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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 511 · 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.It costs ₹52 to make one bag of popcorn. Rohan sells it for ₹60. What is the profit on one (in ₹)?
  2. 2.One paper bookmark costs Aarav ₹53 to make and sells for ₹63. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.True or false: “cost of making one” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.It costs ₹32 to make one bag of popcorn. Diya sells it for ₹36. What is the profit on one (in ₹)?
  9. 9.Meera makes 11 potted plants at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  10. 10.One paper bookmark costs Rohan ₹20 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.It costs ₹28 to make one painted pebble. Kavya sells it for ₹35. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  14. 14.True or false: “what you paid for it” is the cost price. (a) True (b) False
  15. 15.True or false: “the price you sell at” is the cost price. (a) True (b) False
  16. 16.It costs ₹25 to make one potted plant. On the last day Kavya sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  18. 18.True or false: “what you paid for it” is the selling price. (a) True (b) False
  19. 19.True or false: “the price you sell at” is the selling price. (a) False (b) True
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  21. 21.It costs ₹41 to make one cup of lemonade. On the last day Kavya sells it for only ₹37. How much is the loss on one (in ₹)?
  22. 22.One cup of lemonade costs ₹37 to make. Meera wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  23. 23.One cup of lemonade costs ₹18 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹49 to make one potted plant. On the last day Farhan sells it for only ₹44. How much is the loss on one (in ₹)?
  25. 25.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  27. 27.It costs ₹18 to make one handmade card. On the last day Dev sells it for only ₹9. How much is the loss on one (in ₹)?
  28. 28.It costs ₹20 to make one painted pebble. Farhan sells it for ₹29. What is the profit on one (in ₹)?
  29. 29.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  30. 30.One jute bag costs Saanvi ₹34 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.Ishaan makes 19 potted plants at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.One friendship band costs ₹19 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  35. 35.One friendship band costs Meera ₹46 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹42 to make one cup of lemonade. On the last day Kavya sells it for only ₹41. How much is the loss on one (in ₹)?
  37. 37.Kabir makes 28 cups of lemonade at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  38. 38.It costs ₹53 to make one painted pebble. On the last day Aarav sells it for only ₹52. How much is the loss on one (in ₹)?
  39. 39.True or false: “cost of making one” is the cost price. (a) False (b) True
  40. 40.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss

Answer key

  1. 8
  2. Profit
  3. cost price
  4. False
  5. False
  6. what it cost you
  7. selling price
  8. 4
  9. 143
  10. Loss
  11. 7
  12. cost price
  13. selling price
  14. True
  15. False
  16. 6
  17. cost price
  18. False
  19. True
  20. cost price
  21. 4
  22. 56
  23. 22
  24. 5
  25. SP more than CP
  26. False
  27. 9
  28. 9
  29. SP less than CP
  30. Loss
  31. 133
  32. selling price
  33. selling price
  34. 37
  35. Profit
  36. 1
  37. 308
  38. 1
  39. True
  40. what the buyer pays

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