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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 412 · 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: what a customer pays? (a) cost price (b) selling price
  2. 2.True or false: “the price you sell at” is the selling price. (a) True (b) False
  3. 3.One handmade card costs ₹43 to make. Tara wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  4. 4.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.True or false: “what a customer pays” is the cost price. (a) True (b) False
  7. 7.True or false: “cost of making one” is the selling price. (a) False (b) True
  8. 8.It costs ₹35 to make one bag of popcorn. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  9. 9.True or false: “the price on your board” is the selling price. (a) False (b) True
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  11. 11.It costs ₹31 to make one cup of lemonade. On the last day Joseph sells it for only ₹28. How much is the loss on one (in ₹)?
  12. 12.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  13. 13.Kavya makes 19 painted pebbles at a cost of ₹25 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  14. 14.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  15. 15.True or false: “what you paid for it” is the selling price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  17. 17.One paper bookmark costs Kabir ₹56 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.Saanvi makes 22 painted pebbles at a cost of ₹23 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  19. 19.Dev makes 6 potted plants at a cost of ₹13 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  20. 20.Zoya makes 8 cups of lemonade at a cost of ₹24 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  21. 21.One cup of lemonade costs Saanvi ₹35 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.Dev makes 29 cups of lemonade at a cost of ₹28 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  24. 24.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  25. 25.True or false: “what you paid for it” is the cost price. (a) True (b) False
  26. 26.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  27. 27.It costs ₹15 to make one handmade card. On the last day Saanvi sells it for only ₹14. How much is the loss on one (in ₹)?
  28. 28.One potted plant costs ₹43 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  29. 29.One cupcake costs Zoya ₹37 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.True or false: “money got from a sale” is the selling price. (a) True (b) False
  31. 31.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  32. 32.It costs ₹63 to make one fruit cup. On the last day Meera sells it for only ₹56. How much is the loss on one (in ₹)?
  33. 33.Kabir makes 6 clay diyas at a cost of ₹7 each and sells all of them at ₹14 each. What is the total profit (in ₹)?
  34. 34.It costs ₹60 to make one clay diya. Gurpreet sells it for ₹66. What is the profit on one (in ₹)?
  35. 35.True or false: “the price you sell at” is the cost price. (a) True (b) False
  36. 36.It costs ₹17 to make one clay diya. Aarav sells it for ₹26. What is the profit on one (in ₹)?
  37. 37.One friendship band costs ₹52 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.One painted pebble costs Joseph ₹48 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹29 to make one bag of popcorn. Joseph sells it for ₹45. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. True
  3. 51
  4. SP less than CP
  5. cost price
  6. False
  7. False
  8. 11
  9. True
  10. SP more than CP
  11. 3
  12. cost price
  13. 171
  14. what the buyer pays
  15. False
  16. cost price
  17. Profit
  18. 66
  19. 84
  20. 72
  21. Profit
  22. 87
  23. cost price
  24. what it cost you
  25. True
  26. True
  27. 1
  28. 52
  29. Loss
  30. True
  31. selling price
  32. 7
  33. 42
  34. 6
  35. False
  36. 9
  37. 53
  38. selling price
  39. Profit
  40. 16

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