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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 722 · 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: “cost of making one” is the selling price. (a) True (b) False
  2. 2.True or false: “cost of making one” is the cost price. (a) True (b) False
  3. 3.It costs ₹30 to make one cupcake. Arjun sells it for ₹49. What is the profit on one (in ₹)?
  4. 4.It costs ₹68 to make one friendship band. On the last day Farhan sells it for only ₹59. How much is the loss on one (in ₹)?
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.True or false: “the price you sell at” is the cost price. (a) False (b) True
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  9. 9.It costs ₹22 to make one handmade card. On the last day Diya sells it for only ₹20. How much is the loss on one (in ₹)?
  10. 10.One painted pebble costs ₹6 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.One jute bag costs ₹42 to make. Nisha wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.It costs ₹26 to make one cup of lemonade. On the last day Riya sells it for only ₹19. How much is the loss on one (in ₹)?
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.It costs ₹60 to make one paper bookmark. Nisha sells it for ₹71. What is the profit on one (in ₹)?
  16. 16.Riya makes 13 clay diyas at a cost of ₹9 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price on your board” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the discount (d) the profit
  19. 19.One cup of lemonade costs ₹43 to make. Lakshmi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  20. 20.It costs ₹40 to make one cup of lemonade. Zoya sells it for ₹46. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  22. 22.Dev makes 27 potted plants at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  23. 23.Meera makes 9 glasses of chai at a cost of ₹35 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  24. 24.One fruit cup costs ₹6 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  25. 25.Dev makes 5 cupcakes at a cost of ₹29 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  26. 26.One painted pebble costs ₹20 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  27. 27.One handmade card costs Farhan ₹28 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One cup of lemonade costs ₹35 to make. Farhan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹38 to make one bag of popcorn. On the last day Riya sells it for only ₹32. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  31. 31.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  32. 32.True or false: “what a customer pays” is the selling price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.It costs ₹30 to make one bag of popcorn. Riya sells it for ₹38. What is the profit on one (in ₹)?
  35. 35.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  36. 36.It costs ₹28 to make one clay diya. Saanvi sells it for ₹33. What is the profit on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the selling price. (a) False (b) True
  38. 38.Nisha makes 17 bags of popcorn at a cost of ₹12 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  39. 39.It costs ₹31 to make one cup of lemonade. On the last day Zoya sells it for only ₹25. How much is the loss on one (in ₹)?
  40. 40.True or false: “what you paid for it” is the cost price. (a) True (b) False

Answer key

  1. False
  2. True
  3. 19
  4. 9
  5. False
  6. False
  7. False
  8. SP more than CP
  9. 2
  10. 12
  11. 51
  12. selling price
  13. 7
  14. True
  15. 11
  16. 156
  17. False
  18. what it cost you
  19. 46
  20. 6
  21. cost price
  22. 405
  23. 9
  24. 21
  25. 50
  26. 21
  27. Profit
  28. 46
  29. 6
  30. selling price
  31. cost price
  32. True
  33. cost price
  34. 8
  35. what the buyer pays
  36. 5
  37. False
  38. 238
  39. 6
  40. True

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