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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 681 · 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.Riya makes 29 cupcakes at a cost of ₹26 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  2. 2.It costs ₹22 to make one cup of lemonade. Farhan sells it for ₹34. What is the profit on one (in ₹)?
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.It costs ₹60 to make one paper bookmark. On the last day Gurpreet sells it for only ₹51. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  6. 6.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  7. 7.One cup of lemonade costs ₹19 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  13. 13.It costs ₹16 to make one jute bag. Farhan sells it for ₹27. What is the profit on one (in ₹)?
  14. 14.True or false: “the price you sell at” is the cost price. (a) True (b) False
  15. 15.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  16. 16.One cup of lemonade costs Gurpreet ₹44 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Nisha makes 26 cups of lemonade at a cost of ₹7 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.It costs ₹8 to make one paper bookmark. Tara sells it for ₹25. What is the profit on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.One glass of chai costs Lakshmi ₹18 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “what a customer pays” is the cost price. (a) False (b) True
  23. 23.True or false: “money spent to get it” is the selling price. (a) True (b) False
  24. 24.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  25. 25.It costs ₹6 to make one fruit cup. Diya sells it for ₹25. What is the profit on one (in ₹)?
  26. 26.It costs ₹42 to make one bag of popcorn. On the last day Dev sells it for only ₹34. How much is the loss on one (in ₹)?
  27. 27.It costs ₹29 to make one glass of chai. Ananya sells it for ₹35. What is the profit on one (in ₹)?
  28. 28.True or false: “what you paid for it” is the cost price. (a) True (b) False
  29. 29.It costs ₹17 to make one bag of popcorn. On the last day Ishaan sells it for only ₹7. How much is the loss on one (in ₹)?
  30. 30.True or false: “what you paid for it” is the selling price. (a) True (b) False
  31. 31.It costs ₹17 to make one bag of popcorn. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  32. 32.It costs ₹54 to make one potted plant. Vihaan sells it for ₹73. What is the profit on one (in ₹)?
  33. 33.It costs ₹21 to make one friendship band. On the last day Aarav sells it for only ₹15. How much is the loss on one (in ₹)?
  34. 34.One jute bag costs Lakshmi ₹39 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “cost of making one” is the selling price. (a) True (b) False
  36. 36.True or false: “the price on your board” is the selling price. (a) False (b) True
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  38. 38.Diya makes 24 fruit cups at a cost of ₹12 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  39. 39.It costs ₹50 to make one friendship band. Nisha sells it for ₹67. What is the profit on one (in ₹)?
  40. 40.It costs ₹49 to make one jute bag. Kavya sells it for ₹56. What is the profit on one (in ₹)?

Answer key

  1. 87
  2. 12
  3. True
  4. 9
  5. what it cost you
  6. SP less than CP
  7. 25
  8. selling price
  9. selling price
  10. selling price
  11. False
  12. cost price
  13. 11
  14. False
  15. SP more than CP
  16. Profit
  17. 260
  18. cost price
  19. 17
  20. True
  21. Loss
  22. False
  23. False
  24. what the buyer pays
  25. 19
  26. 8
  27. 6
  28. True
  29. 10
  30. False
  31. 11
  32. 19
  33. 6
  34. Loss
  35. False
  36. True
  37. cost price
  38. 72
  39. 17
  40. 7

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