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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 290 · 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 selling price. (a) True (b) False
  2. 2.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  3. 3.Diya makes 29 bags of popcorn at a cost of ₹16 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  6. 6.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  7. 7.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  8. 8.It costs ₹16 to make one jute bag. On the last day Rohan sells it for only ₹15. How much is the loss on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  10. 10.One glass of chai costs ₹8 to make. Farhan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  11. 11.It costs ₹57 to make one fruit cup. On the last day Rohan sells it for only ₹51. How much is the loss on one (in ₹)?
  12. 12.It costs ₹65 to make one paper bookmark. On the last day Arjun sells it for only ₹57. How much is the loss on one (in ₹)?
  13. 13.True or false: “what a customer pays” is the cost price. (a) False (b) True
  14. 14.One fruit cup costs ₹15 to make. Aarav wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  16. 16.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  17. 17.True or false: “cost of making one” is the cost price. (a) False (b) True
  18. 18.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  19. 19.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  20. 20.Gurpreet makes 28 painted pebbles at a cost of ₹8 each and sells all of them at ₹9 each. What is the total profit (in ₹)?
  21. 21.True or false: “money got from a sale” is the selling price. (a) False (b) True
  22. 22.True or false: “the price on your board” is the cost price. (a) False (b) True
  23. 23.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  24. 24.One clay diya costs ₹11 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  25. 25.It costs ₹13 to make one glass of chai. On the last day Diya sells it for only ₹12. How much is the loss on one (in ₹)?
  26. 26.It costs ₹25 to make one bag of popcorn. Aarav sells it for ₹43. What is the profit on one (in ₹)?
  27. 27.One fruit cup costs Farhan ₹20 to make and sells for ₹10. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “money spent to get it” is the cost price. (a) False (b) True
  29. 29.It costs ₹30 to make one painted pebble. On the last day Zoya sells it for only ₹29. How much is the loss on one (in ₹)?
  30. 30.It costs ₹18 to make one cup of lemonade. Joseph sells it for ₹21. What is the profit on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  32. 32.One cupcake costs ₹21 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  34. 34.One bag of popcorn costs ₹55 to make. Tara wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “money spent to get it” is the selling price. (a) True (b) False
  36. 36.One paper bookmark costs Farhan ₹29 to make and sells for ₹33. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.True or false: “what you paid for it” is the cost price. (a) True (b) False
  38. 38.True or false: “what a customer pays” is the selling price. (a) True (b) False
  39. 39.It costs ₹25 to make one glass of chai. Gurpreet sells it for ₹45. What is the profit on one (in ₹)?
  40. 40.One cupcake costs Arjun ₹60 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. True
  2. True
  3. 319
  4. selling price
  5. cost price
  6. cost price
  7. what it cost you
  8. 1
  9. False
  10. 15
  11. 6
  12. 8
  13. False
  14. 20
  15. cost price
  16. SP less than CP
  17. True
  18. selling price
  19. SP more than CP
  20. 28
  21. True
  22. False
  23. what the buyer pays
  24. 26
  25. 1
  26. 18
  27. Loss
  28. True
  29. 1
  30. 3
  31. cost price
  32. 27
  33. selling price
  34. 60
  35. False
  36. Profit
  37. True
  38. True
  39. 20
  40. Loss

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