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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 49 · 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: “money spent to get it” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.Ishaan makes 25 cups of lemonade at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  7. 7.It costs ₹56 to make one jute bag. On the last day Kavya sells it for only ₹46. How much is the loss on one (in ₹)?
  8. 8.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  9. 9.Ishaan makes 28 jute bags at a cost of ₹33 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  10. 10.One jute bag costs Diya ₹57 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹13 to make one painted pebble. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  14. 14.True or false: “money got from a sale” is the cost price. (a) True (b) False
  15. 15.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  16. 16.One bag of popcorn costs Vihaan ₹28 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.True or false: “what a customer pays” is the cost price. (a) True (b) False
  18. 18.One clay diya costs ₹49 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  20. 20.One jute bag costs Farhan ₹30 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.It costs ₹43 to make one painted pebble. On the last day Gurpreet sells it for only ₹41. How much is the loss on one (in ₹)?
  23. 23.Gurpreet makes 17 potted plants at a cost of ₹34 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  26. 26.Rohan makes 30 potted plants at a cost of ₹16 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) False (b) True
  28. 28.Aarav makes 14 fruit cups at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  29. 29.It costs ₹20 to make one jute bag. Arjun sells it for ₹30. What is the profit on one (in ₹)?
  30. 30.One cupcake costs Diya ₹37 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One glass of chai costs Vihaan ₹25 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One bag of popcorn costs ₹38 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.Rohan makes 22 bags of popcorn at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  34. 34.It costs ₹22 to make one cup of lemonade. Meera sells it for ₹41. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  36. 36.One fruit cup costs Dev ₹59 to make and sells for ₹70. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.Kavya makes 15 glasses of chai at a cost of ₹30 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.Vihaan makes 11 fruit cups at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  40. 40.It costs ₹55 to make one painted pebble. Diya sells it for ₹64. What is the profit on one (in ₹)?

Answer key

  1. False
  2. cost price
  3. 300
  4. True
  5. selling price
  6. what the buyer pays
  7. 10
  8. SP less than CP
  9. 140
  10. Profit
  11. 5
  12. cost price
  13. selling price
  14. False
  15. SP more than CP
  16. Profit
  17. False
  18. 58
  19. selling price
  20. Profit
  21. True
  22. 2
  23. 34
  24. False
  25. what it cost you
  26. 90
  27. False
  28. 210
  29. 10
  30. Loss
  31. Loss
  32. 44
  33. 22
  34. 19
  35. cost price
  36. Profit
  37. 45
  38. True
  39. 88
  40. 9

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