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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 622 · 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 means… (a) the profit (b) what it cost you (c) what the buyer pays (d) the discount
  2. 2.True or false: “the price you sell at” is the selling price. (a) True (b) False
  3. 3.💵 Selling price means… (a) the loss (b) what it cost you (c) what the buyer pays (d) the stall fee
  4. 4.One potted plant costs Joseph ₹33 to make and sells for ₹31. Is that a profit or a loss? (a) Loss (b) Profit
  5. 5.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  6. 6.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  7. 7.One cupcake costs ₹7 to make. Dev wants a profit of ₹19 on each. What should the selling price be (in ₹)?
  8. 8.It costs ₹49 to make one paper bookmark. On the last day Ishaan sells it for only ₹39. How much is the loss on one (in ₹)?
  9. 9.True or false: “what a customer pays” is the selling price. (a) True (b) False
  10. 10.It costs ₹17 to make one clay diya. On the last day Meera sells it for only ₹16. 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.True or false: “cost of making one” is the selling price. (a) True (b) False
  13. 13.One painted pebble costs Arjun ₹25 to make and sells for ₹24. Is that a profit or a loss? (a) Profit (b) Loss
  14. 14.One handmade card costs ₹19 to make. Zoya wants a profit of ₹3 on each. What should the selling price be (in ₹)?
  15. 15.It costs ₹46 to make one fruit cup. Vihaan sells it for ₹63. What is the profit on one (in ₹)?
  16. 16.📉 When is there a loss? (a) always (b) SP less than CP (c) SP more than CP (d) SP equal to CP
  17. 17.One cupcake costs ₹22 to make. Saanvi wants a profit of ₹2 on each. What should the selling price be (in ₹)?
  18. 18.True or false: “what a customer pays” is the cost price. (a) False (b) True
  19. 19.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  20. 20.Farhan makes 21 jute bags at a cost of ₹12 each and sells all of them at ₹19 each. What is the total profit (in ₹)?
  21. 21.True or false: “money spent to get it” is the selling price. (a) True (b) False
  22. 22.True or false: “the price on your board” is the cost price. (a) True (b) False
  23. 23.True or false: “the wholesale price paid” is the selling price. (a) False (b) True
  24. 24.🏷️ Cost price or selling price: the price on your board? (a) cost price (b) selling price
  25. 25.It costs ₹29 to make one painted pebble. Aarav sells it for ₹37. What is the profit on one (in ₹)?
  26. 26.It costs ₹17 to make one fruit cup. On the last day Meera sells it for only ₹9. How much is the loss on one (in ₹)?
  27. 27.One handmade card costs Saanvi ₹19 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  28. 28.Nisha makes 22 bags of popcorn at a cost of ₹33 each and sells all of them at ₹36 each. What is the total profit (in ₹)?
  29. 29.It costs ₹16 to make one painted pebble. Diya sells it for ₹24. What is the profit on one (in ₹)?
  30. 30.It costs ₹54 to make one cupcake. On the last day Dev sells it for only ₹44. How much is the loss on one (in ₹)?
  31. 31.One jute bag costs Kavya ₹23 to make and sells for ₹27. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹21 to make one friendship band. On the last day Farhan sells it for only ₹12. How much is the loss on one (in ₹)?
  33. 33.It costs ₹30 to make one potted plant. On the last day Ishaan sells it for only ₹22. How much is the loss on one (in ₹)?
  34. 34.It costs ₹31 to make one glass of chai. Saanvi sells it for ₹42. What is the profit on one (in ₹)?
  35. 35.It costs ₹54 to make one clay diya. Riya sells it for ₹74. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  37. 37.True or false: “the price you sell at” is the cost price. (a) True (b) False
  38. 38.One cupcake costs ₹34 to make. Ishaan wants a profit of ₹20 on each. What should the selling price be (in ₹)?
  39. 39.One handmade card costs Aarav ₹20 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.True or false: “the wholesale price paid” is the cost price. (a) False (b) True

Answer key

  1. what it cost you
  2. True
  3. what the buyer pays
  4. Loss
  5. cost price
  6. cost price
  7. 26
  8. 10
  9. True
  10. 1
  11. cost price
  12. False
  13. Loss
  14. 22
  15. 17
  16. SP less than CP
  17. 24
  18. False
  19. cost price
  20. 147
  21. False
  22. False
  23. False
  24. selling price
  25. 8
  26. 8
  27. Loss
  28. 66
  29. 8
  30. 10
  31. Profit
  32. 9
  33. 8
  34. 11
  35. 20
  36. selling price
  37. False
  38. 54
  39. Loss
  40. True

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