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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 405 · 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.

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  1. 1.True or false: “what you paid for it” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  3. 3.One friendship band costs ₹35 to make. Diya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.Nisha makes 22 handmade cards at a cost of ₹37 each and sells all of them at ₹46 each. What is the total profit (in ₹)?
  6. 6.True or false: “money spent to get it” is the cost price. (a) False (b) True
  7. 7.One jute bag costs ₹54 to make. Nisha wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹35 to make one bag of popcorn. On the last day Rohan sells it for only ₹26. How much is the loss on one (in ₹)?
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  10. 10.True or false: “money spent to get it” is the selling price. (a) False (b) True
  11. 11.True or false: “what a customer pays” is the cost price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.True or false: “what you paid for it” is the cost price. (a) False (b) True
  14. 14.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  15. 15.It costs ₹23 to make one cup of lemonade. Ananya sells it for ₹36. What is the profit on one (in ₹)?
  16. 16.One cupcake costs Rohan ₹26 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.One paper bookmark costs ₹24 to make. Kabir wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  19. 19.It costs ₹37 to make one paper bookmark. On the last day Ishaan sells it for only ₹33. How much is the loss on one (in ₹)?
  20. 20.It costs ₹26 to make one fruit cup. On the last day Kavya sells it for only ₹17. How much is the loss on one (in ₹)?
  21. 21.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  22. 22.Saanvi makes 18 cups of lemonade at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  23. 23.One paper bookmark costs Nisha ₹20 to make and sells for ₹5. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.True or false: “the price on your board” is the selling price. (a) False (b) True
  25. 25.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  26. 26.Dev makes 14 fruit cups at a cost of ₹26 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  27. 27.It costs ₹39 to make one clay diya. Vihaan sells it for ₹45. What is the profit on one (in ₹)?
  28. 28.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) what it cost you (d) the loss
  29. 29.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  30. 30.Arjun makes 26 painted pebbles at a cost of ₹31 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  32. 32.Ishaan makes 7 fruit cups at a cost of ₹20 each and sells all of them at ₹22 each. What is the total profit (in ₹)?
  33. 33.It costs ₹55 to make one glass of chai. On the last day Joseph sells it for only ₹46. How much is the loss on one (in ₹)?
  34. 34.True or false: “money got from a sale” is the selling price. (a) True (b) False
  35. 35.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  36. 36.One fruit cup costs Vihaan ₹41 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹6 to make one potted plant. Nisha sells it for ₹15. What is the profit on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.Dev makes 25 cupcakes at a cost of ₹10 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  40. 40.One potted plant costs ₹55 to make. Joseph wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. selling price
  3. 50
  4. selling price
  5. 198
  6. True
  7. 59
  8. 9
  9. True
  10. False
  11. False
  12. selling price
  13. True
  14. what it cost you
  15. 13
  16. Loss
  17. 37
  18. cost price
  19. 4
  20. 9
  21. cost price
  22. 18
  23. Loss
  24. True
  25. SP more than CP
  26. 182
  27. 6
  28. what the buyer pays
  29. SP less than CP
  30. 312
  31. cost price
  32. 14
  33. 9
  34. True
  35. cost price
  36. Loss
  37. 9
  38. selling price
  39. 100
  40. 66

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