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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 723 · 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: “what you paid for it” is the selling price. (a) True (b) False
  2. 2.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  6. 6.True or false: “money spent to get it” is the cost price. (a) False (b) True
  7. 7.True or false: “the price on your board” is the cost price. (a) False (b) True
  8. 8.It costs ₹29 to make one painted pebble. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  9. 9.It costs ₹36 to make one fruit cup. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  11. 11.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  12. 12.One bag of popcorn costs ₹50 to make. Aarav wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  13. 13.One cupcake costs ₹40 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  14. 14.Ananya makes 18 cups of lemonade at a cost of ₹12 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  17. 17.True or false: “what a customer pays” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.It costs ₹11 to make one potted plant. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  20. 20.It costs ₹13 to make one handmade card. Meera sells it for ₹26. What is the profit on one (in ₹)?
  21. 21.It costs ₹39 to make one potted plant. On the last day Zoya sells it for only ₹34. How much is the loss on one (in ₹)?
  22. 22.Kabir makes 11 handmade cards at a cost of ₹19 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.True or false: “the price on your board” is the selling price. (a) True (b) False
  26. 26.It costs ₹6 to make one bag of popcorn. Tara sells it for ₹15. What is the profit on one (in ₹)?
  27. 27.One cup of lemonade costs ₹35 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.It costs ₹36 to make one cupcake. On the last day Gurpreet sells it for only ₹30. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  31. 31.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  32. 32.It costs ₹24 to make one bag of popcorn. On the last day Farhan sells it for only ₹17. How much is the loss on one (in ₹)?
  33. 33.One painted pebble costs Riya ₹55 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Vihaan makes 29 cupcakes at a cost of ₹19 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  35. 35.Meera makes 24 glasses of chai at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  36. 36.It costs ₹34 to make one painted pebble. Aarav sells it for ₹37. What is the profit on one (in ₹)?
  37. 37.Diya makes 15 painted pebbles at a cost of ₹20 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  38. 38.One painted pebble costs ₹49 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  39. 39.One handmade card costs Kavya ₹48 to make and sells for ₹54. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Dev makes 6 painted pebbles at a cost of ₹31 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. what the buyer pays
  3. cost price
  4. False
  5. SP less than CP
  6. True
  7. False
  8. 19
  9. 4
  10. cost price
  11. cost price
  12. 62
  13. 48
  14. 180
  15. False
  16. cost price
  17. True
  18. selling price
  19. 6
  20. 13
  21. 5
  22. 143
  23. what it cost you
  24. selling price
  25. True
  26. 9
  27. 54
  28. 6
  29. selling price
  30. selling price
  31. SP more than CP
  32. 7
  33. Loss
  34. 145
  35. 72
  36. 3
  37. 165
  38. 53
  39. Profit
  40. 48

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