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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 289 · 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.One fruit cup costs Kabir ₹22 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  2. 2.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  4. 4.True or false: “money got from a sale” is the selling price. (a) False (b) True
  5. 5.It costs ₹23 to make one potted plant. On the last day Ananya sells it for only ₹16. How much is the loss on one (in ₹)?
  6. 6.One painted pebble costs ₹20 to make. Kavya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  7. 7.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  8. 8.It costs ₹30 to make one cupcake. On the last day Aarav sells it for only ₹28. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  10. 10.True or false: “what you paid for it” is the selling price. (a) True (b) False
  11. 11.True or false: “the price on your board” is the cost price. (a) False (b) True
  12. 12.One potted plant costs ₹21 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹55 to make one handmade card. Farhan sells it for ₹75. What is the profit on one (in ₹)?
  14. 14.True or false: “the price on your board” is the selling price. (a) False (b) True
  15. 15.One fruit cup costs Nisha ₹33 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.Meera makes 7 fruit cups at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  18. 18.It costs ₹45 to make one clay diya. On the last day Lakshmi sells it for only ₹44. How much is the loss on one (in ₹)?
  19. 19.True or false: “the price you sell at” is the selling price. (a) False (b) True
  20. 20.One cupcake costs ₹23 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  21. 21.One painted pebble costs ₹12 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) False (b) True
  23. 23.One paper bookmark costs ₹40 to make. Diya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  24. 24.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  25. 25.True or false: “what a customer pays” is the cost price. (a) False (b) True
  26. 26.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  27. 27.One handmade card costs Gurpreet ₹34 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹35 to make one glass of chai. On the last day Zoya sells it for only ₹29. How much is the loss on one (in ₹)?
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  30. 30.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  31. 31.One clay diya costs Joseph ₹24 to make and sells for ₹23. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One fruit cup costs ₹45 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.One clay diya costs Vihaan ₹40 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹60 to make one potted plant. Vihaan sells it for ₹61. What is the profit on one (in ₹)?
  35. 35.It costs ₹22 to make one jute bag. On the last day Lakshmi sells it for only ₹13. How much is the loss on one (in ₹)?
  36. 36.True or false: “what a customer pays” is the selling price. (a) True (b) False
  37. 37.It costs ₹31 to make one fruit cup. Rohan sells it for ₹37. What is the profit on one (in ₹)?
  38. 38.One paper bookmark costs Ananya ₹54 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹22 to make one potted plant. Riya sells it for ₹23. What is the profit on one (in ₹)?
  40. 40.True or false: “cost of making one” is the cost price. (a) False (b) True

Answer key

  1. Loss
  2. selling price
  3. what the buyer pays
  4. True
  5. 7
  6. 28
  7. SP more than CP
  8. 2
  9. selling price
  10. False
  11. False
  12. 26
  13. 20
  14. True
  15. Loss
  16. selling price
  17. 84
  18. 1
  19. True
  20. 39
  21. 16
  22. False
  23. 57
  24. SP less than CP
  25. False
  26. what it cost you
  27. Loss
  28. 6
  29. cost price
  30. cost price
  31. Loss
  32. 48
  33. Loss
  34. 1
  35. 9
  36. True
  37. 6
  38. Profit
  39. 1
  40. True

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