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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 207 · 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) what the buyer pays (c) what it cost you (d) the profit
  2. 2.True or false: “what you paid for it” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  5. 5.It costs ₹27 to make one fruit cup. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  6. 6.It costs ₹37 to make one clay diya. On the last day Kabir sells it for only ₹29. How much is the loss on one (in ₹)?
  7. 7.One handmade card costs ₹23 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹35 to make one cup of lemonade. Zoya sells it for ₹51. What is the profit on one (in ₹)?
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.Kavya makes 30 friendship bands at a cost of ₹11 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  11. 11.It costs ₹36 to make one paper bookmark. On the last day Zoya sells it for only ₹27. How much is the loss on one (in ₹)?
  12. 12.Diya makes 17 painted pebbles at a cost of ₹22 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.Ananya makes 25 cupcakes at a cost of ₹5 each and sells all of them at ₹7 each. What is the total profit (in ₹)?
  15. 15.True or false: “cost of making one” is the cost price. (a) True (b) False
  16. 16.It costs ₹35 to make one paper bookmark. On the last day Rohan sells it for only ₹34. How much is the loss on one (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.True or false: “the price on your board” is the cost price. (a) False (b) True
  19. 19.Diya makes 20 bags of popcorn at a cost of ₹13 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  20. 20.It costs ₹31 to make one glass of chai. Dev sells it for ₹34. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  22. 22.True or false: “money spent to get it” is the cost price. (a) False (b) True
  23. 23.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  24. 24.It costs ₹31 to make one clay diya. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  25. 25.It costs ₹49 to make one fruit cup. On the last day Rohan sells it for only ₹41. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  27. 27.It costs ₹48 to make one handmade card. Dev sells it for ₹51. What is the profit on one (in ₹)?
  28. 28.One clay diya costs Vihaan ₹53 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.True or false: “the price you sell at” is the selling price. (a) False (b) True
  30. 30.Aarav makes 29 friendship bands at a cost of ₹25 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  31. 31.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  32. 32.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  33. 33.One glass of chai costs ₹44 to make. Lakshmi wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money spent to get it” is the selling price. (a) True (b) False
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  36. 36.Meera makes 28 cups of lemonade at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  37. 37.One handmade card costs Zoya ₹56 to make and sells for ₹69. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One paper bookmark costs Zoya ₹31 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  40. 40.One paper bookmark costs ₹39 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?

Answer key

  1. what it cost you
  2. False
  3. cost price
  4. SP more than CP
  5. 6
  6. 8
  7. 40
  8. 16
  9. True
  10. 150
  11. 9
  12. 187
  13. cost price
  14. 50
  15. True
  16. 1
  17. selling price
  18. False
  19. 80
  20. 3
  21. cost price
  22. True
  23. SP less than CP
  24. 2
  25. 8
  26. selling price
  27. 3
  28. Loss
  29. True
  30. 203
  31. what the buyer pays
  32. selling price
  33. 51
  34. False
  35. True
  36. 56
  37. Profit
  38. Loss
  39. selling price
  40. 59

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