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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 118 · 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 means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  3. 3.One cup of lemonade costs ₹33 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.One jute bag costs Meera ₹46 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.One glass of chai costs ₹21 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  6. 6.It costs ₹34 to make one handmade card. On the last day Aarav sells it for only ₹31. How much is the loss on one (in ₹)?
  7. 7.True or false: “what a customer pays” is the selling price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  10. 10.It costs ₹60 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹50. How much is the loss on one (in ₹)?
  11. 11.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  12. 12.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  13. 13.It costs ₹19 to make one glass of chai. Saanvi sells it for ₹20. What is the profit on one (in ₹)?
  14. 14.It costs ₹40 to make one fruit cup. On the last day Dev sells it for only ₹33. How much is the loss on one (in ₹)?
  15. 15.One bag of popcorn costs ₹11 to make. Aarav wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  16. 16.One clay diya costs ₹37 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  17. 17.It costs ₹8 to make one paper bookmark. Saanvi sells it for ₹19. What is the profit on one (in ₹)?
  18. 18.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  19. 19.One cupcake costs Saanvi ₹42 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.Dev makes 11 clay diyas at a cost of ₹18 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  21. 21.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  22. 22.Joseph makes 9 potted plants at a cost of ₹36 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  23. 23.True or false: “the price you sell at” is the selling price. (a) True (b) False
  24. 24.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  25. 25.It costs ₹36 to make one handmade card. On the last day Riya sells it for only ₹33. How much is the loss on one (in ₹)?
  26. 26.It costs ₹58 to make one paper bookmark. On the last day Ananya sells it for only ₹57. How much is the loss on one (in ₹)?
  27. 27.True or false: “the price you sell at” is the cost price. (a) False (b) True
  28. 28.It costs ₹20 to make one paper bookmark. On the last day Lakshmi sells it for only ₹10. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  30. 30.It costs ₹45 to make one clay diya. On the last day Gurpreet sells it for only ₹42. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  32. 32.It costs ₹23 to make one painted pebble. Kavya sells it for ₹42. What is the profit on one (in ₹)?
  33. 33.Diya makes 27 cupcakes at a cost of ₹14 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.It costs ₹39 to make one paper bookmark. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  36. 36.True or false: “money spent to get it” is the cost price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  38. 38.It costs ₹55 to make one friendship band. On the last day Ishaan sells it for only ₹45. How much is the loss on one (in ₹)?
  39. 39.It costs ₹19 to make one bag of popcorn. Tara sells it for ₹30. What is the profit on one (in ₹)?
  40. 40.One bag of popcorn costs ₹19 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. selling price
  3. 48
  4. Loss
  5. 29
  6. 3
  7. True
  8. selling price
  9. cost price
  10. 10
  11. what the buyer pays
  12. False
  13. 1
  14. 7
  15. 22
  16. 56
  17. 11
  18. SP more than CP
  19. Profit
  20. 99
  21. True
  22. 18
  23. True
  24. SP less than CP
  25. 3
  26. 1
  27. False
  28. 10
  29. cost price
  30. 3
  31. cost price
  32. 19
  33. 270
  34. True
  35. 5
  36. True
  37. selling price
  38. 10
  39. 11
  40. 24

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