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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 625 · 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 ₹46 to make. Meera wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  2. 2.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  3. 3.It costs ₹44 to make one jute bag. On the last day Kavya sells it for only ₹34. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.Vihaan makes 30 painted pebbles at a cost of ₹16 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.True or false: “the price on your board” is the cost price. (a) True (b) False
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  11. 11.It costs ₹10 to make one cupcake. Diya sells it for ₹28. What is the profit on one (in ₹)?
  12. 12.It costs ₹9 to make one friendship band. Zoya sells it for ₹12. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹25 to make. Joseph wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.One paper bookmark costs ₹7 to make. Ananya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  18. 18.It costs ₹33 to make one jute bag. On the last day Farhan sells it for only ₹28. How much is the loss on one (in ₹)?
  19. 19.One jute bag costs ₹24 to make. Dev wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  20. 20.Lakshmi makes 29 glasses of chai at a cost of ₹11 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  21. 21.It costs ₹33 to make one bag of popcorn. Tara sells it for ₹36. What is the profit on one (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.One jute bag costs Farhan ₹26 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “money spent to get it” is the selling price. (a) False (b) True
  25. 25.It costs ₹52 to make one jute bag. On the last day Ishaan sells it for only ₹49. How much is the loss on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the selling price. (a) True (b) False
  27. 27.It costs ₹7 to make one fruit cup. Aarav sells it for ₹27. What is the profit on one (in ₹)?
  28. 28.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  29. 29.It costs ₹16 to make one painted pebble. On the last day Ishaan sells it for only ₹10. How much is the loss on one (in ₹)?
  30. 30.True or false: “money spent to get it” is the cost price. (a) False (b) True
  31. 31.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  32. 32.True or false: “the price you sell at” is the selling price. (a) False (b) True
  33. 33.Riya makes 7 jute bags at a cost of ₹19 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.One bag of popcorn costs Rohan ₹32 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.Joseph makes 13 cupcakes at a cost of ₹35 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  36. 36.It costs ₹52 to make one painted pebble. On the last day Meera sells it for only ₹51. How much is the loss on one (in ₹)?
  37. 37.It costs ₹48 to make one friendship band. Meera sells it for ₹63. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  39. 39.It costs ₹18 to make one cup of lemonade. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price

Answer key

  1. 64
  2. SP more than CP
  3. 10
  4. cost price
  5. 210
  6. cost price
  7. selling price
  8. False
  9. True
  10. True
  11. 18
  12. 3
  13. 39
  14. selling price
  15. True
  16. 10
  17. what it cost you
  18. 5
  19. 35
  20. 116
  21. 3
  22. False
  23. Profit
  24. False
  25. 3
  26. True
  27. 20
  28. what the buyer pays
  29. 6
  30. True
  31. False
  32. True
  33. 105
  34. Profit
  35. 26
  36. 1
  37. 15
  38. selling price
  39. 11
  40. cost price

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