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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 549 · 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 spent to get it” is the cost price. (a) True (b) False
  2. 2.Aarav makes 27 glasses of chai at a cost of ₹18 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  3. 3.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.It costs ₹39 to make one handmade card. On the last day Lakshmi sells it for only ₹35. How much is the loss on one (in ₹)?
  6. 6.True or false: “what a customer pays” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.True or false: “money got from a sale” is the cost price. (a) False (b) True
  9. 9.Ishaan makes 15 cupcakes at a cost of ₹24 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.True or false: “money spent to get it” is the selling price. (a) True (b) False
  12. 12.One jute bag costs Kavya ₹23 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.One bag of popcorn costs ₹44 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  15. 15.One potted plant costs Ananya ₹34 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  17. 17.It costs ₹36 to make one potted plant. Joseph sells it for ₹40. What is the profit on one (in ₹)?
  18. 18.One potted plant costs Saanvi ₹52 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.Arjun makes 30 cupcakes at a cost of ₹32 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  20. 20.It costs ₹10 to make one friendship band. On the last day Kabir sells it for only ₹7. How much is the loss on one (in ₹)?
  21. 21.One potted plant costs ₹22 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹66 to make one glass of chai. On the last day Diya sells it for only ₹57. How much is the loss on one (in ₹)?
  23. 23.One jute bag costs Aarav ₹28 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.One handmade card costs Vihaan ₹23 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹10 to make one bag of popcorn. Zoya sells it for ₹30. What is the profit on one (in ₹)?
  26. 26.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  27. 27.True or false: “what you paid for it” is the selling price. (a) False (b) True
  28. 28.It costs ₹18 to make one bag of popcorn. On the last day Nisha sells it for only ₹13. How much is the loss on one (in ₹)?
  29. 29.It costs ₹51 to make one cup of lemonade. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs ₹41 to make. Lakshmi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.One glass of chai costs Diya ₹16 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.One glass of chai costs Ananya ₹46 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.One cup of lemonade costs ₹46 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.One potted plant costs Saanvi ₹56 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One cupcake costs Diya ₹53 to make and sells for ₹68. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.One painted pebble costs ₹14 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “cost of making one” is the cost price. (a) False (b) True
  39. 39.One cup of lemonade costs Meera ₹60 to make and sells for ₹71. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Ishaan makes 11 potted plants at a cost of ₹37 each and sells all of them at ₹43 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. 162
  3. what the buyer pays
  4. cost price
  5. 4
  6. True
  7. cost price
  8. False
  9. 180
  10. selling price
  11. False
  12. Profit
  13. cost price
  14. 52
  15. Profit
  16. True
  17. 4
  18. Loss
  19. 210
  20. 3
  21. 24
  22. 9
  23. Loss
  24. Loss
  25. 20
  26. SP less than CP
  27. False
  28. 5
  29. 9
  30. 47
  31. cost price
  32. Profit
  33. Profit
  34. 57
  35. Loss
  36. Profit
  37. 32
  38. True
  39. Profit
  40. 66

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