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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 30 · 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.💵 Selling price means… (a) the stall fee (b) what it cost you (c) the loss (d) what the buyer pays
  2. 2.Tara makes 25 jute bags at a cost of ₹6 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  3. 3.One potted plant costs Farhan ₹26 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.True or false: “the price you sell at” is the cost price. (a) True (b) False
  6. 6.True or false: “the price on your board” is the cost price. (a) False (b) True
  7. 7.One cup of lemonade costs ₹49 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  9. 9.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  10. 10.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  11. 11.It costs ₹59 to make one bag of popcorn. On the last day Aarav sells it for only ₹57. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.It costs ₹8 to make one painted pebble. Tara sells it for ₹17. What is the profit on one (in ₹)?
  14. 14.It costs ₹17 to make one cupcake. On the last day Aarav sells it for only ₹16. How much is the loss on one (in ₹)?
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  16. 16.One paper bookmark costs Lakshmi ₹38 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.Meera makes 29 jute bags at a cost of ₹25 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) False (b) True
  19. 19.True or false: “money spent to get it” is the selling price. (a) True (b) False
  20. 20.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  22. 22.It costs ₹40 to make one jute bag. On the last day Nisha sells it for only ₹37. How much is the loss on one (in ₹)?
  23. 23.True or false: “what you paid for it” is the cost price. (a) False (b) True
  24. 24.One glass of chai costs ₹10 to make. Zoya wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  25. 25.One glass of chai costs Meera ₹23 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One cupcake costs Meera ₹54 to make and sells for ₹67. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.It costs ₹41 to make one cupcake. On the last day Aarav sells it for only ₹33. How much is the loss on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.True or false: “what a customer pays” is the selling price. (a) False (b) True
  30. 30.It costs ₹53 to make one jute bag. Ishaan sells it for ₹60. What is the profit on one (in ₹)?
  31. 31.It costs ₹17 to make one glass of chai. On the last day Saanvi sells it for only ₹7. How much is the loss on one (in ₹)?
  32. 32.It costs ₹19 to make one painted pebble. Dev sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  34. 34.One fruit cup costs ₹6 to make. Tara wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹18 to make one painted pebble. On the last day Tara sells it for only ₹11. How much is the loss on one (in ₹)?
  36. 36.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  37. 37.It costs ₹26 to make one jute bag. Riya sells it for ₹37. What is the profit on one (in ₹)?
  38. 38.Aarav makes 15 friendship bands at a cost of ₹5 each and sells all of them at ₹6 each. What is the total profit (in ₹)?
  39. 39.It costs ₹22 to make one handmade card. Ishaan sells it for ₹42. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays

Answer key

  1. what the buyer pays
  2. 300
  3. Profit
  4. False
  5. False
  6. False
  7. 64
  8. cost price
  9. SP more than CP
  10. selling price
  11. 2
  12. selling price
  13. 9
  14. 1
  15. cost price
  16. Profit
  17. 145
  18. False
  19. False
  20. cost price
  21. selling price
  22. 3
  23. True
  24. 15
  25. Profit
  26. Profit
  27. 8
  28. False
  29. True
  30. 7
  31. 10
  32. 8
  33. selling price
  34. 7
  35. 7
  36. SP less than CP
  37. 11
  38. 15
  39. 20
  40. what it cost you

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