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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 201 · 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.One jute bag costs Ananya ₹50 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  2. 2.True or false: “money spent to get it” is the cost price. (a) True (b) False
  3. 3.One fruit cup costs ₹15 to make. Ishaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹38 to make one jute bag. Tara sells it for ₹43. What is the profit on one (in ₹)?
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  7. 7.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  8. 8.One paper bookmark costs Zoya ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.It costs ₹27 to make one painted pebble. On the last day Dev sells it for only ₹26. How much is the loss on one (in ₹)?
  10. 10.True or false: “the price on your board” is the selling price. (a) False (b) True
  11. 11.It costs ₹29 to make one glass of chai. Dev sells it for ₹31. What is the profit on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  13. 13.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  14. 14.One cupcake costs ₹36 to make. Lakshmi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  15. 15.One cup of lemonade costs Diya ₹35 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.True or false: “what you paid for it” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  18. 18.Aarav makes 25 painted pebbles at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  19. 19.Nisha makes 7 painted pebbles at a cost of ₹29 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.One glass of chai costs Arjun ₹21 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  25. 25.One paper bookmark costs Joseph ₹59 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One fruit cup costs ₹7 to make. Vihaan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  28. 28.One cup of lemonade costs ₹17 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “cost of making one” is the selling price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  31. 31.One paper bookmark costs ₹6 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  32. 32.It costs ₹15 to make one cup of lemonade. On the last day Diya sells it for only ₹10. How much is the loss on one (in ₹)?
  33. 33.Dev makes 17 handmade cards at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  34. 34.It costs ₹19 to make one clay diya. Nisha sells it for ₹23. What is the profit on one (in ₹)?
  35. 35.One handmade card costs Rohan ₹60 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.True or false: “cost of making one” is the cost price. (a) False (b) True
  37. 37.One painted pebble costs Aarav ₹48 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.True or false: “what a customer pays” is the selling price. (a) False (b) True
  39. 39.One potted plant costs Kavya ₹57 to make and sells for ₹52. 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. Loss
  2. True
  3. 24
  4. 5
  5. False
  6. selling price
  7. what it cost you
  8. Profit
  9. 1
  10. True
  11. 2
  12. cost price
  13. what the buyer pays
  14. 49
  15. Profit
  16. True
  17. cost price
  18. 125
  19. 42
  20. selling price
  21. False
  22. Profit
  23. False
  24. SP less than CP
  25. Loss
  26. 16
  27. selling price
  28. 22
  29. False
  30. cost price
  31. 19
  32. 5
  33. 51
  34. 4
  35. Profit
  36. True
  37. Profit
  38. True
  39. Loss
  40. False

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