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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 829 · 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 ₹37 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  3. 3.Arjun makes 7 handmade cards at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  5. 5.One fruit cup costs Lakshmi ₹54 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.One handmade card costs Farhan ₹37 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  9. 9.Joseph makes 14 paper bookmarks at a cost of ₹6 each and sells all of them at ₹8 each. What is the total profit (in ₹)?
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.It costs ₹16 to make one potted plant. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  12. 12.True or false: “what a customer pays” is the cost price. (a) False (b) True
  13. 13.It costs ₹24 to make one fruit cup. Saanvi sells it for ₹39. What is the profit on one (in ₹)?
  14. 14.It costs ₹42 to make one paper bookmark. On the last day Aarav sells it for only ₹40. How much is the loss on one (in ₹)?
  15. 15.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  16. 16.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  17. 17.It costs ₹59 to make one cupcake. Farhan sells it for ₹64. What is the profit on one (in ₹)?
  18. 18.Nisha makes 6 cups of lemonade at a cost of ₹32 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  19. 19.One paper bookmark costs Kabir ₹21 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One cup of lemonade costs ₹5 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹11 to make one potted plant. Diya sells it for ₹30. What is the profit on one (in ₹)?
  22. 22.It costs ₹19 to make one glass of chai. Diya sells it for ₹30. What is the profit on one (in ₹)?
  23. 23.One friendship band costs ₹55 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  24. 24.It costs ₹11 to make one painted pebble. On the last day Lakshmi sells it for only ₹10. How much is the loss on one (in ₹)?
  25. 25.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  26. 26.One friendship band costs Ananya ₹57 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Joseph makes 26 painted pebbles at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  28. 28.It costs ₹46 to make one glass of chai. On the last day Aarav sells it for only ₹43. How much is the loss on one (in ₹)?
  29. 29.One cupcake costs Diya ₹46 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.It costs ₹51 to make one paper bookmark. Kavya sells it for ₹55. What is the profit on one (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  33. 33.It costs ₹28 to make one jute bag. Rohan sells it for ₹39. What is the profit on one (in ₹)?
  34. 34.It costs ₹24 to make one cup of lemonade. On the last day Kabir sells it for only ₹21. How much is the loss on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  36. 36.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  37. 37.It costs ₹51 to make one clay diya. Kavya sells it for ₹64. What is the profit on one (in ₹)?
  38. 38.It costs ₹9 to make one bag of popcorn. On the last day Meera sells it for only ₹7. How much is the loss on one (in ₹)?
  39. 39.One cupcake costs ₹9 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “money got from a sale” is the selling price. (a) False (b) True

Answer key

  1. Loss
  2. selling price
  3. 63
  4. what it cost you
  5. Loss
  6. cost price
  7. Loss
  8. selling price
  9. 28
  10. False
  11. 16
  12. False
  13. 15
  14. 2
  15. SP less than CP
  16. SP more than CP
  17. 5
  18. 60
  19. Profit
  20. 19
  21. 19
  22. 11
  23. 63
  24. 1
  25. what the buyer pays
  26. Loss
  27. 156
  28. 3
  29. Loss
  30. True
  31. 4
  32. False
  33. 11
  34. 3
  35. selling price
  36. cost price
  37. 13
  38. 2
  39. 24
  40. True

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