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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 915 · 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: “money spent to get it” is the cost price. (a) False (b) True
  2. 2.One handmade card costs Aarav ₹58 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  3. 3.It costs ₹29 to make one bag of popcorn. On the last day Dev sells it for only ₹26. How much is the loss on one (in ₹)?
  4. 4.It costs ₹12 to make one handmade card. On the last day Kabir sells it for only ₹5. How much is the loss on one (in ₹)?
  5. 5.It costs ₹53 to make one potted plant. Ishaan sells it for ₹71. What is the profit on one (in ₹)?
  6. 6.One fruit cup costs ₹7 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹49 to make one glass of chai. Riya sells it for ₹57. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  9. 9.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  10. 10.One potted plant costs Riya ₹23 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  12. 12.One glass of chai costs ₹5 to make. Lakshmi wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what you paid for it” is the cost price. (a) True (b) False
  14. 14.One jute bag costs ₹45 to make. Kabir wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  16. 16.Aarav makes 15 paper bookmarks at a cost of ₹14 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  17. 17.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  20. 20.One jute bag costs ₹21 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹29 to make one bag of popcorn. Diya sells it for ₹38. What is the profit on one (in ₹)?
  22. 22.One fruit cup costs ₹56 to make. Ananya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  23. 23.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  24. 24.One glass of chai costs Farhan ₹32 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  26. 26.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  27. 27.It costs ₹44 to make one glass of chai. On the last day Rohan sells it for only ₹40. How much is the loss on one (in ₹)?
  28. 28.It costs ₹11 to make one potted plant. On the last day Rohan sells it for only ₹9. How much is the loss on one (in ₹)?
  29. 29.It costs ₹28 to make one potted plant. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  30. 30.True or false: “cost of making one” is the cost price. (a) True (b) False
  31. 31.One bag of popcorn costs ₹7 to make. Tara wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  32. 32.Diya makes 26 fruit cups at a cost of ₹29 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  33. 33.It costs ₹50 to make one cup of lemonade. On the last day Kavya sells it for only ₹41. How much is the loss on one (in ₹)?
  34. 34.It costs ₹54 to make one handmade card. On the last day Gurpreet sells it for only ₹53. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs Zoya ₹17 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.One friendship band costs ₹8 to make. Saanvi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  37. 37.Meera makes 18 cupcakes at a cost of ₹13 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  38. 38.One cupcake costs ₹12 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  39. 39.Nisha makes 6 friendship bands at a cost of ₹21 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  40. 40.It costs ₹50 to make one bag of popcorn. On the last day Meera sells it for only ₹46. How much is the loss on one (in ₹)?

Answer key

  1. True
  2. Profit
  3. 3
  4. 7
  5. 18
  6. 21
  7. 8
  8. cost price
  9. SP more than CP
  10. Profit
  11. selling price
  12. 15
  13. True
  14. 59
  15. selling price
  16. 105
  17. SP less than CP
  18. False
  19. cost price
  20. 29
  21. 9
  22. 73
  23. what it cost you
  24. Loss
  25. cost price
  26. what the buyer pays
  27. 4
  28. 2
  29. 10
  30. True
  31. 9
  32. 234
  33. 9
  34. 1
  35. Loss
  36. 25
  37. 54
  38. 13
  39. 54
  40. 4

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