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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 699 · 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.True or false: “money got from a sale” is the cost price. (a) False (b) True
  2. 2.It costs ₹14 to make one cup of lemonade. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  3. 3.Kavya makes 13 painted pebbles at a cost of ₹12 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  5. 5.One friendship band costs Ananya ₹19 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.One bag of popcorn costs ₹44 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.One glass of chai costs ₹28 to make. Riya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹51 to make one paper bookmark. Gurpreet sells it for ₹69. What is the profit on one (in ₹)?
  9. 9.True or false: “money spent to get it” is the selling price. (a) False (b) True
  10. 10.One fruit cup costs Tara ₹21 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  12. 12.One handmade card costs Lakshmi ₹36 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.True or false: “cost of making one” is the cost price. (a) True (b) False
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.It costs ₹52 to make one cup of lemonade. On the last day Arjun sells it for only ₹42. How much is the loss on one (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  17. 17.True or false: “the price on your board” is the selling price. (a) False (b) True
  18. 18.It costs ₹39 to make one jute bag. On the last day Lakshmi sells it for only ₹34. How much is the loss on one (in ₹)?
  19. 19.One bag of popcorn costs Riya ₹20 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  21. 21.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  22. 22.One cupcake costs Riya ₹54 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹50 to make one cup of lemonade. Vihaan sells it for ₹68. What is the profit on one (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  25. 25.It costs ₹39 to make one cup of lemonade. On the last day Kabir sells it for only ₹37. How much is the loss on one (in ₹)?
  26. 26.It costs ₹30 to make one painted pebble. On the last day Tara sells it for only ₹22. How much is the loss on one (in ₹)?
  27. 27.One bag of popcorn costs Meera ₹16 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹34 to make one handmade card. Meera sells it for ₹45. What is the profit on one (in ₹)?
  29. 29.One friendship band costs ₹42 to make. Saanvi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  30. 30.One handmade card costs Kabir ₹60 to make and sells for ₹64. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “what a customer pays” is the selling price. (a) True (b) False
  32. 32.One glass of chai costs Joseph ₹52 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.True or false: “money got from a sale” is the selling price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  35. 35.It costs ₹34 to make one bag of popcorn. Meera sells it for ₹37. What is the profit on one (in ₹)?
  36. 36.It costs ₹47 to make one cup of lemonade. On the last day Farhan sells it for only ₹40. How much is the loss on one (in ₹)?
  37. 37.One friendship band costs ₹49 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs ₹54 to make. Ananya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.Tara makes 21 friendship bands at a cost of ₹19 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  40. 40.One friendship band costs Vihaan ₹35 to make and sells for ₹34. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. 4
  3. 169
  4. SP less than CP
  5. Loss
  6. 63
  7. 39
  8. 18
  9. False
  10. Loss
  11. what the buyer pays
  12. Loss
  13. True
  14. True
  15. 10
  16. SP more than CP
  17. True
  18. 5
  19. Loss
  20. what it cost you
  21. selling price
  22. Loss
  23. 18
  24. False
  25. 2
  26. 8
  27. Loss
  28. 11
  29. 56
  30. Profit
  31. True
  32. Profit
  33. True
  34. selling price
  35. 3
  36. 7
  37. 58
  38. 64
  39. 126
  40. Loss

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