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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 432 · 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 you sell at” is the selling price. (a) True (b) False
  2. 2.True or false: “money got from a sale” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  6. 6.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  7. 7.True or false: “the price on your board” is the cost price. (a) False (b) True
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  9. 9.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  10. 10.It costs ₹7 to make one jute bag. Ishaan sells it for ₹11. What is the profit on one (in ₹)?
  11. 11.It costs ₹64 to make one glass of chai. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  12. 12.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) SP equal to CP (d) never
  13. 13.One glass of chai costs Ananya ₹26 to make and sells for ₹22. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One glass of chai costs ₹36 to make. Joseph wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹46 to make one cup of lemonade. On the last day Ananya sells it for only ₹37. How much is the loss on one (in ₹)?
  16. 16.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  17. 17.Dev makes 10 paper bookmarks at a cost of ₹39 each and sells all of them at ₹53 each. What is the total profit (in ₹)?
  18. 18.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  19. 19.It costs ₹59 to make one handmade card. On the last day Ishaan sells it for only ₹58. How much is the loss on one (in ₹)?
  20. 20.One glass of chai costs Vihaan ₹29 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.True or false: “cost of making one” is the selling price. (a) False (b) True
  22. 22.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  23. 23.It costs ₹50 to make one paper bookmark. On the last day Zoya sells it for only ₹41. How much is the loss on one (in ₹)?
  24. 24.One potted plant costs Kabir ₹27 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.One friendship band costs Saanvi ₹26 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.One glass of chai costs Diya ₹51 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.Aarav makes 9 cups of lemonade at a cost of ₹28 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  28. 28.Gurpreet makes 17 potted plants at a cost of ₹20 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  29. 29.It costs ₹56 to make one paper bookmark. On the last day Saanvi sells it for only ₹47. How much is the loss on one (in ₹)?
  30. 30.One potted plant costs Nisha ₹31 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.It costs ₹35 to make one cupcake. On the last day Ananya sells it for only ₹26. How much is the loss on one (in ₹)?
  32. 32.True or false: “money spent to get it” is the selling price. (a) True (b) False
  33. 33.One painted pebble costs Rohan ₹52 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.True or false: “the price on your board” is the selling price. (a) False (b) True
  35. 35.True or false: “what you paid for it” is the cost price. (a) True (b) False
  36. 36.One jute bag costs ₹12 to make. Gurpreet wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  37. 37.One bag of popcorn costs ₹26 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  38. 38.One handmade card costs ₹60 to make. Dev wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.One handmade card costs Kavya ₹56 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price

Answer key

  1. True
  2. False
  3. cost price
  4. selling price
  5. False
  6. cost price
  7. False
  8. True
  9. SP less than CP
  10. 4
  11. 9
  12. SP more than CP
  13. Loss
  14. 48
  15. 9
  16. what the buyer pays
  17. 140
  18. selling price
  19. 1
  20. Loss
  21. False
  22. what it cost you
  23. 9
  24. Loss
  25. Profit
  26. Loss
  27. 117
  28. 102
  29. 9
  30. Loss
  31. 9
  32. False
  33. Loss
  34. True
  35. True
  36. 17
  37. 43
  38. 80
  39. Profit
  40. selling price

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