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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 606 · 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 on your board” is the cost price. (a) True (b) False
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  3. 3.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  4. 4.It costs ₹27 to make one glass of chai. On the last day Saanvi sells it for only ₹22. How much is the loss on one (in ₹)?
  5. 5.Kabir makes 10 glasses of chai at a cost of ₹11 each and sells all of them at ₹24 each. What is the total profit (in ₹)?
  6. 6.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  7. 7.One paper bookmark costs ₹23 to make. Gurpreet wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  8. 8.True or false: “money got from a sale” is the cost price. (a) True (b) False
  9. 9.One clay diya costs ₹31 to make. Rohan wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  10. 10.Lakshmi makes 9 bags of popcorn at a cost of ₹6 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  11. 11.It costs ₹18 to make one cup of lemonade. On the last day Arjun sells it for only ₹14. How much is the loss on one (in ₹)?
  12. 12.Arjun makes 16 cupcakes at a cost of ₹17 each and sells all of them at ₹25 each. What is the total profit (in ₹)?
  13. 13.It costs ₹31 to make one cup of lemonade. On the last day Joseph sells it for only ₹29. How much is the loss on one (in ₹)?
  14. 14.💵 Selling price means… (a) what it cost you (b) the loss (c) what the buyer pays (d) the stall fee
  15. 15.It costs ₹51 to make one potted plant. On the last day Meera sells it for only ₹47. How much is the loss on one (in ₹)?
  16. 16.True or false: “cost of making one” is the cost price. (a) True (b) False
  17. 17.One paper bookmark costs Zoya ₹55 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  18. 18.Aarav makes 9 glasses of chai at a cost of ₹17 each and sells all of them at ₹28 each. What is the total profit (in ₹)?
  19. 19.True or false: “cost of making one” is the selling price. (a) True (b) False
  20. 20.True or false: “what you paid for it” is the cost price. (a) False (b) True
  21. 21.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  22. 22.📈 When is there a profit? (a) SP equal to CP (b) SP more than CP (c) never (d) SP less than CP
  23. 23.It costs ₹33 to make one friendship band. On the last day Arjun sells it for only ₹26. How much is the loss on one (in ₹)?
  24. 24.One painted pebble costs ₹28 to make. Lakshmi wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.It costs ₹32 to make one cupcake. On the last day Saanvi sells it for only ₹24. How much is the loss on one (in ₹)?
  27. 27.Aarav makes 27 handmade cards at a cost of ₹8 each and sells all of them at ₹10 each. What is the total profit (in ₹)?
  28. 28.🏷️ Cost price means… (a) what it cost you (b) the profit (c) what the buyer pays (d) the discount
  29. 29.It costs ₹53 to make one bag of popcorn. On the last day Gurpreet sells it for only ₹49. How much is the loss on one (in ₹)?
  30. 30.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  31. 31.It costs ₹30 to make one clay diya. Gurpreet sells it for ₹31. What is the profit on one (in ₹)?
  32. 32.It costs ₹33 to make one paper bookmark. On the last day Ishaan sells it for only ₹31. How much is the loss on one (in ₹)?
  33. 33.Meera makes 9 cups of lemonade at a cost of ₹34 each and sells all of them at ₹44 each. What is the total profit (in ₹)?
  34. 34.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  35. 35.One fruit cup costs Rohan ₹33 to make and sells for ₹20. Is that a profit or a loss? (a) Loss (b) Profit
  36. 36.One cup of lemonade costs ₹8 to make. Saanvi wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  37. 37.One friendship band costs ₹12 to make. Nisha wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹8 to make one fruit cup. Aarav sells it for ₹18. What is the profit on one (in ₹)?
  39. 39.It costs ₹48 to make one handmade card. Meera sells it for ₹55. What is the profit on one (in ₹)?
  40. 40.One handmade card costs Tara ₹37 to make and sells for ₹40. Is that a profit or a loss? (a) Loss (b) Profit

Answer key

  1. False
  2. selling price
  3. SP less than CP
  4. 5
  5. 130
  6. selling price
  7. 24
  8. False
  9. 50
  10. 81
  11. 4
  12. 128
  13. 2
  14. what the buyer pays
  15. 4
  16. True
  17. Loss
  18. 99
  19. False
  20. True
  21. False
  22. SP more than CP
  23. 7
  24. 29
  25. selling price
  26. 8
  27. 54
  28. what it cost you
  29. 4
  30. selling price
  31. 1
  32. 2
  33. 90
  34. cost price
  35. Loss
  36. 11
  37. 22
  38. 10
  39. 7
  40. Profit

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