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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 857 · 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: “the price on your board” is the selling price. (a) False (b) True
  2. 2.One bag of popcorn costs ₹12 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.True or false: “money got from a sale” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.Arjun makes 15 fruit cups at a cost of ₹11 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  8. 8.It costs ₹9 to make one handmade card. On the last day Joseph sells it for only ₹6. How much is the loss on one (in ₹)?
  9. 9.It costs ₹34 to make one clay diya. Nisha sells it for ₹42. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  11. 11.True or false: “the price you sell at” is the cost price. (a) False (b) True
  12. 12.True or false: “what a customer pays” is the selling price. (a) True (b) False
  13. 13.One painted pebble costs ₹56 to make. Zoya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.One glass of chai costs Zoya ₹32 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  16. 16.Farhan makes 15 paper bookmarks at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  17. 17.One painted pebble costs ₹32 to make. Ishaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  20. 20.Ananya makes 15 glasses of chai at a cost of ₹16 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  21. 21.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  22. 22.It costs ₹57 to make one handmade card. Tara sells it for ₹75. What is the profit on one (in ₹)?
  23. 23.True or false: “money spent to get it” is the cost price. (a) True (b) False
  24. 24.True or false: “the price you sell at” is the selling price. (a) True (b) False
  25. 25.One cup of lemonade costs Dev ₹16 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.It costs ₹42 to make one friendship band. Kavya sells it for ₹49. What is the profit on one (in ₹)?
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  29. 29.It costs ₹57 to make one painted pebble. On the last day Farhan sells it for only ₹55. How much is the loss on one (in ₹)?
  30. 30.It costs ₹25 to make one cup of lemonade. On the last day Ishaan sells it for only ₹17. How much is the loss on one (in ₹)?
  31. 31.It costs ₹64 to make one bag of popcorn. On the last day Lakshmi sells it for only ₹56. How much is the loss on one (in ₹)?
  32. 32.It costs ₹56 to make one paper bookmark. Kavya sells it for ₹73. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  34. 34.It costs ₹25 to make one cupcake. On the last day Diya sells it for only ₹15. How much is the loss on one (in ₹)?
  35. 35.It costs ₹24 to make one cupcake. On the last day Aarav sells it for only ₹16. How much is the loss on one (in ₹)?
  36. 36.It costs ₹47 to make one potted plant. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  37. 37.One cupcake costs ₹24 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹41 to make one fruit cup. Rohan sells it for ₹60. What is the profit on one (in ₹)?
  39. 39.One potted plant costs Tara ₹36 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “money got from a sale” is the cost price. (a) True (b) False

Answer key

  1. True
  2. 18
  3. selling price
  4. cost price
  5. True
  6. selling price
  7. 225
  8. 3
  9. 8
  10. selling price
  11. False
  12. True
  13. 57
  14. Profit
  15. SP more than CP
  16. 180
  17. 47
  18. selling price
  19. SP less than CP
  20. 225
  21. what the buyer pays
  22. 18
  23. True
  24. True
  25. Profit
  26. cost price
  27. 7
  28. False
  29. 2
  30. 8
  31. 8
  32. 17
  33. cost price
  34. 10
  35. 8
  36. 1
  37. 43
  38. 19
  39. Profit
  40. False

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