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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 623 · 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.

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  1. 1.🏷️ Cost price or selling price: what you paid for it? (a) selling price (b) cost price
  2. 2.It costs ₹24 to make one handmade card. On the last day Joseph sells it for only ₹14. How much is the loss on one (in ₹)?
  3. 3.🏷️ Cost price or selling price: cost of making one? (a) selling price (b) cost price
  4. 4.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  5. 5.True or false: “what a customer pays” is the selling price. (a) False (b) True
  6. 6.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  7. 7.It costs ₹51 to make one cupcake. On the last day Vihaan sells it for only ₹45. How much is the loss on one (in ₹)?
  8. 8.One glass of chai costs ₹16 to make. Joseph wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  9. 9.Dev makes 13 cupcakes at a cost of ₹6 each and sells all of them at ₹16 each. What is the total profit (in ₹)?
  10. 10.True or false: “money got from a sale” is the selling price. (a) True (b) False
  11. 11.📈 When is there a profit? (a) SP more than CP (b) never (c) SP equal to CP (d) SP less than CP
  12. 12.One clay diya costs Farhan ₹37 to make and sells for ₹35. Is that a profit or a loss? (a) Loss (b) Profit
  13. 13.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  14. 14.It costs ₹43 to make one friendship band. On the last day Ananya sells it for only ₹39. How much is the loss on one (in ₹)?
  15. 15.True or false: “what you paid for it” is the selling price. (a) True (b) False
  16. 16.True or false: “cost of making one” is the cost price. (a) False (b) True
  17. 17.Rohan makes 5 cups of lemonade at a cost of ₹13 each and sells all of them at ₹14 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 ₹37 to make one cupcake. Arjun sells it for ₹48. What is the profit on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the cost price. (a) False (b) True
  21. 21.It costs ₹40 to make one jute bag. On the last day Farhan sells it for only ₹37. How much is the loss on one (in ₹)?
  22. 22.It costs ₹39 to make one friendship band. On the last day Nisha sells it for only ₹30. How much is the loss on one (in ₹)?
  23. 23.It costs ₹61 to make one friendship band. On the last day Gurpreet sells it for only ₹59. How much is the loss on one (in ₹)?
  24. 24.It costs ₹60 to make one cup of lemonade. Rohan sells it for ₹73. What is the profit on one (in ₹)?
  25. 25.One handmade card costs Dev ₹22 to make and sells for ₹14. Is that a profit or a loss? (a) Profit (b) Loss
  26. 26.💵 Selling price means… (a) what it cost you (b) what the buyer pays (c) the stall fee (d) the loss
  27. 27.📉 When is there a loss? (a) SP more than CP (b) always (c) SP less than CP (d) SP equal to CP
  28. 28.One handmade card costs ₹28 to make. Dev wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  29. 29.One painted pebble costs ₹52 to make. Gurpreet wants a profit of ₹15 on each. What should the selling price be (in ₹)?
  30. 30.🏷️ Cost price or selling price: the price you sell at? (a) cost price (b) selling price
  31. 31.True or false: “what a customer pays” is the cost price. (a) False (b) True
  32. 32.One glass of chai costs Vihaan ₹51 to make and sells for ₹62. Is that a profit or a loss? (a) Loss (b) Profit
  33. 33.One bag of popcorn costs ₹5 to make. Gurpreet wants a profit of ₹10 on each. What should the selling price be (in ₹)?
  34. 34.True or false: “the price on your board” is the cost price. (a) True (b) False
  35. 35.It costs ₹33 to make one fruit cup. Tara sells it for ₹40. What is the profit on one (in ₹)?
  36. 36.One painted pebble costs ₹44 to make. Diya wants a profit of ₹4 on each. What should the selling price be (in ₹)?
  37. 37.It costs ₹10 to make one handmade card. On the last day Farhan sells it for only ₹6. How much is the loss on one (in ₹)?
  38. 38.One cup of lemonade costs Kavya ₹55 to make and sells for ₹42. Is that a profit or a loss? (a) Loss (b) Profit
  39. 39.One jute bag costs Ishaan ₹27 to make and sells for ₹42. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹23 to make one cup of lemonade. On the last day Meera sells it for only ₹21. How much is the loss on one (in ₹)?

Answer key

  1. cost price
  2. 10
  3. cost price
  4. what it cost you
  5. True
  6. selling price
  7. 6
  8. 20
  9. 130
  10. True
  11. SP more than CP
  12. Loss
  13. selling price
  14. 4
  15. False
  16. True
  17. 5
  18. False
  19. 11
  20. False
  21. 3
  22. 9
  23. 2
  24. 13
  25. Loss
  26. what the buyer pays
  27. SP less than CP
  28. 43
  29. 67
  30. selling price
  31. False
  32. Profit
  33. 15
  34. False
  35. 7
  36. 48
  37. 4
  38. Loss
  39. Profit
  40. 2

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