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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 573 · 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.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  2. 2.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  3. 3.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  4. 4.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  5. 5.It costs ₹22 to make one cupcake. On the last day Farhan sells it for only ₹13. How much is the loss on one (in ₹)?
  6. 6.One cup of lemonade costs ₹45 to make. Gurpreet wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  7. 7.It costs ₹35 to make one paper bookmark. On the last day Kavya sells it for only ₹25. How much is the loss on one (in ₹)?
  8. 8.True or false: “cost of making one” is the selling price. (a) True (b) False
  9. 9.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  10. 10.It costs ₹53 to make one friendship band. Tara sells it for ₹63. What is the profit on one (in ₹)?
  11. 11.It costs ₹8 to make one clay diya. Kabir sells it for ₹28. What is the profit on one (in ₹)?
  12. 12.Farhan makes 5 glasses of chai at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  13. 13.It costs ₹13 to make one cupcake. Ananya sells it for ₹28. What is the profit on one (in ₹)?
  14. 14.One clay diya costs ₹24 to make. Riya wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  15. 15.📉 When is there a loss? (a) SP less than CP (b) SP more than CP (c) always (d) SP equal to CP
  16. 16.One cupcake costs Rohan ₹52 to make and sells for ₹67. Is that a profit or a loss? (a) Profit (b) Loss
  17. 17.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  18. 18.True or false: “the price on your board” is the selling price. (a) True (b) False
  19. 19.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  20. 20.It costs ₹15 to make one fruit cup. Joseph sells it for ₹30. What is the profit on one (in ₹)?
  21. 21.True or false: “what you paid for it” is the selling price. (a) True (b) False
  22. 22.True or false: “what you paid for it” is the cost price. (a) False (b) True
  23. 23.Gurpreet makes 14 handmade cards at a cost of ₹40 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  24. 24.True or false: “money got from a sale” is the selling price. (a) False (b) True
  25. 25.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  26. 26.One painted pebble costs ₹11 to make. Arjun wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  27. 27.It costs ₹15 to make one handmade card. On the last day Arjun sells it for only ₹13. How much is the loss on one (in ₹)?
  28. 28.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  29. 29.One cup of lemonade costs Nisha ₹27 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss
  30. 30.🏷️ Cost price means… (a) what the buyer pays (b) the discount (c) what it cost you (d) the profit
  31. 31.One jute bag costs Riya ₹20 to make and sells for ₹18. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.One glass of chai costs ₹52 to make. Kabir wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  33. 33.One bag of popcorn costs ₹20 to make. Riya wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “money spent to get it” is the cost price. (a) False (b) True
  35. 35.True or false: “what a customer pays” is the selling price. (a) True (b) False
  36. 36.It costs ₹10 to make one potted plant. Lakshmi sells it for ₹25. What is the profit on one (in ₹)?
  37. 37.It costs ₹27 to make one paper bookmark. Ishaan sells it for ₹41. What is the profit on one (in ₹)?
  38. 38.One handmade card costs Diya ₹55 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.📈 When is there a profit? (a) never (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  40. 40.One jute bag costs ₹33 to make. Ananya wants a profit of ₹11 on each. What should the selling price be (in ₹)?

Answer key

  1. selling price
  2. cost price
  3. cost price
  4. selling price
  5. 9
  6. 61
  7. 10
  8. False
  9. cost price
  10. 10
  11. 20
  12. 15
  13. 15
  14. 32
  15. SP less than CP
  16. Profit
  17. selling price
  18. True
  19. what the buyer pays
  20. 15
  21. False
  22. True
  23. 14
  24. True
  25. selling price
  26. 27
  27. 2
  28. cost price
  29. Loss
  30. what it cost you
  31. Loss
  32. 55
  33. 35
  34. True
  35. True
  36. 15
  37. 14
  38. Loss
  39. SP more than CP
  40. 44

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