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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 514 · 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) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  2. 2.One bag of popcorn costs Rohan ₹51 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹21 to make one paper bookmark. On the last day Kabir sells it for only ₹14. How much is the loss on one (in ₹)?
  4. 4.It costs ₹26 to make one glass of chai. Arjun sells it for ₹30. What is the profit on one (in ₹)?
  5. 5.One jute bag costs ₹21 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹34 to make one cup of lemonade. On the last day Tara sells it for only ₹27. How much is the loss on one (in ₹)?
  7. 7.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  11. 11.It costs ₹15 to make one friendship band. Arjun sells it for ₹23. What is the profit on one (in ₹)?
  12. 12.One jute bag costs ₹9 to make. Rohan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  13. 13.One glass of chai costs Farhan ₹32 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.Saanvi makes 20 jute bags at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  15. 15.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  16. 16.One cup of lemonade costs ₹17 to make. Lakshmi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  17. 17.One paper bookmark costs ₹52 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.True or false: “the price you sell at” is the selling price. (a) True (b) False
  20. 20.One clay diya costs ₹33 to make. Tara wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹17 to make one handmade card. On the last day Ishaan sells it for only ₹9. How much is the loss on one (in ₹)?
  22. 22.One fruit cup costs ₹15 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  25. 25.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  26. 26.One friendship band costs ₹5 to make. Rohan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  27. 27.One cupcake costs ₹49 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  28. 28.One cup of lemonade costs Diya ₹42 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹12 to make one painted pebble. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  30. 30.True or false: “money got from a sale” is the cost price. (a) True (b) False
  31. 31.One bag of popcorn costs Vihaan ₹51 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹29 to make one fruit cup. On the last day Saanvi sells it for only ₹26. How much is the loss on one (in ₹)?
  33. 33.Ananya makes 23 potted plants at a cost of ₹9 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  34. 34.It costs ₹37 to make one fruit cup. On the last day Kavya sells it for only ₹32. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  36. 36.It costs ₹41 to make one paper bookmark. Zoya sells it for ₹58. What is the profit on one (in ₹)?
  37. 37.It costs ₹8 to make one fruit cup. Zoya sells it for ₹27. What is the profit on one (in ₹)?
  38. 38.Rohan makes 30 potted plants at a cost of ₹28 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  39. 39.One handmade card costs ₹37 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.One handmade card costs Tara ₹41 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP more than CP
  2. Loss
  3. 7
  4. 4
  5. 23
  6. 7
  7. what the buyer pays
  8. selling price
  9. cost price
  10. selling price
  11. 8
  12. 11
  13. Profit
  14. 140
  15. what it cost you
  16. 19
  17. 69
  18. True
  19. True
  20. 50
  21. 8
  22. 31
  23. False
  24. cost price
  25. True
  26. 8
  27. 66
  28. Loss
  29. 2
  30. False
  31. Loss
  32. 3
  33. 184
  34. 5
  35. selling price
  36. 17
  37. 19
  38. 210
  39. 38
  40. Loss

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