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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 396 · 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: money spent to get it? (a) cost price (b) selling price
  2. 2.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  3. 3.One handmade card costs Aarav ₹31 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.One handmade card costs Nisha ₹55 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹16 to make one fruit cup. Ananya sells it for ₹19. What is the profit on one (in ₹)?
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.Aarav makes 26 glasses of chai at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  9. 9.True or false: “the price on your board” is the cost price. (a) True (b) False
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.One friendship band costs Dev ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹41 to make one jute bag. Joseph sells it for ₹55. What is the profit on one (in ₹)?
  13. 13.Dev makes 6 cupcakes at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  14. 14.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  15. 15.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  16. 16.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  17. 17.Vihaan makes 5 cupcakes at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  18. 18.One cup of lemonade costs ₹9 to make. Saanvi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  21. 21.Meera makes 29 bags of popcorn at a cost of ₹9 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  24. 24.Zoya makes 5 handmade cards at a cost of ₹20 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  25. 25.It costs ₹9 to make one fruit cup. Vihaan sells it for ₹17. What is the profit on one (in ₹)?
  26. 26.One bag of popcorn costs Riya ₹60 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One fruit cup costs Rohan ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹32 to make one cupcake. On the last day Aarav sells it for only ₹29. How much is the loss on one (in ₹)?
  29. 29.It costs ₹12 to make one clay diya. On the last day Diya sells it for only ₹9. How much is the loss on one (in ₹)?
  30. 30.It costs ₹29 to make one cup of lemonade. Riya sells it for ₹37. What is the profit on one (in ₹)?
  31. 31.One handmade card costs ₹47 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  32. 32.Rohan makes 18 handmade cards at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  34. 34.Aarav makes 16 fruit cups at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  35. 35.One fruit cup costs ₹14 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹57 to make one bag of popcorn. On the last day Saanvi sells it for only ₹48. How much is the loss on one (in ₹)?
  37. 37.One cupcake costs Aarav ₹55 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.Farhan makes 5 friendship bands at a cost of ₹8 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  39. 39.True or false: “money spent to get it” is the selling price. (a) True (b) False
  40. 40.It costs ₹37 to make one glass of chai. On the last day Meera sells it for only ₹34. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. SP less than CP
  3. Profit
  4. cost price
  5. Profit
  6. 3
  7. False
  8. 286
  9. False
  10. True
  11. Loss
  12. 14
  13. 78
  14. what the buyer pays
  15. SP more than CP
  16. False
  17. 35
  18. 13
  19. selling price
  20. selling price
  21. 232
  22. False
  23. cost price
  24. 60
  25. 8
  26. Loss
  27. Profit
  28. 3
  29. 3
  30. 8
  31. 64
  32. 270
  33. selling price
  34. 64
  35. 19
  36. 9
  37. Profit
  38. 55
  39. False
  40. 3

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