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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 1 · 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: “cost of making one” is the selling price. (a) True (b) False
  2. 2.True or false: “the price you sell at” is the selling price. (a) False (b) True
  3. 3.True or false: “what a customer pays” is the selling price. (a) False (b) True
  4. 4.Riya makes 29 glasses of chai at a cost of ₹23 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  7. 7.It costs ₹15 to make one cup of lemonade. On the last day Riya sells it for only ₹9. How much is the loss on one (in ₹)?
  8. 8.It costs ₹49 to make one cup of lemonade. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  9. 9.Meera makes 30 cups of lemonade at a cost of ₹40 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  10. 10.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  11. 11.Zoya makes 11 potted plants at a cost of ₹13 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  12. 12.True or false: “money spent to get it” is the cost price. (a) True (b) False
  13. 13.One cupcake costs Meera ₹21 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  15. 15.It costs ₹44 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹39. How much is the loss on one (in ₹)?
  16. 16.It costs ₹55 to make one painted pebble. Lakshmi sells it for ₹66. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  18. 18.It costs ₹46 to make one clay diya. Vihaan sells it for ₹49. What is the profit on one (in ₹)?
  19. 19.It costs ₹36 to make one fruit cup. On the last day Ishaan sells it for only ₹26. How much is the loss on one (in ₹)?
  20. 20.True or false: “money got from a sale” is the selling price. (a) False (b) True
  21. 21.One handmade card costs Ananya ₹16 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹12 to make one cupcake. On the last day Joseph sells it for only ₹10. How much is the loss on one (in ₹)?
  23. 23.It costs ₹24 to make one glass of chai. On the last day Aarav sells it for only ₹22. How much is the loss on one (in ₹)?
  24. 24.It costs ₹65 to make one paper bookmark. On the last day Dev sells it for only ₹60. How much is the loss on one (in ₹)?
  25. 25.It costs ₹42 to make one glass of chai. Lakshmi sells it for ₹43. What is the profit on one (in ₹)?
  26. 26.True or false: “what a customer pays” is the cost price. (a) True (b) False
  27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
  28. 28.Ananya makes 23 paper bookmarks at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  29. 29.True or false: “the price you sell at” is the cost price. (a) False (b) True
  30. 30.True or false: “money got from a sale” is the cost price. (a) False (b) True
  31. 31.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  32. 32.It costs ₹44 to make one friendship band. Zoya sells it for ₹64. What is the profit on one (in ₹)?
  33. 33.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  34. 34.One clay diya costs ₹32 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.One friendship band costs Tara ₹57 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹62 to make one potted plant. On the last day Diya sells it for only ₹57. How much is the loss on one (in ₹)?
  38. 38.Kabir makes 30 handmade cards at a cost of ₹17 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price

Answer key

  1. False
  2. True
  3. True
  4. 319
  5. selling price
  6. False
  7. 6
  8. 10
  9. 240
  10. SP less than CP
  11. 11
  12. True
  13. Loss
  14. what the buyer pays
  15. 5
  16. 11
  17. cost price
  18. 3
  19. 10
  20. True
  21. Loss
  22. 2
  23. 2
  24. 5
  25. 1
  26. False
  27. True
  28. 115
  29. False
  30. False
  31. what it cost you
  32. 20
  33. SP more than CP
  34. 38
  35. cost price
  36. Profit
  37. 5
  38. 270
  39. selling price
  40. selling price

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