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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 929 · 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 got from a sale” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.One cupcake costs ₹60 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹6 to make one painted pebble. Ishaan sells it for ₹8. What is the profit on one (in ₹)?
  5. 5.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  6. 6.It costs ₹21 to make one painted pebble. On the last day Vihaan sells it for only ₹13. How much is the loss on one (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.It costs ₹5 to make one friendship band. Nisha sells it for ₹9. What is the profit on one (in ₹)?
  9. 9.One painted pebble costs Farhan ₹24 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹64 to make one bag of popcorn. On the last day Aarav sells it for only ₹60. How much is the loss on one (in ₹)?
  11. 11.Kavya makes 28 glasses of chai at a cost of ₹32 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.It costs ₹28 to make one fruit cup. Kabir sells it for ₹38. What is the profit on one (in ₹)?
  14. 14.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  15. 15.One bag of popcorn costs Farhan ₹22 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  17. 17.It costs ₹18 to make one jute bag. Arjun sells it for ₹34. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  19. 19.It costs ₹25 to make one glass of chai. Saanvi sells it for ₹40. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs Diya ₹32 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “money spent to get it” is the cost price. (a) True (b) False
  22. 22.True or false: “the price on your board” is the cost price. (a) False (b) True
  23. 23.One friendship band costs Zoya ₹21 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.One jute bag costs ₹18 to make. Dev wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  25. 25.One fruit cup costs Vihaan ₹43 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One friendship band costs ₹50 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹7 to make one glass of chai. Diya sells it for ₹15. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs ₹36 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  30. 30.One bag of popcorn costs ₹46 to make. Farhan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  31. 31.One jute bag costs Zoya ₹19 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the price on your board” is the selling price. (a) False (b) True
  33. 33.Kavya makes 7 friendship bands at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  34. 34.True or false: “money spent to get it” is the selling price. (a) False (b) True
  35. 35.It costs ₹54 to make one clay diya. Farhan sells it for ₹74. What is the profit on one (in ₹)?
  36. 36.One glass of chai costs Arjun ₹42 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “cost of making one” is the cost price. (a) True (b) False
  38. 38.It costs ₹13 to make one handmade card. Nisha sells it for ₹28. What is the profit on one (in ₹)?
  39. 39.It costs ₹60 to make one glass of chai. On the last day Vihaan sells it for only ₹55. How much is the loss on one (in ₹)?
  40. 40.One glass of chai costs ₹26 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. cost price
  3. 68
  4. 2
  5. what it cost you
  6. 8
  7. False
  8. 4
  9. Profit
  10. 4
  11. 224
  12. cost price
  13. 10
  14. SP less than CP
  15. Profit
  16. SP more than CP
  17. 16
  18. selling price
  19. 15
  20. Loss
  21. True
  22. False
  23. Profit
  24. 30
  25. Loss
  26. 59
  27. 8
  28. 51
  29. cost price
  30. 66
  31. Loss
  32. True
  33. 42
  34. False
  35. 20
  36. Loss
  37. True
  38. 15
  39. 5
  40. 29

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