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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 100 · 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.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  2. 2.True or false: “what a customer pays” is the selling price. (a) False (b) True
  3. 3.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  4. 4.True or false: “money spent to get it” is the selling price. (a) True (b) False
  5. 5.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.One glass of chai costs Meera ₹18 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.One clay diya costs Gurpreet ₹28 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.True or false: “the price you sell at” is the cost price. (a) False (b) True
  11. 11.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  12. 12.Rohan makes 12 fruit cups at a cost of ₹13 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  13. 13.True or false: “cost of making one” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  15. 15.Ishaan makes 14 cups of lemonade at a cost of ₹14 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  16. 16.It costs ₹52 to make one fruit cup. Ananya sells it for ₹54. What is the profit on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  19. 19.Aarav makes 15 fruit cups at a cost of ₹37 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  20. 20.One handmade card costs Lakshmi ₹19 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One glass of chai costs ₹43 to make. Riya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  22. 22.One painted pebble costs Gurpreet ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹41 to make one paper bookmark. On the last day Vihaan sells it for only ₹32. How much is the loss on one (in ₹)?
  24. 24.It costs ₹33 to make one painted pebble. Rohan sells it for ₹49. What is the profit on one (in ₹)?
  25. 25.It costs ₹30 to make one friendship band. On the last day Joseph sells it for only ₹29. How much is the loss on one (in ₹)?
  26. 26.It costs ₹33 to make one cup of lemonade. On the last day Ananya sells it for only ₹29. How much is the loss on one (in ₹)?
  27. 27.It costs ₹62 to make one potted plant. On the last day Gurpreet sells it for only ₹52. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  29. 29.One potted plant costs Dev ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹25 to make one handmade card. Tara sells it for ₹34. What is the profit on one (in ₹)?
  31. 31.Tara makes 15 paper bookmarks at a cost of ₹20 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  32. 32.It costs ₹25 to make one potted plant. Rohan sells it for ₹38. What is the profit on one (in ₹)?
  33. 33.It costs ₹46 to make one paper bookmark. On the last day Farhan sells it for only ₹45. How much is the loss on one (in ₹)?
  34. 34.One friendship band costs ₹9 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  36. 36.It costs ₹14 to make one painted pebble. Dev sells it for ₹16. What is the profit on one (in ₹)?
  37. 37.Vihaan makes 7 friendship bands at a cost of ₹23 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  38. 38.One potted plant costs Dev ₹38 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One jute bag costs ₹54 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  40. 40.One bag of popcorn costs ₹26 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?

Answer key

  1. cost price
  2. True
  3. what the buyer pays
  4. False
  5. SP less than CP
  6. selling price
  7. Profit
  8. Loss
  9. cost price
  10. False
  11. SP more than CP
  12. 168
  13. True
  14. selling price
  15. 154
  16. 2
  17. selling price
  18. cost price
  19. 105
  20. Profit
  21. 48
  22. Loss
  23. 9
  24. 16
  25. 1
  26. 4
  27. 10
  28. what it cost you
  29. Profit
  30. 9
  31. 15
  32. 13
  33. 1
  34. 22
  35. selling price
  36. 2
  37. 84
  38. Profit
  39. 68
  40. 30

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