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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 229 · 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.

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  1. 1.True or false: “the price you sell at” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the loss (d) the stall fee
  4. 4.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  5. 5.Riya makes 10 handmade cards at a cost of ₹6 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  6. 6.One jute bag costs ₹11 to make. Riya wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  7. 7.One painted pebble costs Zoya ₹24 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.True or false: “what you paid for it” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  10. 10.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) always (d) SP more than CP
  11. 11.True or false: “the price on your board” is the cost price. (a) False (b) True
  12. 12.One glass of chai costs ₹33 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.One bag of popcorn costs ₹59 to make. Gurpreet wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.True or false: “money spent to get it” is the cost price. (a) False (b) True
  17. 17.One cupcake costs Diya ₹33 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  19. 19.One painted pebble costs Arjun ₹40 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹9 to make one friendship band. Dev sells it for ₹17. What is the profit on one (in ₹)?
  21. 21.It costs ₹61 to make one potted plant. On the last day Vihaan sells it for only ₹59. How much is the loss on one (in ₹)?
  22. 22.It costs ₹15 to make one glass of chai. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  24. 24.One fruit cup costs ₹11 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹9 to make one friendship band. On the last day Saanvi sells it for only ₹5. How much is the loss on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) False (b) True
  27. 27.One handmade card costs Zoya ₹29 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.Zoya makes 9 jute bags at a cost of ₹30 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  29. 29.It costs ₹55 to make one handmade card. Kabir sells it for ₹67. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  31. 31.It costs ₹6 to make one potted plant. Rohan sells it for ₹11. What is the profit on one (in ₹)?
  32. 32.One fruit cup costs Kabir ₹58 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹30 to make one cupcake. Saanvi sells it for ₹38. What is the profit on one (in ₹)?
  34. 34.It costs ₹45 to make one cup of lemonade. On the last day Joseph sells it for only ₹43. How much is the loss on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.It costs ₹48 to make one bag of popcorn. Lakshmi sells it for ₹64. What is the profit on one (in ₹)?
  37. 37.Rohan makes 20 painted pebbles at a cost of ₹15 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  39. 39.It costs ₹36 to make one friendship band. On the last day Ishaan sells it for only ₹35. How much is the loss on one (in ₹)?
  40. 40.Vihaan makes 16 fruit cups at a cost of ₹9 each and sells all of them at ₹24 each. What is the total profit (in ₹)?

Answer key

  1. True
  2. cost price
  3. what the buyer pays
  4. True
  5. 50
  6. 21
  7. Loss
  8. False
  9. cost price
  10. SP less than CP
  11. False
  12. 42
  13. cost price
  14. 70
  15. True
  16. True
  17. Profit
  18. SP more than CP
  19. Profit
  20. 8
  21. 2
  22. 18
  23. selling price
  24. 12
  25. 4
  26. False
  27. Loss
  28. 45
  29. 12
  30. selling price
  31. 5
  32. Profit
  33. 8
  34. 2
  35. False
  36. 16
  37. 260
  38. what it cost you
  39. 1
  40. 240

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