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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 451 · 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 on your board” is the selling price. (a) False (b) True
  2. 2.It costs ₹15 to make one cup of lemonade. On the last day Kavya sells it for only ₹5. How much is the loss on one (in ₹)?
  3. 3.It costs ₹36 to make one bag of popcorn. Saanvi sells it for ₹41. What is the profit on one (in ₹)?
  4. 4.True or false: “cost of making one” is the cost price. (a) True (b) False
  5. 5.One jute bag costs Meera ₹39 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.It costs ₹47 to make one bag of popcorn. Gurpreet sells it for ₹65. What is the profit on one (in ₹)?
  8. 8.Ishaan makes 23 handmade cards at a cost of ₹30 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  9. 9.One glass of chai costs ₹18 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹42 to make one glass of chai. On the last day Meera sells it for only ₹35. How much is the loss on one (in ₹)?
  11. 11.It costs ₹17 to make one handmade card. Arjun sells it for ₹26. What is the profit on one (in ₹)?
  12. 12.Tara makes 8 jute bags at a cost of ₹20 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.Joseph makes 6 handmade cards at a cost of ₹27 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.One handmade card costs Gurpreet ₹19 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.One glass of chai costs ₹40 to make. Vihaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “what a customer pays” is the selling price. (a) True (b) False
  18. 18.True or false: “cost of making one” is the selling price. (a) True (b) False
  19. 19.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  20. 20.It costs ₹44 to make one paper bookmark. On the last day Kabir sells it for only ₹34. How much is the loss on one (in ₹)?
  21. 21.It costs ₹64 to make one painted pebble. On the last day Aarav sells it for only ₹58. How much is the loss on one (in ₹)?
  22. 22.Joseph makes 20 painted pebbles at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  25. 25.It costs ₹50 to make one cupcake. Dev sells it for ₹56. What is the profit on one (in ₹)?
  26. 26.True or false: “the price on your board” is the cost price. (a) True (b) False
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.It costs ₹59 to make one friendship band. Rohan sells it for ₹73. What is the profit on one (in ₹)?
  29. 29.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  30. 30.True or false: “money spent to get it” is the selling price. (a) False (b) True
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.It costs ₹20 to make one cup of lemonade. Diya sells it for ₹39. What is the profit on one (in ₹)?
  33. 33.It costs ₹60 to make one painted pebble. Diya sells it for ₹65. What is the profit on one (in ₹)?
  34. 34.It costs ₹34 to make one cup of lemonade. Ananya sells it for ₹51. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  36. 36.It costs ₹46 to make one cupcake. Ananya sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.It costs ₹47 to make one fruit cup. On the last day Tara sells it for only ₹41. How much is the loss on one (in ₹)?
  38. 38.One handmade card costs ₹48 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  40. 40.True or false: “money got from a sale” is the cost price. (a) True (b) False

Answer key

  1. True
  2. 10
  3. 5
  4. True
  5. Loss
  6. selling price
  7. 18
  8. 276
  9. 27
  10. 7
  11. 9
  12. 80
  13. 60
  14. cost price
  15. Loss
  16. 59
  17. True
  18. False
  19. what the buyer pays
  20. 10
  21. 6
  22. 200
  23. False
  24. cost price
  25. 6
  26. False
  27. True
  28. 14
  29. SP less than CP
  30. False
  31. False
  32. 19
  33. 5
  34. 17
  35. what it cost you
  36. 12
  37. 6
  38. 66
  39. True
  40. False

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