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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 402 · 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.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  2. 2.True or false: “the price on your board” is the selling price. (a) True (b) False
  3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
  4. 4.One bag of popcorn costs ₹41 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  5. 5.It costs ₹8 to make one potted plant. Ishaan sells it for ₹13. What is the profit on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  7. 7.One fruit cup costs Meera ₹42 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “cost of making one” is the cost price. (a) True (b) False
  9. 9.Farhan makes 23 cupcakes at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  10. 10.It costs ₹58 to make one bag of popcorn. On the last day Diya sells it for only ₹53. How much is the loss on one (in ₹)?
  11. 11.Ananya makes 12 fruit cups at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.True or false: “the price on your board” is the cost price. (a) True (b) False
  15. 15.It costs ₹61 to make one glass of chai. On the last day Gurpreet sells it for only ₹57. How much is the loss on one (in ₹)?
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  17. 17.It costs ₹26 to make one jute bag. Farhan sells it for ₹43. What is the profit on one (in ₹)?
  18. 18.One handmade card costs Aarav ₹25 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.True or false: “money spent to get it” is the selling price. (a) False (b) True
  20. 20.One handmade card costs Kavya ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.Farhan makes 17 handmade cards at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  23. 23.Tara makes 8 bags of popcorn at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  24. 24.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  25. 25.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  26. 26.One handmade card costs ₹33 to make. Joseph wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.Nisha makes 15 cupcakes at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  29. 29.One cupcake costs Vihaan ₹40 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹13 to make one painted pebble. Vihaan sells it for ₹25. What is the profit on one (in ₹)?
  31. 31.True or false: “cost of making one” is the selling price. (a) False (b) True
  32. 32.One bag of popcorn costs Kavya ₹43 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One handmade card costs Saanvi ₹21 to make and sells for ₹9. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One glass of chai costs Tara ₹55 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One fruit cup costs ₹32 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.Ananya makes 23 clay diyas at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  37. 37.One bag of popcorn costs Rohan ₹58 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One cup of lemonade costs Tara ₹56 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One friendship band costs ₹35 to make. Arjun wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.One handmade card costs ₹44 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. True
  3. True
  4. 50
  5. 5
  6. SP more than CP
  7. Profit
  8. True
  9. 23
  10. 5
  11. 180
  12. cost price
  13. cost price
  14. False
  15. 4
  16. True
  17. 17
  18. Loss
  19. False
  20. Loss
  21. 255
  22. selling price
  23. 24
  24. what the buyer pays
  25. SP less than CP
  26. 40
  27. 195
  28. what it cost you
  29. Profit
  30. 12
  31. False
  32. Profit
  33. Loss
  34. Profit
  35. 51
  36. 23
  37. Loss
  38. Loss
  39. 44
  40. 49

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