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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 62 · 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: cost of making one? (a) selling price (b) cost price
  3. 3.It costs ₹62 to make one potted plant. On the last day Saanvi sells it for only ₹56. How much is the loss on one (in ₹)?
  4. 4.📉 When is there a loss? (a) SP less than CP (b) always (c) SP more than CP (d) SP equal to CP
  5. 5.True or false: “money got from a sale” is the cost price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) selling price (b) cost price
  7. 7.It costs ₹11 to make one cupcake. Rohan sells it for ₹16. What is the profit on one (in ₹)?
  8. 8.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  9. 9.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  10. 10.True or false: “the price on your board” is the selling price. (a) True (b) False
  11. 11.🏷️ Cost price means… (a) what the buyer pays (b) the profit (c) what it cost you (d) the discount
  12. 12.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.📈 When is there a profit? (a) SP more than CP (b) SP equal to CP (c) SP less than CP (d) never
  14. 14.One friendship band costs ₹53 to make. Ishaan wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹47 to make one cup of lemonade. Dev sells it for ₹67. What is the profit on one (in ₹)?
  16. 16.One friendship band costs Kavya ₹23 to make and sells for ₹37. Is that a profit or a loss? (a) Loss (b) Profit
  17. 17.True or false: “the price you sell at” is the cost price. (a) False (b) True
  18. 18.Riya makes 30 cups of lemonade at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  19. 19.It costs ₹28 to make one glass of chai. Aarav sells it for ₹46. What is the profit on one (in ₹)?
  20. 20.True or false: “money got from a sale” is the selling price. (a) True (b) False
  21. 21.One potted plant costs ₹52 to make. Dev wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  22. 22.True or false: “what a customer pays” is the selling price. (a) False (b) True
  23. 23.It costs ₹52 to make one cup of lemonade. On the last day Lakshmi sells it for only ₹43. How much is the loss on one (in ₹)?
  24. 24.It costs ₹47 to make one bag of popcorn. On the last day Kavya sells it for only ₹39. How much is the loss on one (in ₹)?
  25. 25.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  26. 26.One paper bookmark costs Vihaan ₹34 to make and sells for ₹31. Is that a profit or a loss? (a) Profit (b) Loss
  27. 27.One glass of chai costs Ishaan ₹43 to make and sells for ₹55. Is that a profit or a loss? (a) Loss (b) Profit
  28. 28.It costs ₹41 to make one painted pebble. On the last day Dev sells it for only ₹37. How much is the loss on one (in ₹)?
  29. 29.Diya makes 10 paper bookmarks at a cost of ₹12 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  30. 30.One cup of lemonade costs Meera ₹52 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  31. 31.It costs ₹52 to make one handmade card. On the last day Saanvi sells it for only ₹49. How much is the loss on one (in ₹)?
  32. 32.It costs ₹26 to make one handmade card. On the last day Meera sells it for only ₹16. How much is the loss on one (in ₹)?
  33. 33.It costs ₹47 to make one paper bookmark. On the last day Nisha sells it for only ₹39. How much is the loss on one (in ₹)?
  34. 34.It costs ₹8 to make one cup of lemonade. Meera sells it for ₹24. What is the profit on one (in ₹)?
  35. 35.🏷️ Cost price or selling price: money got from a sale? (a) selling price (b) cost price
  36. 36.Saanvi makes 16 handmade cards at a cost of ₹8 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  37. 37.One jute bag costs Vihaan ₹23 to make and sells for ₹38. Is that a profit or a loss? (a) Loss (b) Profit
  38. 38.One cup of lemonade costs Kabir ₹37 to make and sells for ₹25. Is that a profit or a loss? (a) Profit (b) Loss
  39. 39.True or false: “what you paid for it” is the selling price. (a) True (b) False
  40. 40.Riya makes 28 potted plants at a cost of ₹34 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. cost price
  3. 6
  4. SP less than CP
  5. False
  6. cost price
  7. 5
  8. selling price
  9. True
  10. True
  11. what it cost you
  12. False
  13. SP more than CP
  14. 58
  15. 20
  16. Profit
  17. False
  18. 210
  19. 18
  20. True
  21. 53
  22. True
  23. 9
  24. 8
  25. selling price
  26. Loss
  27. Profit
  28. 4
  29. 40
  30. Loss
  31. 3
  32. 10
  33. 8
  34. 16
  35. selling price
  36. 112
  37. Profit
  38. Loss
  39. False
  40. 140

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