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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 448 · 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) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  2. 2.It costs ₹13 to make one bag of popcorn. On the last day Arjun sells it for only ₹11. How much is the loss on one (in ₹)?
  3. 3.It costs ₹14 to make one potted plant. Meera sells it for ₹33. What is the profit on one (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) True (b) False
  5. 5.It costs ₹14 to make one friendship band. Rohan sells it for ₹23. What is the profit on one (in ₹)?
  6. 6.One handmade card costs ₹45 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  7. 7.True or false: “what you paid for it” is the cost price. (a) False (b) True
  8. 8.It costs ₹40 to make one painted pebble. On the last day Tara sells it for only ₹33. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.One painted pebble costs Nisha ₹55 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.One paper bookmark costs Zoya ₹41 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹18 to make one fruit cup. On the last day Kavya sells it for only ₹13. How much is the loss on one (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  16. 16.One glass of chai costs ₹30 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “money spent to get it” is the cost price. (a) False (b) True
  18. 18.One jute bag costs Gurpreet ₹36 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.Ishaan makes 7 glasses of chai at a cost of ₹37 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  20. 20.It costs ₹55 to make one fruit cup. Vihaan sells it for ₹59. What is the profit on one (in ₹)?
  21. 21.It costs ₹5 to make one paper bookmark. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.It costs ₹18 to make one glass of chai. Rohan sells it for ₹35. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  26. 26.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  27. 27.It costs ₹47 to make one fruit cup. Kabir sells it for ₹48. What is the profit on one (in ₹)?
  28. 28.One fruit cup costs Tara ₹59 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹46 to make one friendship band. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  30. 30.One cupcake costs ₹16 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹59 to make one cupcake. Zoya sells it for ₹69. What is the profit on one (in ₹)?
  32. 32.It costs ₹33 to make one jute bag. Zoya sells it for ₹41. What is the profit on one (in ₹)?
  33. 33.It costs ₹13 to make one glass of chai. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  34. 34.It costs ₹65 to make one paper bookmark. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  36. 36.Gurpreet makes 7 glasses of chai at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  37. 37.It costs ₹58 to make one handmade card. On the last day Saanvi sells it for only ₹51. How much is the loss on one (in ₹)?
  38. 38.One fruit cup costs ₹41 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) True (b) False
  40. 40.It costs ₹10 to make one bag of popcorn. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. 2
  3. 19
  4. False
  5. 9
  6. 56
  7. True
  8. 7
  9. cost price
  10. Loss
  11. Loss
  12. 5
  13. False
  14. cost price
  15. SP less than CP
  16. 44
  17. True
  18. Loss
  19. 56
  20. 4
  21. 15
  22. False
  23. 17
  24. cost price
  25. what the buyer pays
  26. SP more than CP
  27. 1
  28. Loss
  29. 5
  30. 31
  31. 10
  32. 8
  33. 3
  34. 8
  35. selling price
  36. 7
  37. 7
  38. 58
  39. False
  40. 5

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