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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 106 · 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: “money got from a sale” is the selling price. (a) True (b) False
  2. 2.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  3. 3.One glass of chai costs Arjun ₹17 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.It costs ₹16 to make one cup of lemonade. Gurpreet sells it for ₹17. What is the profit on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.One cup of lemonade costs ₹53 to make. Tara wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  7. 7.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  8. 8.True or false: “money spent to get it” is the cost price. (a) False (b) True
  9. 9.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  10. 10.True or false: “money got from a sale” is the cost price. (a) False (b) True
  11. 11.One cupcake costs Aarav ₹45 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹52 to make one cup of lemonade. On the last day Meera sells it for only ₹42. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  14. 14.It costs ₹42 to make one clay diya. On the last day Lakshmi sells it for only ₹40. How much is the loss on one (in ₹)?
  15. 15.Lakshmi makes 19 jute bags at a cost of ₹31 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  16. 16.One fruit cup costs Farhan ₹50 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “the price on your board” is the selling price. (a) True (b) False
  18. 18.True or false: “cost of making one” is the cost price. (a) False (b) True
  19. 19.Dev makes 28 fruit cups at a cost of ₹10 each and sells all of them at ₹12 each. What is the total profit (in ₹)?
  20. 20.It costs ₹12 to make one handmade card. On the last day Rohan sells it for only ₹11. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  22. 22.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  23. 23.It costs ₹18 to make one jute bag. On the last day Aarav sells it for only ₹14. How much is the loss on one (in ₹)?
  24. 24.True or false: “cost of making one” is the selling price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.One glass of chai costs Vihaan ₹51 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.One potted plant costs Zoya ₹55 to make and sells for ₹69. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹61 to make one potted plant. On the last day Farhan sells it for only ₹60. How much is the loss on one (in ₹)?
  30. 30.One bag of popcorn costs ₹18 to make. Riya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.One handmade card costs ₹5 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.One potted plant costs ₹13 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “the price you sell at” is the cost price. (a) True (b) False
  34. 34.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  35. 35.📈 When is there a profit? (a) never (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  36. 36.One handmade card costs ₹34 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  37. 37.Kabir makes 25 potted plants at a cost of ₹23 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  38. 38.It costs ₹39 to make one fruit cup. On the last day Rohan sells it for only ₹33. How much is the loss on one (in ₹)?
  39. 39.Vihaan makes 14 jute bags at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  40. 40.Rohan makes 19 painted pebbles at a cost of ₹31 each and sells all of them at ₹42 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. SP less than CP
  3. Profit
  4. 1
  5. False
  6. 70
  7. what the buyer pays
  8. True
  9. what it cost you
  10. False
  11. Profit
  12. 10
  13. selling price
  14. 2
  15. 171
  16. Loss
  17. True
  18. True
  19. 56
  20. 1
  21. selling price
  22. cost price
  23. 4
  24. False
  25. selling price
  26. Loss
  27. cost price
  28. Profit
  29. 1
  30. 37
  31. 9
  32. 19
  33. False
  34. False
  35. SP more than CP
  36. 40
  37. 200
  38. 6
  39. 28
  40. 209

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