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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 166 · 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: “cost of making one” is the cost price. (a) False (b) True
  2. 2.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  5. 5.True or false: “what you paid for it” is the selling price. (a) False (b) True
  6. 6.True or false: “what a customer pays” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  8. 8.One clay diya costs ₹42 to make. Saanvi wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  9. 9.One handmade card costs ₹48 to make. Zoya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  10. 10.True or false: “what a customer pays” is the cost price. (a) True (b) False
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  13. 13.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  14. 14.One glass of chai costs Dev ₹49 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “the price on your board” is the cost price. (a) True (b) False
  16. 16.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  17. 17.It costs ₹33 to make one painted pebble. On the last day Kavya sells it for only ₹30. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  19. 19.One bag of popcorn costs Farhan ₹20 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  21. 21.True or false: “cost of making one” is the selling price. (a) True (b) False
  22. 22.One fruit cup costs Kabir ₹47 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  28. 28.It costs ₹19 to make one glass of chai. Ananya sells it for ₹37. What is the profit on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  30. 30.It costs ₹11 to make one clay diya. Ishaan sells it for ₹26. What is the profit on one (in ₹)?
  31. 31.Aarav makes 30 potted plants at a cost of ₹11 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  32. 32.Joseph makes 28 paper bookmarks at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  33. 33.It costs ₹6 to make one glass of chai. Zoya sells it for ₹23. What is the profit on one (in ₹)?
  34. 34.One friendship band costs ₹10 to make. Ishaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹45 to make one cupcake. Meera sells it for ₹62. What is the profit on one (in ₹)?
  36. 36.It costs ₹47 to make one painted pebble. Joseph sells it for ₹49. What is the profit on one (in ₹)?
  37. 37.It costs ₹61 to make one jute bag. On the last day Vihaan sells it for only ₹53. How much is the loss on one (in ₹)?
  38. 38.It costs ₹61 to make one clay diya. On the last day Ishaan sells it for only ₹54. How much is the loss on one (in ₹)?
  39. 39.It costs ₹9 to make one clay diya. Ananya sells it for ₹12. What is the profit on one (in ₹)?
  40. 40.True or false: “money got from a sale” is the cost price. (a) False (b) True

Answer key

  1. True
  2. what the buyer pays
  3. True
  4. cost price
  5. False
  6. True
  7. cost price
  8. 50
  9. 56
  10. False
  11. SP more than CP
  12. True
  13. False
  14. Loss
  15. False
  16. what it cost you
  17. 3
  18. selling price
  19. Loss
  20. cost price
  21. False
  22. Profit
  23. SP less than CP
  24. True
  25. cost price
  26. True
  27. selling price
  28. 18
  29. selling price
  30. 15
  31. 360
  32. 168
  33. 17
  34. 19
  35. 17
  36. 2
  37. 8
  38. 7
  39. 3
  40. False

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