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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 53 · 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.It costs ₹54 to make one handmade card. On the last day Ananya sells it for only ₹46. How much is the loss on one (in ₹)?
  2. 2.True or false: “money spent to get it” is the cost price. (a) True (b) False
  3. 3.True or false: “the price you sell at” is the selling price. (a) True (b) False
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  5. 5.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  6. 6.True or false: “what you paid for it” is the selling price. (a) False (b) True
  7. 7.Lakshmi makes 29 cupcakes at a cost of ₹35 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  8. 8.It costs ₹58 to make one painted pebble. Arjun sells it for ₹65. What is the profit on one (in ₹)?
  9. 9.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  10. 10.One cup of lemonade costs Rohan ₹42 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  11. 11.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  12. 12.True or false: “money spent to get it” is the selling price. (a) False (b) True
  13. 13.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  14. 14.It costs ₹8 to make one fruit cup. Joseph sells it for ₹23. What is the profit on one (in ₹)?
  15. 15.Gurpreet makes 10 handmade cards at a cost of ₹34 each and sells all of them at ₹38 each. What is the total profit (in ₹)?
  16. 16.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  18. 18.True or false: “the price on your board” is the selling price. (a) True (b) False
  19. 19.True or false: “cost of making one” is the selling price. (a) False (b) True
  20. 20.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  21. 21.💵 Selling price means… (a) the loss (b) the stall fee (c) what the buyer pays (d) what it cost you
  22. 22.True or false: “money got from a sale” is the cost price. (a) False (b) True
  23. 23.It costs ₹59 to make one cup of lemonade. Diya sells it for ₹67. What is the profit on one (in ₹)?
  24. 24.Diya makes 20 painted pebbles at a cost of ₹35 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  25. 25.True or false: “what a customer pays” is the cost price. (a) True (b) False
  26. 26.It costs ₹57 to make one painted pebble. Dev sells it for ₹58. What is the profit on one (in ₹)?
  27. 27.One handmade card costs ₹46 to make. Meera wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  28. 28.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  29. 29.One clay diya costs ₹43 to make. Rohan wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  31. 31.True or false: “cost of making one” is the cost price. (a) False (b) True
  32. 32.It costs ₹31 to make one glass of chai. On the last day Kavya sells it for only ₹28. How much is the loss on one (in ₹)?
  33. 33.It costs ₹33 to make one painted pebble. On the last day Farhan sells it for only ₹29. How much is the loss on one (in ₹)?
  34. 34.True or false: “what you paid for it” is the cost price. (a) True (b) False
  35. 35.It costs ₹43 to make one clay diya. Diya sells it for ₹46. What is the profit on one (in ₹)?
  36. 36.One fruit cup costs Zoya ₹51 to make and sells for ₹54. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  38. 38.It costs ₹25 to make one paper bookmark. Kabir sells it for ₹26. What is the profit on one (in ₹)?
  39. 39.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  40. 40.True or false: “money got from a sale” is the selling price. (a) True (b) False

Answer key

  1. 8
  2. True
  3. True
  4. SP less than CP
  5. False
  6. False
  7. 174
  8. 7
  9. selling price
  10. Profit
  11. cost price
  12. False
  13. cost price
  14. 15
  15. 40
  16. cost price
  17. selling price
  18. True
  19. False
  20. SP more than CP
  21. what the buyer pays
  22. False
  23. 8
  24. 160
  25. False
  26. 1
  27. 52
  28. cost price
  29. 55
  30. what it cost you
  31. True
  32. 3
  33. 4
  34. True
  35. 3
  36. Profit
  37. selling price
  38. 1
  39. True
  40. True

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