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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 729 · 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: what a customer pays? (a) cost price (b) selling price
  2. 2.One cup of lemonade costs Nisha ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  5. 5.One jute bag costs Vihaan ₹37 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  7. 7.Aarav makes 11 fruit cups at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.True or false: “money got from a sale” is the selling price. (a) True (b) False
  10. 10.True or false: “the price you sell at” is the selling price. (a) True (b) False
  11. 11.One cup of lemonade costs ₹54 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.One handmade card costs Kabir ₹31 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  15. 15.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  16. 16.True or false: “what a customer pays” is the cost price. (a) True (b) False
  17. 17.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  18. 18.True or false: “what a customer pays” is the selling price. (a) False (b) True
  19. 19.It costs ₹22 to make one fruit cup. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  20. 20.It costs ₹25 to make one jute bag. Diya sells it for ₹39. What is the profit on one (in ₹)?
  21. 21.Ananya makes 15 cupcakes at a cost of ₹13 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  22. 22.One glass of chai costs Tara ₹18 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.It costs ₹59 to make one cup of lemonade. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?
  26. 26.Rohan makes 14 handmade cards at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  27. 27.It costs ₹13 to make one clay diya. On the last day Kabir sells it for only ₹9. How much is the loss on one (in ₹)?
  28. 28.One bag of popcorn costs ₹17 to make. Farhan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  29. 29.Farhan makes 25 fruit cups at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  30. 30.One cup of lemonade costs ₹59 to make. Lakshmi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹57 to make one painted pebble. Kavya sells it for ₹59. What is the profit on one (in ₹)?
  32. 32.It costs ₹16 to make one glass of chai. On the last day Rohan sells it for only ₹8. How much is the loss on one (in ₹)?
  33. 33.One jute bag costs ₹22 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹52 to make one bag of popcorn. Rohan sells it for ₹71. What is the profit on one (in ₹)?
  35. 35.Kabir makes 17 cupcakes at a cost of ₹32 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  36. 36.True or false: “the price on your board” is the selling price. (a) True (b) False
  37. 37.One friendship band costs ₹25 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  38. 38.True or false: “money spent to get it” is the selling price. (a) False (b) True
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.It costs ₹11 to make one painted pebble. On the last day Ishaan sells it for only ₹9. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. Profit
  3. cost price
  4. what it cost you
  5. Profit
  6. SP more than CP
  7. 11
  8. selling price
  9. True
  10. True
  11. 60
  12. False
  13. Loss
  14. what the buyer pays
  15. selling price
  16. False
  17. SP less than CP
  18. True
  19. 9
  20. 14
  21. 120
  22. Profit
  23. False
  24. False
  25. 5
  26. 28
  27. 4
  28. 33
  29. 25
  30. 76
  31. 2
  32. 8
  33. 23
  34. 19
  35. 238
  36. True
  37. 30
  38. False
  39. selling price
  40. 2

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