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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 862 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.Joseph makes 9 bags of popcorn at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  3. 3.It costs ₹16 to make one cup of lemonade. Rohan sells it for ₹26. What is the profit on one (in ₹)?
  4. 4.One paper bookmark costs ₹5 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.One painted pebble costs Lakshmi ₹33 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  8. 8.It costs ₹33 to make one jute bag. Meera sells it for ₹51. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  10. 10.It costs ₹8 to make one clay diya. Gurpreet sells it for ₹22. What is the profit on one (in ₹)?
  11. 11.True or false: “the price you sell at” is the selling price. (a) False (b) True
  12. 12.It costs ₹21 to make one bag of popcorn. On the last day Saanvi sells it for only ₹11. How much is the loss on one (in ₹)?
  13. 13.It costs ₹49 to make one fruit cup. Vihaan sells it for ₹63. What is the profit on one (in ₹)?
  14. 14.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  15. 15.One cup of lemonade costs ₹30 to make. Arjun wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  16. 16.True or false: “the price you sell at” is the cost price. (a) True (b) False
  17. 17.One jute bag costs ₹45 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  18. 18.One paper bookmark costs ₹13 to make. Farhan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  19. 19.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  21. 21.It costs ₹53 to make one paper bookmark. Rohan sells it for ₹67. What is the profit on one (in ₹)?
  22. 22.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.It costs ₹28 to make one fruit cup. On the last day Kavya sells it for only ₹24. How much is the loss on one (in ₹)?
  25. 25.It costs ₹22 to make one cup of lemonade. Dev sells it for ₹26. What is the profit on one (in ₹)?
  26. 26.One clay diya costs Gurpreet ₹16 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One bag of popcorn costs ₹19 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  28. 28.One bag of popcorn costs ₹37 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  29. 29.Tara makes 11 potted plants at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.One fruit cup costs Rohan ₹47 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One cupcake costs ₹6 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹40 to make one handmade card. Ishaan sells it for ₹58. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  35. 35.True or false: “money spent to get it” is the cost price. (a) True (b) False
  36. 36.True or false: “what you paid for it” is the cost price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  38. 38.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. cost price
  2. 72
  3. 10
  4. 24
  5. True
  6. Loss
  7. SP less than CP
  8. 18
  9. what it cost you
  10. 14
  11. True
  12. 10
  13. 14
  14. SP more than CP
  15. 47
  16. False
  17. 60
  18. 27
  19. what the buyer pays
  20. cost price
  21. 14
  22. False
  23. False
  24. 4
  25. 4
  26. Profit
  27. 38
  28. 57
  29. 143
  30. False
  31. Loss
  32. 20
  33. 18
  34. selling price
  35. True
  36. True
  37. selling price
  38. cost price
  39. selling price
  40. cost price

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