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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 962 · 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.It costs ₹23 to make one bag of popcorn. Kabir sells it for ₹31. What is the profit on one (in ₹)?
  2. 2.One cup of lemonade costs ₹12 to make. Kabir wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  5. 5.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  6. 6.One cup of lemonade costs Nisha ₹42 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.One handmade card costs ₹53 to make. Farhan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “the price on your board” is the selling price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.One glass of chai costs Ishaan ₹18 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.One cupcake costs Tara ₹19 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.Rohan makes 20 handmade cards at a cost of ₹23 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  14. 14.True or false: “what a customer pays” is the selling price. (a) True (b) False
  15. 15.One potted plant costs Joseph ₹17 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹26 to make one jute bag. On the last day Saanvi sells it for only ₹19. How much is the loss on one (in ₹)?
  17. 17.One glass of chai costs ₹23 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  18. 18.It costs ₹30 to make one painted pebble. Nisha sells it for ₹31. What is the profit on one (in ₹)?
  19. 19.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  21. 21.One handmade card costs ₹14 to make. Kavya wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  22. 22.One cup of lemonade costs Dev ₹36 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.One potted plant costs ₹5 to make. Zoya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  24. 24.One friendship band costs ₹39 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  25. 25.Dev makes 6 fruit cups at a cost of ₹22 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  26. 26.It costs ₹12 to make one cupcake. Aarav sells it for ₹18. What is the profit on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) True (b) False
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  29. 29.One friendship band costs ₹6 to make. Zoya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  31. 31.It costs ₹55 to make one jute bag. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  32. 32.One bag of popcorn costs ₹5 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  34. 34.One friendship band costs Nisha ₹19 to make and sells for ₹17. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹23 to make one cupcake. On the last day Dev sells it for only ₹16. How much is the loss on one (in ₹)?
  36. 36.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  37. 37.True or false: “cost of making one” is the selling price. (a) False (b) True
  38. 38.Aarav makes 6 jute bags at a cost of ₹36 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  39. 39.True or false: “what a customer pays” is the cost price. (a) True (b) False
  40. 40.It costs ₹9 to make one paper bookmark. On the last day Ananya sells it for only ₹7. How much is the loss on one (in ₹)?

Answer key

  1. 8
  2. 29
  3. True
  4. selling price
  5. what the buyer pays
  6. Loss
  7. 55
  8. True
  9. selling price
  10. Profit
  11. Profit
  12. selling price
  13. 140
  14. True
  15. Loss
  16. 7
  17. 39
  18. 1
  19. SP more than CP
  20. cost price
  21. 25
  22. Loss
  23. 19
  24. 54
  25. 66
  26. 6
  27. True
  28. cost price
  29. 21
  30. cost price
  31. 5
  32. 8
  33. cost price
  34. Loss
  35. 7
  36. False
  37. False
  38. 54
  39. False
  40. 2

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