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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 470 · 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.

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  1. 1.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  2. 2.One fruit cup costs Aarav ₹52 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.💵 Selling price means… (a) the loss (b) the stall fee (c) what it cost you (d) what the buyer pays
  4. 4.One clay diya costs ₹11 to make. Tara wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  5. 5.One cupcake costs Tara ₹23 to make and sells for ₹19. Is that a profit or a loss? (a) Profit (b) Loss
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.One friendship band costs Joseph ₹20 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.It costs ₹55 to make one clay diya. Joseph sells it for ₹71. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  10. 10.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) always (d) SP more than CP
  11. 11.One painted pebble costs Kavya ₹45 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹17 to make one paper bookmark. On the last day Ishaan sells it for only ₹12. How much is the loss on one (in ₹)?
  13. 13.One friendship band costs ₹35 to make. Aarav wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.🏷️ Cost price means… (a) what it cost you (b) what the buyer pays (c) the profit (d) the discount
  15. 15.It costs ₹26 to make one potted plant. On the last day Aarav sells it for only ₹22. How much is the loss on one (in ₹)?
  16. 16.One fruit cup costs ₹8 to make. Meera wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  17. 17.True or false: “money spent to get it” is the selling price. (a) True (b) False
  18. 18.It costs ₹5 to make one paper bookmark. Gurpreet sells it for ₹11. What is the profit on one (in ₹)?
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  20. 20.One cupcake costs Dev ₹29 to make and sells for ₹26. Is that a profit or a loss? (a) Loss (b) Profit
  21. 21.One cupcake costs Kabir ₹23 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.True or false: “the price you sell at” is the selling price. (a) False (b) True
  23. 23.One bag of popcorn costs ₹9 to make. Vihaan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  25. 25.It costs ₹23 to make one cupcake. Rohan sells it for ₹29. What is the profit on one (in ₹)?
  26. 26.True or false: “money spent to get it” is the cost price. (a) True (b) False
  27. 27.Meera makes 27 potted plants at a cost of ₹24 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  28. 28.It costs ₹21 to make one cupcake. Kabir sells it for ₹33. What is the profit on one (in ₹)?
  29. 29.It costs ₹8 to make one paper bookmark. Lakshmi sells it for ₹12. What is the profit on one (in ₹)?
  30. 30.One paper bookmark costs Farhan ₹54 to make and sells for ₹45. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹6 to make one paper bookmark. Saanvi sells it for ₹16. What is the profit on one (in ₹)?
  32. 32.True or false: “the price you sell at” is the cost price. (a) False (b) True
  33. 33.It costs ₹9 to make one cupcake. Tara sells it for ₹10. What is the profit on one (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) False (b) True
  35. 35.Ishaan makes 23 cupcakes at a cost of ₹19 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  36. 36.It costs ₹42 to make one glass of chai. On the last day Riya sells it for only ₹38. How much is the loss on one (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  39. 39.One glass of chai costs Aarav ₹19 to make and sells for ₹9. Is that a profit or a loss? (a) Loss (b) Profit
  40. 40.It costs ₹58 to make one paper bookmark. Gurpreet sells it for ₹74. What is the profit on one (in ₹)?

Answer key

  1. SP more than CP
  2. Loss
  3. what the buyer pays
  4. 22
  5. Loss
  6. True
  7. Loss
  8. 16
  9. selling price
  10. SP less than CP
  11. Loss
  12. 5
  13. 36
  14. what it cost you
  15. 4
  16. 16
  17. False
  18. 6
  19. cost price
  20. Loss
  21. Loss
  22. True
  23. 22
  24. cost price
  25. 6
  26. True
  27. 297
  28. 12
  29. 4
  30. Loss
  31. 10
  32. False
  33. 1
  34. True
  35. 92
  36. 4
  37. False
  38. selling price
  39. Loss
  40. 16

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