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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 997 · 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.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
  4. 4.True or false: “money got from a sale” is the cost price. (a) True (b) False
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  6. 6.It costs ₹9 to make one glass of chai. Riya sells it for ₹29. What is the profit on one (in ₹)?
  7. 7.True or false: “cost of making one” is the cost price. (a) False (b) True
  8. 8.One paper bookmark costs Farhan ₹18 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One friendship band costs ₹11 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  10. 10.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  11. 11.One glass of chai costs Nisha ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.Joseph makes 25 fruit cups at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  14. 14.It costs ₹14 to make one cupcake. Zoya sells it for ₹23. What is the profit on one (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  16. 16.One fruit cup costs Farhan ₹32 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.Rohan makes 5 cups of lemonade at a cost of ₹35 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  18. 18.True or false: “what you paid for it” is the selling price. (a) False (b) True
  19. 19.One painted pebble costs ₹56 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  22. 22.One cup of lemonade costs Ishaan ₹41 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹47 to make one glass of chai. Arjun sells it for ₹66. What is the profit on one (in ₹)?
  24. 24.It costs ₹45 to make one glass of chai. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  25. 25.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  26. 26.Kabir makes 5 paper bookmarks at a cost of ₹12 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  27. 27.One cup of lemonade costs ₹57 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  28. 28.Gurpreet makes 22 jute bags at a cost of ₹18 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  30. 30.Ishaan makes 15 cups of lemonade at a cost of ₹25 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  31. 31.One cup of lemonade costs Tara ₹55 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.It costs ₹48 to make one painted pebble. On the last day Joseph sells it for only ₹44. How much is the loss on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.Kabir makes 6 jute bags at a cost of ₹27 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  35. 35.It costs ₹45 to make one friendship band. On the last day Aarav sells it for only ₹39. How much is the loss on one (in ₹)?
  36. 36.One jute bag costs ₹7 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  37. 37.True or false: “the price you sell at” is the cost price. (a) True (b) False
  38. 38.One painted pebble costs Ananya ₹26 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.True or false: “the price on your board” is the cost price. (a) False (b) True
  40. 40.One bag of popcorn costs Lakshmi ₹16 to make and sells for ₹4. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. SP more than CP
  2. cost price
  3. True
  4. False
  5. SP less than CP
  6. 20
  7. True
  8. Profit
  9. 14
  10. cost price
  11. Profit
  12. 100
  13. cost price
  14. 9
  15. True
  16. Profit
  17. 55
  18. False
  19. 67
  20. what it cost you
  21. selling price
  22. Loss
  23. 19
  24. 3
  25. what the buyer pays
  26. 60
  27. 66
  28. 308
  29. selling price
  30. 225
  31. Loss
  32. 4
  33. cost price
  34. 12
  35. 6
  36. 22
  37. False
  38. Loss
  39. False
  40. Loss

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