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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 712 · 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 or selling price: the price you sell at? (a) selling price (b) cost price
  2. 2.True or false: “the price you sell at” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.It costs ₹41 to make one handmade card. Joseph sells it for ₹44. What is the profit on one (in ₹)?
  7. 7.It costs ₹7 to make one cup of lemonade. Joseph sells it for ₹14. What is the profit on one (in ₹)?
  8. 8.True or false: “what a customer pays” is the cost price. (a) False (b) True
  9. 9.It costs ₹52 to make one handmade card. Dev sells it for ₹58. What is the profit on one (in ₹)?
  10. 10.True or false: “cost of making one” is the cost price. (a) False (b) True
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.True or false: “money spent to get it” is the selling price. (a) True (b) False
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  14. 14.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  15. 15.True or false: “what a customer pays” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  17. 17.One bag of popcorn costs Zoya ₹49 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One cup of lemonade costs ₹7 to make. Aarav wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹43 to make one cupcake. On the last day Meera sells it for only ₹41. How much is the loss on one (in ₹)?
  20. 20.Ananya makes 16 bags of popcorn at a cost of ₹20 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  21. 21.One paper bookmark costs ₹44 to make. Diya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  22. 22.Meera makes 23 glasses of chai at a cost of ₹8 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  23. 23.One handmade card costs Meera ₹39 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “money got from a sale” is the selling price. (a) False (b) True
  25. 25.True or false: “money spent to get it” is the cost price. (a) False (b) True
  26. 26.One glass of chai costs ₹19 to make. Kavya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹46 to make one cup of lemonade. On the last day Farhan sells it for only ₹45. How much is the loss on one (in ₹)?
  28. 28.It costs ₹18 to make one cup of lemonade. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  29. 29.It costs ₹50 to make one fruit cup. On the last day Ishaan sells it for only ₹48. How much is the loss on one (in ₹)?
  30. 30.One cup of lemonade costs ₹50 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  31. 31.Vihaan makes 22 cups of lemonade at a cost of ₹27 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  32. 32.It costs ₹13 to make one handmade card. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  33. 33.It costs ₹22 to make one clay diya. On the last day Ishaan sells it for only ₹13. How much is the loss on one (in ₹)?
  34. 34.It costs ₹44 to make one paper bookmark. On the last day Ishaan sells it for only ₹35. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.It costs ₹20 to make one glass of chai. Gurpreet sells it for ₹39. What is the profit on one (in ₹)?
  37. 37.It costs ₹9 to make one bag of popcorn. Nisha sells it for ₹24. What is the profit on one (in ₹)?
  38. 38.It costs ₹57 to make one glass of chai. On the last day Saanvi sells it for only ₹48. How much is the loss on one (in ₹)?
  39. 39.Kavya makes 26 painted pebbles at a cost of ₹19 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the selling price. (a) False (b) True

Answer key

  1. selling price
  2. False
  3. what it cost you
  4. SP more than CP
  5. False
  6. 3
  7. 7
  8. False
  9. 6
  10. True
  11. cost price
  12. False
  13. cost price
  14. what the buyer pays
  15. True
  16. cost price
  17. Loss
  18. 16
  19. 2
  20. 128
  21. 53
  22. 230
  23. Loss
  24. True
  25. True
  26. 24
  27. 1
  28. 6
  29. 2
  30. 70
  31. 154
  32. 3
  33. 9
  34. 9
  35. cost price
  36. 19
  37. 15
  38. 9
  39. 52
  40. False

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