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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 561 · 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 selling price. (a) False (b) True
  2. 2.True or false: “what you paid for it” is the cost price. (a) True (b) False
  3. 3.One bag of popcorn costs Tara ₹38 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  5. 5.It costs ₹33 to make one cupcake. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: money spent to get 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.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.One glass of chai costs ₹22 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹11 to make one handmade card. Ananya sells it for ₹12. What is the profit on one (in ₹)?
  13. 13.True or false: “money got from a sale” is the cost price. (a) False (b) True
  14. 14.It costs ₹59 to make one friendship band. Kavya sells it for ₹63. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  16. 16.True or false: “money spent to get it” is the selling price. (a) True (b) False
  17. 17.Farhan makes 29 potted plants at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  18. 18.One bag of popcorn costs ₹6 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  19. 19.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  20. 20.It costs ₹10 to make one friendship band. On the last day Lakshmi sells it for only ₹8. How much is the loss on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
  22. 22.True or false: “money spent to get it” is the cost price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.Joseph makes 25 paper bookmarks at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  25. 25.It costs ₹14 to make one cup of lemonade. Saanvi sells it for ₹22. What is the profit on one (in ₹)?
  26. 26.Riya makes 18 bags of popcorn at a cost of ₹7 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) False (b) True
  28. 28.Joseph makes 24 bags of popcorn at a cost of ₹17 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  29. 29.Diya makes 23 cupcakes at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  30. 30.One painted pebble costs ₹24 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.Zoya makes 7 glasses of chai at a cost of ₹9 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  33. 33.One painted pebble costs Rohan ₹19 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹7 to make one clay diya. Ananya sells it for ₹12. What is the profit on one (in ₹)?
  35. 35.Diya makes 11 potted plants at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.It costs ₹28 to make one paper bookmark. Vihaan sells it for ₹38. What is the profit on one (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  39. 39.One glass of chai costs ₹14 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.Kabir makes 17 glasses of chai at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. True
  3. Profit
  4. what it cost you
  5. 5
  6. False
  7. cost price
  8. SP less than CP
  9. SP more than CP
  10. False
  11. 28
  12. 1
  13. False
  14. 4
  15. selling price
  16. False
  17. 87
  18. 19
  19. what the buyer pays
  20. 2
  21. False
  22. True
  23. selling price
  24. 250
  25. 8
  26. 90
  27. True
  28. 168
  29. 23
  30. 26
  31. True
  32. 35
  33. Loss
  34. 5
  35. 143
  36. cost price
  37. 10
  38. True
  39. 15
  40. 119

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