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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 40 · 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 spent to get it” is the selling price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  3. 3.It costs ₹47 to make one friendship band. On the last day Dev sells it for only ₹42. How much is the loss on one (in ₹)?
  4. 4.It costs ₹7 to make one clay diya. On the last day Arjun sells it for only ₹5. How much is the loss on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.🏷️ Cost price means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.Rohan makes 8 cupcakes at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  11. 11.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  12. 12.It costs ₹18 to make one clay diya. Farhan sells it for ₹28. What is the profit on one (in ₹)?
  13. 13.Gurpreet makes 26 fruit cups at a cost of ₹26 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  14. 14.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.Aarav makes 22 cupcakes at a cost of ₹22 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  17. 17.True or false: “money got from a sale” is the selling price. (a) True (b) False
  18. 18.It costs ₹29 to make one handmade card. On the last day Nisha sells it for only ₹24. How much is the loss on one (in ₹)?
  19. 19.It costs ₹24 to make one painted pebble. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  20. 20.One fruit cup costs Riya ₹16 to make and sells for ₹1. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “the price you sell at” is the selling price. (a) False (b) True
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.One glass of chai costs Ananya ₹16 to make and sells for ₹14. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹56 to make one potted plant. On the last day Meera sells it for only ₹48. How much is the loss on one (in ₹)?
  25. 25.True or false: “the price on your board” is the cost price. (a) False (b) True
  26. 26.It costs ₹14 to make one bag of popcorn. Aarav sells it for ₹25. What is the profit on one (in ₹)?
  27. 27.True or false: “what a customer pays” is the cost price. (a) True (b) False
  28. 28.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  29. 29.It costs ₹43 to make one cupcake. On the last day Kavya sells it for only ₹41. How much is the loss on one (in ₹)?
  30. 30.It costs ₹20 to make one cup of lemonade. On the last day Gurpreet sells it for only ₹10. How much is the loss on one (in ₹)?
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  32. 32.Dev makes 15 handmade cards at a cost of ₹10 each and sells all of them at ₹17 each. What is the total profit (in ₹)?
  33. 33.True or false: “what you paid for it” is the selling price. (a) True (b) False
  34. 34.It costs ₹39 to make one friendship band. Kabir sells it for ₹48. What is the profit on one (in ₹)?
  35. 35.It costs ₹53 to make one bag of popcorn. Kabir sells it for ₹66. What is the profit on one (in ₹)?
  36. 36.It costs ₹7 to make one cupcake. Vihaan sells it for ₹10. What is the profit on one (in ₹)?
  37. 37.One bag of popcorn costs ₹21 to make. Vihaan wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  38. 38.One potted plant costs Diya ₹60 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One clay diya costs Kabir ₹29 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹49 to make one cupcake. On the last day Kavya sells it for only ₹40. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. cost price
  3. 5
  4. 2
  5. True
  6. cost price
  7. what it cost you
  8. selling price
  9. True
  10. 32
  11. SP more than CP
  12. 10
  13. 156
  14. SP less than CP
  15. cost price
  16. 66
  17. True
  18. 5
  19. 7
  20. Loss
  21. True
  22. False
  23. Loss
  24. 8
  25. False
  26. 11
  27. False
  28. what the buyer pays
  29. 2
  30. 10
  31. selling price
  32. 105
  33. False
  34. 9
  35. 13
  36. 3
  37. 39
  38. Loss
  39. Profit
  40. 9

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