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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 672 · 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) what the buyer pays (c) what it cost you (d) the discount
  2. 2.True or false: “what a customer pays” is the selling price. (a) True (b) False
  3. 3.Saanvi makes 7 bags of popcorn at a cost of ₹36 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  5. 5.One glass of chai costs ₹38 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price on your board” is the cost price. (a) False (b) True
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  9. 9.It costs ₹51 to make one paper bookmark. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.It costs ₹18 to make one handmade card. Kavya sells it for ₹33. What is the profit on one (in ₹)?
  12. 12.True or false: “cost of making one” is the cost price. (a) False (b) True
  13. 13.It costs ₹18 to make one painted pebble. Ishaan sells it for ₹36. What is the profit on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  16. 16.One bag of popcorn costs ₹15 to make. Nisha wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹15 to make one potted plant. Diya sells it for ₹16. What is the profit on one (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) False (b) True
  19. 19.One potted plant costs ₹11 to make. Nisha wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹38 to make one friendship band. Kavya sells it for ₹44. What is the profit on one (in ₹)?
  21. 21.Kabir makes 14 potted plants at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  23. 23.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  24. 24.It costs ₹15 to make one cup of lemonade. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  25. 25.Joseph makes 17 jute bags at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  26. 26.One glass of chai costs ₹29 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  27. 27.Ishaan makes 7 glasses of chai at a cost of ₹26 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  30. 30.One painted pebble costs ₹35 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.One painted pebble costs Kabir ₹17 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Kabir makes 30 paper bookmarks at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  35. 35.True or false: “the price you sell at” is the selling price. (a) False (b) True
  36. 36.One cupcake costs Diya ₹30 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹55 to make one fruit cup. Joseph sells it for ₹62. What is the profit on one (in ₹)?
  38. 38.It costs ₹55 to make one bag of popcorn. Kavya sells it for ₹61. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  40. 40.One glass of chai costs ₹12 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. True
  3. 56
  4. cost price
  5. 58
  6. False
  7. False
  8. SP more than CP
  9. 9
  10. False
  11. 15
  12. True
  13. 18
  14. SP less than CP
  15. selling price
  16. 26
  17. 1
  18. True
  19. 24
  20. 6
  21. 168
  22. True
  23. what the buyer pays
  24. 4
  25. 102
  26. 33
  27. 63
  28. selling price
  29. selling price
  30. 42
  31. cost price
  32. Profit
  33. 330
  34. selling price
  35. True
  36. Loss
  37. 7
  38. 6
  39. cost price
  40. 15

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