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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 584 · 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.True or false: “money spent to get it” is the cost price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  4. 4.True or false: “what you paid for it” is the selling price. (a) False (b) True
  5. 5.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  6. 6.📉 When is there a loss? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) always
  7. 7.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  8. 8.One friendship band costs Aarav ₹23 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  9. 9.True or false: “what you paid for it” is the cost price. (a) True (b) False
  10. 10.It costs ₹48 to make one fruit cup. Meera sells it for ₹66. What is the profit on one (in ₹)?
  11. 11.One potted plant costs ₹51 to make. Farhan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  13. 13.One potted plant costs ₹28 to make. Farhan wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  14. 14.One cup of lemonade costs Arjun ₹50 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  15. 15.It costs ₹18 to make one cupcake. Kabir sells it for ₹37. What is the profit on one (in ₹)?
  16. 16.True or false: “the price on your board” is the selling price. (a) False (b) True
  17. 17.One potted plant costs ₹10 to make. Zoya wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “money got from a sale” is the cost price. (a) False (b) True
  19. 19.It costs ₹22 to make one paper bookmark. Farhan sells it for ₹25. What is the profit on one (in ₹)?
  20. 20.One painted pebble costs ₹33 to make. Rohan wants a profit of ₹11 on each. What should the selling price be (in ₹)?
  21. 21.It costs ₹24 to make one potted plant. On the last day Dev sells it for only ₹22. How much is the loss on one (in ₹)?
  22. 22.One clay diya costs ₹29 to make. Vihaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  23. 23.One jute bag costs Tara ₹30 to make and sells for ₹43. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.Rohan makes 17 handmade cards at a cost of ₹5 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  25. 25.True or false: “the price on your board” is the cost price. (a) True (b) False
  26. 26.True or false: “cost of making one” is the selling price. (a) False (b) True
  27. 27.Kavya makes 30 jute bags at a cost of ₹36 each and sells all of them at ₹37 each. What is the total profit (in ₹)?
  28. 28.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  29. 29.It costs ₹58 to make one glass of chai. Gurpreet sells it for ₹78. What is the profit on one (in ₹)?
  30. 30.True or false: “the price you sell at” is the cost price. (a) True (b) False
  31. 31.One painted pebble costs Nisha ₹46 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹60 to make one fruit cup. Joseph sells it for ₹63. What is the profit on one (in ₹)?
  33. 33.It costs ₹51 to make one painted pebble. On the last day Dev sells it for only ₹50. How much is the loss on one (in ₹)?
  34. 34.True or false: “money spent to get it” is the selling price. (a) False (b) True
  35. 35.It costs ₹30 to make one cup of lemonade. Joseph sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  37. 37.One friendship band costs Saanvi ₹55 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  39. 39.True or false: “what a customer pays” is the selling price. (a) True (b) False
  40. 40.One bag of popcorn costs Farhan ₹18 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. selling price
  2. True
  3. cost price
  4. False
  5. selling price
  6. SP less than CP
  7. cost price
  8. Profit
  9. True
  10. 18
  11. 70
  12. selling price
  13. 29
  14. Loss
  15. 19
  16. True
  17. 17
  18. False
  19. 3
  20. 44
  21. 2
  22. 33
  23. Profit
  24. 187
  25. False
  26. False
  27. 30
  28. SP more than CP
  29. 20
  30. False
  31. Loss
  32. 3
  33. 1
  34. False
  35. 3
  36. what the buyer pays
  37. Loss
  38. what it cost you
  39. True
  40. Loss

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