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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 572 · 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 cup of lemonade costs Kavya ₹25 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.It costs ₹19 to make one paper bookmark. Meera sells it for ₹39. What is the profit on one (in ₹)?
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  7. 7.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  8. 8.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  9. 9.It costs ₹5 to make one clay diya. Aarav sells it for ₹14. What is the profit on one (in ₹)?
  10. 10.It costs ₹66 to make one glass of chai. On the last day Aarav sells it for only ₹56. How much is the loss on one (in ₹)?
  11. 11.One clay diya costs ₹11 to make. Saanvi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  12. 12.One painted pebble costs ₹16 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  15. 15.It costs ₹58 to make one bag of popcorn. Zoya sells it for ₹65. What is the profit on one (in ₹)?
  16. 16.It costs ₹49 to make one cup of lemonade. On the last day Dev sells it for only ₹46. How much is the loss on one (in ₹)?
  17. 17.It costs ₹59 to make one potted plant. Farhan sells it for ₹68. What is the profit on one (in ₹)?
  18. 18.One potted plant costs ₹46 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹46 to make one glass of chai. Dev sells it for ₹47. What is the profit on one (in ₹)?
  20. 20.Gurpreet makes 5 fruit cups at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  21. 21.It costs ₹60 to make one handmade card. Zoya sells it for ₹77. What is the profit on one (in ₹)?
  22. 22.Kavya makes 5 paper bookmarks at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  23. 23.It costs ₹24 to make one handmade card. Meera sells it for ₹35. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs Meera ₹26 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹67 to make one potted plant. On the last day Meera sells it for only ₹59. How much is the loss on one (in ₹)?
  26. 26.It costs ₹47 to make one bag of popcorn. On the last day Meera sells it for only ₹38. How much is the loss on one (in ₹)?
  27. 27.It costs ₹67 to make one handmade card. On the last day Aarav sells it for only ₹60. How much is the loss on one (in ₹)?
  28. 28.Ananya makes 14 cups of lemonade at a cost of ₹22 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  32. 32.True or false: “cost of making one” is the selling price. (a) False (b) True
  33. 33.True or false: “the price on your board” is the selling price. (a) False (b) True
  34. 34.One bag of popcorn costs ₹13 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  35. 35.One cupcake costs Saanvi ₹22 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹50 to make one jute bag. Ishaan sells it for ₹63. What is the profit on one (in ₹)?
  37. 37.It costs ₹43 to make one bag of popcorn. Meera sells it for ₹46. What is the profit on one (in ₹)?
  38. 38.Zoya makes 10 paper bookmarks at a cost of ₹30 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  39. 39.True or false: “money got from a sale” is the cost price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price

Answer key

  1. Profit
  2. cost price
  3. 20
  4. SP more than CP
  5. True
  6. selling price
  7. what the buyer pays
  8. SP less than CP
  9. 9
  10. 10
  11. 28
  12. 27
  13. what it cost you
  14. cost price
  15. 7
  16. 3
  17. 9
  18. 49
  19. 1
  20. 45
  21. 17
  22. 75
  23. 11
  24. Loss
  25. 8
  26. 9
  27. 7
  28. 168
  29. True
  30. cost price
  31. False
  32. False
  33. True
  34. 24
  35. Profit
  36. 13
  37. 3
  38. 10
  39. False
  40. selling price

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