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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 411 · 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 you paid for it” is the selling price. (a) True (b) False
  2. 2.💵 Selling price means… (a) what the buyer pays (b) the loss (c) what it cost you (d) the stall fee
  3. 3.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  4. 4.True or false: “money got from a sale” is the cost price. (a) False (b) True
  5. 5.True or false: “cost of making one” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  7. 7.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  8. 8.One paper bookmark costs ₹58 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  9. 9.True or false: “cost of making one” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.Kabir makes 14 handmade cards at a cost of ₹40 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  12. 12.It costs ₹38 to make one cupcake. On the last day Tara sells it for only ₹33. How much is the loss on one (in ₹)?
  13. 13.It costs ₹21 to make one cup of lemonade. On the last day Ishaan sells it for only ₹15. How much is the loss on one (in ₹)?
  14. 14.It costs ₹34 to make one paper bookmark. On the last day Diya sells it for only ₹33. How much is the loss on one (in ₹)?
  15. 15.It costs ₹20 to make one handmade card. Dev sells it for ₹37. What is the profit on one (in ₹)?
  16. 16.It costs ₹33 to make one handmade card. On the last day Diya sells it for only ₹31. How much is the loss on one (in ₹)?
  17. 17.One friendship band costs Zoya ₹18 to make and sells for ₹20. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “the price on your board” is the selling price. (a) False (b) True
  19. 19.True or false: “what a customer pays” is the selling price. (a) True (b) False
  20. 20.🏷️ Cost price means… (a) the profit (b) what the buyer pays (c) the discount (d) what it cost you
  21. 21.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  22. 22.One cup of lemonade costs ₹7 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  24. 24.It costs ₹18 to make one handmade card. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  25. 25.One fruit cup costs ₹18 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹60 to make one cupcake. Farhan sells it for ₹65. What is the profit on one (in ₹)?
  27. 27.True or false: “money spent to get it” is the cost price. (a) False (b) True
  28. 28.True or false: “what you paid for it” is the cost price. (a) False (b) True
  29. 29.It costs ₹59 to make one glass of chai. Lakshmi sells it for ₹67. What is the profit on one (in ₹)?
  30. 30.True or false: “what a customer pays” is the cost price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  32. 32.Tara makes 5 cupcakes at a cost of ₹33 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  33. 33.True or false: “money spent to get it” is the selling price. (a) False (b) True
  34. 34.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  35. 35.It costs ₹57 to make one cup of lemonade. On the last day Meera sells it for only ₹48. How much is the loss on one (in ₹)?
  36. 36.One glass of chai costs Aarav ₹30 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  37. 37.It costs ₹38 to make one cupcake. On the last day Tara sells it for only ₹35. How much is the loss on one (in ₹)?
  38. 38.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  39. 39.It costs ₹35 to make one cupcake. On the last day Riya sells it for only ₹26. How much is the loss on one (in ₹)?
  40. 40.Kabir makes 21 paper bookmarks at a cost of ₹36 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. what the buyer pays
  3. SP more than CP
  4. False
  5. False
  6. selling price
  7. cost price
  8. 61
  9. True
  10. cost price
  11. 70
  12. 5
  13. 6
  14. 1
  15. 17
  16. 2
  17. Profit
  18. True
  19. True
  20. what it cost you
  21. cost price
  22. 27
  23. True
  24. 19
  25. 24
  26. 5
  27. True
  28. True
  29. 8
  30. False
  31. selling price
  32. 5
  33. False
  34. cost price
  35. 9
  36. Profit
  37. 3
  38. SP less than CP
  39. 9
  40. 63

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