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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 8 · 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: the price on your board? (a) selling price (b) cost price
  2. 2.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  3. 3.It costs ₹18 to make one painted pebble. On the last day Diya sells it for only ₹13. How much is the loss on one (in ₹)?
  4. 4.One glass of chai costs Zoya ₹22 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.Dev makes 25 painted pebbles at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  6. 6.Gurpreet makes 25 bags of popcorn at a cost of ₹35 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  7. 7.Meera makes 17 cups of lemonade at a cost of ₹38 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  8. 8.True or false: “the price on your board” is the cost price. (a) False (b) True
  9. 9.True or false: “money spent to get it” is the cost price. (a) True (b) False
  10. 10.It costs ₹58 to make one bag of popcorn. On the last day Ananya sells it for only ₹55. How much is the loss on one (in ₹)?
  11. 11.True or false: “cost of making one” is the selling price. (a) False (b) True
  12. 12.True or false: “what you paid for it” is the cost price. (a) True (b) False
  13. 13.One cupcake costs ₹52 to make. Ananya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  14. 14.Diya makes 24 bags of popcorn at a cost of ₹29 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  15. 15.Tara makes 8 fruit cups at a cost of ₹7 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  17. 17.True or false: “money got from a sale” is the cost price. (a) True (b) False
  18. 18.It costs ₹18 to make one clay diya. On the last day Diya sells it for only ₹8. How much is the loss on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the selling price. (a) True (b) False
  20. 20.One potted plant costs Joseph ₹49 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  22. 22.Zoya makes 15 potted plants at a cost of ₹12 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) False (b) True
  24. 24.Kavya makes 5 cups of lemonade at a cost of ₹31 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  25. 25.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  26. 26.One clay diya costs ₹40 to make. Zoya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “cost of making one” is the cost price. (a) True (b) False
  28. 28.Kabir makes 6 cups of lemonade at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  30. 30.It costs ₹53 to make one potted plant. Kabir sells it for ₹61. What is the profit on one (in ₹)?
  31. 31.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  32. 32.It costs ₹7 to make one jute bag. Diya sells it for ₹23. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  36. 36.It costs ₹41 to make one cupcake. Joseph sells it for ₹47. What is the profit on one (in ₹)?
  37. 37.One painted pebble costs Joseph ₹16 to make and sells for ₹2. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹44 to make one potted plant. Saanvi sells it for ₹61. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  40. 40.It costs ₹6 to make one painted pebble. Rohan sells it for ₹17. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. SP less than CP
  3. 5
  4. Profit
  5. 300
  6. 175
  7. 153
  8. False
  9. True
  10. 3
  11. False
  12. True
  13. 71
  14. 312
  15. 16
  16. cost price
  17. False
  18. 10
  19. False
  20. Profit
  21. SP more than CP
  22. 225
  23. True
  24. 30
  25. what it cost you
  26. 51
  27. True
  28. 66
  29. selling price
  30. 8
  31. what the buyer pays
  32. 16
  33. selling price
  34. False
  35. True
  36. 6
  37. Loss
  38. 17
  39. cost price
  40. 11

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