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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 601 · 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.True or false: “the price you sell at” is the cost price. (a) False (b) True
  2. 2.It costs ₹13 to make one glass of chai. Farhan sells it for ₹26. What is the profit on one (in ₹)?
  3. 3.📉 When is there a loss? (a) always (b) SP equal to CP (c) SP less than CP (d) SP more than CP
  4. 4.One bag of popcorn costs Tara ₹46 to make and sells for ₹43. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price means… (a) the discount (b) what the buyer pays (c) the profit (d) what it cost you
  6. 6.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  7. 7.True or false: “money got from a sale” is the cost price. (a) True (b) False
  8. 8.It costs ₹32 to make one cup of lemonade. Joseph sells it for ₹36. What is the profit on one (in ₹)?
  9. 9.One fruit cup costs ₹54 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  10. 10.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) never
  11. 11.True or false: “the price on your board” is the cost price. (a) True (b) False
  12. 12.It costs ₹12 to make one fruit cup. Gurpreet sells it for ₹17. What is the profit on one (in ₹)?
  13. 13.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  14. 14.It costs ₹43 to make one fruit cup. On the last day Kavya sells it for only ₹35. How much is the loss on one (in ₹)?
  15. 15.True or false: “money got from a sale” is the selling price. (a) False (b) True
  16. 16.Lakshmi makes 23 clay diyas at a cost of ₹19 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  17. 17.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  18. 18.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  20. 20.One cupcake costs Meera ₹27 to make and sells for ₹39. Is that a profit or a loss? (a) Profit (b) Loss
  21. 21.It costs ₹9 to make one glass of chai. Rohan sells it for ₹18. What is the profit on one (in ₹)?
  22. 22.It costs ₹34 to make one potted plant. Kavya sells it for ₹44. What is the profit on one (in ₹)?
  23. 23.It costs ₹47 to make one paper bookmark. On the last day Tara sells it for only ₹37. How much is the loss on one (in ₹)?
  24. 24.True or false: “what you paid for it” is the selling price. (a) True (b) False
  25. 25.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  26. 26.True or false: “the price on your board” is the selling price. (a) False (b) True
  27. 27.Tara makes 8 cupcakes at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  28. 28.One glass of chai costs ₹12 to make. Vihaan wants a profit of ₹8 on each. What should the selling price be (in ₹)?
  29. 29.One potted plant costs ₹20 to make. Aarav wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  31. 31.It costs ₹7 to make one handmade card. Dev sells it for ₹13. What is the profit on one (in ₹)?
  32. 32.One bag of popcorn costs Gurpreet ₹24 to make and sells for ₹25. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  34. 34.It costs ₹39 to make one fruit cup. On the last day Kabir sells it for only ₹38. How much is the loss on one (in ₹)?
  35. 35.It costs ₹46 to make one friendship band. Tara sells it for ₹54. What is the profit on one (in ₹)?
  36. 36.One potted plant costs Saanvi ₹42 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  37. 37.It costs ₹63 to make one handmade card. On the last day Nisha sells it for only ₹56. How much is the loss on one (in ₹)?
  38. 38.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  39. 39.It costs ₹26 to make one painted pebble. On the last day Lakshmi sells it for only ₹19. How much is the loss on one (in ₹)?
  40. 40.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price

Answer key

  1. False
  2. 13
  3. SP less than CP
  4. Loss
  5. what it cost you
  6. False
  7. False
  8. 4
  9. 57
  10. SP more than CP
  11. False
  12. 5
  13. cost price
  14. 8
  15. True
  16. 161
  17. selling price
  18. True
  19. cost price
  20. Profit
  21. 9
  22. 10
  23. 10
  24. False
  25. selling price
  26. True
  27. 56
  28. 20
  29. 37
  30. cost price
  31. 6
  32. Profit
  33. selling price
  34. 1
  35. 8
  36. Profit
  37. 7
  38. selling price
  39. 7
  40. cost price

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