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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 930 · 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: “the price you sell at” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  3. 3.It costs ₹54 to make one glass of chai. On the last day Ishaan sells it for only ₹53. How much is the loss on one (in ₹)?
  4. 4.One fruit cup costs ₹56 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  5. 5.One potted plant costs ₹19 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  6. 6.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  7. 7.It costs ₹49 to make one cupcake. Kabir sells it for ₹62. What is the profit on one (in ₹)?
  8. 8.One handmade card costs ₹57 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  9. 9.One friendship band costs Arjun ₹24 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.It costs ₹8 to make one cup of lemonade. Ishaan sells it for ₹28. What is the profit on one (in ₹)?
  11. 11.It costs ₹61 to make one paper bookmark. On the last day Nisha sells it for only ₹53. How much is the loss on one (in ₹)?
  12. 12.One paper bookmark costs ₹55 to make. Meera wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “what a customer pays” is the selling price. (a) False (b) True
  14. 14.Ananya makes 22 cupcakes at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  15. 15.Tara makes 20 handmade cards at a cost of ₹8 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  17. 17.Farhan makes 28 potted plants at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  18. 18.True or false: “cost of making one” is the cost price. (a) True (b) False
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.It costs ₹24 to make one glass of chai. On the last day Tara sells it for only ₹23. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  22. 22.It costs ₹60 to make one glass of chai. On the last day Ananya sells it for only ₹55. How much is the loss on one (in ₹)?
  23. 23.It costs ₹43 to make one jute bag. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  24. 24.It costs ₹29 to make one handmade card. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  25. 25.True or false: “what a customer pays” is the cost price. (a) False (b) True
  26. 26.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  28. 28.One handmade card costs ₹5 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  30. 30.It costs ₹35 to make one bag of popcorn. On the last day Diya sells it for only ₹29. How much is the loss on one (in ₹)?
  31. 31.It costs ₹30 to make one glass of chai. On the last day Lakshmi sells it for only ₹29. How much is the loss on one (in ₹)?
  32. 32.It costs ₹59 to make one cupcake. Ananya sells it for ₹65. What is the profit on one (in ₹)?
  33. 33.It costs ₹63 to make one cupcake. On the last day Ishaan sells it for only ₹55. How much is the loss on one (in ₹)?
  34. 34.One glass of chai costs ₹14 to make. Kavya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹11 to make one fruit cup. On the last day Zoya sells it for only ₹7. How much is the loss on one (in ₹)?
  36. 36.One glass of chai costs ₹8 to make. Dev wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.Ananya makes 14 fruit cups at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  39. 39.True or false: “money got from a sale” is the selling price. (a) False (b) True
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. False
  2. cost price
  3. 1
  4. 64
  5. 38
  6. SP more than CP
  7. 13
  8. 75
  9. Profit
  10. 20
  11. 8
  12. 69
  13. True
  14. 198
  15. 280
  16. cost price
  17. 364
  18. True
  19. False
  20. 1
  21. selling price
  22. 5
  23. 2
  24. 1
  25. False
  26. cost price
  27. cost price
  28. 6
  29. what it cost you
  30. 6
  31. 1
  32. 6
  33. 8
  34. 28
  35. 4
  36. 13
  37. 168
  38. selling price
  39. True
  40. selling price

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