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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 109 · 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.

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  1. 1.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.One potted plant costs Saanvi ₹59 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.Dev makes 18 cupcakes at a cost of ₹22 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  5. 5.True or false: “what a customer pays” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  7. 7.It costs ₹47 to make one potted plant. On the last day Lakshmi sells it for only ₹45. How much is the loss on one (in ₹)?
  8. 8.One jute bag costs Joseph ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.Ananya makes 5 fruit cups at a cost of ₹17 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  10. 10.One paper bookmark costs Rohan ₹17 to make and sells for ₹18. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.It costs ₹13 to make one cup of lemonade. Aarav sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.It costs ₹49 to make one fruit cup. Riya sells it for ₹64. What is the profit on one (in ₹)?
  13. 13.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) always (d) SP equal to CP
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  16. 16.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  17. 17.🏷️ Cost price means… (a) what it cost you (b) the discount (c) the profit (d) what the buyer pays
  18. 18.Arjun makes 11 painted pebbles at a cost of ₹27 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  19. 19.It costs ₹56 to make one friendship band. Ananya sells it for ₹60. What is the profit on one (in ₹)?
  20. 20.True or false: “cost of making one” is the selling price. (a) True (b) False
  21. 21.True or false: “the price on your board” is the selling price. (a) False (b) True
  22. 22.True or false: “money spent to get it” is the selling price. (a) False (b) True
  23. 23.It costs ₹10 to make one paper bookmark. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the cost price. (a) False (b) True
  25. 25.It costs ₹68 to make one friendship band. On the last day Aarav sells it for only ₹60. How much is the loss on one (in ₹)?
  26. 26.One cupcake costs ₹57 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹54 to make one paper bookmark. On the last day Diya sells it for only ₹51. How much is the loss on one (in ₹)?
  28. 28.It costs ₹52 to make one jute bag. Vihaan sells it for ₹53. What is the profit on one (in ₹)?
  29. 29.It costs ₹32 to make one fruit cup. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  30. 30.One clay diya costs ₹25 to make. Saanvi wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what you paid for it” is the selling price. (a) False (b) True
  32. 32.One clay diya costs ₹45 to make. Dev wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.One cup of lemonade costs ₹14 to make. Ananya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.One paper bookmark costs Vihaan ₹41 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹43 to make one painted pebble. On the last day Saanvi sells it for only ₹41. How much is the loss on one (in ₹)?
  38. 38.It costs ₹20 to make one painted pebble. On the last day Kavya sells it for only ₹14. How much is the loss on one (in ₹)?
  39. 39.True or false: “money got from a sale” is the selling price. (a) False (b) True
  40. 40.It costs ₹9 to make one jute bag. Kabir sells it for ₹17. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. selling price
  3. Loss
  4. 252
  5. True
  6. selling price
  7. 2
  8. Profit
  9. 55
  10. Profit
  11. 18
  12. 15
  13. SP less than CP
  14. True
  15. what the buyer pays
  16. SP more than CP
  17. what it cost you
  18. 132
  19. 4
  20. False
  21. True
  22. False
  23. 1
  24. False
  25. 8
  26. 73
  27. 3
  28. 1
  29. 12
  30. 41
  31. False
  32. 48
  33. cost price
  34. cost price
  35. 19
  36. Loss
  37. 2
  38. 6
  39. True
  40. 8

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