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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 626 · 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.It costs ₹13 to make one glass of chai. On the last day Arjun sells it for only ₹11. How much is the loss on one (in ₹)?
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.One handmade card costs Meera ₹29 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One friendship band costs Rohan ₹58 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.One friendship band costs ₹14 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  9. 9.It costs ₹42 to make one fruit cup. On the last day Tara sells it for only ₹36. How much is the loss on one (in ₹)?
  10. 10.It costs ₹53 to make one paper bookmark. Farhan sells it for ₹60. What is the profit on one (in ₹)?
  11. 11.Lakshmi makes 9 glasses of chai at a cost of ₹19 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.Nisha makes 18 fruit cups at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  15. 15.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  16. 16.Riya makes 13 bags of popcorn at a cost of ₹30 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price you sell at” is the selling price. (a) False (b) True
  18. 18.True or false: “money got from a sale” is the selling price. (a) False (b) True
  19. 19.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  20. 20.One jute bag costs ₹10 to make. Joseph wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “money got from a sale” is the cost price. (a) True (b) False
  22. 22.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  23. 23.One potted plant costs Nisha ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹30 to make one jute bag. Dev sells it for ₹37. What is the profit on one (in ₹)?
  25. 25.It costs ₹60 to make one cup of lemonade. Rohan sells it for ₹78. What is the profit on one (in ₹)?
  26. 26.It costs ₹58 to make one bag of popcorn. On the last day Nisha sells it for only ₹56. How much is the loss on one (in ₹)?
  27. 27.It costs ₹52 to make one fruit cup. Rohan sells it for ₹60. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  29. 29.One friendship band costs ₹47 to make. Arjun wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹27 to make one handmade card. Zoya sells it for ₹28. What is the profit on one (in ₹)?
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.True or false: “the price on your board” is the selling price. (a) False (b) True
  33. 33.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  34. 34.One handmade card costs ₹8 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹56 to make one bag of popcorn. On the last day Rohan sells it for only ₹55. How much is the loss on one (in ₹)?
  36. 36.It costs ₹45 to make one glass of chai. Riya sells it for ₹51. What is the profit on one (in ₹)?
  37. 37.One jute bag costs Saanvi ₹42 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  39. 39.One paper bookmark costs Kabir ₹45 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “the price on your board” is the cost price. (a) True (b) False

Answer key

  1. 2
  2. cost price
  3. cost price
  4. selling price
  5. Loss
  6. Loss
  7. 18
  8. what the buyer pays
  9. 6
  10. 7
  11. 9
  12. False
  13. False
  14. 36
  15. SP more than CP
  16. 104
  17. True
  18. True
  19. what it cost you
  20. 28
  21. False
  22. SP less than CP
  23. Loss
  24. 7
  25. 18
  26. 2
  27. 8
  28. cost price
  29. 54
  30. 1
  31. False
  32. True
  33. False
  34. 22
  35. 1
  36. 6
  37. Loss
  38. selling price
  39. Profit
  40. False

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