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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 362 · 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: “what a customer pays” is the selling price. (a) False (b) True
  2. 2.One painted pebble costs ₹58 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  4. 4.It costs ₹28 to make one paper bookmark. Saanvi sells it for ₹29. What is the profit on one (in ₹)?
  5. 5.One paper bookmark costs Zoya ₹40 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  7. 7.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  8. 8.True or false: “money got from a sale” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.One fruit cup costs ₹17 to make. Dev wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “money got from a sale” is the cost price. (a) True (b) False
  12. 12.One clay diya costs ₹51 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹44 to make one paper bookmark. Zoya sells it for ₹46. What is the profit on one (in ₹)?
  14. 14.One cupcake costs Nisha ₹48 to make and sells for ₹47. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.Rohan makes 22 fruit cups at a cost of ₹10 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  17. 17.It costs ₹22 to make one paper bookmark. Farhan sells it for ₹25. What is the profit on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  19. 19.It costs ₹40 to make one fruit cup. Gurpreet sells it for ₹60. What is the profit on one (in ₹)?
  20. 20.It costs ₹56 to make one fruit cup. On the last day Nisha sells it for only ₹50. How much is the loss on one (in ₹)?
  21. 21.One potted plant costs Vihaan ₹31 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “what a customer pays” is the cost price. (a) True (b) False
  23. 23.One fruit cup costs Meera ₹53 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹26 to make one painted pebble. Aarav sells it for ₹40. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  26. 26.One paper bookmark costs ₹19 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  28. 28.True or false: “the price on your board” is the cost price. (a) False (b) True
  29. 29.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  30. 30.It costs ₹66 to make one friendship band. On the last day Rohan sells it for only ₹60. How much is the loss on one (in ₹)?
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.Diya makes 16 paper bookmarks at a cost of ₹5 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  33. 33.One glass of chai costs Riya ₹16 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.It costs ₹17 to make one cup of lemonade. On the last day Tara sells it for only ₹16. How much is the loss on one (in ₹)?
  35. 35.True or false: “cost of making one” is the cost price. (a) True (b) False
  36. 36.One clay diya costs ₹40 to make. Gurpreet wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  37. 37.One handmade card costs ₹5 to make. Aarav wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  38. 38.Saanvi makes 21 jute bags at a cost of ₹17 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  39. 39.One friendship band costs Rohan ₹35 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One friendship band costs ₹13 to make. Arjun wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. True
  2. 71
  3. selling price
  4. 1
  5. Loss
  6. what the buyer pays
  7. SP less than CP
  8. True
  9. cost price
  10. 23
  11. False
  12. 54
  13. 2
  14. Loss
  15. 264
  16. what it cost you
  17. 3
  18. cost price
  19. 20
  20. 6
  21. Profit
  22. False
  23. Loss
  24. 14
  25. selling price
  26. 26
  27. selling price
  28. False
  29. SP more than CP
  30. 6
  31. True
  32. 160
  33. Profit
  34. 1
  35. True
  36. 60
  37. 8
  38. 273
  39. Profit
  40. 23

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