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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 888 · 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: money got from a sale? (a) selling price (b) cost price
  2. 2.One cupcake costs ₹28 to make. Rohan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  4. 4.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.Rohan makes 6 cupcakes at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  8. 8.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.True or false: “the price you sell at” is the selling price. (a) False (b) True
  11. 11.Kabir makes 24 fruit cups at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  12. 12.True or false: “money got from a sale” is the cost price. (a) True (b) False
  13. 13.True or false: “money spent to get it” is the cost price. (a) True (b) False
  14. 14.True or false: “what a customer pays” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.One glass of chai costs Tara ₹50 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.It costs ₹38 to make one friendship band. On the last day Zoya sells it for only ₹37. How much is the loss on one (in ₹)?
  18. 18.It costs ₹47 to make one handmade card. On the last day Kabir sells it for only ₹40. How much is the loss on one (in ₹)?
  19. 19.One friendship band costs Lakshmi ₹44 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  21. 21.One bag of popcorn costs Dev ₹33 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Kavya makes 27 bags of popcorn at a cost of ₹34 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  23. 23.Ishaan makes 22 bags of popcorn at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  24. 24.One jute bag costs Zoya ₹51 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.It costs ₹31 to make one potted plant. Lakshmi sells it for ₹34. What is the profit on one (in ₹)?
  26. 26.It costs ₹17 to make one jute bag. On the last day Farhan sells it for only ₹9. How much is the loss on one (in ₹)?
  27. 27.It costs ₹19 to make one cupcake. Tara sells it for ₹35. What is the profit on one (in ₹)?
  28. 28.It costs ₹42 to make one paper bookmark. On the last day Kavya sells it for only ₹32. How much is the loss on one (in ₹)?
  29. 29.One fruit cup costs Ishaan ₹17 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “what a customer pays” is the selling price. (a) False (b) True
  31. 31.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  32. 32.It costs ₹47 to make one glass of chai. Aarav sells it for ₹65. What is the profit on one (in ₹)?
  33. 33.It costs ₹18 to make one painted pebble. On the last day Lakshmi sells it for only ₹12. How much is the loss on one (in ₹)?
  34. 34.Kabir makes 21 bags of popcorn at a cost of ₹27 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  35. 35.One potted plant costs Nisha ₹28 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.Kavya makes 11 paper bookmarks at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) False (b) True
  38. 38.True or false: “the price on your board” is the selling price. (a) False (b) True
  39. 39.Kabir makes 10 cups of lemonade at a cost of ₹28 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  40. 40.True or false: “what you paid for it” is the selling price. (a) False (b) True

Answer key

  1. selling price
  2. 44
  3. selling price
  4. SP less than CP
  5. cost price
  6. True
  7. 24
  8. what it cost you
  9. cost price
  10. True
  11. 192
  12. False
  13. True
  14. False
  15. cost price
  16. Loss
  17. 1
  18. 7
  19. Profit
  20. SP more than CP
  21. Loss
  22. 297
  23. 66
  24. Loss
  25. 3
  26. 8
  27. 16
  28. 10
  29. Profit
  30. True
  31. what the buyer pays
  32. 18
  33. 6
  34. 189
  35. Loss
  36. 77
  37. False
  38. True
  39. 80
  40. False

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