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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 431 · 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.One cup of lemonade costs ₹40 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  2. 2.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  3. 3.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.It costs ₹34 to make one paper bookmark. On the last day Kavya sells it for only ₹31. How much is the loss on one (in ₹)?
  6. 6.True or false: “what a customer pays” is the selling price. (a) True (b) False
  7. 7.It costs ₹63 to make one bag of popcorn. On the last day Riya sells it for only ₹58. How much is the loss on one (in ₹)?
  8. 8.One jute bag costs Riya ₹31 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.One jute bag costs Tara ₹31 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.It costs ₹68 to make one fruit cup. On the last day Ananya sells it for only ₹59. How much is the loss on one (in ₹)?
  13. 13.It costs ₹14 to make one friendship band. On the last day Zoya sells it for only ₹11. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  15. 15.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  16. 16.True or false: “money got from a sale” is the selling price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.It costs ₹37 to make one paper bookmark. Ishaan sells it for ₹47. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  20. 20.Vihaan makes 15 paper bookmarks at a cost of ₹38 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  21. 21.It costs ₹59 to make one paper bookmark. Ishaan sells it for ₹69. What is the profit on one (in ₹)?
  22. 22.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  23. 23.Kavya makes 25 bags of popcorn at a cost of ₹15 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  24. 24.Farhan makes 20 jute bags at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  25. 25.One paper bookmark costs Lakshmi ₹27 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.True or false: “what you paid for it” is the cost price. (a) True (b) False
  28. 28.True or false: “what a customer pays” is the cost price. (a) False (b) True
  29. 29.It costs ₹36 to make one jute bag. Kavya sells it for ₹49. What is the profit on one (in ₹)?
  30. 30.One cup of lemonade costs Vihaan ₹24 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.True or false: “cost of making one” is the selling price. (a) True (b) False
  32. 32.Aarav makes 21 paper bookmarks at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  33. 33.One potted plant costs ₹7 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹22 to make one potted plant. On the last day Saanvi sells it for only ₹14. How much is the loss on one (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) True (b) False
  36. 36.Nisha makes 9 potted plants at a cost of ₹30 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  37. 37.It costs ₹19 to make one bag of popcorn. On the last day Ishaan sells it for only ₹9. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  39. 39.It costs ₹60 to make one potted plant. Ananya sells it for ₹71. What is the profit on one (in ₹)?
  40. 40.Joseph makes 5 friendship bands at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?

Answer key

  1. 46
  2. SP less than CP
  3. SP more than CP
  4. cost price
  5. 3
  6. True
  7. 5
  8. Profit
  9. True
  10. selling price
  11. Profit
  12. 9
  13. 3
  14. cost price
  15. what it cost you
  16. True
  17. cost price
  18. 10
  19. selling price
  20. 15
  21. 10
  22. what the buyer pays
  23. 225
  24. 40
  25. Profit
  26. False
  27. True
  28. False
  29. 13
  30. Loss
  31. False
  32. 252
  33. 10
  34. 8
  35. True
  36. 63
  37. 10
  38. selling price
  39. 11
  40. 20

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