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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 575 · 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: “the price on your board” is the cost price. (a) True (b) False
  2. 2.It costs ₹45 to make one cup of lemonade. Meera sells it for ₹64. What is the profit on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  4. 4.It costs ₹56 to make one handmade card. On the last day Riya sells it for only ₹46. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.It costs ₹5 to make one cupcake. Nisha sells it for ₹7. What is the profit on one (in ₹)?
  7. 7.It costs ₹55 to make one clay diya. Lakshmi sells it for ₹67. What is the profit on one (in ₹)?
  8. 8.Gurpreet makes 9 glasses of chai at a cost of ₹16 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.One cup of lemonade costs Vihaan ₹18 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One friendship band costs ₹35 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.It costs ₹26 to make one potted plant. Meera sells it for ₹38. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  18. 18.One cupcake costs Zoya ₹38 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  19. 19.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  20. 20.It costs ₹54 to make one friendship band. Aarav sells it for ₹59. What is the profit on one (in ₹)?
  21. 21.One friendship band costs ₹18 to make. Ishaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹64 to make one bag of popcorn. On the last day Vihaan sells it for only ₹60. How much is the loss on one (in ₹)?
  23. 23.Saanvi makes 7 potted plants at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) True (b) False
  25. 25.True or false: “the price you sell at” is the selling price. (a) True (b) False
  26. 26.It costs ₹39 to make one cup of lemonade. Aarav sells it for ₹56. What is the profit on one (in ₹)?
  27. 27.It costs ₹24 to make one cup of lemonade. On the last day Ananya sells it for only ₹22. How much is the loss on one (in ₹)?
  28. 28.True or false: “cost of making one” is the cost price. (a) True (b) False
  29. 29.One glass of chai costs ₹33 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  31. 31.It costs ₹14 to make one bag of popcorn. Zoya sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.It costs ₹23 to make one jute bag. Arjun sells it for ₹41. What is the profit on one (in ₹)?
  33. 33.One bag of popcorn costs ₹43 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money spent to get it” is the cost price. (a) False (b) True
  35. 35.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  36. 36.It costs ₹22 to make one cupcake. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs Ishaan ₹60 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.One clay diya costs Ananya ₹50 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One glass of chai costs Tara ₹54 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. 19
  3. cost price
  4. 10
  5. selling price
  6. 2
  7. 12
  8. 117
  9. SP more than CP
  10. cost price
  11. Loss
  12. 54
  13. selling price
  14. True
  15. 12
  16. what it cost you
  17. cost price
  18. Loss
  19. what the buyer pays
  20. 5
  21. 30
  22. 4
  23. 63
  24. True
  25. True
  26. 17
  27. 2
  28. True
  29. 34
  30. cost price
  31. 13
  32. 18
  33. 61
  34. True
  35. SP less than CP
  36. 7
  37. Loss
  38. selling price
  39. Profit
  40. Profit

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