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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 550 · 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: “cost of making one” is the selling price. (a) True (b) False
  2. 2.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP less than CP (d) SP more than CP
  3. 3.Ananya makes 16 friendship bands at a cost of ₹36 each and sells all of them at ₹49 each. What is the total profit (in ₹)?
  4. 4.It costs ₹41 to make one clay diya. Ishaan sells it for ₹44. What is the profit on one (in ₹)?
  5. 5.One painted pebble costs ₹7 to make. Rohan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  6. 6.True or false: “money got from a sale” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  8. 8.True or false: “what you paid for it” is the cost price. (a) True (b) False
  9. 9.True or false: “cost of making one” is the cost price. (a) True (b) False
  10. 10.One cupcake costs ₹60 to make. Diya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  11. 11.💵 Selling price means… (a) what the buyer pays (b) what it cost you (c) the stall fee (d) the loss
  12. 12.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  13. 13.It costs ₹51 to make one cupcake. On the last day Aarav sells it for only ₹50. How much is the loss on one (in ₹)?
  14. 14.One glass of chai costs Vihaan ₹55 to make and sells for ₹60. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.It costs ₹59 to make one handmade card. Farhan sells it for ₹79. What is the profit on one (in ₹)?
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.It costs ₹44 to make one fruit cup. On the last day Rohan sells it for only ₹41. How much is the loss on one (in ₹)?
  18. 18.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  19. 19.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  20. 20.One potted plant costs ₹59 to make. Farhan wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  21. 21.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  22. 22.True or false: “money spent to get it” is the cost price. (a) True (b) False
  23. 23.True or false: “money spent to get it” is the selling price. (a) True (b) False
  24. 24.Ananya makes 8 glasses of chai at a cost of ₹16 each and sells all of them at ₹18 each. What is the total profit (in ₹)?
  25. 25.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  26. 26.It costs ₹18 to make one fruit cup. Aarav sells it for ₹32. What is the profit on one (in ₹)?
  27. 27.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  28. 28.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  29. 29.It costs ₹45 to make one painted pebble. Meera sells it for ₹53. What is the profit on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  31. 31.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  32. 32.One painted pebble costs Aarav ₹20 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹24 to make one paper bookmark. On the last day Kabir sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.True or false: “what a customer pays” is the cost price. (a) False (b) True
  35. 35.One painted pebble costs ₹56 to make. Kabir wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  36. 36.Meera makes 5 bags of popcorn at a cost of ₹39 each and sells all of them at ₹48 each. What is the total profit (in ₹)?
  37. 37.It costs ₹28 to make one paper bookmark. Kavya sells it for ₹48. What is the profit on one (in ₹)?
  38. 38.It costs ₹59 to make one painted pebble. Ishaan sells it for ₹67. What is the profit on one (in ₹)?
  39. 39.It costs ₹51 to make one glass of chai. Kavya sells it for ₹67. What is the profit on one (in ₹)?
  40. 40.One cup of lemonade costs Dev ₹45 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. False
  2. SP less than CP
  3. 208
  4. 3
  5. 11
  6. True
  7. selling price
  8. True
  9. True
  10. 68
  11. what the buyer pays
  12. selling price
  13. 1
  14. Profit
  15. 20
  16. False
  17. 3
  18. cost price
  19. cost price
  20. 76
  21. selling price
  22. True
  23. False
  24. 16
  25. SP more than CP
  26. 14
  27. what it cost you
  28. False
  29. 8
  30. cost price
  31. True
  32. Profit
  33. 2
  34. False
  35. 63
  36. 45
  37. 20
  38. 8
  39. 16
  40. Loss

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