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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 421 · 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: “the price on your board” is the cost price. (a) True (b) False
  2. 2.True or false: “cost of making one” is the selling price. (a) True (b) False
  3. 3.One cupcake costs ₹30 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹59 to make one glass of chai. On the last day Kabir sells it for only ₹49. How much is the loss on one (in ₹)?
  5. 5.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  6. 6.True or false: “the price on your board” is the selling price. (a) False (b) True
  7. 7.One potted plant costs Kavya ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  9. 9.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  10. 10.Aarav makes 23 cups of lemonade at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  11. 11.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.It costs ₹24 to make one friendship band. Nisha sells it for ₹37. What is the profit on one (in ₹)?
  14. 14.True or false: “money got from a sale” is the selling price. (a) False (b) True
  15. 15.One cupcake costs Gurpreet ₹56 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  16. 16.It costs ₹61 to make one cupcake. On the last day Tara sells it for only ₹55. How much is the loss on one (in ₹)?
  17. 17.One paper bookmark costs ₹14 to make. Vihaan wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “money spent to get it” is the cost price. (a) True (b) False
  19. 19.One cup of lemonade costs Aarav ₹48 to make and sells for ₹59. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.It costs ₹40 to make one cupcake. On the last day Vihaan sells it for only ₹38. How much is the loss on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the cost price. (a) False (b) True
  22. 22.It costs ₹31 to make one glass of chai. Zoya sells it for ₹45. What is the profit on one (in ₹)?
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  25. 25.It costs ₹15 to make one jute bag. Saanvi sells it for ₹18. What is the profit on one (in ₹)?
  26. 26.It costs ₹7 to make one painted pebble. On the last day Riya sells it for only ₹5. How much is the loss on one (in ₹)?
  27. 27.It costs ₹35 to make one fruit cup. Meera sells it for ₹40. What is the profit on one (in ₹)?
  28. 28.It costs ₹37 to make one bag of popcorn. Saanvi sells it for ₹44. What is the profit on one (in ₹)?
  29. 29.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  30. 30.One friendship band costs ₹36 to make. Ananya wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.It costs ₹47 to make one glass of chai. Aarav sells it for ₹61. What is the profit on one (in ₹)?
  33. 33.It costs ₹8 to make one cupcake. Kavya sells it for ₹18. What is the profit on one (in ₹)?
  34. 34.Meera makes 6 paper bookmarks at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  35. 35.One glass of chai costs Lakshmi ₹30 to make and sells for ₹24. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹31 to make one handmade card. Joseph sells it for ₹48. What is the profit on one (in ₹)?
  37. 37.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  38. 38.One paper bookmark costs ₹47 to make. Diya wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  39. 39.True or false: “money spent to get it” is the selling price. (a) True (b) False
  40. 40.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price

Answer key

  1. False
  2. False
  3. 36
  4. 10
  5. SP less than CP
  6. True
  7. Loss
  8. cost price
  9. what it cost you
  10. 299
  11. SP more than CP
  12. True
  13. 13
  14. True
  15. Profit
  16. 6
  17. 17
  18. True
  19. Profit
  20. 2
  21. True
  22. 14
  23. False
  24. selling price
  25. 3
  26. 2
  27. 5
  28. 7
  29. what the buyer pays
  30. 37
  31. False
  32. 14
  33. 10
  34. 24
  35. Loss
  36. 17
  37. selling price
  38. 61
  39. False
  40. cost price

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