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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 375 · 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: what a customer pays? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.Gurpreet makes 19 glasses of chai at a cost of ₹7 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  4. 4.It costs ₹21 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  5. 5.Kabir makes 8 cups of lemonade at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  6. 6.Diya makes 14 cupcakes at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  7. 7.True or false: “money got from a sale” is the cost price. (a) False (b) True
  8. 8.One jute bag costs ₹16 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  10. 10.One bag of popcorn costs ₹16 to make. Vihaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  11. 11.One cupcake costs Lakshmi ₹47 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹45 to make one paper bookmark. On the last day Arjun sells it for only ₹38. How much is the loss on one (in ₹)?
  13. 13.One bag of popcorn costs ₹25 to make. Aarav wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  15. 15.One paper bookmark costs Lakshmi ₹39 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.It costs ₹33 to make one fruit cup. Ishaan sells it for ₹53. What is the profit on one (in ₹)?
  18. 18.It costs ₹13 to make one cupcake. Ishaan sells it for ₹25. What is the profit on one (in ₹)?
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  20. 20.One clay diya costs Meera ₹57 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  24. 24.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  25. 25.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  26. 26.One clay diya costs Farhan ₹46 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One jute bag costs ₹10 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  28. 28.True or false: “the price on your board” is the cost price. (a) False (b) True
  29. 29.True or false: “cost of making one” is the cost price. (a) True (b) False
  30. 30.It costs ₹30 to make one clay diya. Kabir sells it for ₹40. What is the profit on one (in ₹)?
  31. 31.One paper bookmark costs ₹5 to make. Rohan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “what a customer pays” is the selling price. (a) False (b) True
  33. 33.Ananya makes 11 jute bags at a cost of ₹17 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  34. 34.One bag of popcorn costs Zoya ₹29 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  36. 36.It costs ₹49 to make one painted pebble. On the last day Gurpreet sells it for only ₹45. How much is the loss on one (in ₹)?
  37. 37.True or false: “what a customer pays” is the cost price. (a) False (b) True
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.True or false: “money got from a sale” is the selling price. (a) False (b) True
  40. 40.It costs ₹58 to make one potted plant. Joseph sells it for ₹63. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. cost price
  3. 114
  4. 3
  5. 80
  6. 154
  7. False
  8. 31
  9. SP more than CP
  10. 28
  11. Loss
  12. 7
  13. 38
  14. selling price
  15. Profit
  16. cost price
  17. 20
  18. 12
  19. True
  20. Loss
  21. cost price
  22. selling price
  23. cost price
  24. what it cost you
  25. what the buyer pays
  26. Profit
  27. 20
  28. False
  29. True
  30. 10
  31. 15
  32. True
  33. 121
  34. Loss
  35. False
  36. 4
  37. False
  38. selling price
  39. True
  40. 5

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