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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 442 · 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 means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  2. 2.It costs ₹53 to make one cup of lemonade. On the last day Kavya sells it for only ₹43. How much is the loss on one (in ₹)?
  3. 3.It costs ₹49 to make one bag of popcorn. On the last day Diya sells it for only ₹44. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  7. 7.It costs ₹25 to make one painted pebble. On the last day Ananya sells it for only ₹17. How much is the loss on one (in ₹)?
  8. 8.It costs ₹7 to make one painted pebble. Riya sells it for ₹20. What is the profit on one (in ₹)?
  9. 9.Ananya makes 29 glasses of chai at a cost of ₹23 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.One handmade card costs ₹20 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹10 to make one handmade card. Tara sells it for ₹14. What is the profit on one (in ₹)?
  13. 13.Kavya makes 21 friendship bands at a cost of ₹28 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  14. 14.It costs ₹50 to make one glass of chai. Kabir sells it for ₹52. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.Vihaan makes 18 cups of lemonade at a cost of ₹26 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  17. 17.True or false: “money spent to get it” is the cost price. (a) False (b) True
  18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
  19. 19.Vihaan makes 24 fruit cups at a cost of ₹14 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  20. 20.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  21. 21.One clay diya costs Diya ₹60 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.It costs ₹12 to make one paper bookmark. On the last day Arjun sells it for only ₹7. How much is the loss on one (in ₹)?
  23. 23.Arjun makes 27 handmade cards at a cost of ₹38 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  24. 24.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  25. 25.True or false: “cost of making one” is the selling price. (a) True (b) False
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.It costs ₹17 to make one handmade card. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  28. 28.One cupcake costs ₹40 to make. Zoya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.One handmade card costs Saanvi ₹27 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.It costs ₹13 to make one cup of lemonade. Riya sells it for ₹25. What is the profit on one (in ₹)?
  31. 31.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  32. 32.One painted pebble costs Meera ₹18 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.True or false: “the price you sell at” is the selling price. (a) False (b) True
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.Kavya makes 27 handmade cards at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  36. 36.True or false: “the price on your board” is the selling price. (a) False (b) True
  37. 37.It costs ₹31 to make one friendship band. On the last day Gurpreet sells it for only ₹27. How much is the loss on one (in ₹)?
  38. 38.It costs ₹25 to make one fruit cup. On the last day Ananya sells it for only ₹19. How much is the loss on one (in ₹)?
  39. 39.It costs ₹26 to make one painted pebble. On the last day Joseph sells it for only ₹23. How much is the loss on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) True (b) False

Answer key

  1. what it cost you
  2. 10
  3. 5
  4. cost price
  5. False
  6. cost price
  7. 8
  8. 13
  9. 58
  10. selling price
  11. 26
  12. 4
  13. 84
  14. 2
  15. selling price
  16. 198
  17. True
  18. True
  19. 144
  20. SP less than CP
  21. Loss
  22. 5
  23. 162
  24. SP more than CP
  25. False
  26. False
  27. 2
  28. 53
  29. Loss
  30. 12
  31. what the buyer pays
  32. Profit
  33. True
  34. True
  35. 162
  36. True
  37. 4
  38. 6
  39. 3
  40. False

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