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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 532 · 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.One bag of popcorn costs ₹33 to make. Joseph wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.It costs ₹14 to make one fruit cup. Farhan sells it for ₹31. What is the profit on one (in ₹)?
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.It costs ₹14 to make one bag of popcorn. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  6. 6.It costs ₹38 to make one cupcake. Gurpreet sells it for ₹58. What is the profit on one (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  9. 9.One clay diya costs ₹14 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  10. 10.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  11. 11.True or false: “money spent to get it” is the selling price. (a) True (b) False
  12. 12.It costs ₹47 to make one jute bag. On the last day Nisha sells it for only ₹46. How much is the loss on one (in ₹)?
  13. 13.One paper bookmark costs Dev ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  16. 16.One clay diya costs ₹18 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “cost of making one” is the selling price. (a) True (b) False
  18. 18.True or false: “the price you sell at” is the cost price. (a) False (b) True
  19. 19.It costs ₹28 to make one fruit cup. Arjun sells it for ₹43. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price means… (a) the discount (b) what it cost you (c) what the buyer pays (d) the profit
  21. 21.One paper bookmark costs Ananya ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  24. 24.Zoya makes 17 friendship bands at a cost of ₹8 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  25. 25.It costs ₹57 to make one paper bookmark. Farhan sells it for ₹73. What is the profit on one (in ₹)?
  26. 26.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  27. 27.It costs ₹44 to make one friendship band. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
  28. 28.It costs ₹12 to make one paper bookmark. On the last day Nisha sells it for only ₹6. How much is the loss on one (in ₹)?
  29. 29.Meera makes 28 cups of lemonade at a cost of ₹34 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.It costs ₹18 to make one friendship band. Gurpreet sells it for ₹19. What is the profit on one (in ₹)?
  32. 32.True or false: “what you paid for it” is the cost price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.It costs ₹44 to make one cupcake. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  36. 36.It costs ₹42 to make one paper bookmark. Arjun sells it for ₹56. What is the profit on one (in ₹)?
  37. 37.Vihaan makes 9 friendship bands at a cost of ₹24 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  38. 38.It costs ₹55 to make one paper bookmark. Rohan sells it for ₹60. What is the profit on one (in ₹)?
  39. 39.It costs ₹58 to make one cup of lemonade. Farhan sells it for ₹70. What is the profit on one (in ₹)?
  40. 40.It costs ₹12 to make one cupcake. Farhan sells it for ₹30. What is the profit on one (in ₹)?

Answer key

  1. 49
  2. cost price
  3. 17
  4. False
  5. 9
  6. 20
  7. selling price
  8. SP more than CP
  9. 32
  10. SP less than CP
  11. False
  12. 1
  13. Profit
  14. what the buyer pays
  15. selling price
  16. 28
  17. False
  18. False
  19. 15
  20. what it cost you
  21. Loss
  22. selling price
  23. True
  24. 51
  25. 16
  26. False
  27. 6
  28. 6
  29. 252
  30. True
  31. 1
  32. True
  33. cost price
  34. 1
  35. cost price
  36. 14
  37. 27
  38. 5
  39. 12
  40. 18

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