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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 608 · 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: cost of making one? (a) cost price (b) selling price
  2. 2.💵 Selling price means… (a) the stall fee (b) the loss (c) what the buyer pays (d) what it cost you
  3. 3.True or false: “money got from a sale” is the cost price. (a) True (b) False
  4. 4.It costs ₹23 to make one handmade card. On the last day Gurpreet sells it for only ₹21. How much is the loss on one (in ₹)?
  5. 5.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  6. 6.One painted pebble costs Zoya ₹37 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  7. 7.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  8. 8.It costs ₹36 to make one clay diya. Nisha sells it for ₹53. What is the profit on one (in ₹)?
  9. 9.One handmade card costs ₹50 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  10. 10.It costs ₹58 to make one clay diya. Aarav sells it for ₹77. What is the profit on one (in ₹)?
  11. 11.One friendship band costs ₹55 to make. Ishaan wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price means… (a) the profit (b) what it cost you (c) the discount (d) what the buyer pays
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  14. 14.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  15. 15.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  16. 16.One painted pebble costs Joseph ₹58 to make and sells for ₹44. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.One jute bag costs ₹12 to make. Diya wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  18. 18.One glass of chai costs Farhan ₹22 to make and sells for ₹16. Is that a profit or a loss? (a) Loss (b) Profit
  19. 19.True or false: “the price on your board” is the selling price. (a) True (b) False
  20. 20.It costs ₹30 to make one cup of lemonade. On the last day Nisha sells it for only ₹24. How much is the loss on one (in ₹)?
  21. 21.It costs ₹36 to make one cupcake. Vihaan sells it for ₹51. What is the profit on one (in ₹)?
  22. 22.One glass of chai costs ₹5 to make. Gurpreet wants a profit of ₹17 on each. What should the selling price be (in ₹)?
  23. 23.One cup of lemonade costs Riya ₹29 to make and sells for ₹44. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.It costs ₹15 to make one painted pebble. Zoya sells it for ₹23. What is the profit on one (in ₹)?
  25. 25.True or false: “the price you sell at” is the cost price. (a) True (b) False
  26. 26.One clay diya costs Ananya ₹22 to make and sells for ₹23. Is that a profit or a loss? (a) Loss (b) Profit
  27. 27.One friendship band costs ₹48 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  28. 28.Kabir makes 7 handmade cards at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  30. 30.It costs ₹45 to make one paper bookmark. Farhan sells it for ₹46. What is the profit on one (in ₹)?
  31. 31.Lakshmi makes 16 painted pebbles at a cost of ₹17 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  32. 32.True or false: “the wholesale price paid” is the cost price. (a) False (b) True
  33. 33.It costs ₹19 to make one friendship band. Vihaan sells it for ₹21. What is the profit on one (in ₹)?
  34. 34.📉 When is there a loss? (a) always (b) SP less than CP (c) SP equal to CP (d) SP more than CP
  35. 35.It costs ₹17 to make one cup of lemonade. On the last day Ananya sells it for only ₹8. How much is the loss on one (in ₹)?
  36. 36.It costs ₹11 to make one cupcake. Aarav sells it for ₹14. What is the profit on one (in ₹)?
  37. 37.One cupcake costs Zoya ₹18 to make and sells for ₹28. Is that a profit or a loss? (a) Profit (b) Loss
  38. 38.One fruit cup costs Saanvi ₹52 to make and sells for ₹40. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.One cup of lemonade costs Kabir ₹47 to make and sells for ₹57. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price

Answer key

  1. cost price
  2. what the buyer pays
  3. False
  4. 2
  5. selling price
  6. Loss
  7. False
  8. 17
  9. 63
  10. 19
  11. 59
  12. what it cost you
  13. selling price
  14. cost price
  15. cost price
  16. Loss
  17. 18
  18. Loss
  19. True
  20. 6
  21. 15
  22. 22
  23. Profit
  24. 8
  25. False
  26. Profit
  27. 51
  28. 7
  29. selling price
  30. 1
  31. 32
  32. True
  33. 2
  34. SP less than CP
  35. 9
  36. 3
  37. Profit
  38. Loss
  39. Profit
  40. selling price

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