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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 588 · 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 got from a sale? (a) selling price (b) cost price
  2. 2.True or false: “cost of making one” is the selling price. (a) False (b) True
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.📈 When is there a profit? (a) SP less than CP (b) never (c) SP more than CP (d) SP equal to CP
  5. 5.True or false: “the price you sell at” is the selling price. (a) False (b) True
  6. 6.Dev makes 24 cups of lemonade at a cost of ₹26 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  7. 7.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  8. 8.True or false: “the price on your board” is the selling price. (a) False (b) True
  9. 9.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  10. 10.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  11. 11.One jute bag costs Vihaan ₹34 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  12. 12.One clay diya costs ₹39 to make. Riya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  13. 13.📉 When is there a loss? (a) SP less than CP (b) always (c) SP equal to CP (d) SP more than CP
  14. 14.💵 Selling price means… (a) the stall fee (b) what the buyer pays (c) the loss (d) what it cost you
  15. 15.One friendship band costs ₹57 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  16. 16.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  17. 17.One friendship band costs Nisha ₹49 to make and sells for ₹62. Is that a profit or a loss? (a) Profit (b) Loss
  18. 18.One clay diya costs ₹48 to make. Aarav wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹57 to make one painted pebble. Joseph sells it for ₹67. What is the profit on one (in ₹)?
  20. 20.It costs ₹34 to make one cup of lemonade. On the last day Joseph sells it for only ₹30. How much is the loss on one (in ₹)?
  21. 21.It costs ₹46 to make one glass of chai. On the last day Dev sells it for only ₹36. How much is the loss on one (in ₹)?
  22. 22.It costs ₹54 to make one fruit cup. On the last day Diya sells it for only ₹45. How much is the loss on one (in ₹)?
  23. 23.It costs ₹32 to make one jute bag. On the last day Kabir sells it for only ₹29. How much is the loss on one (in ₹)?
  24. 24.It costs ₹52 to make one potted plant. Nisha sells it for ₹59. What is the profit on one (in ₹)?
  25. 25.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  26. 26.It costs ₹16 to make one bag of popcorn. On the last day Ananya sells it for only ₹11. How much is the loss on one (in ₹)?
  27. 27.One handmade card costs Rohan ₹57 to make and sells for ₹60. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.True or false: “the price you sell at” is the cost price. (a) False (b) True
  29. 29.Kavya makes 11 fruit cups at a cost of ₹15 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  30. 30.It costs ₹19 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹13. How much is the loss on one (in ₹)?
  31. 31.One paper bookmark costs Vihaan ₹31 to make and sells for ₹22. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One potted plant costs Gurpreet ₹17 to make and sells for ₹7. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹24 to make one glass of chai. On the last day Kabir sells it for only ₹18. How much is the loss on one (in ₹)?
  34. 34.One paper bookmark costs Vihaan ₹38 to make and sells for ₹41. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  36. 36.It costs ₹49 to make one fruit cup. On the last day Meera sells it for only ₹46. How much is the loss on one (in ₹)?
  37. 37.It costs ₹25 to make one jute bag. On the last day Diya sells it for only ₹16. How much is the loss on one (in ₹)?
  38. 38.One handmade card costs Joseph ₹23 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.It costs ₹27 to make one cup of lemonade. Arjun sells it for ₹47. What is the profit on one (in ₹)?
  40. 40.It costs ₹35 to make one fruit cup. On the last day Lakshmi sells it for only ₹26. How much is the loss on one (in ₹)?

Answer key

  1. selling price
  2. False
  3. cost price
  4. SP more than CP
  5. True
  6. 48
  7. selling price
  8. True
  9. cost price
  10. False
  11. Profit
  12. 43
  13. SP less than CP
  14. what the buyer pays
  15. 77
  16. selling price
  17. Profit
  18. 68
  19. 10
  20. 4
  21. 10
  22. 9
  23. 3
  24. 7
  25. what it cost you
  26. 5
  27. Profit
  28. False
  29. 44
  30. 6
  31. Loss
  32. Loss
  33. 6
  34. Profit
  35. True
  36. 3
  37. 9
  38. Loss
  39. 20
  40. 9

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