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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 579 · 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.

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  1. 1.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling 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: what you paid for it? (a) selling price (b) cost price
  4. 4.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  7. 7.One paper bookmark costs Arjun ₹59 to make and sells for ₹52. Is that a profit or a loss? (a) Loss (b) Profit
  8. 8.True or false: “money spent to get it” is the selling price. (a) True (b) False
  9. 9.True or false: “money got from a sale” is the selling price. (a) False (b) True
  10. 10.It costs ₹16 to make one paper bookmark. Saanvi sells it for ₹34. What is the profit on one (in ₹)?
  11. 11.One painted pebble costs Saanvi ₹27 to make and sells for ₹19. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  13. 13.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  14. 14.One potted plant costs ₹19 to make. Kavya wants a profit of ₹9 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹28 to make one clay diya. On the last day Riya sells it for only ₹18. How much is the loss on one (in ₹)?
  16. 16.It costs ₹37 to make one glass of chai. On the last day Farhan sells it for only ₹30. How much is the loss on one (in ₹)?
  17. 17.True or false: “what you paid for it” is the selling price. (a) False (b) True
  18. 18.Ishaan makes 28 cups of lemonade at a cost of ₹32 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  19. 19.One cup of lemonade costs Dev ₹59 to make and sells for ₹58. Is that a profit or a loss? (a) Loss (b) Profit
  20. 20.One bag of popcorn costs Aarav ₹26 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.One jute bag costs Riya ₹22 to make and sells for ₹10. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹11 to make one clay diya. Vihaan sells it for ₹20. What is the profit on one (in ₹)?
  23. 23.One paper bookmark costs Joseph ₹47 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  24. 24.It costs ₹67 to make one cupcake. On the last day Lakshmi sells it for only ₹57. How much is the loss on one (in ₹)?
  25. 25.It costs ₹24 to make one handmade card. Meera sells it for ₹32. What is the profit on one (in ₹)?
  26. 26.It costs ₹48 to make one handmade card. On the last day Dev sells it for only ₹44. How much is the loss on one (in ₹)?
  27. 27.It costs ₹9 to make one glass of chai. On the last day Tara sells it for only ₹6. How much is the loss on one (in ₹)?
  28. 28.One friendship band costs Kabir ₹41 to make and sells for ₹30. Is that a profit or a loss? (a) Profit (b) Loss
  29. 29.One paper bookmark costs ₹31 to make. Arjun wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  31. 31.It costs ₹14 to make one glass of chai. On the last day Aarav sells it for only ₹6. How much is the loss on one (in ₹)?
  32. 32.📈 When is there a profit? (a) SP less than CP (b) SP more than CP (c) never (d) SP equal to CP
  33. 33.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  34. 34.Dev makes 12 glasses of chai at a cost of ₹33 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  35. 35.Tara makes 9 handmade cards at a cost of ₹29 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  37. 37.It costs ₹6 to make one handmade card. Nisha sells it for ₹25. What is the profit on one (in ₹)?
  38. 38.True or false: “cost of making one” is the cost price. (a) False (b) True
  39. 39.It costs ₹10 to make one fruit cup. Gurpreet sells it for ₹21. What is the profit on one (in ₹)?
  40. 40.Meera makes 19 paper bookmarks at a cost of ₹8 each and sells all of them at ₹17 each. What is the total profit (in ₹)?

Answer key

  1. cost price
  2. cost price
  3. cost price
  4. cost price
  5. selling price
  6. what it cost you
  7. Loss
  8. False
  9. True
  10. 18
  11. Loss
  12. True
  13. SP less than CP
  14. 28
  15. 10
  16. 7
  17. False
  18. 112
  19. Loss
  20. Loss
  21. Loss
  22. 9
  23. Loss
  24. 10
  25. 8
  26. 4
  27. 3
  28. Loss
  29. 36
  30. selling price
  31. 8
  32. SP more than CP
  33. what the buyer pays
  34. 168
  35. 108
  36. selling price
  37. 19
  38. True
  39. 11
  40. 171

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