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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 536 · 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 a customer pays” is the selling price. (a) True (b) False
  2. 2.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  3. 3.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  4. 4.One glass of chai costs Ananya ₹56 to make and sells for ₹59. Is that a profit or a loss? (a) Profit (b) Loss
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  7. 7.True or false: “what you paid for it” is the selling price. (a) False (b) True
  8. 8.It costs ₹19 to make one handmade card. On the last day Nisha sells it for only ₹12. How much is the loss on one (in ₹)?
  9. 9.One clay diya costs Nisha ₹26 to make and sells for ₹29. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.True or false: “the price you sell at” is the cost price. (a) True (b) False
  11. 11.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  12. 12.One glass of chai costs Saanvi ₹53 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.It costs ₹38 to make one handmade card. On the last day Lakshmi sells it for only ₹36. How much is the loss on one (in ₹)?
  14. 14.It costs ₹55 to make one painted pebble. Lakshmi sells it for ₹73. What is the profit on one (in ₹)?
  15. 15.It costs ₹10 to make one friendship band. Nisha sells it for ₹29. What is the profit on one (in ₹)?
  16. 16.Rohan makes 14 bags of popcorn at a cost of ₹33 each and sells all of them at ₹35 each. What is the total profit (in ₹)?
  17. 17.True or false: “the price on your board” is the selling price. (a) False (b) True
  18. 18.One jute bag costs ₹33 to make. Arjun wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹11 to make one potted plant. Joseph sells it for ₹13. What is the profit on one (in ₹)?
  20. 20.One cup of lemonade costs ₹53 to make. Rohan wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹33 to make one cup of lemonade. Zoya sells it for ₹35. What is the profit on one (in ₹)?
  22. 22.One jute bag costs Tara ₹37 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  23. 23.It costs ₹14 to make one fruit cup. Saanvi sells it for ₹16. What is the profit on one (in ₹)?
  24. 24.It costs ₹55 to make one paper bookmark. Diya sells it for ₹61. What is the profit on one (in ₹)?
  25. 25.It costs ₹19 to make one handmade card. On the last day Nisha sells it for only ₹18. How much is the loss on one (in ₹)?
  26. 26.One paper bookmark costs ₹34 to make. Zoya wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  27. 27.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  29. 29.One glass of chai costs ₹23 to make. Farhan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  30. 30.One handmade card costs ₹6 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹52 to make one clay diya. On the last day Dev sells it for only ₹46. How much is the loss on one (in ₹)?
  32. 32.It costs ₹8 to make one paper bookmark. On the last day Zoya sells it for only ₹7. How much is the loss on one (in ₹)?
  33. 33.True or false: “money got from a sale” is the selling price. (a) False (b) True
  34. 34.It costs ₹53 to make one glass of chai. On the last day Kabir sells it for only ₹43. How much is the loss on one (in ₹)?
  35. 35.One jute bag costs Saanvi ₹32 to make and sells for ₹26. Is that a profit or a loss? (a) Profit (b) Loss
  36. 36.📈 When is there a profit? (a) SP less than CP (b) never (c) SP equal to CP (d) SP more than CP
  37. 37.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  38. 38.It costs ₹21 to make one clay diya. On the last day Tara sells it for only ₹11. How much is the loss on one (in ₹)?
  39. 39.It costs ₹61 to make one potted plant. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  40. 40.One cup of lemonade costs Saanvi ₹31 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. True
  2. what the buyer pays
  3. selling price
  4. Profit
  5. False
  6. True
  7. False
  8. 7
  9. Profit
  10. False
  11. what it cost you
  12. Loss
  13. 2
  14. 18
  15. 19
  16. 28
  17. True
  18. 36
  19. 2
  20. 66
  21. 2
  22. Profit
  23. 2
  24. 6
  25. 1
  26. 51
  27. cost price
  28. selling price
  29. 28
  30. 7
  31. 6
  32. 1
  33. True
  34. 10
  35. Loss
  36. SP more than CP
  37. False
  38. 10
  39. 9
  40. Loss

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