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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 298 · 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.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  2. 2.It costs ₹50 to make one glass of chai. On the last day Kabir sells it for only ₹49. How much is the loss on one (in ₹)?
  3. 3.It costs ₹17 to make one clay diya. Vihaan sells it for ₹24. What is the profit on one (in ₹)?
  4. 4.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  8. 8.It costs ₹60 to make one handmade card. Vihaan sells it for ₹71. What is the profit on one (in ₹)?
  9. 9.It costs ₹50 to make one painted pebble. On the last day Ishaan sells it for only ₹44. How much is the loss on one (in ₹)?
  10. 10.One cup of lemonade costs ₹12 to make. Vihaan wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  12. 12.One clay diya costs ₹6 to make. Farhan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  13. 13.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.It costs ₹26 to make one handmade card. On the last day Nisha sells it for only ₹19. How much is the loss on one (in ₹)?
  16. 16.One handmade card costs Nisha ₹54 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One painted pebble costs Kabir ₹26 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “what a customer pays” is the selling price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One potted plant costs Joseph ₹17 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  22. 22.One cup of lemonade costs ₹34 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  23. 23.Vihaan makes 20 bags of popcorn at a cost of ₹32 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.One fruit cup costs Riya ₹29 to make and sells for ₹33. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.True or false: “money got from a sale” is the selling price. (a) False (b) True
  27. 27.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  28. 28.One paper bookmark costs Saanvi ₹60 to make and sells for ₹65. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.One jute bag costs Ananya ₹17 to make and sells for ₹13. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹20 to make one bag of popcorn. On the last day Zoya sells it for only ₹16. How much is the loss on one (in ₹)?
  31. 31.True or false: “the price on your board” is the cost price. (a) True (b) False
  32. 32.It costs ₹31 to make one cupcake. On the last day Tara sells it for only ₹27. How much is the loss on one (in ₹)?
  33. 33.It costs ₹13 to make one handmade card. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  34. 34.True or false: “the price you sell at” is the cost price. (a) True (b) False
  35. 35.Saanvi makes 10 friendship bands at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  36. 36.True or false: “money got from a sale” is the cost price. (a) False (b) True
  37. 37.It costs ₹24 to make one fruit cup. Aarav sells it for ₹38. What is the profit on one (in ₹)?
  38. 38.True or false: “cost of making one” is the cost price. (a) False (b) True
  39. 39.One handmade card costs ₹60 to make. Ananya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹24 to make one cup of lemonade. On the last day Kabir sells it for only ₹16. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. 1
  3. 7
  4. cost price
  5. False
  6. False
  7. selling price
  8. 11
  9. 6
  10. 28
  11. what it cost you
  12. 14
  13. SP less than CP
  14. cost price
  15. 7
  16. Profit
  17. Profit
  18. True
  19. cost price
  20. Profit
  21. what the buyer pays
  22. 37
  23. 300
  24. True
  25. Profit
  26. True
  27. selling price
  28. Profit
  29. Loss
  30. 4
  31. False
  32. 4
  33. 20
  34. False
  35. 20
  36. False
  37. 14
  38. True
  39. 69
  40. 8

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