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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 585 · 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: money spent to get it? (a) cost price (b) selling price
  2. 2.True or false: “what a customer pays” is the selling price. (a) True (b) False
  3. 3.True or false: “what a customer pays” is the cost price. (a) False (b) True
  4. 4.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  5. 5.Kabir makes 22 paper bookmarks at a cost of ₹16 each and sells all of them at ₹30 each. What is the total profit (in ₹)?
  6. 6.💵 Selling price means… (a) the loss (b) what the buyer pays (c) what it cost you (d) the stall fee
  7. 7.One fruit cup costs ₹10 to make. Vihaan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹26 to make one cupcake. Rohan sells it for ₹30. What is the profit on one (in ₹)?
  9. 9.It costs ₹32 to make one painted pebble. On the last day Arjun sells it for only ₹24. How much is the loss on one (in ₹)?
  10. 10.One clay diya costs ₹42 to make. Gurpreet wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  11. 11.True or false: “money got from a sale” is the selling price. (a) False (b) True
  12. 12.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  13. 13.One handmade card costs Ishaan ₹49 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  14. 14.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  15. 15.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  16. 16.It costs ₹35 to make one jute bag. Farhan sells it for ₹54. What is the profit on one (in ₹)?
  17. 17.It costs ₹50 to make one friendship band. On the last day Meera sells it for only ₹41. How much is the loss on one (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) True (b) False
  19. 19.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  20. 20.It costs ₹45 to make one painted pebble. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  21. 21.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the profit (d) the discount
  22. 22.It costs ₹38 to make one glass of chai. On the last day Meera sells it for only ₹28. How much is the loss on one (in ₹)?
  23. 23.It costs ₹27 to make one clay diya. Nisha sells it for ₹36. What is the profit on one (in ₹)?
  24. 24.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  27. 27.One paper bookmark costs Arjun ₹49 to make and sells for ₹47. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.One fruit cup costs ₹54 to make. Gurpreet wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  29. 29.One clay diya costs ₹11 to make. Ananya wants a profit of ₹16 on each. What should the selling price be (in ₹)?
  30. 30.Ananya makes 25 glasses of chai at a cost of ₹40 each and sells all of them at ₹47 each. What is the total profit (in ₹)?
  31. 31.One bag of popcorn costs Meera ₹41 to make and sells for ₹46. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One fruit cup costs Meera ₹28 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.It costs ₹32 to make one fruit cup. On the last day Meera sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.It costs ₹22 to make one glass of chai. On the last day Dev sells it for only ₹12. How much is the loss on one (in ₹)?
  35. 35.📉 When is there a loss? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) always
  36. 36.True or false: “money got from a sale” is the cost price. (a) True (b) False
  37. 37.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  38. 38.True or false: “the price on your board” is the cost price. (a) True (b) False
  39. 39.It costs ₹17 to make one bag of popcorn. Kavya sells it for ₹19. What is the profit on one (in ₹)?
  40. 40.It costs ₹40 to make one handmade card. Tara sells it for ₹42. What is the profit on one (in ₹)?

Answer key

  1. cost price
  2. True
  3. False
  4. selling price
  5. 308
  6. what the buyer pays
  7. 25
  8. 4
  9. 8
  10. 55
  11. True
  12. selling price
  13. Loss
  14. False
  15. selling price
  16. 19
  17. 9
  18. True
  19. SP more than CP
  20. 5
  21. what it cost you
  22. 10
  23. 9
  24. cost price
  25. selling price
  26. cost price
  27. Loss
  28. 72
  29. 27
  30. 175
  31. Profit
  32. Profit
  33. 10
  34. 10
  35. SP less than CP
  36. False
  37. True
  38. False
  39. 2
  40. 2

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