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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 434 · 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: “what you paid for it” is the cost price. (a) True (b) False
  2. 2.Vihaan makes 20 clay diyas at a cost of ₹5 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  3. 3.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.One glass of chai costs Gurpreet ₹21 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.It costs ₹56 to make one painted pebble. On the last day Meera sells it for only ₹54. How much is the loss on one (in ₹)?
  7. 7.One potted plant costs ₹53 to make. Ishaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  8. 8.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  9. 9.📈 When is there a profit? (a) SP more than CP (b) never (c) SP less than CP (d) SP equal to CP
  10. 10.It costs ₹31 to make one handmade card. Meera sells it for ₹37. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs Vihaan ₹54 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹64 to make one cup of lemonade. On the last day Diya sells it for only ₹55. How much is the loss on one (in ₹)?
  13. 13.One fruit cup costs ₹41 to make. Diya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  14. 14.True or false: “cost of making one” is the selling price. (a) False (b) True
  15. 15.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) always (d) SP less than CP
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.One jute bag costs Rohan ₹39 to make and sells for ₹28. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.It costs ₹17 to make one glass of chai. On the last day Joseph sells it for only ₹10. How much is the loss on one (in ₹)?
  19. 19.One friendship band costs ₹12 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  20. 20.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  21. 21.One glass of chai costs ₹14 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  22. 22.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  23. 23.🏷️ Cost price means… (a) the discount (b) what it cost you (c) the profit (d) what the buyer pays
  24. 24.True or false: “what a customer pays” is the selling price. (a) False (b) True
  25. 25.It costs ₹54 to make one painted pebble. On the last day Kabir sells it for only ₹53. How much is the loss on one (in ₹)?
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  27. 27.One friendship band costs Tara ₹32 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹38 to make one potted plant. On the last day Ishaan sells it for only ₹37. How much is the loss on one (in ₹)?
  29. 29.Zoya makes 11 paper bookmarks at a cost of ₹31 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  30. 30.It costs ₹23 to make one handmade card. On the last day Meera sells it for only ₹17. How much is the loss on one (in ₹)?
  31. 31.True or false: “the price you sell at” is the selling price. (a) False (b) True
  32. 32.It costs ₹16 to make one friendship band. Farhan sells it for ₹27. What is the profit on one (in ₹)?
  33. 33.One cup of lemonade costs Ishaan ₹28 to make and sells for ₹15. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.One bag of popcorn costs ₹32 to make. Rohan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹23 to make one painted pebble. Kabir sells it for ₹34. What is the profit on one (in ₹)?
  36. 36.It costs ₹36 to make one handmade card. On the last day Vihaan sells it for only ₹34. How much is the loss on one (in ₹)?
  37. 37.It costs ₹19 to make one jute bag. On the last day Saanvi sells it for only ₹15. How much is the loss on one (in ₹)?
  38. 38.One cup of lemonade costs Saanvi ₹41 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.It costs ₹8 to make one potted plant. Kabir sells it for ₹15. What is the profit on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price

Answer key

  1. True
  2. 200
  3. selling price
  4. cost price
  5. Loss
  6. 2
  7. 65
  8. what the buyer pays
  9. SP more than CP
  10. 6
  11. Loss
  12. 9
  13. 44
  14. False
  15. SP less than CP
  16. cost price
  17. Loss
  18. 7
  19. 25
  20. selling price
  21. 34
  22. selling price
  23. what it cost you
  24. True
  25. 1
  26. cost price
  27. Loss
  28. 1
  29. 132
  30. 6
  31. True
  32. 11
  33. Loss
  34. 37
  35. 11
  36. 2
  37. 4
  38. Loss
  39. 7
  40. selling price

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