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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 629 · 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: “money spent to get it” is the selling price. (a) False (b) True
  2. 2.💵 Selling price means… (a) what the buyer pays (b) the loss (c) the stall fee (d) what it cost you
  3. 3.📉 When is there a loss? (a) SP more than CP (b) always (c) SP equal to CP (d) SP less than CP
  4. 4.One glass of chai costs ₹40 to make. Meera wants a profit of ₹5 on each. What should the selling price be (in ₹)?
  5. 5.🏷️ Cost price or selling price: money spent to get it? (a) cost price (b) selling price
  6. 6.True or false: “what a customer pays” is the cost price. (a) True (b) False
  7. 7.📈 When is there a profit? (a) SP equal to CP (b) SP less than CP (c) never (d) SP more than CP
  8. 8.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  9. 9.True or false: “the wholesale price paid” is the selling price. (a) True (b) False
  10. 10.🏷️ Cost price means… (a) what the buyer pays (b) what it cost you (c) the discount (d) the profit
  11. 11.True or false: “cost of making one” is the cost price. (a) True (b) False
  12. 12.One friendship band costs ₹54 to make. Vihaan wants a profit of ₹14 on each. What should the selling price be (in ₹)?
  13. 13.Joseph makes 30 paper bookmarks at a cost of ₹31 each and sells all of them at ₹33 each. What is the total profit (in ₹)?
  14. 14.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  15. 15.It costs ₹53 to make one handmade card. Diya sells it for ₹57. What is the profit on one (in ₹)?
  16. 16.True or false: “the price on your board” is the cost price. (a) True (b) False
  17. 17.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  18. 18.One friendship band costs ₹57 to make. Meera wants a profit of ₹1 on each. What should the selling price be (in ₹)?
  19. 19.It costs ₹19 to make one potted plant. On the last day Gurpreet sells it for only ₹12. How much is the loss on one (in ₹)?
  20. 20.True or false: “the price you sell at” is the selling price. (a) False (b) True
  21. 21.Ishaan makes 27 cups of lemonade at a cost of ₹32 each and sells all of them at ₹43 each. What is the total profit (in ₹)?
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.It costs ₹54 to make one potted plant. Arjun sells it for ₹62. What is the profit on one (in ₹)?
  24. 24.True or false: “money spent to get it” is the cost price. (a) True (b) False
  25. 25.Tara makes 27 glasses of chai at a cost of ₹31 each and sells all of them at ₹41 each. What is the total profit (in ₹)?
  26. 26.Nisha makes 10 painted pebbles at a cost of ₹15 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  27. 27.True or false: “the price on your board” is the selling price. (a) True (b) False
  28. 28.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  29. 29.True or false: “the wholesale price paid” is the cost price. (a) True (b) False
  30. 30.It costs ₹35 to make one glass of chai. Aarav sells it for ₹50. What is the profit on one (in ₹)?
  31. 31.One potted plant costs Arjun ₹42 to make and sells for ₹36. Is that a profit or a loss? (a) Profit (b) Loss
  32. 32.It costs ₹30 to make one handmade card. Vihaan sells it for ₹35. What is the profit on one (in ₹)?
  33. 33.It costs ₹20 to make one cupcake. On the last day Saanvi sells it for only ₹12. How much is the loss on one (in ₹)?
  34. 34.It costs ₹36 to make one paper bookmark. On the last day Ananya sells it for only ₹34. How much is the loss on one (in ₹)?
  35. 35.True or false: “what a customer pays” is the selling price. (a) False (b) True
  36. 36.It costs ₹22 to make one paper bookmark. On the last day Gurpreet sells it for only ₹14. How much is the loss on one (in ₹)?
  37. 37.One painted pebble costs ₹39 to make. Tara wants a profit of ₹12 on each. What should the selling price be (in ₹)?
  38. 38.It costs ₹27 to make one potted plant. Zoya sells it for ₹34. What is the profit on one (in ₹)?
  39. 39.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  40. 40.Aarav makes 24 handmade cards at a cost of ₹35 each and sells all of them at ₹39 each. What is the total profit (in ₹)?

Answer key

  1. False
  2. what the buyer pays
  3. SP less than CP
  4. 45
  5. cost price
  6. False
  7. SP more than CP
  8. selling price
  9. False
  10. what it cost you
  11. True
  12. 68
  13. 60
  14. cost price
  15. 4
  16. False
  17. cost price
  18. 58
  19. 7
  20. True
  21. 297
  22. False
  23. 8
  24. True
  25. 270
  26. 140
  27. True
  28. selling price
  29. True
  30. 15
  31. Loss
  32. 5
  33. 8
  34. 2
  35. True
  36. 8
  37. 51
  38. 7
  39. selling price
  40. 96

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