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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 740 · 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.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.Kabir makes 8 painted pebbles at a cost of ₹5 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  6. 6.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  7. 7.Aarav makes 23 bags of popcorn at a cost of ₹24 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  8. 8.True or false: “cost of making one” is the selling price. (a) True (b) False
  9. 9.One cup of lemonade costs ₹11 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹20 to make one friendship band. On the last day Arjun sells it for only ₹17. How much is the loss on one (in ₹)?
  11. 11.One friendship band costs ₹39 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.Riya makes 16 bags of popcorn at a cost of ₹14 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  13. 13.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.One paper bookmark costs ₹56 to make. Nisha wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  16. 16.One glass of chai costs Nisha ₹40 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One glass of chai costs ₹31 to make. Farhan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  18. 18.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  19. 19.True or false: “what you paid for it” is the selling price. (a) False (b) True
  20. 20.Nisha makes 14 clay diyas at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  21. 21.It costs ₹37 to make one cupcake. Diya sells it for ₹54. What is the profit on one (in ₹)?
  22. 22.It costs ₹14 to make one painted pebble. Diya sells it for ₹29. What is the profit on one (in ₹)?
  23. 23.One clay diya costs Joseph ₹30 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹43 to make one handmade card. Vihaan sells it for ₹54. What is the profit on one (in ₹)?
  25. 25.True or false: “money got from a sale” is the cost price. (a) True (b) False
  26. 26.One cupcake costs Riya ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.One fruit cup costs ₹19 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.One glass of chai costs Rohan ₹23 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  31. 31.Nisha makes 7 paper bookmarks at a cost of ₹6 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  32. 32.One painted pebble costs Ishaan ₹27 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.Farhan makes 11 cupcakes at a cost of ₹36 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  34. 34.It costs ₹42 to make one friendship band. On the last day Aarav sells it for only ₹41. How much is the loss on one (in ₹)?
  35. 35.It costs ₹36 to make one jute bag. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  36. 36.It costs ₹28 to make one handmade card. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  38. 38.True or false: “money got from a sale” is the selling price. (a) True (b) False
  39. 39.One cup of lemonade costs Lakshmi ₹58 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.Lakshmi makes 14 bags of popcorn at a cost of ₹37 each and sells all of them at ₹41 each. What is the total profit (in ₹)?

Answer key

  1. what the buyer pays
  2. cost price
  3. 120
  4. selling price
  5. SP more than CP
  6. what it cost you
  7. 92
  8. False
  9. 31
  10. 3
  11. 40
  12. 80
  13. True
  14. True
  15. 72
  16. Loss
  17. 44
  18. SP less than CP
  19. False
  20. 126
  21. 17
  22. 15
  23. Profit
  24. 11
  25. False
  26. Loss
  27. 33
  28. selling price
  29. Loss
  30. False
  31. 28
  32. Profit
  33. 121
  34. 1
  35. 6
  36. 5
  37. cost price
  38. True
  39. Loss
  40. 56

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