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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 253 · 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.True or false: “the price on your board” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.True or false: “cost of making one” is the cost price. (a) True (b) False
  6. 6.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  7. 7.True or false: “what a customer pays” is the selling price. (a) True (b) False
  8. 8.It costs ₹13 to make one cupcake. Meera sells it for ₹33. What is the profit on one (in ₹)?
  9. 9.One friendship band costs ₹53 to make. Ishaan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  10. 10.Rohan makes 30 painted pebbles at a cost of ₹18 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  11. 11.It costs ₹31 to make one cup of lemonade. On the last day Joseph sells it for only ₹27. How much is the loss on one (in ₹)?
  12. 12.One glass of chai costs ₹42 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  13. 13.One cupcake costs ₹26 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  14. 14.It costs ₹45 to make one glass of chai. Meera sells it for ₹53. What is the profit on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.One friendship band costs Rohan ₹18 to make and sells for ₹6. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “the price on your board” is the selling price. (a) False (b) True
  18. 18.It costs ₹25 to make one clay diya. On the last day Ananya sells it for only ₹16. How much is the loss on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) True (b) False
  20. 20.It costs ₹43 to make one potted plant. Gurpreet sells it for ₹59. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  23. 23.One fruit cup costs Diya ₹24 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  25. 25.One cup of lemonade costs Kavya ₹23 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “the price you sell at” is the selling price. (a) True (b) False
  27. 27.It costs ₹29 to make one clay diya. Vihaan sells it for ₹40. What is the profit on one (in ₹)?
  28. 28.One glass of chai costs Dev ₹49 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.True or false: “money spent to get it” is the cost price. (a) True (b) False
  30. 30.📈 When is there a profit? (a) never (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  31. 31.One paper bookmark costs ₹35 to make. Aarav wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  32. 32.One friendship band costs Rohan ₹36 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹28 to make one paper bookmark. Rohan sells it for ₹44. What is the profit on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.One painted pebble costs ₹20 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹30 to make one paper bookmark. On the last day Ananya sells it for only ₹22. How much is the loss on one (in ₹)?
  37. 37.Diya makes 10 clay diyas at a cost of ₹7 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  38. 38.One friendship band costs Nisha ₹18 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹37 to make one clay diya. Tara sells it for ₹47. What is the profit on one (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) False (b) True

Answer key

  1. False
  2. selling price
  3. what it cost you
  4. cost price
  5. True
  6. SP less than CP
  7. True
  8. 20
  9. 64
  10. 150
  11. 4
  12. 47
  13. 32
  14. 8
  15. True
  16. Loss
  17. True
  18. 9
  19. True
  20. 16
  21. cost price
  22. what the buyer pays
  23. Loss
  24. selling price
  25. Loss
  26. True
  27. 11
  28. Loss
  29. True
  30. SP more than CP
  31. 51
  32. Loss
  33. 16
  34. False
  35. 31
  36. 8
  37. 90
  38. Loss
  39. 10
  40. False

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