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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 615 · 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: “what a customer pays” is the selling price. (a) False (b) True
  2. 2.It costs ₹22 to make one fruit cup. On the last day Aarav sells it for only ₹12. How much is the loss on one (in ₹)?
  3. 3.One painted pebble costs ₹31 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  4. 4.It costs ₹11 to make one clay diya. Vihaan sells it for ₹13. What is the profit on one (in ₹)?
  5. 5.True or false: “what a customer pays” is the cost price. (a) False (b) True
  6. 6.Nisha makes 17 handmade cards at a cost of ₹31 each and sells all of them at ₹32 each. What is the total profit (in ₹)?
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) SP more than CP (d) never
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  9. 9.True or false: “money spent to get it” is the cost price. (a) False (b) True
  10. 10.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  11. 11.One cup of lemonade costs ₹30 to make. Tara wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.💵 Selling price means… (a) what the buyer pays (b) the stall fee (c) what it cost you (d) the loss
  14. 14.One cupcake costs Kavya ₹39 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  15. 15.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  16. 16.It costs ₹48 to make one jute bag. On the last day Rohan sells it for only ₹41. How much is the loss on one (in ₹)?
  17. 17.Rohan makes 6 handmade cards at a cost of ₹9 each and sells all of them at ₹11 each. What is the total profit (in ₹)?
  18. 18.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  19. 19.It costs ₹43 to make one handmade card. On the last day Rohan sells it for only ₹33. How much is the loss on one (in ₹)?
  20. 20.Rohan makes 18 paper bookmarks at a cost of ₹18 each and sells all of them at ₹21 each. What is the total profit (in ₹)?
  21. 21.True or false: “the price on your board” is the cost price. (a) False (b) True
  22. 22.True or false: “cost of making one” is the cost price. (a) False (b) True
  23. 23.🏷️ Cost price means… (a) what it cost you (b) the profit (c) the discount (d) what the buyer pays
  24. 24.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  25. 25.It costs ₹40 to make one fruit cup. On the last day Ishaan sells it for only ₹38. How much is the loss on one (in ₹)?
  26. 26.True or false: “cost of making one” is the selling price. (a) False (b) True
  27. 27.It costs ₹55 to make one jute bag. On the last day Zoya sells it for only ₹45. How much is the loss on one (in ₹)?
  28. 28.It costs ₹27 to make one cup of lemonade. On the last day Tara sells it for only ₹24. How much is the loss on one (in ₹)?
  29. 29.It costs ₹52 to make one jute bag. Ananya sells it for ₹53. What is the profit on one (in ₹)?
  30. 30.Joseph makes 26 clay diyas at a cost of ₹14 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  31. 31.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  32. 32.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  33. 33.It costs ₹27 to make one painted pebble. On the last day Joseph sells it for only ₹21. How much is the loss on one (in ₹)?
  34. 34.It costs ₹58 to make one paper bookmark. On the last day Tara sells it for only ₹50. How much is the loss on one (in ₹)?
  35. 35.It costs ₹48 to make one glass of chai. Vihaan sells it for ₹56. What is the profit on one (in ₹)?
  36. 36.True or false: “what you paid for it” is the selling price. (a) False (b) True
  37. 37.True or false: “the price you sell at” is the selling price. (a) True (b) False
  38. 38.It costs ₹64 to make one cup of lemonade. On the last day Kabir sells it for only ₹55. How much is the loss on one (in ₹)?
  39. 39.One paper bookmark costs ₹55 to make. Kabir wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  40. 40.One fruit cup costs Saanvi ₹17 to make and sells for ₹12. Is that a profit or a loss? (a) Profit (b) Loss

Answer key

  1. True
  2. 10
  3. 36
  4. 2
  5. False
  6. 17
  7. SP more than CP
  8. selling price
  9. True
  10. cost price
  11. 34
  12. cost price
  13. what the buyer pays
  14. Profit
  15. cost price
  16. 7
  17. 12
  18. False
  19. 10
  20. 54
  21. False
  22. True
  23. what it cost you
  24. SP less than CP
  25. 2
  26. False
  27. 10
  28. 3
  29. 1
  30. 26
  31. selling price
  32. cost price
  33. 6
  34. 8
  35. 8
  36. False
  37. True
  38. 9
  39. 75
  40. Loss

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