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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 259 · 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: the price on your board? (a) selling price (b) cost price
  3. 3.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  4. 4.One jute bag costs Riya ₹60 to make and sells for ₹69. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.Dev makes 29 bags of popcorn at a cost of ₹21 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  7. 7.Tara makes 13 handmade cards at a cost of ₹15 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  8. 8.Kabir makes 29 potted plants at a cost of ₹21 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  9. 9.True or false: “what you paid for it” is the selling price. (a) False (b) True
  10. 10.True or false: “money got from a sale” is the cost price. (a) True (b) False
  11. 11.Vihaan makes 27 paper bookmarks at a cost of ₹37 each and sells all of them at ₹40 each. What is the total profit (in ₹)?
  12. 12.It costs ₹29 to make one painted pebble. Diya sells it for ₹37. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs ₹38 to make. Kavya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “money spent to get it” is the cost price. (a) False (b) True
  15. 15.One fruit cup costs Dev ₹52 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.Ananya makes 10 cups of lemonade at a cost of ₹22 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.One friendship band costs Dev ₹16 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.Meera makes 15 glasses of chai at a cost of ₹21 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  20. 20.One potted plant costs Farhan ₹29 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  22. 22.True or false: “cost of making one” is the selling price. (a) False (b) True
  23. 23.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  24. 24.It costs ₹53 to make one cupcake. On the last day Zoya sells it for only ₹43. How much is the loss on one (in ₹)?
  25. 25.It costs ₹5 to make one cupcake. Gurpreet sells it for ₹15. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.It costs ₹46 to make one cup of lemonade. On the last day Vihaan sells it for only ₹41. How much is the loss on one (in ₹)?
  28. 28.One painted pebble costs Riya ₹19 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  30. 30.One clay diya costs ₹29 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  31. 31.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  32. 32.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  34. 34.Ishaan makes 11 cups of lemonade at a cost of ₹38 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  35. 35.Saanvi makes 8 bags of popcorn at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  36. 36.Dev makes 30 jute bags at a cost of ₹20 each and sells all of them at ₹27 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.Kavya makes 19 potted plants at a cost of ₹18 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  39. 39.One glass of chai costs Nisha ₹49 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “what a customer pays” is the selling price. (a) True (b) False

Answer key

  1. False
  2. selling price
  3. what it cost you
  4. Profit
  5. 435
  6. cost price
  7. 39
  8. 116
  9. False
  10. False
  11. 81
  12. 8
  13. 39
  14. True
  15. Loss
  16. 130
  17. Loss
  18. selling price
  19. 75
  20. Profit
  21. SP more than CP
  22. False
  23. what the buyer pays
  24. 10
  25. 10
  26. cost price
  27. 5
  28. Loss
  29. selling price
  30. 33
  31. SP less than CP
  32. cost price
  33. selling price
  34. 110
  35. 24
  36. 210
  37. True
  38. 19
  39. Loss
  40. True

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