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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 466 · 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.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  2. 2.One bag of popcorn costs Zoya ₹38 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹49 to make one cup of lemonade. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
  4. 4.It costs ₹43 to make one cup of lemonade. On the last day Ananya sells it for only ₹36. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  6. 6.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  7. 7.Diya makes 16 jute bags at a cost of ₹12 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  8. 8.It costs ₹34 to make one glass of chai. Meera sells it for ₹44. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.One jute bag costs ₹24 to make. Meera wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.One paper bookmark costs Aarav ₹20 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹33 to make one painted pebble. On the last day Tara sells it for only ₹29. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.One jute bag costs ₹12 to make. Zoya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  16. 16.It costs ₹8 to make one painted pebble. On the last day Meera sells it for only ₹6. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  18. 18.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  19. 19.One fruit cup costs ₹28 to make. Dev wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  20. 20.Aarav makes 10 cups of lemonade at a cost of ₹32 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.One handmade card costs ₹60 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “money got from a sale” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  25. 25.Aarav makes 16 bags of popcorn at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  26. 26.One paper bookmark costs Dev ₹21 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.True or false: “the price you sell at” is the cost price. (a) True (b) False
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.One handmade card costs Aarav ₹44 to make and sells for ₹45. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹30 to make one bag of popcorn. On the last day Tara sells it for only ₹20. How much is the loss on one (in ₹)?
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.Rohan makes 14 potted plants at a cost of ₹13 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  33. 33.It costs ₹22 to make one glass of chai. On the last day Joseph sells it for only ₹14. How much is the loss on one (in ₹)?
  34. 34.True or false: “cost of making one” is the selling price. (a) True (b) False
  35. 35.One paper bookmark costs ₹17 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹48 to make one cupcake. Kabir sells it for ₹51. What is the profit on one (in ₹)?
  37. 37.It costs ₹58 to make one potted plant. On the last day Tara sells it for only ₹57. How much is the loss on one (in ₹)?
  38. 38.True or false: “what a customer pays” is the selling price. (a) False (b) True
  39. 39.It costs ₹22 to make one glass of chai. On the last day Farhan sells it for only ₹20. How much is the loss on one (in ₹)?
  40. 40.It costs ₹33 to make one paper bookmark. On the last day Rohan sells it for only ₹32. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. Loss
  3. 10
  4. 7
  5. cost price
  6. what the buyer pays
  7. 176
  8. 10
  9. selling price
  10. 33
  11. cost price
  12. Profit
  13. 4
  14. selling price
  15. 14
  16. 2
  17. what it cost you
  18. SP less than CP
  19. 45
  20. 90
  21. True
  22. 66
  23. False
  24. selling price
  25. 128
  26. Loss
  27. False
  28. False
  29. Profit
  30. 10
  31. True
  32. 154
  33. 8
  34. False
  35. 30
  36. 3
  37. 1
  38. True
  39. 2
  40. 1

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