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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 254 · 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 or selling price: money got from a sale? (a) selling price (b) cost price
  2. 2.Farhan makes 20 cups of lemonade at a cost of ₹21 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  3. 3.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  4. 4.True or false: “what a customer pays” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  6. 6.It costs ₹55 to make one friendship band. On the last day Joseph sells it for only ₹46. How much is the loss on one (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.True or false: “money spent to get it” is the cost price. (a) True (b) False
  10. 10.True or false: “what you paid for it” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.One cup of lemonade costs Nisha ₹60 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.One paper bookmark costs Dev ₹51 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  15. 15.True or false: “the price on your board” is the cost price. (a) False (b) True
  16. 16.One cupcake costs ₹14 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “cost of making one” is the cost price. (a) True (b) False
  18. 18.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  19. 19.It costs ₹19 to make one painted pebble. On the last day Arjun sells it for only ₹10. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) True (b) False
  21. 21.True or false: “money got from a sale” is the cost price. (a) False (b) True
  22. 22.One fruit cup costs Tara ₹40 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  24. 24.It costs ₹39 to make one bag of popcorn. Kabir sells it for ₹51. What is the profit on one (in ₹)?
  25. 25.One glass of chai costs ₹6 to make. Nisha wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  26. 26.Rohan makes 9 jute bags at a cost of ₹25 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) the discount (d) what it cost you
  28. 28.One clay diya costs Riya ₹59 to make and sells for ₹63. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  30. 30.Joseph makes 23 glasses of chai at a cost of ₹17 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  31. 31.True or false: “the price you sell at” is the cost price. (a) True (b) False
  32. 32.One potted plant costs Meera ₹36 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  34. 34.One friendship band costs ₹16 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  35. 35.One potted plant costs ₹36 to make. Diya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  36. 36.One clay diya costs Lakshmi ₹21 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One fruit cup costs ₹17 to make. Ananya wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹28 to make one cupcake. On the last day Aarav sells it for only ₹27. How much is the loss on one (in ₹)?
  39. 39.Tara makes 21 glasses of chai at a cost of ₹5 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  40. 40.It costs ₹59 to make one clay diya. On the last day Diya sells it for only ₹54. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. 40
  3. what the buyer pays
  4. False
  5. selling price
  6. 9
  7. False
  8. selling price
  9. True
  10. True
  11. cost price
  12. Loss
  13. Profit
  14. cost price
  15. False
  16. 19
  17. True
  18. SP less than CP
  19. 9
  20. True
  21. False
  22. Loss
  23. selling price
  24. 12
  25. 8
  26. 117
  27. what it cost you
  28. Profit
  29. cost price
  30. 92
  31. False
  32. Profit
  33. cost price
  34. 25
  35. 41
  36. Loss
  37. 19
  38. 1
  39. 126
  40. 5

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