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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 349 · 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 the buyer pays (c) the loss (d) what it cost you
  2. 2.True or false: “what you paid for it” is the cost price. (a) False (b) True
  3. 3.One cupcake costs Diya ₹16 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  4. 4.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  5. 5.One painted pebble costs Tara ₹24 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.Kavya makes 9 paper bookmarks at a cost of ₹13 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  8. 8.One glass of chai costs Joseph ₹32 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
  10. 10.One glass of chai costs Diya ₹50 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  12. 12.True or false: “what a customer pays” is the cost price. (a) True (b) False
  13. 13.True or false: “cost of making one” is the cost price. (a) True (b) False
  14. 14.It costs ₹17 to make one bag of popcorn. Vihaan sells it for ₹29. What is the profit on one (in ₹)?
  15. 15.🏷️ Cost price means… (a) the discount (b) the profit (c) what it cost you (d) what the buyer pays
  16. 16.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  17. 17.One glass of chai costs ₹22 to make. Kavya wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) False (b) True
  19. 19.Tara makes 12 fruit cups at a cost of ₹33 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  20. 20.One glass of chai costs Saanvi ₹51 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  22. 22.One friendship band costs ₹45 to make. Farhan wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹6 to make one cupcake. Joseph sells it for ₹21. What is the profit on one (in ₹)?
  24. 24.True or false: “the price you sell at” is the cost price. (a) False (b) True
  25. 25.It costs ₹10 to make one friendship band. On the last day Saanvi sells it for only ₹6. How much is the loss on one (in ₹)?
  26. 26.One potted plant costs ₹6 to make. Riya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “what you paid for it” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  29. 29.One friendship band costs Nisha ₹17 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.It costs ₹52 to make one paper bookmark. On the last day Meera sells it for only ₹47. How much is the loss on one (in ₹)?
  31. 31.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  32. 32.One cupcake costs Lakshmi ₹49 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹46 to make one glass of chai. Farhan sells it for ₹60. What is the profit on one (in ₹)?
  34. 34.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  35. 35.It costs ₹39 to make one clay diya. On the last day Rohan sells it for only ₹36. How much is the loss on one (in ₹)?
  36. 36.True or false: “cost of making one” is the selling price. (a) True (b) False
  37. 37.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  38. 38.Tara makes 7 bags of popcorn at a cost of ₹14 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  39. 39.It costs ₹21 to make one painted pebble. On the last day Gurpreet sells it for only ₹20. How much is the loss on one (in ₹)?
  40. 40.True or false: “money spent to get it” is the selling price. (a) True (b) False

Answer key

  1. what the buyer pays
  2. True
  3. Profit
  4. selling price
  5. Loss
  6. 18
  7. selling price
  8. Loss
  9. True
  10. Profit
  11. cost price
  12. False
  13. True
  14. 12
  15. what it cost you
  16. SP more than CP
  17. 34
  18. True
  19. 48
  20. Profit
  21. cost price
  22. 54
  23. 15
  24. False
  25. 4
  26. 23
  27. False
  28. selling price
  29. Profit
  30. 5
  31. SP less than CP
  32. Loss
  33. 14
  34. selling price
  35. 3
  36. False
  37. cost price
  38. 105
  39. 1
  40. False

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