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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 54 · 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.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  2. 2.One glass of chai costs ₹20 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “what a customer pays” is the cost price. (a) True (b) False
  4. 4.Rohan makes 20 friendship bands at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.It costs ₹6 to make one friendship band. Kabir sells it for ₹10. What is the profit on one (in ₹)?
  8. 8.One paper bookmark costs Tara ₹51 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One glass of chai costs ₹36 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  10. 10.One glass of chai costs ₹11 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  12. 12.One bag of popcorn costs ₹58 to make. Saanvi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “money spent to get it” is the selling price. (a) False (b) True
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.It costs ₹49 to make one bag of popcorn. Zoya sells it for ₹61. What is the profit on one (in ₹)?
  17. 17.It costs ₹45 to make one friendship band. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  18. 18.One jute bag costs ₹7 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  20. 20.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  21. 21.It costs ₹13 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹8. How much is the loss on one (in ₹)?
  22. 22.True or false: “money got from a sale” is the selling price. (a) True (b) False
  23. 23.Farhan makes 21 painted pebbles at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  24. 24.It costs ₹69 to make one handmade card. On the last day Tara sells it for only ₹60. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  26. 26.It costs ₹20 to make one friendship band. Kavya sells it for ₹24. What is the profit on one (in ₹)?
  27. 27.One bag of popcorn costs Aarav ₹28 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.It costs ₹45 to make one glass of chai. On the last day Farhan sells it for only ₹41. How much is the loss on one (in ₹)?
  29. 29.One painted pebble costs ₹23 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “what you paid for it” is the cost price. (a) False (b) True
  31. 31.True or false: “the price on your board” is the cost price. (a) False (b) True
  32. 32.One glass of chai costs ₹48 to make. Ananya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  34. 34.Ananya makes 24 cups of lemonade at a cost of ₹32 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  35. 35.Saanvi makes 11 clay diyas at a cost of ₹12 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  36. 36.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  37. 37.It costs ₹14 to make one bag of popcorn. Ishaan sells it for ₹20. What is the profit on one (in ₹)?
  38. 38.One friendship band costs ₹7 to make. Aarav wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP

Answer key

  1. what the buyer pays
  2. 39
  3. False
  4. 140
  5. True
  6. selling price
  7. 4
  8. Profit
  9. 41
  10. 12
  11. selling price
  12. 63
  13. False
  14. False
  15. False
  16. 12
  17. 9
  18. 10
  19. what it cost you
  20. True
  21. 5
  22. True
  23. 63
  24. 9
  25. cost price
  26. 4
  27. Profit
  28. 4
  29. 34
  30. True
  31. False
  32. 68
  33. cost price
  34. 288
  35. 22
  36. SP less than CP
  37. 6
  38. 27
  39. selling price
  40. SP more than CP

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