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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 646 · 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.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  2. 2.It costs ₹15 to make one cup of lemonade. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  3. 3.Nisha makes 29 jute bags at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.True or false: “the price you sell at” is the cost price. (a) True (b) False
  6. 6.Diya makes 5 cupcakes at a cost of ₹18 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  7. 7.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  10. 10.One bag of popcorn costs ₹60 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “what you paid for it” is the selling price. (a) True (b) False
  12. 12.One cup of lemonade costs Kabir ₹60 to make and sells for ₹71. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹55 to make one cupcake. On the last day Ananya sells it for only ₹49. How much is the loss on one (in ₹)?
  14. 14.Rohan makes 12 cupcakes at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  15. 15.It costs ₹17 to make one handmade card. Ananya sells it for ₹24. What is the profit on one (in ₹)?
  16. 16.True or false: “money got from a sale” is the selling price. (a) False (b) True
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.True or false: “what you paid for it” is the cost price. (a) False (b) True
  19. 19.One potted plant costs ₹43 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.Nisha makes 20 friendship bands at a cost of ₹21 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  21. 21.It costs ₹33 to make one paper bookmark. Zoya sells it for ₹41. What is the profit on one (in ₹)?
  22. 22.It costs ₹63 to make one fruit cup. On the last day Lakshmi sells it for only ₹55. How much is the loss on one (in ₹)?
  23. 23.It costs ₹47 to make one handmade card. Saanvi sells it for ₹66. What is the profit on one (in ₹)?
  24. 24.One clay diya costs Kabir ₹60 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One handmade card costs Aarav ₹49 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.It costs ₹20 to make one potted plant. Nisha sells it for ₹29. What is the profit on one (in ₹)?
  27. 27.It costs ₹57 to make one clay diya. On the last day Meera sells it for only ₹51. How much is the loss on one (in ₹)?
  28. 28.One cup of lemonade costs ₹9 to make. Arjun wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  29. 29.One cup of lemonade costs Diya ₹45 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  31. 31.True or false: “cost of making one” is the cost price. (a) True (b) False
  32. 32.True or false: “the price you sell at” is the selling price. (a) True (b) False
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.True or false: “the price on your board” is the cost price. (a) True (b) False
  36. 36.One glass of chai costs ₹5 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  37. 37.One painted pebble costs Lakshmi ₹28 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  40. 40.It costs ₹44 to make one painted pebble. Diya sells it for ₹49. What is the profit on one (in ₹)?

Answer key

  1. what it cost you
  2. 6
  3. 435
  4. False
  5. False
  6. 60
  7. what the buyer pays
  8. cost price
  9. SP less than CP
  10. 64
  11. False
  12. Profit
  13. 6
  14. 96
  15. 7
  16. True
  17. cost price
  18. True
  19. 58
  20. 160
  21. 8
  22. 8
  23. 19
  24. Loss
  25. Profit
  26. 9
  27. 6
  28. 15
  29. Loss
  30. SP more than CP
  31. True
  32. True
  33. False
  34. False
  35. False
  36. 14
  37. Profit
  38. cost price
  39. selling price
  40. 5

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