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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 263 · 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.True or false: “what a customer pays” is the selling price. (a) True (b) False
  3. 3.It costs ₹34 to make one glass of chai. Dev sells it for ₹42. What is the profit on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) always
  5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  6. 6.It costs ₹44 to make one clay diya. On the last day Riya sells it for only ₹39. How much is the loss on one (in ₹)?
  7. 7.One clay diya costs Kabir ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  9. 9.True or false: “money got from a sale” is the cost price. (a) True (b) False
  10. 10.It costs ₹36 to make one potted plant. Riya sells it for ₹52. What is the profit on one (in ₹)?
  11. 11.One handmade card costs ₹43 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.One paper bookmark costs ₹22 to make. Dev wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  14. 14.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  15. 15.It costs ₹11 to make one potted plant. Ananya sells it for ₹29. What is the profit on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.One paper bookmark costs Ananya ₹43 to make and sells for ₹39. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One paper bookmark costs ₹7 to make. Arjun wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.True or false: “what a customer pays” is the cost price. (a) True (b) False
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.True or false: “what you paid for it” is the selling price. (a) True (b) False
  24. 24.One glass of chai costs ₹49 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.True or false: “the price on your board” is the selling price. (a) False (b) True
  26. 26.It costs ₹43 to make one jute bag. Arjun sells it for ₹58. What is the profit on one (in ₹)?
  27. 27.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  28. 28.One friendship band costs Joseph ₹47 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.Meera makes 17 handmade cards at a cost of ₹15 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  30. 30.It costs ₹60 to make one cup of lemonade. On the last day Vihaan sells it for only ₹57. How much is the loss on one (in ₹)?
  31. 31.One potted plant costs Rohan ₹26 to make and sells for ₹16. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  33. 33.It costs ₹40 to make one paper bookmark. Ishaan sells it for ₹58. What is the profit on one (in ₹)?
  34. 34.Aarav makes 25 potted plants at a cost of ₹12 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  35. 35.It costs ₹15 to make one cup of lemonade. On the last day Aarav sells it for only ₹13. How much is the loss on one (in ₹)?
  36. 36.One clay diya costs ₹54 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  37. 37.One handmade card costs ₹44 to make. Tara wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.One paper bookmark costs ₹29 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹51 to make one cup of lemonade. Dev sells it for ₹63. What is the profit on one (in ₹)?
  40. 40.One fruit cup costs Diya ₹36 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. selling price
  2. True
  3. 8
  4. SP less than CP
  5. what the buyer pays
  6. 5
  7. Profit
  8. True
  9. False
  10. 16
  11. 44
  12. 40
  13. what it cost you
  14. cost price
  15. 18
  16. selling price
  17. True
  18. cost price
  19. Loss
  20. 11
  21. False
  22. False
  23. False
  24. 55
  25. True
  26. 15
  27. SP more than CP
  28. Profit
  29. 34
  30. 3
  31. Loss
  32. cost price
  33. 18
  34. 150
  35. 2
  36. 58
  37. 54
  38. 35
  39. 12
  40. Loss

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