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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 873 · 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: “what a customer pays” is the cost price. (a) False (b) True
  2. 2.It costs ₹40 to make one fruit cup. On the last day Nisha sells it for only ₹32. How much is the loss on one (in ₹)?
  3. 3.It costs ₹42 to make one jute bag. On the last day Aarav sells it for only ₹32. How much is the loss on one (in ₹)?
  4. 4.Aarav makes 7 handmade cards at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  5. 5.Saanvi makes 29 friendship bands at a cost of ₹34 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  6. 6.One fruit cup costs Meera ₹47 to make and sells for ₹38. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “money spent to get it” is the cost price. (a) True (b) False
  8. 8.It costs ₹33 to make one cupcake. On the last day Vihaan sells it for only ₹26. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  10. 10.True or false: “the price on your board” is the cost price. (a) True (b) False
  11. 11.It costs ₹47 to make one cup of lemonade. On the last day Ananya sells it for only ₹42. How much is the loss on one (in ₹)?
  12. 12.It costs ₹18 to make one cup of lemonade. On the last day Dev sells it for only ₹8. How much is the loss on one (in ₹)?
  13. 13.It costs ₹48 to make one paper bookmark. Meera sells it for ₹52. What is the profit on one (in ₹)?
  14. 14.Gurpreet makes 12 fruit cups at a cost of ₹28 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  15. 15.Kabir makes 19 fruit cups at a cost of ₹40 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.One painted pebble costs Kavya ₹23 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  20. 20.It costs ₹42 to make one jute bag. Aarav sells it for ₹45. What is the profit on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the cost price. (a) True (b) False
  22. 22.True or false: “the price you sell at” is the selling price. (a) True (b) False
  23. 23.One paper bookmark costs ₹21 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  26. 26.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  27. 27.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  28. 28.It costs ₹44 to make one friendship band. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
  29. 29.One glass of chai costs ₹28 to make. Rohan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹20 to make one bag of popcorn. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  31. 31.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  32. 32.It costs ₹47 to make one bag of popcorn. Lakshmi sells it for ₹60. What is the profit on one (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.One cup of lemonade costs ₹26 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.One cup of lemonade costs Rohan ₹31 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.It costs ₹15 to make one cupcake. Ananya sells it for ₹17. What is the profit on one (in ₹)?
  39. 39.One handmade card costs Gurpreet ₹29 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One fruit cup costs ₹20 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. 8
  3. 10
  4. 77
  5. 377
  6. Loss
  7. True
  8. 7
  9. cost price
  10. False
  11. 5
  12. 10
  13. 4
  14. 180
  15. 266
  16. selling price
  17. Loss
  18. SP less than CP
  19. SP more than CP
  20. 3
  21. True
  22. True
  23. 32
  24. selling price
  25. cost price
  26. what it cost you
  27. False
  28. 5
  29. 46
  30. 20
  31. what the buyer pays
  32. 13
  33. False
  34. 45
  35. cost price
  36. Profit
  37. False
  38. 2
  39. Loss
  40. 22

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