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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 809 · 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.One bag of popcorn costs Ananya ₹44 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.Riya makes 21 cupcakes at a cost of ₹24 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  3. 3.One cupcake costs Meera ₹17 to make and sells for ₹2. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.One fruit cup costs Meera ₹35 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.It costs ₹41 to make one glass of chai. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  8. 8.True or false: “cost of making one” is the cost price. (a) True (b) False
  9. 9.One paper bookmark costs Diya ₹41 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.Aarav makes 26 friendship bands at a cost of ₹8 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  11. 11.It costs ₹31 to make one handmade card. Kavya sells it for ₹40. What is the profit on one (in ₹)?
  12. 12.It costs ₹37 to make one bag of popcorn. Diya sells it for ₹47. What is the profit on one (in ₹)?
  13. 13.It costs ₹25 to make one cupcake. On the last day Kabir sells it for only ₹19. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  15. 15.It costs ₹8 to make one clay diya. Tara sells it for ₹28. What is the profit on one (in ₹)?
  16. 16.It costs ₹27 to make one handmade card. Meera sells it for ₹41. What is the profit on one (in ₹)?
  17. 17.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  18. 18.It costs ₹26 to make one friendship band. Rohan sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.One bag of popcorn costs ₹54 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.One paper bookmark costs ₹31 to make. Saanvi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹51 to make one cup of lemonade. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  23. 23.It costs ₹21 to make one bag of popcorn. Ananya sells it for ₹41. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.True or false: “money got from a sale” is the cost price. (a) True (b) False
  27. 27.True or false: “the price you sell at” is the cost price. (a) True (b) False
  28. 28.One painted pebble costs Tara ₹43 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹36 to make one cup of lemonade. On the last day Kavya sells it for only ₹31. How much is the loss on one (in ₹)?
  30. 30.One glass of chai costs ₹40 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹53 to make one cup of lemonade. Joseph sells it for ₹66. What is the profit on one (in ₹)?
  32. 32.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  33. 33.It costs ₹55 to make one cup of lemonade. On the last day Saanvi sells it for only ₹53. How much is the loss on one (in ₹)?
  34. 34.One potted plant costs Farhan ₹47 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One handmade card costs Zoya ₹56 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One bag of popcorn costs ₹40 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  37. 37.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  38. 38.It costs ₹57 to make one cup of lemonade. Arjun sells it for ₹69. What is the profit on one (in ₹)?
  39. 39.Ishaan makes 18 potted plants at a cost of ₹27 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.True or false: “the price you sell at” is the selling price. (a) False (b) True

Answer key

  1. Loss
  2. 21
  3. Loss
  4. selling price
  5. Loss
  6. cost price
  7. 7
  8. True
  9. Profit
  10. 390
  11. 9
  12. 10
  13. 6
  14. selling price
  15. 20
  16. 14
  17. what the buyer pays
  18. 5
  19. cost price
  20. 68
  21. 41
  22. 9
  23. 20
  24. what it cost you
  25. cost price
  26. False
  27. False
  28. Loss
  29. 5
  30. 54
  31. 13
  32. SP less than CP
  33. 2
  34. Loss
  35. Loss
  36. 54
  37. SP more than CP
  38. 12
  39. 72
  40. True

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