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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 725 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.It costs ₹20 to make one cup of lemonade. Farhan sells it for ₹23. What is the profit on one (in ₹)?
  3. 3.It costs ₹18 to make one handmade card. On the last day Kavya sells it for only ₹10. How much is the loss on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  5. 5.One bag of popcorn costs ₹22 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  6. 6.Dev makes 11 jute bags at a cost of ₹14 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  7. 7.It costs ₹51 to make one painted pebble. On the last day Aarav sells it for only ₹45. How much is the loss on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  10. 10.One cup of lemonade costs ₹16 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.It costs ₹40 to make one glass of chai. On the last day Rohan sells it for only ₹31. How much is the loss on one (in ₹)?
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.True or false: “what you paid for it” is the selling price. (a) True (b) False
  18. 18.Tara makes 27 fruit cups at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  19. 19.True or false: “the price on your board” is the selling price. (a) False (b) True
  20. 20.True or false: “money spent to get it” is the selling price. (a) False (b) True
  21. 21.It costs ₹39 to make one handmade card. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  22. 22.It costs ₹47 to make one cupcake. On the last day Gurpreet sells it for only ₹44. How much is the loss on one (in ₹)?
  23. 23.It costs ₹11 to make one cup of lemonade. Ishaan sells it for ₹21. What is the profit on one (in ₹)?
  24. 24.It costs ₹34 to make one cupcake. Riya sells it for ₹44. What is the profit on one (in ₹)?
  25. 25.True or false: “cost of making one” is the selling price. (a) True (b) False
  26. 26.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  28. 28.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  29. 29.True or false: “money got from a sale” is the selling price. (a) True (b) False
  30. 30.One potted plant costs ₹26 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  31. 31.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.It costs ₹14 to make one bag of popcorn. Zoya sells it for ₹24. What is the profit on one (in ₹)?
  34. 34.True or false: “the price you sell at” is the selling price. (a) False (b) True
  35. 35.One handmade card costs ₹47 to make. Joseph wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  36. 36.Meera makes 7 cups of lemonade at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  37. 37.It costs ₹41 to make one glass of chai. Ananya sells it for ₹42. What is the profit on one (in ₹)?
  38. 38.It costs ₹22 to make one paper bookmark. Ananya sells it for ₹35. What is the profit on one (in ₹)?
  39. 39.One friendship band costs Ishaan ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “money got from a sale” is the cost price. (a) True (b) False

Answer key

  1. cost price
  2. 3
  3. 8
  4. selling price
  5. 41
  6. 44
  7. 6
  8. selling price
  9. SP less than CP
  10. 17
  11. True
  12. selling price
  13. cost price
  14. cost price
  15. 9
  16. True
  17. False
  18. 270
  19. True
  20. False
  21. 1
  22. 3
  23. 10
  24. 10
  25. False
  26. what the buyer pays
  27. cost price
  28. what it cost you
  29. True
  30. 40
  31. SP more than CP
  32. False
  33. 10
  34. True
  35. 55
  36. 77
  37. 1
  38. 13
  39. Profit
  40. False

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