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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 541 · 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 fruit cup costs Kavya ₹24 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  5. 5.It costs ₹33 to make one bag of popcorn. Vihaan sells it for ₹48. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.One bag of popcorn costs ₹55 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  9. 9.One painted pebble costs ₹16 to make. Zoya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹5 to make one cup of lemonade. Ananya sells it for ₹8. What is the profit on one (in ₹)?
  11. 11.True or false: “money spent to get it” is the cost price. (a) False (b) True
  12. 12.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.True or false: “what a customer pays” is the cost price. (a) False (b) True
  16. 16.It costs ₹18 to make one potted plant. On the last day Rohan sells it for only ₹10. How much is the loss on one (in ₹)?
  17. 17.Meera makes 5 friendship bands at a cost of ₹15 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  18. 18.Rohan makes 10 clay diyas at a cost of ₹40 each and sells all of them at ₹55 each. What is the total profit (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.One handmade card costs Vihaan ₹49 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  24. 24.One cup of lemonade costs ₹30 to make. Zoya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹13 to make one potted plant. Nisha sells it for ₹16. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs Aarav ₹33 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One paper bookmark costs ₹23 to make. Nisha wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  28. 28.One handmade card costs ₹48 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.It costs ₹11 to make one clay diya. Saanvi sells it for ₹21. What is the profit on one (in ₹)?
  31. 31.It costs ₹22 to make one cupcake. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  32. 32.One painted pebble costs ₹28 to make. Riya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.One clay diya costs Meera ₹32 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.One clay diya costs Nisha ₹26 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.It costs ₹48 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹46. How much is the loss on one (in ₹)?
  37. 37.Kabir makes 25 handmade cards at a cost of ₹7 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  38. 38.It costs ₹5 to make one cup of lemonade. Dev sells it for ₹23. What is the profit on one (in ₹)?
  39. 39.It costs ₹21 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹18. How much is the loss on one (in ₹)?
  40. 40.True or false: “what a customer pays” is the selling price. (a) True (b) False

Answer key

  1. Profit
  2. SP more than CP
  3. cost price
  4. SP less than CP
  5. 15
  6. cost price
  7. 65
  8. what it cost you
  9. 32
  10. 3
  11. True
  12. what the buyer pays
  13. selling price
  14. selling price
  15. False
  16. 8
  17. 40
  18. 150
  19. True
  20. Loss
  21. selling price
  22. cost price
  23. False
  24. 42
  25. 3
  26. Loss
  27. 43
  28. 63
  29. False
  30. 10
  31. 9
  32. 31
  33. Loss
  34. True
  35. Profit
  36. 2
  37. 350
  38. 18
  39. 3
  40. True

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