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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 565 · 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 cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  3. 3.🏷️ Cost price means… (a) what it cost you (b) the discount (c) what the buyer pays (d) the profit
  4. 4.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  5. 5.It costs ₹38 to make one potted plant. On the last day Aarav sells it for only ₹36. How much is the loss on one (in ₹)?
  6. 6.One bag of popcorn costs Diya ₹51 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  7. 7.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP more than CP (d) SP less than CP
  8. 8.One paper bookmark costs Arjun ₹51 to make and sells for ₹50. Is that a profit or a loss? (a) Loss (b) Profit
  9. 9.One handmade card costs Lakshmi ₹37 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  10. 10.It costs ₹19 to make one clay diya. On the last day Kabir sells it for only ₹9. How much is the loss on one (in ₹)?
  11. 11.One clay diya costs Dev ₹60 to make and sells for ₹71. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.It costs ₹55 to make one potted plant. On the last day Saanvi sells it for only ₹49. How much is the loss on one (in ₹)?
  13. 13.True or false: “money spent to get it” is the selling price. (a) False (b) True
  14. 14.True or false: “what you paid for it” is the selling price. (a) False (b) True
  15. 15.It costs ₹56 to make one clay diya. On the last day Meera sells it for only ₹52. How much is the loss on one (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  17. 17.One handmade card costs Saanvi ₹24 to make and sells for ₹11. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.True or false: “the price on your board” is the cost price. (a) True (b) False
  19. 19.💵 Selling price means… (a) what it cost you (b) the loss (c) the stall fee (d) what the buyer pays
  20. 20.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  21. 21.One cup of lemonade costs ₹14 to make. Kavya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  22. 22.It costs ₹16 to make one jute bag. On the last day Riya sells it for only ₹9. How much is the loss on one (in ₹)?
  23. 23.One cupcake costs ₹25 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  24. 24.True or false: “cost of making one” is the cost price. (a) False (b) True
  25. 25.It costs ₹16 to make one painted pebble. Kabir sells it for ₹27. What is the profit on one (in ₹)?
  26. 26.Kabir makes 23 handmade cards at a cost of ₹17 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  27. 27.One clay diya costs Joseph ₹46 to make and sells for ₹56. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹53 to make one painted pebble. On the last day Zoya sells it for only ₹47. How much is the loss on one (in ₹)?
  29. 29.It costs ₹61 to make one cupcake. On the last day Meera sells it for only ₹59. How much is the loss on one (in ₹)?
  30. 30.One handmade card costs ₹54 to make. Joseph wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  31. 31.It costs ₹34 to make one friendship band. Gurpreet sells it for ₹37. What is the profit on one (in ₹)?
  32. 32.Zoya makes 29 handmade cards at a cost of ₹39 each and sells all of them at ₹51 each. What is the total profit (in ₹)?
  33. 33.True or false: “money got from a sale” is the cost price. (a) False (b) True
  34. 34.True or false: “the price you sell at” is the cost price. (a) False (b) True
  35. 35.It costs ₹46 to make one cup of lemonade. On the last day Rohan sells it for only ₹43. How much is the loss on one (in ₹)?
  36. 36.It costs ₹13 to make one fruit cup. Aarav sells it for ₹24. What is the profit on one (in ₹)?
  37. 37.True or false: “cost of making one” is the selling price. (a) True (b) False
  38. 38.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) never (d) SP less than CP
  39. 39.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  40. 40.One jute bag costs ₹32 to make. Joseph wants a profit of ₹15 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. cost price
  3. what it cost you
  4. cost price
  5. 2
  6. Profit
  7. SP less than CP
  8. Loss
  9. Profit
  10. 10
  11. Profit
  12. 6
  13. False
  14. False
  15. 4
  16. selling price
  17. Loss
  18. False
  19. what the buyer pays
  20. False
  21. 21
  22. 7
  23. 38
  24. True
  25. 11
  26. 345
  27. Profit
  28. 6
  29. 2
  30. 73
  31. 3
  32. 348
  33. False
  34. False
  35. 3
  36. 11
  37. False
  38. SP more than CP
  39. selling price
  40. 47

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