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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 961 · 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: “what you paid for it” 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.One cup of lemonade costs ₹17 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.One fruit cup costs ₹55 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  6. 6.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  7. 7.True or false: “the price you sell at” is the cost price. (a) True (b) False
  8. 8.True or false: “the price on your board” is the cost price. (a) True (b) False
  9. 9.Riya makes 21 painted pebbles at a cost of ₹17 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  10. 10.It costs ₹58 to make one handmade card. On the last day Farhan sells it for only ₹48. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  12. 12.Tara makes 9 handmade cards at a cost of ₹18 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) True (b) False
  14. 14.It costs ₹17 to make one bag of popcorn. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  15. 15.One jute bag costs ₹12 to make. Joseph wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  17. 17.Joseph makes 20 cups of lemonade at a cost of ₹28 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  19. 19.It costs ₹54 to make one cupcake. Kabir sells it for ₹66. What is the profit on one (in ₹)?
  20. 20.It costs ₹40 to make one fruit cup. On the last day Diya sells it for only ₹39. How much is the loss on one (in ₹)?
  21. 21.It costs ₹63 to make one cupcake. On the last day Saanvi sells it for only ₹59. How much is the loss on one (in ₹)?
  22. 22.True or false: “what you paid for it” is the selling price. (a) True (b) False
  23. 23.One cupcake costs Rohan ₹17 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.One friendship band costs ₹23 to make. Joseph wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  26. 26.Diya makes 6 friendship bands at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  28. 28.One glass of chai costs ₹54 to make. Vihaan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) True (b) False
  30. 30.True or false: “money got from a sale” is the selling price. (a) False (b) True
  31. 31.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  32. 32.It costs ₹29 to make one glass of chai. Saanvi sells it for ₹49. What is the profit on one (in ₹)?
  33. 33.It costs ₹32 to make one handmade card. On the last day Vihaan sells it for only ₹25. How much is the loss on one (in ₹)?
  34. 34.Meera makes 5 fruit cups at a cost of ₹16 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.It costs ₹35 to make one fruit cup. Ananya sells it for ₹42. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs Saanvi ₹30 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹17 to make one glass of chai. Rohan sells it for ₹22. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the selling price. (a) False (b) True
  40. 40.One handmade card costs ₹51 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. cost price
  3. 32
  4. 67
  5. cost price
  6. what it cost you
  7. False
  8. False
  9. 21
  10. 10
  11. selling price
  12. 108
  13. False
  14. 16
  15. 20
  16. selling price
  17. 200
  18. SP more than CP
  19. 12
  20. 1
  21. 4
  22. False
  23. Loss
  24. selling price
  25. 24
  26. 84
  27. selling price
  28. 55
  29. False
  30. True
  31. SP less than CP
  32. 20
  33. 7
  34. 55
  35. cost price
  36. 7
  37. Profit
  38. 5
  39. True
  40. 56

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