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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 195 · 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.💵 Selling price means… (a) the stall fee (b) what it cost you (c) what the buyer pays (d) the loss
  2. 2.It costs ₹6 to make one potted plant. On the last day Farhan sells it for only ₹5. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.One friendship band costs ₹56 to make. Nisha wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.True or false: “money spent to get it” is the selling price. (a) False (b) True
  8. 8.One paper bookmark costs ₹46 to make. Kavya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “cost of making one” is the selling price. (a) True (b) False
  10. 10.It costs ₹46 to make one glass of chai. Saanvi sells it for ₹52. What is the profit on one (in ₹)?
  11. 11.It costs ₹32 to make one cup of lemonade. Diya sells it for ₹38. What is the profit on one (in ₹)?
  12. 12.It costs ₹60 to make one bag of popcorn. Farhan sells it for ₹72. What is the profit on one (in ₹)?
  13. 13.Nisha makes 8 bags of popcorn at a cost of ₹34 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  15. 15.True or false: “the price you sell at” is the cost price. (a) False (b) True
  16. 16.One fruit cup costs Ananya ₹46 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One glass of chai costs ₹36 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  18. 18.Riya makes 7 potted plants at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  19. 19.One painted pebble costs ₹55 to make. Kavya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  22. 22.It costs ₹30 to make one potted plant. Meera sells it for ₹32. What is the profit on one (in ₹)?
  23. 23.True or false: “the price you sell at” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  25. 25.Diya makes 27 clay diyas at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  26. 26.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  28. 28.True or false: “money got from a sale” is the cost price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the selling price. (a) True (b) False
  30. 30.One friendship band costs ₹59 to make. Arjun wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  32. 32.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  33. 33.It costs ₹57 to make one friendship band. Meera sells it for ₹68. What is the profit on one (in ₹)?
  34. 34.One jute bag costs Vihaan ₹18 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.One fruit cup costs Vihaan ₹26 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.Aarav makes 25 bags of popcorn at a cost of ₹32 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  38. 38.One clay diya costs ₹44 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “money got from a sale” is the selling price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price

Answer key

  1. what the buyer pays
  2. 1
  3. what it cost you
  4. selling price
  5. 74
  6. False
  7. False
  8. 63
  9. False
  10. 6
  11. 6
  12. 12
  13. 88
  14. selling price
  15. False
  16. Loss
  17. 38
  18. 35
  19. 71
  20. cost price
  21. cost price
  22. 2
  23. True
  24. cost price
  25. 108
  26. SP more than CP
  27. selling price
  28. False
  29. False
  30. 77
  31. selling price
  32. False
  33. 11
  34. Profit
  35. False
  36. Loss
  37. 250
  38. 62
  39. True
  40. cost price

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