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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 78 · 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.One paper bookmark costs ₹43 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.One cup of lemonade costs ₹33 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  7. 7.True or false: “what a customer pays” is the cost price. (a) True (b) False
  8. 8.It costs ₹45 to make one painted pebble. On the last day Vihaan sells it for only ₹36. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.True or false: “money got from a sale” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  12. 12.Gurpreet makes 20 glasses of chai at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  13. 13.One jute bag costs Saanvi ₹36 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  16. 16.One glass of chai costs ₹14 to make. Nisha wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  17. 17.One potted plant costs Saanvi ₹45 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Dev makes 9 glasses of chai at a cost of ₹11 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  19. 19.One painted pebble costs ₹14 to make. Vihaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  23. 23.One bag of popcorn costs ₹24 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  25. 25.It costs ₹46 to make one paper bookmark. Farhan sells it for ₹50. What is the profit on one (in ₹)?
  26. 26.It costs ₹20 to make one friendship band. On the last day Lakshmi sells it for only ₹18. How much is the loss on one (in ₹)?
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.Aarav makes 18 friendship bands at a cost of ₹22 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  29. 29.Joseph makes 25 cupcakes at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  30. 30.One jute bag costs ₹10 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  31. 31.Diya makes 19 paper bookmarks at a cost of ₹8 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  32. 32.Lakshmi makes 29 cups of lemonade at a cost of ₹23 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  33. 33.One bag of popcorn costs Diya ₹18 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  34. 34.It costs ₹50 to make one cupcake. On the last day Ananya sells it for only ₹43. How much is the loss on one (in ₹)?
  35. 35.One cup of lemonade costs ₹33 to make. Diya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  36. 36.One handmade card costs ₹19 to make. Ishaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  37. 37.One paper bookmark costs ₹7 to make. Diya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  38. 38.One cupcake costs Farhan ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  40. 40.Meera makes 20 bags of popcorn at a cost of ₹38 each and sells all of them at ₹45 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. 62
  3. cost price
  4. 38
  5. cost price
  6. what the buyer pays
  7. False
  8. 9
  9. selling price
  10. True
  11. selling price
  12. 260
  13. Loss
  14. True
  15. SP less than CP
  16. 21
  17. Loss
  18. 27
  19. 34
  20. cost price
  21. True
  22. what it cost you
  23. 34
  24. False
  25. 4
  26. 2
  27. True
  28. 270
  29. 200
  30. 25
  31. 95
  32. 116
  33. Profit
  34. 7
  35. 52
  36. 20
  37. 23
  38. Profit
  39. selling price
  40. 140

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