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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 388 · 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.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  2. 2.True or false: “the price you sell at” is the cost price. (a) True (b) False
  3. 3.True or false: “money spent to get it” is the selling price. (a) True (b) False
  4. 4.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  5. 5.One handmade card costs ₹52 to make. Tara wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  6. 6.One painted pebble costs ₹28 to make. Lakshmi wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  7. 7.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  8. 8.It costs ₹24 to make one cup of lemonade. On the last day Farhan sells it for only ₹23. 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.It costs ₹16 to make one handmade card. On the last day Gurpreet sells it for only ₹7. How much is the loss on one (in ₹)?
  11. 11.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  12. 12.It costs ₹20 to make one clay diya. Gurpreet sells it for ₹22. What is the profit on one (in ₹)?
  13. 13.It costs ₹46 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹37. How much is the loss on one (in ₹)?
  14. 14.It costs ₹15 to make one painted pebble. Diya sells it for ₹31. What is the profit on one (in ₹)?
  15. 15.Ishaan makes 10 handmade cards at a cost of ₹15 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  16. 16.It costs ₹58 to make one glass of chai. Aarav sells it for ₹74. What is the profit on one (in ₹)?
  17. 17.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  18. 18.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  20. 20.Ananya makes 25 friendship bands at a cost of ₹10 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  21. 21.True or false: “what a customer pays” is the selling price. (a) True (b) False
  22. 22.Aarav makes 7 bags of popcorn at a cost of ₹29 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  23. 23.True or false: “money got from a sale” is the selling price. (a) True (b) False
  24. 24.True or false: “money got from a sale” is the cost price. (a) False (b) True
  25. 25.It costs ₹40 to make one handmade card. Zoya sells it for ₹48. What is the profit on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  27. 27.One clay diya costs Farhan ₹24 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One handmade card costs ₹59 to make. Gurpreet wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  29. 29.One jute bag costs ₹14 to make. Rohan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  30. 30.True or false: “the price you sell at” is the selling price. (a) False (b) True
  31. 31.It costs ₹43 to make one painted pebble. Arjun sells it for ₹55. What is the profit on one (in ₹)?
  32. 32.It costs ₹47 to make one cup of lemonade. On the last day Zoya sells it for only ₹38. How much is the loss on one (in ₹)?
  33. 33.Ishaan makes 30 fruit cups at a cost of ₹36 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  34. 34.One paper bookmark costs Nisha ₹54 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.It costs ₹50 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹40. How much is the loss on one (in ₹)?
  36. 36.One painted pebble costs Farhan ₹51 to make and sells for ₹61. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.One paper bookmark costs Ananya ₹50 to make and sells for ₹51. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.It costs ₹23 to make one glass of chai. On the last day Nisha sells it for only ₹22. How much is the loss on one (in ₹)?
  39. 39.One paper bookmark costs ₹11 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  40. 40.It costs ₹20 to make one painted pebble. On the last day Diya sells it for only ₹10. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. False
  3. False
  4. SP more than CP
  5. 71
  6. 47
  7. what the buyer pays
  8. 1
  9. cost price
  10. 9
  11. False
  12. 2
  13. 9
  14. 16
  15. 70
  16. 16
  17. SP less than CP
  18. cost price
  19. what it cost you
  20. 350
  21. True
  22. 14
  23. True
  24. False
  25. 8
  26. selling price
  27. Profit
  28. 78
  29. 28
  30. True
  31. 12
  32. 9
  33. 300
  34. Profit
  35. 10
  36. Profit
  37. Profit
  38. 1
  39. 12
  40. 10

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