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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 393 · 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: cost of making one? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  3. 3.True or false: “money got from a sale” is the selling price. (a) False (b) True
  4. 4.True or false: “cost of making one” is the selling price. (a) False (b) True
  5. 5.It costs ₹19 to make one paper bookmark. On the last day Lakshmi sells it for only ₹18. How much is the loss on one (in ₹)?
  6. 6.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  7. 7.Kabir makes 26 glasses of chai at a cost of ₹38 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  9. 9.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  10. 10.True or false: “what you paid for it” is the selling price. (a) False (b) True
  11. 11.Arjun makes 10 fruit cups at a cost of ₹20 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  12. 12.It costs ₹48 to make one clay diya. Ananya sells it for ₹52. What is the profit on one (in ₹)?
  13. 13.One glass of chai costs Nisha ₹27 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.One handmade card costs ₹7 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹35 to make one friendship band. On the last day Aarav sells it for only ₹29. How much is the loss on one (in ₹)?
  16. 16.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  17. 17.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  18. 18.Saanvi makes 14 painted pebbles at a cost of ₹23 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  19. 19.It costs ₹20 to make one painted pebble. Tara sells it for ₹26. What is the profit on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.One handmade card costs ₹54 to make. Meera wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  23. 23.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  24. 24.True or false: “money got from a sale” is the cost price. (a) True (b) False
  25. 25.Lakshmi makes 14 cupcakes at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  26. 26.It costs ₹15 to make one paper bookmark. Diya sells it for ₹20. What is the profit on one (in ₹)?
  27. 27.True or false: “what you paid for it” is the cost price. (a) False (b) True
  28. 28.It costs ₹8 to make one cupcake. Zoya sells it for ₹17. What is the profit on one (in ₹)?
  29. 29.One jute bag costs ₹47 to make. Saanvi wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.One fruit cup costs Riya ₹55 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹7 to make one handmade card. Meera sells it for ₹9. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs ₹12 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  33. 33.Zoya makes 18 handmade cards at a cost of ₹9 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  34. 34.It costs ₹28 to make one cup of lemonade. Meera sells it for ₹30. What is the profit on one (in ₹)?
  35. 35.It costs ₹23 to make one painted pebble. Dev sells it for ₹38. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  37. 37.One jute bag costs Rohan ₹39 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹42 to make one clay diya. Tara sells it for ₹59. What is the profit on one (in ₹)?
  39. 39.One cup of lemonade costs ₹31 to make. Meera wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  40. 40.True or false: “the price you sell at” is the cost price. (a) False (b) True

Answer key

  1. cost price
  2. selling price
  3. True
  4. False
  5. 1
  6. SP more than CP
  7. 312
  8. False
  9. what the buyer pays
  10. False
  11. 130
  12. 4
  13. Profit
  14. 19
  15. 6
  16. SP less than CP
  17. selling price
  18. 70
  19. 6
  20. True
  21. 57
  22. what it cost you
  23. selling price
  24. False
  25. 182
  26. 5
  27. True
  28. 9
  29. 64
  30. Loss
  31. 2
  32. 18
  33. 162
  34. 2
  35. 15
  36. cost price
  37. Loss
  38. 17
  39. 46
  40. False

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