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Profit and Loss for Kids Worksheet

Entrepreneurship lesson 9: Cost price, selling price, profit and loss · Set 630 · 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 wholesale price paid” is the selling price. (a) True (b) False
  2. 2.One paper bookmark costs ₹60 to make. Saanvi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  3. 3.🏷️ Cost price or selling price: money got from a sale? (a) cost price (b) selling price
  4. 4.📉 When is there a loss? (a) SP equal to CP (b) SP more than CP (c) SP less than CP (d) always
  5. 5.It costs ₹58 to make one paper bookmark. Nisha sells it for ₹76. What is the profit on one (in ₹)?
  6. 6.🏷️ Cost price or selling price: the wholesale price paid? (a) cost price (b) selling price
  7. 7.🏷️ Cost price means… (a) the discount (b) the profit (c) what the buyer pays (d) what it cost you
  8. 8.It costs ₹63 to make one glass of chai. On the last day Kabir sells it for only ₹59. How much is the loss on one (in ₹)?
  9. 9.One cup of lemonade costs Lakshmi ₹52 to make and sells for ₹46. Is that a profit or a loss? (a) Profit (b) Loss
  10. 10.🏷️ Cost price or selling price: the price you sell at? (a) selling price (b) cost price
  11. 11.One handmade card costs Rohan ₹20 to make and sells for ₹30. Is that a profit or a loss? (a) Loss (b) Profit
  12. 12.🏷️ Cost price or selling price: money spent to get it? (a) selling price (b) cost price
  13. 13.Diya makes 12 paper bookmarks at a cost of ₹10 each and sells all of them at ₹15 each. What is the total profit (in ₹)?
  14. 14.True or false: “what you paid for it” is the cost price. (a) False (b) True
  15. 15.🏷️ Cost price or selling price: cost of making one? (a) cost price (b) selling price
  16. 16.Meera makes 7 glasses of chai at a cost of ₹13 each and sells all of them at ₹26 each. What is the total profit (in ₹)?
  17. 17.Dev makes 28 bags of popcorn at a cost of ₹23 each and sells all of them at ₹29 each. What is the total profit (in ₹)?
  18. 18.True or false: “the price you sell at” is the selling price. (a) True (b) False
  19. 19.It costs ₹19 to make one cupcake. Diya sells it for ₹37. What is the profit on one (in ₹)?
  20. 20.📈 When is there a profit? (a) SP less than CP (b) SP equal to CP (c) SP more than CP (d) never
  21. 21.True or false: “the price on your board” is the selling price. (a) False (b) True
  22. 22.True or false: “cost of making one” is the selling price. (a) True (b) False
  23. 23.One cup of lemonade costs Ananya ₹19 to make and sells for ₹13. Is that a profit or a loss? (a) Profit (b) Loss
  24. 24.True or false: “money got from a sale” is the selling price. (a) True (b) False
  25. 25.One friendship band costs Ananya ₹17 to make and sells for ₹21. Is that a profit or a loss? (a) Loss (b) Profit
  26. 26.One cupcake costs ₹6 to make. Rohan wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  27. 27.True or false: “what you paid for it” is the selling price. (a) False (b) True
  28. 28.True or false: “what a customer pays” is the cost price. (a) True (b) False
  29. 29.🏷️ Cost price or selling price: what a customer pays? (a) cost price (b) selling price
  30. 30.One cup of lemonade costs ₹34 to make. Lakshmi wants a profit of ₹18 on each. What should the selling price be (in ₹)?
  31. 31.One cupcake costs ₹23 to make. Nisha wants a profit of ₹6 on each. What should the selling price be (in ₹)?
  32. 32.One glass of chai costs ₹19 to make. Tara wants a profit of ₹7 on each. What should the selling price be (in ₹)?
  33. 33.It costs ₹20 to make one fruit cup. Ishaan sells it for ₹37. What is the profit on one (in ₹)?
  34. 34.It costs ₹8 to make one clay diya. Ananya sells it for ₹25. What is the profit on one (in ₹)?
  35. 35.It costs ₹15 to make one bag of popcorn. Nisha sells it for ₹33. What is the profit on one (in ₹)?
  36. 36.🏷️ Cost price or selling price: the price on your board? (a) selling price (b) cost price
  37. 37.🏷️ Cost price or selling price: what you paid for it? (a) cost price (b) selling price
  38. 38.True or false: “money got from a sale” is the cost price. (a) False (b) True
  39. 39.One fruit cup costs Aarav ₹27 to make and sells for ₹29. Is that a profit or a loss? (a) Profit (b) Loss
  40. 40.It costs ₹22 to make one glass of chai. On the last day Joseph sells it for only ₹17. How much is the loss on one (in ₹)?

Answer key

  1. False
  2. 78
  3. selling price
  4. SP less than CP
  5. 18
  6. cost price
  7. what it cost you
  8. 4
  9. Loss
  10. selling price
  11. Profit
  12. cost price
  13. 60
  14. True
  15. cost price
  16. 91
  17. 168
  18. True
  19. 18
  20. SP more than CP
  21. True
  22. False
  23. Loss
  24. True
  25. Profit
  26. 13
  27. False
  28. False
  29. selling price
  30. 52
  31. 29
  32. 26
  33. 17
  34. 17
  35. 18
  36. selling price
  37. cost price
  38. False
  39. Profit
  40. 5

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