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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 894 · 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: what a customer pays? (a) selling price (b) cost price
  2. 2.One bag of popcorn costs Gurpreet ₹25 to make and sells for ₹34. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.True or false: “the price on your board” is the selling price. (a) False (b) True
  4. 4.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  5. 5.One bag of popcorn costs Riya ₹54 to make and sells for ₹69. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  8. 8.It costs ₹49 to make one handmade card. On the last day Riya sells it for only ₹39. How much is the loss on one (in ₹)?
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  10. 10.It costs ₹22 to make one potted plant. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  11. 11.It costs ₹13 to make one jute bag. Kavya sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.One paper bookmark costs Ishaan ₹32 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹19 to make one bag of popcorn. On the last day Ishaan sells it for only ₹16. How much is the loss on one (in ₹)?
  14. 14.One bag of popcorn costs ₹5 to make. Joseph wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  15. 15.One handmade card costs Gurpreet ₹31 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Ishaan makes 5 potted plants at a cost of ₹29 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  17. 17.One cup of lemonade costs ₹49 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  19. 19.Kabir makes 20 fruit cups at a cost of ₹33 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  21. 21.One cupcake costs ₹13 to make. Joseph wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹30 to make one painted pebble. On the last day Vihaan sells it for only ₹29. How much is the loss on one (in ₹)?
  23. 23.True or false: “the price on your board” is the cost price. (a) False (b) True
  24. 24.One bag of popcorn costs ₹40 to make. Kavya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹17 to make one bag of popcorn. On the last day Farhan sells it for only ₹11. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.One friendship band costs ₹42 to make. Ananya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹30 to make one handmade card. On the last day Ishaan sells it for only ₹23. How much is the loss on one (in ₹)?
  30. 30.One bag of popcorn costs ₹13 to make. Lakshmi wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  31. 31.One friendship band costs ₹27 to make. Diya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  32. 32.True or false: “money got from a sale” is the cost price. (a) True (b) False
  33. 33.True or false: “cost of making one” is the cost price. (a) True (b) False
  34. 34.Ishaan makes 15 bags of popcorn at a cost of ₹22 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  35. 35.Aarav makes 17 friendship bands at a cost of ₹34 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  36. 36.It costs ₹14 to make one fruit cup. On the last day Joseph sells it for only ₹5. How much is the loss on one (in ₹)?
  37. 37.One handmade card costs ₹19 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹34 to make one cup of lemonade. Lakshmi sells it for ₹39. What is the profit on one (in ₹)?
  39. 39.💵 Selling price means… (a) what it cost you (b) the stall fee (c) the loss (d) what the buyer pays
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. selling price
  2. Profit
  3. True
  4. SP less than CP
  5. Profit
  6. what it cost you
  7. False
  8. 10
  9. SP more than CP
  10. 7
  11. 18
  12. Loss
  13. 3
  14. 25
  15. Loss
  16. 70
  17. 50
  18. selling price
  19. 160
  20. cost price
  21. 18
  22. 1
  23. False
  24. 46
  25. 6
  26. selling price
  27. selling price
  28. 56
  29. 7
  30. 27
  31. 43
  32. False
  33. True
  34. 120
  35. 136
  36. 9
  37. 23
  38. 5
  39. what the buyer pays
  40. False

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