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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 17 · 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) the profit (c) what the buyer pays (d) what it cost you
  2. 2.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  3. 3.One clay diya costs ₹18 to make. Rohan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  4. 4.One clay diya costs Tara ₹52 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.True or false: “what a customer pays” is the selling price. (a) False (b) True
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.One friendship band costs Kabir ₹43 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.One handmade card costs Joseph ₹23 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹10 to make one glass of chai. Tara sells it for ₹11. What is the profit on one (in ₹)?
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  13. 13.True or false: “cost of making one” is the selling price. (a) True (b) False
  14. 14.It costs ₹54 to make one glass of chai. On the last day Rohan sells it for only ₹49. How much is the loss on one (in ₹)?
  15. 15.It costs ₹37 to make one bag of popcorn. Kavya sells it for ₹48. What is the profit on one (in ₹)?
  16. 16.One fruit cup costs ₹29 to make. Kabir wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  18. 18.It costs ₹59 to make one glass of chai. On the last day Arjun sells it for only ₹49. How much is the loss on one (in ₹)?
  19. 19.It costs ₹46 to make one cup of lemonade. Ananya sells it for ₹65. What is the profit on one (in ₹)?
  20. 20.It costs ₹23 to make one friendship band. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.One fruit cup costs Gurpreet ₹33 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  24. 24.It costs ₹8 to make one handmade card. Kavya sells it for ₹15. What is the profit on one (in ₹)?
  25. 25.It costs ₹48 to make one paper bookmark. Kabir sells it for ₹59. What is the profit on one (in ₹)?
  26. 26.It costs ₹24 to make one jute bag. On the last day Zoya sells it for only ₹15. How much is the loss on one (in ₹)?
  27. 27.It costs ₹53 to make one painted pebble. Gurpreet sells it for ₹61. What is the profit on one (in ₹)?
  28. 28.True or false: “money spent to get it” is the selling price. (a) True (b) False
  29. 29.It costs ₹20 to make one paper bookmark. On the last day Farhan sells it for only ₹14. How much is the loss on one (in ₹)?
  30. 30.Rohan makes 20 friendship bands at a cost of ₹23 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  31. 31.One cup of lemonade costs Vihaan ₹57 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  33. 33.It costs ₹17 to make one glass of chai. On the last day Meera sells it for only ₹12. How much is the loss on one (in ₹)?
  34. 34.It costs ₹30 to make one cup of lemonade. On the last day Diya sells it for only ₹24. How much is the loss on one (in ₹)?
  35. 35.One painted pebble costs Riya ₹26 to make and sells for ₹36. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  37. 37.It costs ₹49 to make one clay diya. On the last day Rohan sells it for only ₹42. How much is the loss on one (in ₹)?
  38. 38.It costs ₹34 to make one handmade card. Saanvi sells it for ₹41. What is the profit on one (in ₹)?
  39. 39.It costs ₹26 to make one clay diya. Rohan sells it for ₹28. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price

Answer key

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

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