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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 506 · 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.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  2. 2.One fruit cup costs Gurpreet ₹22 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  3. 3.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  4. 4.True or false: “what you paid for it” is the cost price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  6. 6.Dev makes 9 cups of lemonade at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  7. 7.True or false: “the price you sell at” is the selling price. (a) False (b) True
  8. 8.One cupcake costs ₹30 to make. Lakshmi wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  11. 11.It costs ₹20 to make one handmade card. On the last day Zoya sells it for only ₹18. How much is the loss on one (in ₹)?
  12. 12.True or false: “what you paid for it” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  14. 14.One bag of popcorn costs ₹39 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  15. 15.True or false: “money got from a sale” is the cost price. (a) True (b) False
  16. 16.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  17. 17.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  18. 18.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) the loss (d) what it cost you
  19. 19.It costs ₹28 to make one paper bookmark. Lakshmi sells it for ₹41. What is the profit on one (in ₹)?
  20. 20.It costs ₹30 to make one paper bookmark. Lakshmi sells it for ₹33. What is the profit on one (in ₹)?
  21. 21.It costs ₹44 to make one cupcake. Gurpreet sells it for ₹47. What is the profit on one (in ₹)?
  22. 22.It costs ₹52 to make one bag of popcorn. Rohan sells it for ₹68. What is the profit on one (in ₹)?
  23. 23.It costs ₹46 to make one clay diya. On the last day Farhan sells it for only ₹39. How much is the loss on one (in ₹)?
  24. 24.One handmade card costs Vihaan ₹47 to make and sells for ₹32. Is that a profit or a loss? (a) Loss (b) Profit
  25. 25.It costs ₹16 to make one friendship band. Meera sells it for ₹24. What is the profit on one (in ₹)?
  26. 26.One fruit cup costs ₹16 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  27. 27.Ishaan makes 26 handmade cards at a cost of ₹26 each and sells all of them at ₹31 each. What is the total profit (in ₹)?
  28. 28.It costs ₹18 to make one jute bag. On the last day Zoya sells it for only ₹10. How much is the loss on one (in ₹)?
  29. 29.It costs ₹44 to make one handmade card. On the last day Meera sells it for only ₹35. How much is the loss on one (in ₹)?
  30. 30.One friendship band costs Meera ₹29 to make and sells for ₹17. Is that a profit or a loss? (a) Loss (b) Profit
  31. 31.One clay diya costs Zoya ₹35 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.True or false: “the price on your board” is the selling price. (a) True (b) False
  33. 33.One potted plant costs ₹34 to make. Ishaan wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  34. 34.One glass of chai costs Rohan ₹51 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  35. 35.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  36. 36.True or false: “cost of making one” is the selling price. (a) False (b) True
  37. 37.Kavya makes 8 jute bags at a cost of ₹22 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  38. 38.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  39. 39.It costs ₹54 to make one paper bookmark. On the last day Riya sells it for only ₹53. How much is the loss on one (in ₹)?
  40. 40.It costs ₹13 to make one glass of chai. On the last day Diya sells it for only ₹5. How much is the loss on one (in ₹)?

Answer key

  1. what it cost you
  2. Loss
  3. True
  4. True
  5. selling price
  6. 63
  7. True
  8. 35
  9. cost price
  10. cost price
  11. 2
  12. False
  13. selling price
  14. 50
  15. False
  16. SP more than CP
  17. selling price
  18. what the buyer pays
  19. 13
  20. 3
  21. 3
  22. 16
  23. 7
  24. Loss
  25. 8
  26. 20
  27. 130
  28. 8
  29. 9
  30. Loss
  31. Profit
  32. True
  33. 44
  34. Profit
  35. False
  36. False
  37. 56
  38. cost price
  39. 1
  40. 8

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