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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 480 · 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) True (b) False
  2. 2.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  4. 4.It costs ₹11 to make one fruit cup. Kabir sells it for ₹20. What is the profit on one (in ₹)?
  5. 5.True or false: “money got from a sale” is the selling price. (a) False (b) True
  6. 6.Kabir makes 26 glasses of chai at a cost of ₹21 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  7. 7.True or false: “cost of making one” is the selling price. (a) True (b) False
  8. 8.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  9. 9.Lakshmi makes 6 paper bookmarks at a cost of ₹15 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  10. 10.It costs ₹7 to make one bag of popcorn. Riya sells it for ₹15. What is the profit on one (in ₹)?
  11. 11.One glass of chai costs Aarav ₹57 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “what a customer pays” is the cost price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.📉 When is there a loss? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) always
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.One jute bag costs Lakshmi ₹23 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.True or false: “what a customer pays” is the selling price. (a) True (b) False
  19. 19.True or false: “the price on your board” is the cost price. (a) True (b) False
  20. 20.Kavya makes 27 painted pebbles at a cost of ₹34 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  22. 22.One handmade card costs ₹53 to make. Kabir wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  23. 23.It costs ₹56 to make one handmade card. Joseph sells it for ₹70. What is the profit on one (in ₹)?
  24. 24.One paper bookmark costs ₹10 to make. Zoya wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.One glass of chai costs ₹36 to make. Farhan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  28. 28.One glass of chai costs Dev ₹30 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One potted plant costs Kavya ₹24 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  30. 30.True or false: “money spent to get it” is the selling price. (a) False (b) True
  31. 31.It costs ₹16 to make one handmade card. Meera sells it for ₹30. What is the profit on one (in ₹)?
  32. 32.It costs ₹55 to make one painted pebble. On the last day Ishaan sells it for only ₹50. How much is the loss on one (in ₹)?
  33. 33.Vihaan makes 16 friendship bands at a cost of ₹21 each and sells all of them at ₹34 each. What is the total profit (in ₹)?
  34. 34.One bag of popcorn costs ₹50 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  35. 35.It costs ₹32 to make one friendship band. On the last day Ananya sells it for only ₹24. How much is the loss on one (in ₹)?
  36. 36.It costs ₹31 to make one friendship band. Joseph sells it for ₹32. What is the profit on one (in ₹)?
  37. 37.True or false: “money spent to get it” is the cost price. (a) True (b) False
  38. 38.It costs ₹45 to make one jute bag. On the last day Kavya sells it for only ₹37. How much is the loss on one (in ₹)?
  39. 39.💵 Selling price means… (a) what it cost you (b) the stall fee (c) what the buyer pays (d) the loss
  40. 40.It costs ₹58 to make one cup of lemonade. Saanvi sells it for ₹67. What is the profit on one (in ₹)?

Answer key

  1. False
  2. what it cost you
  3. selling price
  4. 9
  5. True
  6. 312
  7. False
  8. SP more than CP
  9. 66
  10. 8
  11. Loss
  12. False
  13. selling price
  14. SP less than CP
  15. cost price
  16. True
  17. Loss
  18. True
  19. False
  20. 189
  21. selling price
  22. 72
  23. 14
  24. 29
  25. selling price
  26. 48
  27. cost price
  28. Loss
  29. Loss
  30. False
  31. 14
  32. 5
  33. 208
  34. 55
  35. 8
  36. 1
  37. True
  38. 8
  39. what the buyer pays
  40. 9

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