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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 916 · 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.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  3. 3.True or false: “the price you sell at” is the selling price. (a) True (b) False
  4. 4.Kabir makes 12 cupcakes at a cost of ₹29 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  5. 5.Vihaan makes 18 bags of popcorn at a cost of ₹20 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  6. 6.One friendship band costs ₹20 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  8. 8.It costs ₹25 to make one bag of popcorn. Dev sells it for ₹28. What is the profit on one (in ₹)?
  9. 9.It costs ₹45 to make one glass of chai. Ishaan sells it for ₹57. What is the profit on one (in ₹)?
  10. 10.Ananya makes 11 handmade cards at a cost of ₹14 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  11. 11.It costs ₹55 to make one bag of popcorn. Ananya sells it for ₹64. What is the profit on one (in ₹)?
  12. 12.It costs ₹57 to make one clay diya. On the last day Riya sells it for only ₹54. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  14. 14.One cup of lemonade costs Joseph ₹28 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.It costs ₹22 to make one potted plant. On the last day Gurpreet sells it for only ₹17. How much is the loss on one (in ₹)?
  18. 18.It costs ₹64 to make one paper bookmark. On the last day Dev sells it for only ₹54. How much is the loss on one (in ₹)?
  19. 19.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  20. 20.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  21. 21.Lakshmi makes 17 potted plants at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  22. 22.One friendship band costs ₹26 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price on your board” is the selling price. (a) False (b) True
  24. 24.It costs ₹22 to make one fruit cup. Lakshmi sells it for ₹29. What is the profit on one (in ₹)?
  25. 25.It costs ₹52 to make one fruit cup. On the last day Diya sells it for only ₹47. How much is the loss on one (in ₹)?
  26. 26.True or false: “money got from a sale” is the selling price. (a) False (b) True
  27. 27.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  28. 28.Zoya makes 11 clay diyas at a cost of ₹9 each and sells all of them at ₹13 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.One cup of lemonade costs Rohan ₹47 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹27 to make one friendship band. On the last day Lakshmi sells it for only ₹25. How much is the loss on one (in ₹)?
  32. 32.It costs ₹56 to make one jute bag. On the last day Arjun sells it for only ₹52. How much is the loss on one (in ₹)?
  33. 33.One fruit cup costs ₹54 to make. Ishaan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  34. 34.It costs ₹38 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹33. How much is the loss on one (in ₹)?
  35. 35.One handmade card costs ₹5 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.It costs ₹36 to make one handmade card. Joseph sells it for ₹47. What is the profit on one (in ₹)?
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.One handmade card costs Arjun ₹59 to make and sells for ₹49. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.One jute bag costs Dev ₹39 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. what it cost you
  3. True
  4. 180
  5. 162
  6. 39
  7. cost price
  8. 3
  9. 12
  10. 154
  11. 9
  12. 3
  13. selling price
  14. Loss
  15. False
  16. selling price
  17. 5
  18. 10
  19. SP less than CP
  20. SP more than CP
  21. 204
  22. 38
  23. True
  24. 7
  25. 5
  26. True
  27. what the buyer pays
  28. 44
  29. cost price
  30. Loss
  31. 2
  32. 4
  33. 73
  34. 5
  35. 8
  36. cost price
  37. 11
  38. False
  39. Loss
  40. Loss

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