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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 314 · 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 loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  2. 2.Saanvi makes 13 handmade cards at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.Arjun makes 7 cupcakes at a cost of ₹38 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  6. 6.True or false: “what you paid for it” is the cost price. (a) False (b) True
  7. 7.True or false: “cost of making one” is the selling price. (a) False (b) True
  8. 8.It costs ₹27 to make one cup of lemonade. On the last day Arjun sells it for only ₹25. How much is the loss on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  10. 10.One cup of lemonade costs Riya ₹46 to make and sells for ₹48. Is that a profit or a loss? (a) Profit (b) Loss
  11. 11.It costs ₹15 to make one cupcake. On the last day Gurpreet sells it for only ₹7. How much is the loss on one (in ₹)?
  12. 12.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  13. 13.One cupcake costs Rohan ₹51 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.Riya makes 16 handmade cards at a cost of ₹39 each and sells all of them at ₹54 each. What is the total profit (in ₹)?
  15. 15.It costs ₹6 to make one painted pebble. Aarav sells it for ₹8. What is the profit on one (in ₹)?
  16. 16.One friendship band costs Riya ₹58 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.It costs ₹58 to make one glass of chai. Tara sells it for ₹65. What is the profit on one (in ₹)?
  18. 18.One handmade card costs Ananya ₹36 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  20. 20.Rohan makes 16 friendship bands at a cost of ₹37 each and sells all of them at ₹52 each. What is the total profit (in ₹)?
  21. 21.It costs ₹54 to make one potted plant. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  22. 22.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  23. 23.📉 When is there a loss? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) always
  24. 24.One paper bookmark costs Kavya ₹18 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One cup of lemonade costs Tara ₹16 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One paper bookmark costs Zoya ₹18 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  28. 28.True or false: “the price you sell at” is the cost price. (a) False (b) True
  29. 29.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  30. 30.It costs ₹39 to make one painted pebble. On the last day Meera sells it for only ₹31. How much is the loss on one (in ₹)?
  31. 31.Lakshmi makes 25 jute bags at a cost of ₹17 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  32. 32.It costs ₹47 to make one handmade card. On the last day Kavya sells it for only ₹39. How much is the loss on one (in ₹)?
  33. 33.It costs ₹24 to make one clay diya. On the last day Rohan sells it for only ₹17. How much is the loss on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) True (b) False
  35. 35.It costs ₹55 to make one potted plant. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  36. 36.True or false: “the price on your board” is the cost price. (a) False (b) True
  37. 37.It costs ₹30 to make one jute bag. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  38. 38.One cup of lemonade costs ₹28 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
  40. 40.One painted pebble costs Zoya ₹59 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. what the buyer pays
  2. 169
  3. what it cost you
  4. selling price
  5. 21
  6. True
  7. False
  8. 2
  9. cost price
  10. Profit
  11. 8
  12. SP more than CP
  13. Profit
  14. 240
  15. 2
  16. Loss
  17. 7
  18. Profit
  19. True
  20. 240
  21. 9
  22. selling price
  23. SP less than CP
  24. Profit
  25. Profit
  26. Loss
  27. cost price
  28. False
  29. cost price
  30. 8
  31. 75
  32. 8
  33. 7
  34. False
  35. 9
  36. False
  37. 4
  38. 38
  39. False
  40. Loss

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