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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 693 · 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.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  3. 3.It costs ₹47 to make one bag of popcorn. Meera sells it for ₹49. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.Vihaan makes 21 jute bags at a cost of ₹33 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  8. 8.One clay diya costs Riya ₹17 to make and sells for ₹8. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One jute bag costs Kabir ₹51 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.One clay diya costs ₹7 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “money spent to get it” is the selling price. (a) False (b) True
  12. 12.True or false: “what a customer pays” is the selling price. (a) False (b) True
  13. 13.Zoya makes 14 clay diyas at a cost of ₹23 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.One potted plant costs Riya ₹24 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.Ishaan makes 19 cups of lemonade at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  19. 19.True or false: “money spent to get it” is the cost price. (a) True (b) False
  20. 20.It costs ₹22 to make one bag of popcorn. On the last day Rohan sells it for only ₹20. How much is the loss on one (in ₹)?
  21. 21.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  22. 22.It costs ₹10 to make one friendship band. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  23. 23.It costs ₹31 to make one painted pebble. Kavya sells it for ₹37. What is the profit on one (in ₹)?
  24. 24.True or false: “money got from a sale” is the cost price. (a) True (b) False
  25. 25.It costs ₹16 to make one friendship band. Meera sells it for ₹31. What is the profit on one (in ₹)?
  26. 26.One painted pebble costs ₹48 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “the price on your board” is the cost price. (a) True (b) False
  28. 28.One glass of chai costs ₹29 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.One glass of chai costs Vihaan ₹17 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.One glass of chai costs ₹39 to make. Diya wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.It costs ₹45 to make one cup of lemonade. Saanvi sells it for ₹53. What is the profit on one (in ₹)?
  33. 33.It costs ₹38 to make one cup of lemonade. On the last day Arjun sells it for only ₹34. How much is the loss on one (in ₹)?
  34. 34.One potted plant costs Meera ₹56 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One friendship band costs ₹29 to make. Lakshmi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.True or false: “the price on your board” is the selling price. (a) True (b) False
  37. 37.It costs ₹45 to make one fruit cup. Tara sells it for ₹49. What is the profit on one (in ₹)?
  38. 38.One cup of lemonade costs Kabir ₹51 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One bag of popcorn costs ₹44 to make. Saanvi wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  40. 40.One bag of popcorn costs ₹28 to make. Saanvi wants a profit of ₹20 on each. What should the selling price be (in ₹)?

Answer key

  1. what the buyer pays
  2. what it cost you
  3. 2
  4. cost price
  5. selling price
  6. True
  7. 273
  8. Loss
  9. Loss
  10. 12
  11. False
  12. True
  13. 56
  14. selling price
  15. cost price
  16. selling price
  17. Loss
  18. 19
  19. True
  20. 2
  21. SP more than CP
  22. 4
  23. 6
  24. False
  25. 15
  26. 57
  27. False
  28. 37
  29. Profit
  30. 59
  31. cost price
  32. 8
  33. 4
  34. Profit
  35. 37
  36. True
  37. 4
  38. Loss
  39. 50
  40. 48

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