. 23
  20. 154
  21. Loss
  22. 7
  23. False
  24. 2
  25. 49
  26. Loss
  27. 92
  28. False
  29. Profit
  30. False
  31. 5
  32. 45
  33. cost price
  34. selling price
  35. SP more than CP
  36. 96
  37. 1
  38. False
  39. 10
  40. True

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