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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 558 · 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: “money got from a sale” is the cost price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  3. 3.💵 Selling price means… (a) the loss (b) what it cost you (c) the stall fee (d) what the buyer pays
  4. 4.One potted plant costs ₹57 to make. Meera wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  5. 5.Riya makes 13 glasses of chai at a cost of ₹13 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  6. 6.One cupcake costs ₹10 to make. Nisha wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹43 to make one paper bookmark. Zoya sells it for ₹59. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price means… (a) the profit (b) the discount (c) what it cost you (d) what the buyer pays
  9. 9.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  10. 10.True or false: “what a customer pays” is the cost price. (a) False (b) True
  11. 11.One friendship band costs ₹9 to make. Tara wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  12. 12.One paper bookmark costs Arjun ₹56 to make and sells for ₹66. Is that a profit or a loss? (a) Profit (b) Loss
  13. 13.It costs ₹50 to make one painted pebble. Lakshmi sells it for ₹51. What is the profit on one (in ₹)?
  14. 14.One paper bookmark costs Diya ₹58 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.True or false: “cost of making one” is the cost price. (a) False (b) True
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.It costs ₹27 to make one handmade card. Lakshmi sells it for ₹32. What is the profit on one (in ₹)?
  18. 18.One glass of chai costs ₹52 to make. Zoya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹22 to make one paper bookmark. Ishaan sells it for ₹38. What is the profit on one (in ₹)?
  20. 20.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  21. 21.True or false: “the price on your board” is the selling price. (a) True (b) False
  22. 22.It costs ₹54 to make one glass of chai. Vihaan sells it for ₹58. What is the profit on one (in ₹)?
  23. 23.True or false: “cost of making one” is the selling price. (a) True (b) False
  24. 24.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  25. 25.Diya makes 15 cups of lemonade at a cost of ₹22 each and sells all of them at ₹23 each. What is the total profit (in ₹)?
  26. 26.True or false: “money spent to get it” is the selling price. (a) False (b) True
  27. 27.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  28. 28.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  29. 29.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  30. 30.📈 When is there a profit? (a) SP more than CP (b) SP less than CP (c) never (d) SP equal to CP
  31. 31.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  32. 32.One clay diya costs Ananya ₹35 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹59 to make one paper bookmark. Riya sells it for ₹69. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs ₹31 to make. Aarav wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  35. 35.One jute bag costs Kabir ₹28 to make and sells for ₹41. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.It costs ₹14 to make one friendship band. Rohan sells it for ₹23. What is the profit on one (in ₹)?
  37. 37.True or false: “what you paid for it” is the selling price. (a) True (b) False
  38. 38.It costs ₹32 to make one paper bookmark. On the last day Kavya sells it for only ₹31. How much is the loss on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  40. 40.It costs ₹51 to make one bag of popcorn. On the last day Nisha sells it for only ₹42. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. cost price
  3. what the buyer pays
  4. 68
  5. 156
  6. 11
  7. 16
  8. what it cost you
  9. cost price
  10. False
  11. 12
  12. Profit
  13. 1
  14. Profit
  15. True
  16. selling price
  17. 5
  18. 58
  19. 16
  20. cost price
  21. True
  22. 4
  23. False
  24. selling price
  25. 15
  26. False
  27. True
  28. SP less than CP
  29. False
  30. SP more than CP
  31. cost price
  32. Profit
  33. 10
  34. 35
  35. Profit
  36. 9
  37. False
  38. 1
  39. selling price
  40. 9

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