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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 371 · 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 got from a sale” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.It costs ₹34 to make one cup of lemonade. On the last day Ananya sells it for only ₹25. How much is the loss on one (in ₹)?
  4. 4.Diya makes 30 clay diyas at a cost of ₹9 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  5. 5.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  6. 6.True or false: “the price on your board” is the cost price. (a) True (b) False
  7. 7.One fruit cup costs ₹20 to make. Kabir wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  8. 8.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  9. 9.One handmade card costs ₹7 to make. Kabir wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  10. 10.One cupcake costs ₹49 to make. Kabir wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  13. 13.True or false: “what you paid for it” is the cost price. (a) True (b) False
  14. 14.It costs ₹17 to make one paper bookmark. On the last day Dev sells it for only ₹8. How much is the loss on one (in ₹)?
  15. 15.It costs ₹54 to make one bag of popcorn. Joseph sells it for ₹61. What is the profit on one (in ₹)?
  16. 16.One painted pebble costs Dev ₹27 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “money got from a sale” is the cost price. (a) True (b) False
  18. 18.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  20. 20.One fruit cup costs ₹49 to make. Lakshmi wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  21. 21.One jute bag costs ₹12 to make. Aarav wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  22. 22.One jute bag costs Riya ₹16 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  23. 23.It costs ₹41 to make one potted plant. Ananya sells it for ₹45. What is the profit on one (in ₹)?
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.True or false: “the price on your board” is the selling price. (a) True (b) False
  26. 26.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) what it cost you (d) the discount
  27. 27.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  28. 28.One glass of chai costs Diya ₹29 to make and sells for ₹27. Is that a profit or a loss? (a) Loss (b) Profit
  29. 29.It costs ₹50 to make one clay diya. On the last day Arjun sells it for only ₹49. How much is the loss on one (in ₹)?
  30. 30.Nisha makes 7 friendship bands at a cost of ₹21 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  31. 31.Kavya makes 15 painted pebbles at a cost of ₹25 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  32. 32.One jute bag costs ₹54 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹36 to make one glass of chai. Diya sells it for ₹37. What is the profit on one (in ₹)?
  34. 34.One potted plant costs ₹8 to make. Joseph wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  35. 35.True or false: “money spent to get it” is the selling price. (a) True (b) False
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.Kavya makes 28 potted plants at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  38. 38.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  39. 39.True or false: “money spent to get it” is the cost price. (a) True (b) False
  40. 40.It costs ₹11 to make one potted plant. Meera sells it for ₹17. What is the profit on one (in ₹)?

Answer key

  1. True
  2. cost price
  3. 9
  4. 390
  5. what the buyer pays
  6. False
  7. 22
  8. cost price
  9. 17
  10. 60
  11. cost price
  12. selling price
  13. True
  14. 9
  15. 7
  16. Profit
  17. False
  18. selling price
  19. SP more than CP
  20. 58
  21. 27
  22. Profit
  23. 4
  24. True
  25. True
  26. what it cost you
  27. SP less than CP
  28. Loss
  29. 1
  30. 49
  31. 150
  32. 56
  33. 1
  34. 11
  35. False
  36. cost price
  37. 112
  38. False
  39. True
  40. 6

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