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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 430 · 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 price you sell at” is the cost price. (a) False (b) True
  2. 2.One fruit cup costs ₹16 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  3. 3.One glass of chai costs ₹59 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹30 to make one bag of popcorn. Vihaan sells it for ₹41. What is the profit on one (in ₹)?
  5. 5.Nisha makes 5 cups of lemonade at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  6. 6.One potted plant costs ₹29 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹40 to make one glass of chai. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  9. 9.It costs ₹65 to make one fruit cup. On the last day Riya sells it for only ₹59. How much is the loss on one (in ₹)?
  10. 10.It costs ₹8 to make one paper bookmark. Ishaan sells it for ₹11. What is the profit on one (in ₹)?
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.Joseph makes 27 handmade cards at a cost of ₹28 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.One glass of chai costs Aarav ₹30 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  16. 16.One cup of lemonade costs Vihaan ₹30 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.It costs ₹57 to make one fruit cup. Kavya sells it for ₹73. What is the profit on one (in ₹)?
  18. 18.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  20. 20.Farhan makes 19 paper bookmarks at a cost of ₹25 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  21. 21.True or false: “money got from a sale” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  23. 23.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  24. 24.True or false: “money spent to get it” is the cost price. (a) True (b) False
  25. 25.One paper bookmark costs ₹43 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.True or false: “the price on your board” is the selling price. (a) True (b) False
  27. 27.Tara makes 27 cups of lemonade at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) False (b) True
  29. 29.True or false: “the price you sell at” is the selling price. (a) False (b) True
  30. 30.Riya makes 9 friendship bands at a cost of ₹39 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.It costs ₹49 to make one friendship band. On the last day Meera sells it for only ₹41. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  34. 34.It costs ₹45 to make one painted pebble. Saanvi sells it for ₹47. What is the profit on one (in ₹)?
  35. 35.One paper bookmark costs Dev ₹38 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.One clay diya costs ₹44 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹28 to make one handmade card. Kavya sells it for ₹47. What is the profit on one (in ₹)?
  39. 39.True or false: “what you paid for it” is the cost price. (a) False (b) True
  40. 40.One potted plant costs ₹43 to make. Kabir wants a profit of ₹9 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 22
  3. 70
  4. 11
  5. 25
  6. 35
  7. 9
  8. cost price
  9. 6
  10. 3
  11. False
  12. 54
  13. selling price
  14. Profit
  15. what it cost you
  16. Profit
  17. 16
  18. SP less than CP
  19. SP more than CP
  20. 228
  21. False
  22. cost price
  23. what the buyer pays
  24. True
  25. 45
  26. True
  27. 378
  28. False
  29. True
  30. 90
  31. True
  32. 8
  33. selling price
  34. 2
  35. Loss
  36. cost price
  37. 56
  38. 19
  39. True
  40. 52

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