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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 283 · 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 means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  3. 3.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  4. 4.It costs ₹45 to make one fruit cup. Joseph sells it for ₹50. What is the profit on one (in ₹)?
  5. 5.It costs ₹64 to make one clay diya. On the last day Rohan sells it for only ₹59. How much is the loss on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  7. 7.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  8. 8.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  9. 9.It costs ₹26 to make one paper bookmark. On the last day Diya sells it for only ₹21. How much is the loss on one (in ₹)?
  10. 10.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  11. 11.It costs ₹28 to make one cup of lemonade. On the last day Zoya sells it for only ₹23. How much is the loss on one (in ₹)?
  12. 12.True or false: “money spent to get it” is the cost price. (a) False (b) True
  13. 13.Meera makes 25 cups of lemonade at a cost of ₹18 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  14. 14.True or false: “money got from a sale” is the selling price. (a) True (b) False
  15. 15.One friendship band costs ₹27 to make. Farhan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  16. 16.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  17. 17.One fruit cup costs ₹5 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  19. 19.It costs ₹50 to make one bag of popcorn. On the last day Ishaan sells it for only ₹41. How much is the loss on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.It costs ₹27 to make one handmade card. Diya sells it for ₹40. What is the profit on one (in ₹)?
  23. 23.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  24. 24.It costs ₹17 to make one cup of lemonade. On the last day Vihaan sells it for only ₹16. How much is the loss on one (in ₹)?
  25. 25.It costs ₹43 to make one bag of popcorn. On the last day Meera sells it for only ₹40. How much is the loss on one (in ₹)?
  26. 26.True or false: “the price you sell at” is the cost price. (a) True (b) False
  27. 27.One potted plant costs Riya ₹33 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.One handmade card costs ₹30 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  29. 29.True or false: “the price on your board” is the cost price. (a) True (b) False
  30. 30.One fruit cup costs Vihaan ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  32. 32.Zoya makes 13 friendship bands at a cost of ₹37 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  33. 33.True or false: “cost of making one” is the selling price. (a) False (b) True
  34. 34.It costs ₹40 to make one paper bookmark. Tara sells it for ₹56. What is the profit on one (in ₹)?
  35. 35.One cupcake costs Meera ₹44 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.Aarav makes 14 clay diyas at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.One painted pebble costs Aarav ₹59 to make and sells for ₹55. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹22 to make one friendship band. On the last day Vihaan sells it for only ₹18. How much is the loss on one (in ₹)?
  40. 40.It costs ₹26 to make one painted pebble. Meera sells it for ₹28. What is the profit on one (in ₹)?

Answer key

  1. what it cost you
  2. True
  3. cost price
  4. 5
  5. 5
  6. cost price
  7. selling price
  8. what the buyer pays
  9. 5
  10. selling price
  11. 5
  12. True
  13. 325
  14. True
  15. 33
  16. SP more than CP
  17. 11
  18. cost price
  19. 9
  20. selling price
  21. cost price
  22. 13
  23. SP less than CP
  24. 1
  25. 3
  26. False
  27. Loss
  28. 43
  29. False
  30. Loss
  31. selling price
  32. 13
  33. False
  34. 16
  35. Profit
  36. 112
  37. False
  38. Loss
  39. 4
  40. 2

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