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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 456 · 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: “money got from a sale” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  3. 3.🏷️ Cost price means… (a) the profit (b) the discount (c) what the buyer pays (d) what it cost you
  4. 4.It costs ₹51 to make one cup of lemonade. Kavya sells it for ₹65. What is the profit on one (in ₹)?
  5. 5.One clay diya costs Saanvi ₹40 to make and sells for ₹48. Is that a profit or a loss? (a) Loss (b) Profit
  6. 6.Kavya makes 10 handmade cards at a cost of ₹40 each and sells all of them at ₹50 each. What is the total profit (in ₹)?
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.It costs ₹16 to make one glass of chai. Rohan sells it for ₹33. What is the profit on one (in ₹)?
  10. 10.True or false: “money spent to get it” is the selling price. (a) False (b) True
  11. 11.True or false: “the price on your board” is the cost price. (a) False (b) True
  12. 12.It costs ₹49 to make one jute bag. Zoya sells it for ₹53. What is the profit on one (in ₹)?
  13. 13.It costs ₹59 to make one jute bag. On the last day Kabir sells it for only ₹51. How much is the loss on one (in ₹)?
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.One handmade card costs ₹29 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  16. 16.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  17. 17.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  18. 18.It costs ₹56 to make one cup of lemonade. On the last day Kabir sells it for only ₹46. How much is the loss on one (in ₹)?
  19. 19.True or false: “what you paid for it” is the cost price. (a) False (b) True
  20. 20.One fruit cup costs ₹56 to make. Ishaan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  21. 21.One friendship band costs Meera ₹50 to make and sells for ₹56. Is that a profit or a loss? (a) Profit (b) Loss
  22. 22.True or false: “the price on your board” is the selling price. (a) True (b) False
  23. 23.📉 When is there a loss? (a) always (b) SP more than CP (c) SP equal to CP (d) SP less than CP
  24. 24.One cupcake costs ₹26 to make. Aarav wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  25. 25.One cupcake costs ₹37 to make. Tara wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹43 to make one fruit cup. Dev sells it for ₹48. What is the profit on one (in ₹)?
  27. 27.It costs ₹55 to make one cup of lemonade. Ishaan sells it for ₹66. What is the profit on one (in ₹)?
  28. 28.It costs ₹11 to make one paper bookmark. On the last day Joseph sells it for only ₹9. How much is the loss on one (in ₹)?
  29. 29.It costs ₹21 to make one potted plant. Zoya sells it for ₹27. What is the profit on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) False (b) True
  31. 31.One clay diya costs Zoya ₹34 to make and sells for ₹32. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  33. 33.Zoya makes 23 glasses of chai at a cost of ₹15 each and sells all of them at ₹20 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  35. 35.True or false: “what a customer pays” is the cost price. (a) True (b) False
  36. 36.Lakshmi makes 28 handmade cards at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  37. 37.📈 When is there a profit? (a) SP equal to CP (b) never (c) SP less than CP (d) SP more than CP
  38. 38.It costs ₹14 to make one handmade card. Aarav sells it for ₹21. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.One friendship band costs Ananya ₹59 to make and sells for ₹51. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. cost price
  3. what it cost you
  4. 14
  5. Profit
  6. 100
  7. False
  8. selling price
  9. 17
  10. False
  11. False
  12. 4
  13. 8
  14. cost price
  15. 48
  16. what the buyer pays
  17. cost price
  18. 10
  19. True
  20. 68
  21. Profit
  22. True
  23. SP less than CP
  24. 32
  25. 50
  26. 5
  27. 11
  28. 2
  29. 6
  30. False
  31. Loss
  32. selling price
  33. 115
  34. cost price
  35. False
  36. 28
  37. SP more than CP
  38. 7
  39. selling price
  40. Loss

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