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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 537 · 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.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) SP equal to CP (d) never
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  5. 5.True or false: “money got from a sale” is the cost price. (a) True (b) False
  6. 6.One potted plant costs Aarav ₹18 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.It costs ₹27 to make one handmade card. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  8. 8.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  9. 9.It costs ₹16 to make one friendship band. Ananya sells it for ₹34. What is the profit on one (in ₹)?
  10. 10.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  11. 11.One handmade card costs ₹45 to make. Rohan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  12. 12.True or false: “money spent to get it” 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.It costs ₹14 to make one cup of lemonade. On the last day Joseph sells it for only ₹10. How much is the loss on one (in ₹)?
  15. 15.It costs ₹12 to make one fruit cup. Joseph sells it for ₹14. What is the profit on one (in ₹)?
  16. 16.Nisha makes 14 paper bookmarks at a cost of ₹16 each and sells all of them at ₹27 each. What is the total profit (in ₹)?
  17. 17.True or false: “money got from a sale” is the selling price. (a) False (b) True
  18. 18.Dev makes 29 handmade cards at a cost of ₹11 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  19. 19.One glass of chai costs ₹49 to make. Lakshmi wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  20. 20.One glass of chai costs ₹39 to make. Lakshmi wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹58 to make one cup of lemonade. On the last day Meera sells it for only ₹54. How much is the loss on one (in ₹)?
  22. 22.It costs ₹40 to make one cupcake. On the last day Zoya sells it for only ₹31. How much is the loss on one (in ₹)?
  23. 23.It costs ₹23 to make one cupcake. Nisha sells it for ₹40. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.One bag of popcorn costs ₹22 to make. Aarav wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “what a customer pays” is the selling price. (a) True (b) False
  28. 28.One clay diya costs ₹35 to make. Vihaan wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  29. 29.It costs ₹6 to make one cupcake. Farhan sells it for ₹16. What is the profit on one (in ₹)?
  30. 30.True or false: “cost of making one” is the selling price. (a) True (b) False
  31. 31.It costs ₹13 to make one friendship band. Arjun sells it for ₹25. What is the profit on one (in ₹)?
  32. 32.True or false: “cost of making one” is the cost price. (a) False (b) True
  33. 33.It costs ₹46 to make one cupcake. Aarav sells it for ₹63. What is the profit on one (in ₹)?
  34. 34.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  35. 35.One friendship band costs ₹39 to make. Vihaan wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  36. 36.One paper bookmark costs ₹7 to make. Nisha wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  37. 37.One glass of chai costs Kabir ₹26 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.It costs ₹34 to make one cup of lemonade. Ananya sells it for ₹37. What is the profit on one (in ₹)?
  39. 39.True or false: “the price on your board” is the cost price. (a) True (b) False
  40. 40.It costs ₹9 to make one friendship band. On the last day Gurpreet sells it for only ₹5. How much is the loss on one (in ₹)?

Answer key

  1. SP more than CP
  2. cost price
  3. what the buyer pays
  4. cost price
  5. False
  6. Profit
  7. 5
  8. True
  9. 18
  10. what it cost you
  11. 62
  12. True
  13. selling price
  14. 4
  15. 2
  16. 154
  17. True
  18. 290
  19. 64
  20. 43
  21. 4
  22. 9
  23. 17
  24. selling price
  25. selling price
  26. 36
  27. True
  28. 41
  29. 10
  30. False
  31. 12
  32. True
  33. 17
  34. SP less than CP
  35. 41
  36. 11
  37. Profit
  38. 3
  39. False
  40. 4

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