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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 299 · 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: “money spent to get it” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  3. 3.True or false: “money spent to get it” is the cost price. (a) False (b) True
  4. 4.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.It costs ₹9 to make one potted plant. Diya sells it for ₹25. What is the profit on one (in ₹)?
  7. 7.True or false: “the price on your board” is the cost price. (a) True (b) False
  8. 8.It costs ₹20 to make one cup of lemonade. On the last day Vihaan sells it for only ₹18. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  10. 10.One fruit cup costs Lakshmi ₹54 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.Kavya makes 16 fruit cups at a cost of ₹10 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  12. 12.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  13. 13.Arjun makes 12 paper bookmarks at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  14. 14.Rohan makes 12 painted pebbles at a cost of ₹11 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  15. 15.It costs ₹35 to make one clay diya. Gurpreet sells it for ₹50. What is the profit on one (in ₹)?
  16. 16.True or false: “cost of making one” is the selling price. (a) False (b) True
  17. 17.It costs ₹44 to make one potted plant. Meera sells it for ₹54. What is the profit on one (in ₹)?
  18. 18.It costs ₹58 to make one glass of chai. Aarav sells it for ₹61. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  20. 20.One bag of popcorn costs ₹44 to make. Ananya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  24. 24.It costs ₹22 to make one bag of popcorn. On the last day Dev sells it for only ₹20. How much is the loss on one (in ₹)?
  25. 25.One cupcake costs ₹43 to make. Nisha wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  26. 26.Joseph makes 5 fruit cups at a cost of ₹20 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  27. 27.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  28. 28.It costs ₹38 to make one painted pebble. Meera sells it for ₹44. What is the profit on one (in ₹)?
  29. 29.Kavya makes 21 cupcakes at a cost of ₹38 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  30. 30.One cupcake costs ₹45 to make. Kabir wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “what you paid for it” is the cost price. (a) False (b) True
  32. 32.One friendship band costs ₹58 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹39 to make one handmade card. Kabir sells it for ₹43. What is the profit on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the selling price. (a) True (b) False
  35. 35.It costs ₹53 to make one clay diya. Nisha sells it for ₹68. What is the profit on one (in ₹)?
  36. 36.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  37. 37.It costs ₹53 to make one painted pebble. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  38. 38.Vihaan makes 19 fruit cups at a cost of ₹28 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  39. 39.It costs ₹15 to make one clay diya. Diya sells it for ₹17. What is the profit on one (in ₹)?
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) True (b) False

Answer key

  1. False
  2. cost price
  3. True
  4. SP more than CP
  5. False
  6. 16
  7. False
  8. 2
  9. what it cost you
  10. Profit
  11. 128
  12. SP less than CP
  13. 168
  14. 108
  15. 15
  16. False
  17. 10
  18. 3
  19. selling price
  20. 52
  21. selling price
  22. True
  23. selling price
  24. 2
  25. 46
  26. 5
  27. cost price
  28. 6
  29. 21
  30. 53
  31. True
  32. 64
  33. 4
  34. True
  35. 15
  36. what the buyer pays
  37. 3
  38. 19
  39. 2
  40. True

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