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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 124 · 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 you paid for it? (a) selling price (b) cost price
  2. 2.True or false: “money got from a sale” is the cost price. (a) False (b) True
  3. 3.It costs ₹45 to make one cupcake. Farhan sells it for ₹50. What is the profit on one (in ₹)?
  4. 4.It costs ₹11 to make one handmade card. Tara sells it for ₹22. What is the profit on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.Ishaan makes 11 handmade cards at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  9. 9.True or false: “money spent to get it” is the cost price. (a) False (b) True
  10. 10.One jute bag costs ₹21 to make. Meera wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  12. 12.It costs ₹45 to make one handmade card. Lakshmi sells it for ₹63. What is the profit on one (in ₹)?
  13. 13.True or false: “the price on your board” is the cost price. (a) False (b) True
  14. 14.It costs ₹5 to make one fruit cup. Tara sells it for ₹24. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  17. 17.It costs ₹47 to make one cupcake. On the last day Kavya sells it for only ₹46. How much is the loss on one (in ₹)?
  18. 18.True or false: “cost of making one” is the selling price. (a) False (b) True
  19. 19.One fruit cup costs Dev ₹49 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹9 to make one fruit cup. On the last day Farhan sells it for only ₹8. How much is the loss on one (in ₹)?
  21. 21.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  22. 22.True or false: “what a customer pays” is the cost price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  24. 24.It costs ₹13 to make one handmade card. Ishaan sells it for ₹19. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  26. 26.One handmade card costs ₹38 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹46 to make one cup of lemonade. On the last day Rohan sells it for only ₹43. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  29. 29.One bag of popcorn costs ₹9 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  30. 30.It costs ₹12 to make one glass of chai. On the last day Joseph sells it for only ₹8. How much is the loss on one (in ₹)?
  31. 31.One painted pebble costs ₹31 to make. Zoya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  32. 32.One cup of lemonade costs Tara ₹34 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹18 to make one potted plant. On the last day Farhan sells it for only ₹12. How much is the loss on one (in ₹)?
  34. 34.Gurpreet makes 6 paper bookmarks at a cost of ₹9 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  35. 35.It costs ₹51 to make one potted plant. On the last day Aarav sells it for only ₹49. How much is the loss on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  37. 37.Farhan makes 9 friendship bands at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  38. 38.Arjun makes 10 paper bookmarks at a cost of ₹37 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  39. 39.One cup of lemonade costs Joseph ₹27 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “what you paid for it” is the selling price. (a) True (b) False

Answer key

  1. cost price
  2. False
  3. 5
  4. 11
  5. True
  6. True
  7. cost price
  8. 132
  9. True
  10. 37
  11. SP more than CP
  12. 18
  13. False
  14. 19
  15. selling price
  16. SP less than CP
  17. 1
  18. False
  19. Profit
  20. 1
  21. what the buyer pays
  22. False
  23. cost price
  24. 6
  25. what it cost you
  26. 53
  27. 3
  28. cost price
  29. 17
  30. 4
  31. 35
  32. Profit
  33. 6
  34. 6
  35. 2
  36. selling price
  37. 9
  38. 130
  39. Profit
  40. False

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