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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 401 · 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 cost price. (a) True (b) False
  2. 2.One bag of popcorn costs ₹14 to make. Riya wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) what it cost you (d) the profit
  4. 4.One friendship band costs ₹22 to make. Arjun wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  5. 5.True or false: “money got from a sale” 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.It costs ₹47 to make one handmade card. On the last day Meera sells it for only ₹46. How much is the loss on one (in ₹)?
  8. 8.It costs ₹48 to make one cup of lemonade. On the last day Rohan sells it for only ₹47. How much is the loss on one (in ₹)?
  9. 9.It costs ₹34 to make one cup of lemonade. Rohan sells it for ₹49. What is the profit on one (in ₹)?
  10. 10.One potted plant costs ₹38 to make. Tara wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  11. 11.One painted pebble costs ₹16 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  15. 15.One painted pebble costs Aarav ₹20 to make and sells for ₹7. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.One painted pebble costs Lakshmi ₹29 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  18. 18.True or false: “money spent to get it” is the selling price. (a) False (b) True
  19. 19.It costs ₹56 to make one glass of chai. Meera sells it for ₹60. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  21. 21.It costs ₹12 to make one painted pebble. On the last day Dev sells it for only ₹9. How much is the loss on one (in ₹)?
  22. 22.True or false: “the price you sell at” is the cost price. (a) True (b) False
  23. 23.It costs ₹55 to make one jute bag. Rohan sells it for ₹59. What is the profit on one (in ₹)?
  24. 24.It costs ₹57 to make one jute bag. Ananya sells it for ₹61. What is the profit on one (in ₹)?
  25. 25.One cup of lemonade costs Tara ₹26 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.True or false: “money spent to get it” is the cost price. (a) False (b) True
  27. 27.It costs ₹42 to make one potted plant. Arjun sells it for ₹46. What is the profit on one (in ₹)?
  28. 28.One friendship band costs Vihaan ₹49 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.It costs ₹45 to make one painted pebble. Saanvi sells it for ₹56. What is the profit on one (in ₹)?
  30. 30.It costs ₹29 to make one fruit cup. Diya sells it for ₹35. What is the profit on one (in ₹)?
  31. 31.One cup of lemonade costs ₹47 to make. Tara wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  32. 32.One jute bag costs ₹35 to make. Arjun wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  33. 33.True or false: “what a customer pays” is the selling price. (a) True (b) False
  34. 34.One cupcake costs ₹22 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  35. 35.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.One paper bookmark costs Lakshmi ₹45 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.True or false: “money got from a sale” is the cost price. (a) True (b) False
  39. 39.One friendship band costs Kavya ₹24 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.One potted plant costs Rohan ₹37 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. 27
  3. what it cost you
  4. 23
  5. True
  6. cost price
  7. 1
  8. 1
  9. 15
  10. 44
  11. 20
  12. cost price
  13. selling price
  14. SP less than CP
  15. Loss
  16. Profit
  17. SP more than CP
  18. False
  19. 4
  20. cost price
  21. 3
  22. False
  23. 4
  24. 4
  25. Loss
  26. True
  27. 4
  28. Loss
  29. 11
  30. 6
  31. 67
  32. 54
  33. True
  34. 37
  35. cost price
  36. selling price
  37. Loss
  38. False
  39. Profit
  40. Loss

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