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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 42 · 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.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP more than CP (d) SP less than CP
  2. 2.It costs ₹15 to make one jute bag. On the last day Kavya sells it for only ₹12. How much is the loss on one (in ₹)?
  3. 3.True or false: “the price on your board” is the cost price. (a) False (b) True
  4. 4.True or false: “money spent to get it” is the selling price. (a) False (b) True
  5. 5.True or false: “what a customer pays” is the cost price. (a) True (b) False
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  8. 8.True or false: “what a customer pays” is the selling price. (a) True (b) False
  9. 9.True or false: “the price on your board” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  11. 11.📉 When is there a loss? (a) always (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  12. 12.One cupcake costs ₹38 to make. Meera wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  13. 13.True or false: “cost of making one” is the selling price. (a) False (b) True
  14. 14.True or false: “the price you sell at” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  16. 16.True or false: “money got from a sale” is the cost price. (a) False (b) True
  17. 17.One jute bag costs ₹5 to make. Riya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  18. 18.One paper bookmark costs ₹30 to make. Ishaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  19. 19.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) the profit (d) what it cost you
  20. 20.True or false: “what you paid for it” is the selling price. (a) True (b) False
  21. 21.It costs ₹46 to make one glass of chai. Kabir sells it for ₹48. What is the profit on one (in ₹)?
  22. 22.It costs ₹10 to make one bag of popcorn. Tara sells it for ₹28. What is the profit on one (in ₹)?
  23. 23.It costs ₹20 to make one painted pebble. On the last day Gurpreet sells it for only ₹15. How much is the loss on one (in ₹)?
  24. 24.One jute bag costs Riya ₹25 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹39 to make one cup of lemonade. Kabir sells it for ₹45. What is the profit on one (in ₹)?
  26. 26.It costs ₹31 to make one friendship band. On the last day Tara sells it for only ₹28. How much is the loss on one (in ₹)?
  27. 27.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  28. 28.One cupcake costs Nisha ₹46 to make and sells for ₹37. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.Meera makes 19 cupcakes at a cost of ₹33 each and sells all of them at ₹39 each. What is the total profit (in ₹)?
  30. 30.True or false: “what you paid for it” is the cost price. (a) True (b) False
  31. 31.It costs ₹14 to make one cupcake. Lakshmi sells it for ₹27. What is the profit on one (in ₹)?
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.It costs ₹58 to make one handmade card. On the last day Tara sells it for only ₹48. How much is the loss on one (in ₹)?
  34. 34.It costs ₹41 to make one bag of popcorn. Tara sells it for ₹56. What is the profit on one (in ₹)?
  35. 35.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  36. 36.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  37. 37.It costs ₹56 to make one cupcake. Gurpreet sells it for ₹76. What is the profit on one (in ₹)?
  38. 38.One fruit cup costs Meera ₹16 to make and sells for ₹21. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One cup of lemonade costs ₹9 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  40. 40.One painted pebble costs ₹58 to make. Kabir wants a profit of ₹12 on each. What should the selling price be (in ₹)?

Answer key

  1. SP more than CP
  2. 3
  3. False
  4. False
  5. False
  6. False
  7. selling price
  8. True
  9. True
  10. selling price
  11. SP less than CP
  12. 55
  13. False
  14. True
  15. cost price
  16. False
  17. 14
  18. 32
  19. what it cost you
  20. False
  21. 2
  22. 18
  23. 5
  24. Profit
  25. 6
  26. 3
  27. selling price
  28. Loss
  29. 114
  30. True
  31. 13
  32. cost price
  33. 10
  34. 15
  35. what the buyer pays
  36. cost price
  37. 20
  38. Profit
  39. 17
  40. 70

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