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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 266 · 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: “what you paid for it” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  3. 3.True or false: “money spent to get it” is the cost price. (a) True (b) False
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  5. 5.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) always (d) SP less than CP
  6. 6.One handmade card costs Tara ₹23 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹30 to make one handmade card. Ananya sells it for ₹35. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.It costs ₹58 to make one glass of chai. On the last day Gurpreet sells it for only ₹51. How much is the loss on one (in ₹)?
  10. 10.It costs ₹7 to make one painted pebble. Joseph sells it for ₹17. What is the profit on one (in ₹)?
  11. 11.One jute bag costs ₹52 to make. Kabir wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  12. 12.It costs ₹39 to make one clay diya. Riya sells it for ₹42. What is the profit on one (in ₹)?
  13. 13.It costs ₹28 to make one cup of lemonade. Diya sells it for ₹32. What is the profit on one (in ₹)?
  14. 14.One painted pebble costs ₹50 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “cost of making one” is the selling price. (a) False (b) True
  16. 16.Riya makes 27 potted plants at a cost of ₹14 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  17. 17.Nisha makes 23 cupcakes at a cost of ₹25 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  18. 18.One paper bookmark costs Saanvi ₹57 to make and sells for ₹68. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “money got from a sale” is the selling price. (a) False (b) True
  20. 20.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  21. 21.It costs ₹27 to make one paper bookmark. Meera sells it for ₹33. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  23. 23.True or false: “the price on your board” is the cost price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  25. 25.One painted pebble costs Rohan ₹53 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.It costs ₹24 to make one handmade card. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the selling price. (a) True (b) False
  28. 28.💵 Selling price means… (a) the loss (b) what the buyer pays (c) the stall fee (d) what it cost you
  29. 29.True or false: “money got from a sale” is the cost price. (a) True (b) False
  30. 30.It costs ₹20 to make one cup of lemonade. On the last day Farhan sells it for only ₹10. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  32. 32.True or false: “the price on your board” is the selling price. (a) False (b) True
  33. 33.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  34. 34.True or false: “cost of making one” is the cost price. (a) False (b) True
  35. 35.It costs ₹37 to make one paper bookmark. On the last day Diya sells it for only ₹34. How much is the loss on one (in ₹)?
  36. 36.Zoya makes 29 glasses of chai at a cost of ₹27 each and sells all of them at ₹42 each. What is the total profit (in ₹)?
  37. 37.Riya makes 20 glasses of chai at a cost of ₹9 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  38. 38.One potted plant costs ₹20 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.It costs ₹6 to make one handmade card. Joseph sells it for ₹17. What is the profit on one (in ₹)?
  40. 40.One painted pebble costs ₹10 to make. Aarav wants a profit of ₹18 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. what it cost you
  3. True
  4. selling price
  5. SP less than CP
  6. Loss
  7. 5
  8. cost price
  9. 7
  10. 10
  11. 58
  12. 3
  13. 4
  14. 54
  15. False
  16. 81
  17. 69
  18. Profit
  19. True
  20. SP more than CP
  21. 6
  22. cost price
  23. False
  24. selling price
  25. Loss
  26. 8
  27. False
  28. what the buyer pays
  29. False
  30. 10
  31. cost price
  32. True
  33. cost price
  34. True
  35. 3
  36. 435
  37. 140
  38. 40
  39. 11
  40. 28

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