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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 400 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  3. 3.It costs ₹23 to make one bag of popcorn. Saanvi sells it for ₹38. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.Farhan makes 5 cups of lemonade at a cost of ₹24 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  8. 8.Lakshmi makes 5 clay diyas at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  9. 9.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  10. 10.True or false: “cost of making one” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  12. 12.It costs ₹13 to make one cup of lemonade. Saanvi sells it for ₹19. What is the profit on one (in ₹)?
  13. 13.One fruit cup costs ₹26 to make. Saanvi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.It costs ₹19 to make one fruit cup. On the last day Arjun sells it for only ₹13. How much is the loss on one (in ₹)?
  18. 18.One jute bag costs Tara ₹18 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  20. 20.One friendship band costs ₹27 to make. Gurpreet wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) False (b) True
  22. 22.One painted pebble costs ₹50 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “what you paid for it” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.Ishaan makes 9 painted pebbles at a cost of ₹31 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  27. 27.One bag of popcorn costs Kavya ₹59 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  29. 29.Arjun makes 23 clay diyas at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  30. 30.One paper bookmark costs Aarav ₹20 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Zoya makes 25 glasses of chai at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.True or false: “money got from a sale” is the cost price. (a) True (b) False
  34. 34.It costs ₹36 to make one fruit cup. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  35. 35.It costs ₹51 to make one cup of lemonade. On the last day Farhan sells it for only ₹45. How much is the loss on one (in ₹)?
  36. 36.Ishaan makes 30 fruit cups at a cost of ₹26 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  37. 37.One cupcake costs Gurpreet ₹35 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “cost of making one” is the cost price. (a) True (b) False
  39. 39.It costs ₹66 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹56. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs Dev ₹30 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. cost price
  2. what the buyer pays
  3. 15
  4. selling price
  5. False
  6. selling price
  7. 50
  8. 20
  9. SP more than CP
  10. False
  11. cost price
  12. 6
  13. 41
  14. True
  15. SP less than CP
  16. selling price
  17. 6
  18. Loss
  19. False
  20. 31
  21. True
  22. 63
  23. False
  24. cost price
  25. selling price
  26. 27
  27. Profit
  28. what it cost you
  29. 138
  30. Loss
  31. 25
  32. True
  33. False
  34. 14
  35. 6
  36. 120
  37. Profit
  38. True
  39. 10
  40. Profit

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