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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 679 · 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.Zoya makes 19 bags of popcorn at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  4. 4.True or false: “the price you sell at” is the selling price. (a) True (b) False
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.One bag of popcorn costs Kavya ₹59 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.It costs ₹32 to make one cupcake. Tara sells it for ₹41. What is the profit on one (in ₹)?
  10. 10.True or false: “the price on your board” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  12. 12.One cup of lemonade costs Nisha ₹17 to make and sells for ₹5. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  15. 15.One friendship band costs Nisha ₹23 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹39 to make one glass of chai. On the last day Joseph sells it for only ₹38. How much is the loss on one (in ₹)?
  17. 17.It costs ₹43 to make one clay diya. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  18. 18.It costs ₹40 to make one friendship band. Rohan sells it for ₹55. What is the profit on one (in ₹)?
  19. 19.True or false: “the price you sell at” is the cost price. (a) False (b) True
  20. 20.One paper bookmark costs ₹5 to make. Dev wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹15 to make one paper bookmark. Kabir sells it for ₹30. What is the profit on one (in ₹)?
  22. 22.One clay diya costs ₹13 to make. Dev wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  23. 23.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.It costs ₹60 to make one cup of lemonade. On the last day Vihaan sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.One bag of popcorn costs Farhan ₹16 to make and sells for ₹3. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Saanvi makes 30 cupcakes at a cost of ₹27 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  28. 28.One bag of popcorn costs Gurpreet ₹55 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.It costs ₹62 to make one jute bag. On the last day Lakshmi sells it for only ₹54. How much is the loss on one (in ₹)?
  31. 31.It costs ₹18 to make one friendship band. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.It costs ₹53 to make one paper bookmark. On the last day Vihaan sells it for only ₹47. How much is the loss on one (in ₹)?
  34. 34.True or false: “money spent to get it” is the selling price. (a) True (b) False
  35. 35.It costs ₹17 to make one fruit cup. On the last day Vihaan sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.One handmade card costs Zoya ₹55 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹60 to make one cupcake. Tara sells it for ₹62. What is the profit on one (in ₹)?
  38. 38.It costs ₹25 to make one handmade card. On the last day Nisha sells it for only ₹15. How much is the loss on one (in ₹)?
  39. 39.Zoya makes 5 clay diyas at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.One jute bag costs Tara ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. 247
  2. cost price
  3. what the buyer pays
  4. True
  5. selling price
  6. what it cost you
  7. True
  8. Loss
  9. 9
  10. False
  11. selling price
  12. Loss
  13. cost price
  14. selling price
  15. Loss
  16. 1
  17. 1
  18. 15
  19. False
  20. 22
  21. 15
  22. 27
  23. SP less than CP
  24. False
  25. 6
  26. Loss
  27. 150
  28. Loss
  29. cost price
  30. 8
  31. 4
  32. True
  33. 6
  34. False
  35. 6
  36. Profit
  37. 2
  38. 10
  39. 55
  40. Profit

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