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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 256 · 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: what you paid for it? (a) cost price (b) selling price
  2. 2.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.It costs ₹33 to make one potted plant. On the last day Dev sells it for only ₹23. How much is the loss on one (in ₹)?
  5. 5.It costs ₹24 to make one cup of lemonade. On the last day Dev sells it for only ₹17. How much is the loss on one (in ₹)?
  6. 6.It costs ₹32 to make one painted pebble. On the last day Ishaan sells it for only ₹30. How much is the loss on one (in ₹)?
  7. 7.It costs ₹7 to make one cup of lemonade. On the last day Rohan sells it for only ₹5. How much is the loss on one (in ₹)?
  8. 8.It costs ₹49 to make one glass of chai. Aarav sells it for ₹54. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  10. 10.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  12. 12.It costs ₹59 to make one cupcake. Ishaan sells it for ₹74. What is the profit on one (in ₹)?
  13. 13.One bag of popcorn costs Riya ₹26 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  16. 16.One painted pebble costs Meera ₹27 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One fruit cup costs Rohan ₹20 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.It costs ₹10 to make one clay diya. On the last day Dev sells it for only ₹6. How much is the loss on one (in ₹)?
  20. 20.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  21. 21.One handmade card costs Nisha ₹17 to make and sells for ₹15. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.One cup of lemonade costs ₹57 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹57 to make one bag of popcorn. Rohan sells it for ₹63. What is the profit on one (in ₹)?
  24. 24.One jute bag costs Gurpreet ₹28 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹41 to make one glass of chai. Gurpreet sells it for ₹44. What is the profit on one (in ₹)?
  26. 26.One handmade card costs ₹55 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹43 to make one cupcake. Gurpreet sells it for ₹54. What is the profit on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  29. 29.One bag of popcorn costs Gurpreet ₹34 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.One friendship band costs Aarav ₹43 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.True or false: “what you paid for it” is the selling price. (a) False (b) True
  32. 32.It costs ₹19 to make one fruit cup. On the last day Kavya sells it for only ₹16. How much is the loss on one (in ₹)?
  33. 33.True or false: “what a customer pays” is the cost price. (a) True (b) False
  34. 34.True or false: “cost of making one” is the selling price. (a) False (b) True
  35. 35.It costs ₹41 to make one handmade card. Kabir sells it for ₹58. What is the profit on one (in ₹)?
  36. 36.Lakshmi makes 12 jute bags at a cost of ₹36 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  38. 38.It costs ₹22 to make one clay diya. Meera sells it for ₹29. What is the profit on one (in ₹)?
  39. 39.True or false: “the price you sell at” is the cost price. (a) False (b) True
  40. 40.It costs ₹58 to make one painted pebble. On the last day Meera sells it for only ₹56. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. what the buyer pays
  3. selling price
  4. 10
  5. 7
  6. 2
  7. 2
  8. 5
  9. what it cost you
  10. cost price
  11. SP more than CP
  12. 15
  13. Loss
  14. selling price
  15. selling price
  16. Loss
  17. Profit
  18. selling price
  19. 4
  20. SP less than CP
  21. Loss
  22. 60
  23. 6
  24. Profit
  25. 3
  26. 64
  27. 11
  28. cost price
  29. Profit
  30. Profit
  31. False
  32. 3
  33. False
  34. False
  35. 17
  36. 96
  37. True
  38. 7
  39. False
  40. 2

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