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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 738 · 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 ₹43 to make one glass of chai. On the last day Nisha sells it for only ₹34. How much is the loss on one (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  4. 4.It costs ₹13 to make one painted pebble. Farhan sells it for ₹20. What is the profit on one (in ₹)?
  5. 5.True or false: “what you paid for it” is the selling price. (a) True (b) False
  6. 6.Rohan makes 17 painted pebbles at a cost of ₹33 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  7. 7.Kabir makes 20 cups of lemonade at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  8. 8.It costs ₹19 to make one jute bag. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.True or false: “what you paid for it” is the cost price. (a) False (b) True
  12. 12.Joseph makes 15 bags of popcorn at a cost of ₹18 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  13. 13.It costs ₹13 to make one fruit cup. Arjun sells it for ₹32. What is the profit on one (in ₹)?
  14. 14.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  15. 15.It costs ₹46 to make one painted pebble. Ishaan sells it for ₹61. What is the profit on one (in ₹)?
  16. 16.True or false: “money spent to get it” is the cost price. (a) True (b) False
  17. 17.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the loss (d) the stall fee
  18. 18.One fruit cup costs ₹43 to make. Ishaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹52 to make one glass of chai. On the last day Vihaan sells it for only ₹49. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price on your board” is the cost price. (a) False (b) True
  21. 21.One glass of chai costs Saanvi ₹47 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “money got from a sale” is the cost price. (a) True (b) False
  23. 23.True or false: “what a customer pays” is the cost price. (a) True (b) False
  24. 24.It costs ₹34 to make one friendship band. On the last day Dev sells it for only ₹31. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.It costs ₹35 to make one cupcake. On the last day Dev sells it for only ₹32. How much is the loss on one (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  29. 29.It costs ₹28 to make one handmade card. On the last day Zoya sells it for only ₹27. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  31. 31.One glass of chai costs ₹15 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹31 to make one cupcake. Farhan sells it for ₹35. What is the profit on one (in ₹)?
  33. 33.Riya makes 30 potted plants at a cost of ₹31 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  34. 34.It costs ₹13 to make one paper bookmark. On the last day Arjun sells it for only ₹7. How much is the loss on one (in ₹)?
  35. 35.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  36. 36.One jute bag costs ₹28 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  37. 37.Rohan makes 15 friendship bands at a cost of ₹9 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  38. 38.True or false: “the price you sell at” is the selling price. (a) True (b) False
  39. 39.It costs ₹28 to make one painted pebble. On the last day Nisha sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.One handmade card costs Diya ₹52 to make and sells for ₹49. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. cost price
  2. 9
  3. True
  4. 7
  5. False
  6. 255
  7. 260
  8. 12
  9. cost price
  10. selling price
  11. True
  12. 120
  13. 19
  14. SP less than CP
  15. 15
  16. True
  17. what the buyer pays
  18. 56
  19. 3
  20. False
  21. Profit
  22. False
  23. False
  24. 3
  25. selling price
  26. 3
  27. True
  28. selling price
  29. 1
  30. what it cost you
  31. 19
  32. 4
  33. 210
  34. 6
  35. SP more than CP
  36. 48
  37. 150
  38. True
  39. 2
  40. Loss

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