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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 613 · 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: “cost of making one” is the selling price. (a) False (b) True
  2. 2.🏷️ Cost price or selling price: what a customer pays? (a) selling price (b) cost price
  3. 3.True or false: “cost of making one” is the cost price. (a) False (b) True
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) always (c) SP more than CP (d) SP less than CP
  5. 5.Ishaan makes 25 handmade cards at a cost of ₹21 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  6. 6.True or false: “the price you sell at” is the selling price. (a) True (b) False
  7. 7.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  9. 9.💵 Selling price means… (a) the stall fee (b) the loss (c) what it cost you (d) what the buyer pays
  10. 10.It costs ₹55 to make one handmade card. On the last day Ananya sells it for only ₹52. How much is the loss on one (in ₹)?
  11. 11.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  12. 12.It costs ₹8 to make one friendship band. On the last day Diya sells it for only ₹5. How much is the loss on one (in ₹)?
  13. 13.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  14. 14.It costs ₹67 to make one bag of popcorn. On the last day Kabir sells it for only ₹57. How much is the loss on one (in ₹)?
  15. 15.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  16. 16.True or false: “the price on your board” is the selling price. (a) True (b) False
  17. 17.It costs ₹55 to make one clay diya. Gurpreet sells it for ₹70. What is the profit on one (in ₹)?
  18. 18.It costs ₹54 to make one handmade card. On the last day Kavya sells it for only ₹49. How much is the loss on one (in ₹)?
  19. 19.True or false: “the price you sell at” is the cost price. (a) True (b) False
  20. 20.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) never (d) SP more than CP
  21. 21.One friendship band costs Zoya ₹29 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  22. 22.It costs ₹37 to make one bag of popcorn. Meera sells it for ₹46. What is the profit on one (in ₹)?
  23. 23.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  24. 24.True or false: “what you paid for it” is the cost price. (a) False (b) True
  25. 25.One friendship band costs ₹13 to make. Ananya wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  26. 26.It costs ₹10 to make one cup of lemonade. Lakshmi sells it for ₹15. What is the profit on one (in ₹)?
  27. 27.It costs ₹5 to make one cupcake. Vihaan sells it for ₹9. What is the profit on one (in ₹)?
  28. 28.True or false: “what a customer pays” is the selling price. (a) True (b) False
  29. 29.It costs ₹55 to make one painted pebble. Saanvi sells it for ₹75. What is the profit on one (in ₹)?
  30. 30.One potted plant costs ₹34 to make. Joseph wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  31. 31.One painted pebble costs Rohan ₹52 to make and sells for ₹53. Is that a profit or a loss? (a) Loss (b) Profit
  32. 32.One bag of popcorn costs Arjun ₹56 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  33. 33.It costs ₹11 to make one glass of chai. Ananya sells it for ₹30. What is the profit on one (in ₹)?
  34. 34.One fruit cup costs Gurpreet ₹54 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  35. 35.One friendship band costs ₹53 to make. Tara wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  36. 36.It costs ₹20 to make one cup of lemonade. Ishaan sells it for ₹33. What is the profit on one (in ₹)?
  37. 37.One glass of chai costs ₹46 to make. Rohan wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  38. 38.One painted pebble costs ₹60 to make. Saanvi wants a profit of ₹13 on each. What should the selling price be (in ₹)?
  39. 39.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  40. 40.One potted plant costs ₹52 to make. Diya wants a profit of ₹10 on each. What should the selling price be (in ₹)?

Answer key

  1. False
  2. selling price
  3. True
  4. SP less than CP
  5. 375
  6. True
  7. selling price
  8. selling price
  9. what the buyer pays
  10. 3
  11. cost price
  12. 3
  13. what it cost you
  14. 10
  15. False
  16. True
  17. 15
  18. 5
  19. False
  20. SP more than CP
  21. Profit
  22. 9
  23. cost price
  24. True
  25. 31
  26. 5
  27. 4
  28. True
  29. 20
  30. 40
  31. Profit
  32. Loss
  33. 19
  34. Loss
  35. 67
  36. 13
  37. 61
  38. 73
  39. cost price
  40. 62

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