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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 488 · 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 selling price. (a) True (b) False
  2. 2.It costs ₹6 to make one handmade card. Zoya sells it for ₹16. What is the profit on one (in ₹)?
  3. 3.📈 When is there a profit? (a) never (b) SP more than CP (c) SP less than CP (d) SP equal to CP
  4. 4.It costs ₹39 to make one glass of chai. On the last day Arjun sells it for only ₹37. How much is the loss on one (in ₹)?
  5. 5.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  6. 6.True or false: “cost of making one” is the cost price. (a) False (b) True
  7. 7.One painted pebble costs Kabir ₹42 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  8. 8.It costs ₹37 to make one paper bookmark. On the last day Kabir sells it for only ₹31. How much is the loss on one (in ₹)?
  9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  11. 11.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  12. 12.It costs ₹36 to make one friendship band. Ishaan sells it for ₹52. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  14. 14.One fruit cup costs Riya ₹57 to make and sells for ₹52. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  16. 16.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  17. 17.One cup of lemonade costs ₹36 to make. Ananya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.Vihaan makes 24 friendship bands at a cost of ₹9 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  19. 19.One bag of popcorn costs Saanvi ₹45 to make and sells for ₹35. Is that a profit or a loss? (a) Profit (b) Loss
  20. 20.True or false: “what a customer pays” is the selling price. (a) False (b) True
  21. 21.It costs ₹13 to make one handmade card. Joseph sells it for ₹18. What is the profit on one (in ₹)?
  22. 22.True or false: “the price you sell at” is the selling price. (a) True (b) False
  23. 23.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  24. 24.One fruit cup costs Diya ₹50 to make and sells for ₹53. Is that a profit or a loss? (a) Profit (b) Loss
  25. 25.One friendship band costs ₹6 to make. Ananya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹34 to make one glass of chai. On the last day Lakshmi sells it for only ₹28. How much is the loss on one (in ₹)?
  27. 27.True or false: “cost of making one” is the selling price. (a) True (b) False
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.True or false: “what you paid for it” is the cost price. (a) False (b) True
  30. 30.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  31. 31.True or false: “money got from a sale” is the cost price. (a) False (b) True
  32. 32.True or false: “the price you sell at” is the cost price. (a) True (b) False
  33. 33.One cupcake costs Meera ₹19 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  34. 34.Ananya makes 12 cupcakes at a cost of ₹21 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  35. 35.Saanvi makes 21 friendship bands at a cost of ₹32 each and sells all of them at ₹45 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.It costs ₹47 to make one handmade card. Rohan sells it for ₹66. What is the profit on one (in ₹)?
  38. 38.Ishaan makes 17 jute bags at a cost of ₹34 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.It costs ₹52 to make one cup of lemonade. On the last day Farhan sells it for only ₹42. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 10
  3. SP more than CP
  4. 2
  5. what the buyer pays
  6. True
  7. Loss
  8. 6
  9. True
  10. cost price
  11. True
  12. 16
  13. what it cost you
  14. Loss
  15. False
  16. selling price
  17. 43
  18. 144
  19. Loss
  20. True
  21. 5
  22. True
  23. cost price
  24. Profit
  25. 10
  26. 6
  27. False
  28. False
  29. True
  30. cost price
  31. False
  32. False
  33. Loss
  34. 36
  35. 273
  36. selling price
  37. 19
  38. 170
  39. selling price
  40. 10

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