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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 520 · 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 got from a sale” is the cost price. (a) True (b) False
  2. 2.It costs ₹20 to make one potted plant. Ishaan sells it for ₹34. What is the profit on one (in ₹)?
  3. 3.Kavya makes 22 painted pebbles at a cost of ₹19 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  4. 4.It costs ₹57 to make one bag of popcorn. On the last day Aarav sells it for only ₹52. How much is the loss on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.True or false: “the price you sell at” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  9. 9.It costs ₹35 to make one clay diya. On the last day Gurpreet sells it for only ₹26. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  14. 14.It costs ₹26 to make one cup of lemonade. Riya sells it for ₹27. What is the profit on one (in ₹)?
  15. 15.One painted pebble costs Ananya ₹60 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  16. 16.True or false: “cost of making one” is the cost price. (a) False (b) True
  17. 17.True or false: “the price you sell at” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  19. 19.True or false: “what a customer pays” is the cost price. (a) False (b) True
  20. 20.One cupcake costs Ishaan ₹60 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One cup of lemonade costs ₹52 to make. Saanvi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  22. 22.Ananya makes 13 jute bags at a cost of ₹32 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  23. 23.It costs ₹13 to make one bag of popcorn. On the last day Kabir sells it for only ₹11. How much is the loss on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  25. 25.It costs ₹46 to make one cup of lemonade. Dev sells it for ₹54. What is the profit on one (in ₹)?
  26. 26.It costs ₹42 to make one potted plant. Meera sells it for ₹46. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  28. 28.Rohan makes 30 handmade cards at a cost of ₹18 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  29. 29.Farhan makes 29 bags of popcorn at a cost of ₹22 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  30. 30.One painted pebble costs ₹49 to make. Joseph wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “money spent to get it” is the selling price. (a) False (b) True
  32. 32.It costs ₹10 to make one fruit cup. Riya sells it for ₹23. What is the profit on one (in ₹)?
  33. 33.Kabir makes 5 glasses of chai at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  34. 34.One painted pebble costs ₹20 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  35. 35.One bag of popcorn costs Ishaan ₹60 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “what a customer pays” is the selling price. (a) True (b) False
  37. 37.One painted pebble costs ₹60 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  38. 38.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  39. 39.One painted pebble costs ₹26 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.One paper bookmark costs ₹46 to make. Zoya wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 14
  3. 308
  4. 5
  5. False
  6. False
  7. cost price
  8. SP less than CP
  9. 9
  10. cost price
  11. selling price
  12. selling price
  13. what the buyer pays
  14. 1
  15. Loss
  16. True
  17. True
  18. selling price
  19. False
  20. Loss
  21. 60
  22. 26
  23. 2
  24. what it cost you
  25. 8
  26. 4
  27. cost price
  28. 450
  29. 261
  30. 62
  31. False
  32. 13
  33. 15
  34. 34
  35. Loss
  36. True
  37. 78
  38. SP more than CP
  39. 32
  40. 58

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