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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 417 · 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.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  2. 2.It costs ₹41 to make one cupcake. Meera sells it for ₹42. What is the profit on one (in ₹)?
  3. 3.True or false: “what a customer pays” is the cost price. (a) False (b) True
  4. 4.It costs ₹47 to make one fruit cup. Nisha sells it for ₹52. What is the profit on one (in ₹)?
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.True or false: “what you paid for it” is the selling price. (a) True (b) False
  7. 7.It costs ₹12 to make one bag of popcorn. Ishaan sells it for ₹25. What is the profit on one (in ₹)?
  8. 8.It costs ₹33 to make one bag of popcorn. Joseph sells it for ₹42. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.One painted pebble costs ₹48 to make. Saanvi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  12. 12.One friendship band costs ₹10 to make. Ananya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  13. 13.It costs ₹44 to make one cup of lemonade. On the last day Ananya sells it for only ₹34. How much is the loss on one (in ₹)?
  14. 14.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  15. 15.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  16. 16.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  19. 19.One paper bookmark costs Rohan ₹37 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.It costs ₹18 to make one clay diya. On the last day Dev sells it for only ₹14. How much is the loss on one (in ₹)?
  21. 21.True or false: “money spent to get it” is the cost price. (a) False (b) True
  22. 22.One handmade card costs ₹43 to make. Tara wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  23. 23.True or false: “the price you sell at” is the cost price. (a) True (b) False
  24. 24.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  25. 25.True or false: “the price on your board” is the cost price. (a) False (b) True
  26. 26.One friendship band costs Rohan ₹19 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.True or false: “cost of making one” is the selling price. (a) False (b) True
  28. 28.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  29. 29.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  30. 30.It costs ₹31 to make one cup of lemonade. On the last day Vihaan sells it for only ₹30. How much is the loss on one (in ₹)?
  31. 31.True or false: “money spent to get it” is the selling price. (a) True (b) False
  32. 32.It costs ₹14 to make one handmade card. Gurpreet sells it for ₹23. What is the profit on one (in ₹)?
  33. 33.It costs ₹26 to make one friendship band. Ishaan sells it for ₹34. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs Lakshmi ₹17 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.One fruit cup costs ₹17 to make. Zoya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹35 to make one fruit cup. On the last day Aarav sells it for only ₹25. How much is the loss on one (in ₹)?
  37. 37.Ishaan makes 13 clay diyas at a cost of ₹13 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  38. 38.True or false: “money got from a sale” is the selling price. (a) False (b) True
  39. 39.It costs ₹35 to make one glass of chai. Arjun sells it for ₹43. What is the profit on one (in ₹)?
  40. 40.It costs ₹11 to make one friendship band. Zoya sells it for ₹19. What is the profit on one (in ₹)?

Answer key

  1. selling price
  2. 1
  3. False
  4. 5
  5. False
  6. False
  7. 13
  8. 9
  9. selling price
  10. selling price
  11. 49
  12. 16
  13. 10
  14. what the buyer pays
  15. what it cost you
  16. selling price
  17. cost price
  18. SP less than CP
  19. Loss
  20. 4
  21. True
  22. 59
  23. False
  24. SP more than CP
  25. False
  26. Profit
  27. False
  28. cost price
  29. cost price
  30. 1
  31. False
  32. 9
  33. 8
  34. Profit
  35. 35
  36. 10
  37. 130
  38. True
  39. 8
  40. 8

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